Filing Flows › Bassett Furniture Industries (BSET) › Q3 FY25
Bassett Furniture Industries (BSET) Q3 FY25 earnings results (third quarter fiscal 2025)
10-Q filed Oct 8, 2025
Bassett Furniture Industries (BSET) reported revenue of $80.1M for the third quarter fiscal 2025 (Q3 FY25), +6% from a year earlier and -5% from the quarter before. Operating margin was 0.7%, net earnings $801K (1.0% of revenue).
Bassett Furniture Industries, Q3 FY25: revenue $80.1M (+6% year over year), operating margin 0.7%, net earnings $801K, operating cash flow −$1.2M. The chart follows the revenue to costs, profit and cash.
| Q3 FY25 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $80.1M | -5% | +6% |
| Gross profit | $45.0M | -4% | +12% |
| Operating profit | $593K | -76% | — |
| Net earnings | $801K | -58% | — |
| Operating cash flow | −$1.2M | -117% | — |
What changed
Revenue was $80.1M in Q3 FY25, up 6% year over year and down 5% from the previous quarter. Bassett Custom Upholstery was the largest line at 59% of revenue. Bassett Custom Upholstery added $4.2M year over year (up 10%), 93% of the total change. Accessories, Mattresses and Other declined 12%.
Gross margin was 56.2%, up 3.2 points from a year earlier. Operating profit was $593K, a 0.7% margin (up 9.1 points year over year). Operating expenses fell 4% while revenue rose 6%. Net earnings were $801K. The effective tax rate was 26.8%. Non-operating items added $502K, 46% of pre-tax earnings, so the bottom line overstates operating performance.
Operating cash flow was −$1.2M. Non-cash charges added back $2.1M of depreciation and amortization. Working capital and other items used $4.1M. Capital expenditures of $1.5M exceeded it, leaving free cash flow of −$2.6M.
Questions
What was Bassett Furniture Industries' revenue in the third quarter fiscal 2025?
Bassett Furniture Industries (BSET) reported revenue of $80.1M for the third quarter fiscal 2025 (Q3 FY25), +6% from a year earlier and -5% from the quarter before.
Was Bassett Furniture Industries profitable in the third quarter fiscal 2025?
Operating profit was $593K (0.7% of revenue) and net earnings $801K.