Filing Flows › American Shared Hospital Services (AMS) › Q3 2025
American Shared Hospital Services (AMS) Q3 2025 earnings results (third quarter 2025)
10-Q filed Nov 14, 2025
American Shared Hospital Services (AMS) reported revenue of $7.2M for the third quarter 2025 (Q3 2025), +2% from a year earlier and +1% from the quarter before. Operating margin was -4.8%, net loss $329K (4.6% of revenue).
American Shared Hospital Services, Q3 2025: revenue $7.2M (+2% year over year), operating margin -4.8%, net loss $329K, operating cash flow $1.7M. The chart follows the revenue to costs, profit and cash.
| Q3 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $7.2M | +1% | +2% |
| Operating profit | −$344K | — | — |
| Net earnings | −$329K | — | — |
| Operating cash flow | $1.7M | — | +254% |
What changed
Revenue was $7.2M in Q3 2025, up 2% year over year and up 1% from the previous quarter. Patient Income was the largest line at 56% of revenue. Patient Income added $347K year over year (up 9%), 202% of the total change. Rental Income from Medical Services declined 5%.
Gross margin was 22.1%, up 2.5 points from a year earlier. Operating costs exceeded revenue by $344K, an operating margin of -4.8%. Operating expenses fell 15% while revenue rose 2%. The fastest-growing cost line was Other operating costs (+17%). The quarter ended with a net loss of $329K, narrower than the previous quarter's $478K loss. Minority interests bore $312K of it: to shareholders the quarter was a loss of $17K. Non-operating items added $63K, -22% of pre-tax earnings, so the bottom line overstates operating performance.
Operating cash flow was $1.7M (up 254% year over year). Non-cash charges added back $1.5M of depreciation and amortization and $101K of share-based compensation. Working capital and other items added $445K. Capital expenditures of $3.7M exceeded it, leaving free cash flow of −$2.0M.
Questions
What was American Shared Hospital Services' revenue in the third quarter 2025?
American Shared Hospital Services (AMS) reported revenue of $7.2M for the third quarter 2025 (Q3 2025), +2% from a year earlier and +1% from the quarter before.
Was American Shared Hospital Services profitable in the third quarter 2025?
Operating loss was $344K (-4.8% of revenue) and net loss $329K.
Source: American Shared Hospital Services 10-Q on SEC EDGAR.