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Cars.com (CARS) Q3 2025 earnings results (third quarter 2025)

10-Q filed Nov 6, 2025

Cars.com (CARS) reported revenue of $182M for the third quarter 2025 (Q3 2025), +1% from a year earlier and +2% from the quarter before. Operating margin was 9.3%, net earnings $7.7M (4.2% of revenue).

Revenue$182M
Year over year+1%
Quarter over quarter+2%
Operating margin9.3%
Net earnings$7.7M

Cars.com, Q3 2025: revenue $182M (+1% year over year), operating margin 9.3%, net earnings $7.7M, operating cash flow $58.8M. The chart follows the revenue to costs, profit and cash.

Q3 2025AmountQ/QY/Y
Revenue$182M+2%+1%
Operating profit$16.8M+10%+47%
Net earnings$7.7M+9%-59%
Operating cash flow$58.8M+124%+9%
Free cash flow$52.6M—+11%

What changed

Revenue was $181.6M in Q3 2025, up 1% year over year and up 2% from the previous quarter.

Operating profit was $16.8M, a 9.3% margin (up 2.9 points year over year). Of the extra revenue versus a year earlier, 278% reached operating profit, above the 6% margin then. Total costs fell 2% while revenue rose 1%. The fastest-growing cost line was General & admin (+13%). Net earnings were $7.7M, down 59% year over year. The effective tax rate was 28.4%.

Operating cash flow was $58.8M (up 9% year over year), 768% of net earnings. Non-cash charges added back $23.5M of depreciation and amortization and $7.4M of share-based compensation. Working capital and other items added $20.3M. After capitalization of internally developed technology ($5.6M) and purchase of property and equipment ($559K), free cash flow as the company reports it was $52.6M.

Questions

What was Cars.com's revenue in the third quarter 2025?

Cars.com (CARS) reported revenue of $182M for the third quarter 2025 (Q3 2025), +1% from a year earlier and +2% from the quarter before.

Was Cars.com profitable in the third quarter 2025?

Operating profit was $16.8M (9.3% of revenue) and net earnings $7.7M.

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Source: Cars.com 10-Q on SEC EDGAR.