Filing Flows › Capstone Holding (CAPS) › Q2 2025
Capstone Holding (CAPS) Q2 2025 earnings results (second quarter 2025)
10-Q filed Aug 15, 2025
Capstone Holding (CAPS) reported revenue of $12.9M for the second quarter 2025 (Q2 2025), -0.3% from a year earlier and +63% from the quarter before. Operating margin was -2.0%, net loss $700K (5.4% of revenue).
Capstone Holding, Q2 2025: revenue $12.9M (-0.3% year over year), operating margin -2.0%, net loss $700K, operating cash flow −$1.7M. The chart follows the revenue to costs, profit and cash.
| Q2 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $12.9M | +63% | -0.3% |
| Operating profit | −$260K | — | — |
| Net earnings | −$700K | — | — |
| Operating cash flow | −$1.7M | — | — |
What changed
Revenue was $12.9M in Q2 2025, roughly flat year over year and up 63% from the previous quarter.
Gross margin was 24.4%, up 2.9 points from a year earlier. Operating costs exceeded revenue by $260K, an operating margin of -2.0%. Operating expenses grew 23% against flat revenue. The quarter ended with a net loss of $700K, narrower than the previous quarter's $1.7M loss. Net interest and other expense of $440K was the main reason.
Operating cash flow was −$1.7M. Non-cash charges added back $114K of depreciation and amortization. Working capital and other items used $1.1M. Capital expenditures of −$15K exceeded it, leaving free cash flow of −$1.7M.
Questions
What was Capstone Holding's revenue in the second quarter 2025?
Capstone Holding (CAPS) reported revenue of $12.9M for the second quarter 2025 (Q2 2025), -0.3% from a year earlier and +63% from the quarter before.
Was Capstone Holding profitable in the second quarter 2025?
Operating loss was $260K (-2.0% of revenue) and net loss $700K.
Source: Capstone Holding 10-Q on SEC EDGAR.