Filing Flows › Boeing (BA) › Q3 2025
Boeing (BA) Q3 2025 earnings results (third quarter 2025)
10-Q filed Oct 29, 2025
Boeing (BA) reported revenue of $23.3B for the third quarter 2025 (Q3 2025), +30% from a year earlier and +2% from the quarter before. Operating margin was -20.5%, net loss $5.3B (22.9% of revenue).
Boeing, Q3 2025: revenue $23.3B (+30% year over year), operating margin -20.5%, net loss $5.3B, operating cash flow $1.1B. The chart follows the revenue to costs, profit and cash.
| Q3 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $23.3B | +2% | +30% |
| Operating profit | −$4.8B | — | — |
| Net earnings | −$5.3B | — | — |
| Operating cash flow | $1.1B | +395% | — |
| Free cash flow | $238M | — | — |
What changed
Revenue was $23.3B in Q3 2025, up 30% year over year and up 2% from the previous quarter. Sales of products was the largest line at 84% of revenue. Sales of products added $5.1B year over year (up 35%), 94% of the total change.
Operating costs exceeded revenue by $4.8B, an operating margin of -20.5%. Total costs grew 19% against revenue growth of 30%. The fastest-growing cost line was General & admin (+40%). The quarter ended with a net loss of $5.3B, wider than the previous quarter's $0.61B loss.
Operating cash flow was $1.1B. Non-cash charges added back $0.49B of depreciation and amortization and $0.09B of share-based compensation. Working capital and other items added $5.9B. After additions to property, plant & equipment ($0.89B), free cash flow as the company reports it was $0.24B.
Questions
What was Boeing's revenue in the third quarter 2025?
Boeing (BA) reported revenue of $23.3B for the third quarter 2025 (Q3 2025), +30% from a year earlier and +2% from the quarter before.
Was Boeing profitable in the third quarter 2025?
Operating loss was $4.8B (-20.5% of revenue) and net loss $5.3B.
Source: Boeing 10-Q on SEC EDGAR.