Filing Flows › Avalon Holdings (AWX) › Q3 2025
Avalon Holdings (AWX) Q3 2025 earnings results (third quarter 2025)
10-Q filed Nov 7, 2025
Avalon Holdings (AWX) reported revenue of $25.7M for the third quarter 2025 (Q3 2025), +6% from a year earlier and +27% from the quarter before. Operating margin was 9.1%, net earnings $1.9M (7.4% of revenue).
Avalon Holdings, Q3 2025: revenue $25.7M (+6% year over year), operating margin 9.1%, net earnings $1.9M, operating cash flow $1.5M. The chart follows the revenue to costs, profit and cash.
| Q3 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $25.7M | +27% | +6% |
| Operating profit | $2.3M | +213% | +3% |
| Net earnings | $1.9M | +594% | +3% |
| Operating cash flow | $1.5M | -52% | +325% |
| Free cash flow | $852K | -69% | — |
What changed
Revenue was $25.7M in Q3 2025, up 6% year over year and up 27% from the previous quarter. Waste Management Services was the largest line at 50% of revenue. Waste Management Services added $1.5M year over year (up 13%), 96% of the total change.
Operating profit was $2.3M, a 9.1% margin (down 0.3 points year over year). Of the extra revenue versus a year earlier, 5% reached operating profit, below the 9% margin then. Total costs grew 7% against revenue growth of 6%. Net earnings were $1.9M, up 3% year over year ($1.8M including minority interests, which bore $113K of losses). The effective tax rate was 2.5%.
Operating cash flow was $1.5M (up 325% year over year), 81% of net income including minority interests. Non-cash charges added back $932K of depreciation and amortization. Working capital and other items used $1.3M. Capital expenditures of $601K left free cash flow of $852K.
Questions
What was Avalon Holdings' revenue in the third quarter 2025?
Avalon Holdings (AWX) reported revenue of $25.7M for the third quarter 2025 (Q3 2025), +6% from a year earlier and +27% from the quarter before.
Was Avalon Holdings profitable in the third quarter 2025?
Operating profit was $2.3M (9.1% of revenue) and net earnings $1.9M.
Source: Avalon Holdings 10-Q on SEC EDGAR.