Filing Flows › Mission Produce (AVO) › Q3 FY25
Mission Produce (AVO) Q3 FY25 earnings results (third quarter fiscal 2025)
10-Q filed Sep 8, 2025
Mission Produce (AVO) reported revenue of $358M for the third quarter fiscal 2025 (Q3 FY25), +10% from a year earlier and -6% from the quarter before. Operating margin was 5.9%, net earnings $14.5M (4.1% of revenue).
Mission Produce, Q3 FY25: revenue $358M (+10% year over year), operating margin 5.9%, net earnings $14.5M, operating cash flow $34.4M. The chart follows the revenue to costs, profit and cash.
| Q3 FY25 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $358M | -6% | +10% |
| Gross profit | $45.1M | +59% | +22% |
| Operating profit | $21.0M | +204% | +25% |
| Net earnings | $14.5M | +383% | +20% |
| Operating cash flow | $34.4M | — | -19% |
| Free cash flow | $22.6M | — | -35% |
What changed
Revenue was $357.7M in Q3 FY25, up 10% year over year and down 6% from the previous quarter. Avocado was the largest line at 91% of revenue. Avocado added $20.1M year over year (up 7%), 60% of the total change.
Gross margin was 12.6%, up 1.2 points from a year earlier. Operating profit was $21.0M, a 5.9% margin (up 0.7 points year over year). Of the extra revenue versus a year earlier, 12% reached operating profit, above the 5% margin then. Operating expenses grew 19% against revenue growth of 10%. Net earnings were $14.7M, up 19% year over year. The effective tax rate was 26.8%.
Operating cash flow was $34.4M (down 19% year over year), 237% of net earnings. Non-cash charges added back $8.4M of depreciation and amortization and $1.7M of share-based compensation. Working capital and other items added $9.8M. Capital expenditures of $11.8M left free cash flow of $22.6M.
Questions
What was Mission Produce's revenue in the third quarter fiscal 2025?
Mission Produce (AVO) reported revenue of $358M for the third quarter fiscal 2025 (Q3 FY25), +10% from a year earlier and -6% from the quarter before.
Was Mission Produce profitable in the third quarter fiscal 2025?
Operating profit was $21.0M (5.9% of revenue) and net earnings $14.5M.
Source: Mission Produce 10-Q on SEC EDGAR.