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Birchtech (BCHT) Q3 2025 earnings results (third quarter 2025)

10-Q filed Nov 13, 2025

Birchtech (BCHT) reported revenue of $7.4M for the third quarter 2025 (Q3 2025), +41% from a year earlier and +126% from the quarter before. Operating margin was 11.0%, net earnings $788K (10.7% of revenue).

Revenue$7.4M
Year over year+41%
Quarter over quarter+126%
Operating margin11.0%
Net earnings$788K

Birchtech, Q3 2025: revenue $7.4M (+41% year over year), operating margin 11.0%, net earnings $788K, operating cash flow $321K. The chart follows the revenue to costs, profit and cash.

Q3 2025AmountQ/QY/Y
Revenue$7.4M+126%+41%
Gross profit$4.0M+317%+153%
Operating profit$811K——
Net earnings$788K——
Operating cash flow$321K——
Free cash flow$314K——

What changed

Revenue was $7.4M in Q3 2025, up 41% year over year and up 126% from the previous quarter. Product Revenue was the largest line at 64% of revenue. License revenue added $2.5M year over year (up 1853%), 116% of the total change. Product Revenue declined 7%.

Gross margin was 54.8%, up 24.3 points from a year earlier. Operating profit was $811K, a 11.0% margin (up 32.2 points year over year). Operating expenses grew 19% against revenue growth of 41%. Net earnings were $788K. The effective tax rate was 0.1%.

Operating cash flow was $321K, 41% of net earnings. Non-cash charges added back $94K of depreciation and amortization and $20K of share-based compensation. Working capital and other items used $580K. Capital expenditures of $7K left free cash flow of $314K.

Questions

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

Birchtech (BCHT) reported revenue of $7.4M for the third quarter 2025 (Q3 2025), +41% from a year earlier and +126% from the quarter before.

Was Birchtech profitable in the third quarter 2025?

Operating profit was $811K (11.0% of revenue) and net earnings $788K.

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Source: Birchtech 10-Q on SEC EDGAR.