Filing Flows › Avantor (AVTR) › Q3 2025
Avantor (AVTR) Q3 2025 earnings results (third quarter 2025)
10-Q filed Oct 29, 2025
Avantor (AVTR) reported revenue of $1.6B for the third quarter 2025 (Q3 2025), -5% from a year earlier and -4% from the quarter before. Operating margin was -40.0%, net loss $712M (43.8% of revenue).
Avantor, Q3 2025: revenue $1.6B (-5% year over year), operating margin -40.0%, net loss $712M, operating cash flow $207M. The chart follows the revenue to costs, profit and cash.
| Q3 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $1.6B | -4% | -5% |
| Operating profit | −$649M | -604% | — |
| Net earnings | −$712M | -1200% | — |
| Operating cash flow | $207M | +34% | -15% |
| Free cash flow | $172M | — | -16% |
What changed
Revenue was $1.6B in Q3 2025, down 5% year over year and down 4% from the previous quarter. Proprietary was the largest line at 53% of revenue. Proprietary lost $0.06B year over year (down 7%), 72% of the total change.
Gross margin was 32.4%, down 0.5 points from a year earlier. Operating costs exceeded revenue by $0.65B, an operating margin of -40.0%. Operating expenses grew 167% against a revenue fall of 5%. The quarter ended with a net loss of $0.71B, after a profit of $0.06B the previous quarter.
Operating cash flow was $0.21B (down 15% year over year). Non-cash charges added back $0.10B of depreciation and amortization and $0.01B of share-based compensation. Working capital and other items added $0.81B. After capital expenditures ($0.04B), free cash flow as the company reports it was $0.17B.
Questions
What was Avantor's revenue in the third quarter 2025?
Avantor (AVTR) reported revenue of $1.6B for the third quarter 2025 (Q3 2025), -5% from a year earlier and -4% from the quarter before.
Was Avantor profitable in the third quarter 2025?
Operating loss was $649M (-40.0% of revenue) and net loss $712M.
Source: Avantor 10-Q on SEC EDGAR.