Filing Flows › Avista (AVA) › Q3 2025
Avista (AVA) Q3 2025 earnings results (third quarter 2025)
10-Q filed Nov 5, 2025
Avista (AVA) reported revenue of $403M for the third quarter 2025 (Q3 2025), +2% from a year earlier and -2% from the quarter before. Operating margin was 14.9%, net earnings $29.0M (7.2% of revenue).
Avista, Q3 2025: revenue $403M (+2% year over year), operating margin 14.9%, net earnings $29.0M, operating cash flow $170M. The chart follows the revenue to costs, profit and cash.
| Q3 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $403M | -2% | +2% |
| Operating profit | $60.0M | +5% | +22% |
| Net earnings | $29.0M | +107% | +61% |
| Operating cash flow | $170M | +325% | +34% |
| Free cash flow | $37.0M | — | — |
What changed
Revenue was $403.0M in Q3 2025, up 2% year over year and down 2% from the previous quarter.
Operating profit was $60.0M, a 14.9% margin (up 2.5 points year over year). Of the extra revenue versus a year earlier, 122% reached operating profit, above the 12% margin then. Total costs fell 1% while revenue rose 2%. Net earnings were $29.0M, up 61% year over year. The effective tax rate was 6.5%.
Operating cash flow was $170.0M (up 34% year over year), 586% of net earnings. Non-cash charges added back $73.0M of depreciation and amortization and $1.0M of share-based compensation. Working capital and other items added $67.0M. Capital expenditures of $133.0M left free cash flow of $37.0M.
Questions
What was Avista's revenue in the third quarter 2025?
Avista (AVA) reported revenue of $403M for the third quarter 2025 (Q3 2025), +2% from a year earlier and -2% from the quarter before.
Was Avista profitable in the third quarter 2025?
Operating profit was $60.0M (14.9% of revenue) and net earnings $29.0M.
Source: Avista 10-Q on SEC EDGAR.