Filing Flows › Bellring Brands (BRBR) › Q3 FY25
Bellring Brands (BRBR) Q3 FY25 earnings results (third quarter fiscal 2025)
10-Q filed Aug 5, 2025
Bellring Brands (BRBR) reported revenue of $548M for the third quarter fiscal 2025 (Q3 FY25), +6% from a year earlier and -7% from the quarter before. Operating margin was 8.2%, net earnings $21.0M (3.8% of revenue).
Bellring Brands, Q3 FY25: revenue $548M (+6% year over year), operating margin 8.2%, net earnings $21.0M, operating cash flow $40.3M. The chart follows the revenue to costs, profit and cash.
| Q3 FY25 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $548M | -7% | +6% |
| Gross profit | $194M | +2% | +2% |
| Operating profit | $44.8M | -53% | -60% |
| Net earnings | $21.0M | -64% | -72% |
| Operating cash flow | $40.3M | -16% | -42% |
| Free cash flow | $38.5M | -19% | -44% |
What changed
Revenue was $547.5M in Q3 FY25, up 6% year over year and down 7% from the previous quarter. Shakes was the largest line at 80% of revenue. Shakes added $26.1M year over year (up 6%), 81% of the total change.
Gross margin was 35.4%, down 1.5 points from a year earlier. Operating profit was $44.8M, a 8.2% margin (down 13.5 points year over year). Operating profit fell $66.8M even though revenue rose $32.1M versus a year earlier, so costs grew faster than sales. Operating expenses grew 90% against revenue growth of 6%. The fastest-growing cost line was SG&A (+95%). Net earnings were $21.0M, down 72% year over year. The effective tax rate was 20.5%.
Operating cash flow was $40.3M (down 42% year over year), 192% of net earnings. Non-cash charges added back $4.6M of depreciation and amortization and $5.2M of share-based compensation. Working capital and other items added $9.5M. Capital expenditures of $1.8M left free cash flow of $38.5M.
Questions
What was Bellring Brands' revenue in the third quarter fiscal 2025?
Bellring Brands (BRBR) reported revenue of $548M for the third quarter fiscal 2025 (Q3 FY25), +6% from a year earlier and -7% from the quarter before.
Was Bellring Brands profitable in the third quarter fiscal 2025?
Operating profit was $44.8M (8.2% of revenue) and net earnings $21.0M.
Source: Bellring Brands 10-Q on SEC EDGAR.