Filing Flows › Avalon Holdings (AWX) › Q2 2025
Avalon Holdings (AWX) Q2 2025 earnings results (second quarter 2025)
10-Q filed Aug 8, 2025
Avalon Holdings (AWX) reported revenue of $20.3M for the second quarter 2025 (Q2 2025), -12% from a year earlier and +26% from the quarter before. Operating margin was 3.7%, net earnings $274K (1.4% of revenue).
Avalon Holdings, Q2 2025: revenue $20.3M (-12% year over year), operating margin 3.7%, net earnings $274K, operating cash flow $3.0M. The chart follows the revenue to costs, profit and cash.
| Q2 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $20.3M | +26% | -12% |
| Operating profit | $750K | — | -48% |
| Net earnings | $274K | — | -71% |
| Operating cash flow | $3.0M | — | -5% |
| Free cash flow | $2.7M | — | -4% |
What changed
Revenue was $20.3M in Q2 2025, down 12% year over year and up 26% from the previous quarter. Golf and Related Operations was the largest line at 52% of revenue. Waste Management Services lost $2.5M year over year (down 20%), 88% of the total change.
Operating profit was $750K, a 3.7% margin (down 2.6 points year over year). Total costs fell 10% while revenue fell 12%. Net earnings were $274K, down 71% year over year ($211K including minority interests, which bore $63K of losses). The effective tax rate was 12.1%.
Operating cash flow was $3.0M (down 5% year over year), 1438% of net income including minority interests. Non-cash charges added back $1.0M of depreciation and amortization. Working capital and other items added $1.9M. Capital expenditures of $292K left free cash flow of $2.7M.
Questions
What was Avalon Holdings' revenue in the second quarter 2025?
Avalon Holdings (AWX) reported revenue of $20.3M for the second quarter 2025 (Q2 2025), -12% from a year earlier and +26% from the quarter before.
Was Avalon Holdings profitable in the second quarter 2025?
Operating profit was $750K (3.7% of revenue) and net earnings $274K.
Source: Avalon Holdings 10-Q on SEC EDGAR.