Filing Flows › Boeing (BA) › Q2 2025
Boeing (BA) Q2 2025 earnings results (second quarter 2025)
10-Q filed Jul 29, 2025
Boeing (BA) reported revenue of $22.7B for the second quarter 2025 (Q2 2025), +35% from a year earlier and +17% from the quarter before. Operating margin was -0.8%, net loss $612M (2.7% of revenue).
Boeing, Q2 2025: revenue $22.7B (+35% year over year), operating margin -0.8%, net loss $612M, operating cash flow $227M. The chart follows the revenue to costs, profit and cash.
| Q2 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $22.7B | +17% | +35% |
| Operating profit | −$176M | -138% | — |
| Net earnings | −$612M | — | — |
| Operating cash flow | $227M | — | — |
What changed
Revenue was $22.7B in Q2 2025, up 35% year over year and up 17% from the previous quarter. Sales of products was the largest line at 84% of revenue. Sales of products added $5.6B year over year (up 41%), 95% of the total change.
Gross margin was 10.7%, up 3.4 points from a year earlier. Operating costs exceeded revenue by $0.18B, an operating margin of -0.8%. Operating expenses grew 13% against revenue growth of 35%. The quarter ended with a net loss of $0.61B, wider than the previous quarter's $0.03B loss. Net interest and other expense of $0.39B was the main reason.
Operating cash flow was $0.23B. Non-cash charges added back $0.46B of depreciation and amortization and $0.12B of share-based compensation. Working capital and other items added $0.26B. Capital expenditures of $0.43B exceeded it, leaving free cash flow of −$0.20B.
Questions
What was Boeing's revenue in the second quarter 2025?
Boeing (BA) reported revenue of $22.7B for the second quarter 2025 (Q2 2025), +35% from a year earlier and +17% from the quarter before.
Was Boeing profitable in the second quarter 2025?
Operating loss was $176M (-0.8% of revenue) and net loss $612M.
Source: Boeing 10-Q on SEC EDGAR.