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Birchtech (BCHT) Q2 2025 earnings results (second quarter 2025)

10-Q filed Aug 14, 2025

Birchtech (BCHT) reported revenue of $3.3M for the second quarter 2025 (Q2 2025), -3% from a year earlier and +1% from the quarter before. Operating margin was -36.4%, net loss $1.5M (47.4% of revenue).

Revenue$3.3M
Year over year-3%
Quarter over quarter+1%
Operating margin-36.4%
Net earnings−$1.5M

Birchtech, Q2 2025: revenue $3.3M (-3% year over year), operating margin -36.4%, net loss $1.5M, operating cash flow −$1.7M. The chart follows the revenue to costs, profit and cash.

Q2 2025AmountQ/QY/Y
Revenue$3.3M+1%-3%
Operating profit−$1.2M——
Net earnings−$1.5M——
Operating cash flow−$1.7M——

What changed

Revenue was $3.3M in Q2 2025, down 3% year over year and up 1% from the previous quarter. Product Revenue was the largest line at 100% of revenue. Product Revenue lost $58K year over year (down 2%), 54% of the total change.

Gross margin was 29.8%, down 1.8 points from a year earlier. Operating costs exceeded revenue by $1.2M, an operating margin of -36.4%. Operating expenses fell 54% while revenue fell 3%. The quarter ended with a net loss of $1.5M, narrower than the previous quarter's $1.7M loss.

Operating cash flow was −$1.7M. Non-cash charges added back $92K of depreciation and amortization and $19K of share-based compensation. Working capital and other items used $301K. Capital expenditures of $2K exceeded it, leaving free cash flow of −$1.7M.

Questions

What was Birchtech's revenue in the second quarter 2025?

Birchtech (BCHT) reported revenue of $3.3M for the second quarter 2025 (Q2 2025), -3% from a year earlier and +1% from the quarter before.

Was Birchtech profitable in the second quarter 2025?

Operating loss was $1.2M (-36.4% of revenue) and net loss $1.5M.

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Source: Birchtech 10-Q on SEC EDGAR.