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AmpliTech Group (AMPG) Q2 2025 earnings results (second quarter 2025)

10-Q filed Aug 14, 2025

AmpliTech Group (AMPG) reported revenue of $11.0M for the second quarter 2025 (Q2 2025), +336% from a year earlier and +206% from the quarter before. Operating margin was -17.5%, net loss $1.8M (16.1% of revenue).

Revenue$11.0M
Year over year+336%
Quarter over quarter+206%
Operating margin-17.5%
Net earnings−$1.8M

AmpliTech Group, Q2 2025: revenue $11.0M (+336% year over year), operating margin -17.5%, net loss $1.8M, operating cash flow −$2.3M. The chart follows the revenue to costs, profit and cash.

Q2 2025AmountQ/QY/Y
Revenue$11.0M+206%+336%
Operating profit−$1.9M——
Net earnings−$1.8M——
Operating cash flow−$2.3M——

What changed

Revenue was $11.0M in Q2 2025, up 336% year over year and up 206% from the previous quarter. Manufacturing and Engineering was the largest line at 85% of revenue.

Gross margin was 7.8%, down 34.0 points from a year earlier. Operating costs exceeded revenue by $1.9M, an operating margin of -17.5%. Operating expenses grew 6% against revenue growth of 336%. The fastest-growing cost line was Research & development (+43%). The quarter ended with a net loss of $1.8M, narrower than the previous quarter's $1.8M loss.

Operating cash flow was −$2.3M. Non-cash charges added back $256K of depreciation and amortization and $98K of share-based compensation. Working capital and other items used $834K. Capital expenditures of $126K exceeded it, leaving free cash flow of −$2.4M.

Questions

What was AmpliTech Group's revenue in the second quarter 2025?

AmpliTech Group (AMPG) reported revenue of $11.0M for the second quarter 2025 (Q2 2025), +336% from a year earlier and +206% from the quarter before.

Was AmpliTech Group profitable in the second quarter 2025?

Operating loss was $1.9M (-17.5% of revenue) and net loss $1.8M.

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Source: AmpliTech Group 10-Q on SEC EDGAR.