Filing Flows › Babcock & Wilcox Enterprises (BW) › Q2 2025
Babcock & Wilcox Enterprises (BW) Q2 2025 earnings results (second quarter 2025)
10-Q filed Aug 11, 2025
Babcock & Wilcox Enterprises (BW) reported revenue of $139M for the second quarter 2025 (Q2 2025), -8% from a year earlier and -23% from the quarter before. Operating margin was 5.9%, net loss $58.5M (42.1% of revenue).
Babcock & Wilcox Enterprises, Q2 2025: revenue $139M (-8% year over year), operating margin 5.9%, net loss $58.5M, operating cash flow −$25.3M. The chart follows the revenue to costs, profit and cash.
| Q2 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $139M | -23% | -8% |
| Operating profit | $8.1M | +39% | — |
| Net earnings | −$58.5M | — | — |
| Operating cash flow | −$25.3M | — | — |
What changed
Revenue was $138.9M in Q2 2025, down 8% year over year and down 23% from the previous quarter.
Operating profit was $8.1M, a 5.9% margin (up 8.8 points year over year). Total costs fell 16% while revenue fell 8%. The quarter ended with a net loss of $58.5M, wider than the previous quarter's $22.0M loss. Net interest and other expense of $62.6M was the main reason.
Operating cash flow was −$25.3M. Non-cash charges added back $2.3M of depreciation and amortization and $728K of share-based compensation. Working capital and other items added $30.1M. Capital expenditures of $2.7M exceeded it, leaving free cash flow of −$28.1M.
Questions
What was Babcock & Wilcox Enterprises' revenue in the second quarter 2025?
Babcock & Wilcox Enterprises (BW) reported revenue of $139M for the second quarter 2025 (Q2 2025), -8% from a year earlier and -23% from the quarter before.
Was Babcock & Wilcox Enterprises profitable in the second quarter 2025?
Operating profit was $8.1M (5.9% of revenue) and net loss $58.5M.