Filing Flows › Amerisafe (AMSF) › Q3 2025
Amerisafe (AMSF) Q3 2025 earnings results (third quarter 2025)
10-Q filed Oct 30, 2025
Amerisafe (AMSF) reported revenue of $82.0M for the third quarter 2025 (Q3 2025), +4% from a year earlier and +1% from the quarter before. Operating margin was 21.3%, net earnings $13.8M (16.9% of revenue).
Amerisafe, Q3 2025: revenue $82.0M (+4% year over year), operating margin 21.3%, net earnings $13.8M, operating cash flow $10.7M. The chart follows the revenue to costs, profit and cash.
| Q3 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $82.0M | +1% | +4% |
| Operating profit | $17.5M | +0.1% | -2% |
| Net earnings | $13.8M | -1% | -4% |
| Operating cash flow | $10.7M | — | +26% |
| Free cash flow | $9.8M | — | +16% |
What changed
Revenue was $82.0M in Q3 2025, up 4% year over year and up 1% from the previous quarter.
Operating profit was $17.5M, a 21.3% margin (down 1.3 points year over year). Operating profit fell $312K even though revenue rose $3.3M versus a year earlier, so costs grew faster than sales. Total costs grew 6% against revenue growth of 4%. Net earnings were $13.8M, down 4% year over year. The effective tax rate was 21.0%.
Operating cash flow was $10.7M (up 26% year over year), 77% of net earnings. Non-cash charges added back $183K of depreciation and $805K of share-based compensation. Working capital and other items used $4.1M. Capital expenditures of $891K left free cash flow of $9.8M.
Questions
What was Amerisafe's revenue in the third quarter 2025?
Amerisafe (AMSF) reported revenue of $82.0M for the third quarter 2025 (Q3 2025), +4% from a year earlier and +1% from the quarter before.
Was Amerisafe profitable in the third quarter 2025?
Operating profit was $17.5M (21.3% of revenue) and net earnings $13.8M.
Source: Amerisafe 10-Q on SEC EDGAR.