Filing Flows › Target Group (CBDY) › Q3 2025
Target Group (CBDY) Q3 2025 earnings results (third quarter 2025)
10-Q filed Nov 7, 2025
Target Group (CBDY) reported revenue of $500K for the third quarter 2025 (Q3 2025), -8% from a year earlier and -60% from the quarter before. Operating margin was -95.9%, net loss $479K (95.9% of revenue).
Target Group, Q3 2025: revenue $500K (-8% year over year), operating margin -95.9%, net loss $479K, operating cash flow −$506K. The chart follows the revenue to costs, profit and cash.
| Q3 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $500K | -60% | -8% |
| Operating profit | −$479K | — | — |
| Net earnings | −$479K | — | — |
| Operating cash flow | −$506K | -204% | — |
What changed
Revenue was $500K in Q3 2025, down 8% year over year and down 60% from the previous quarter.
Gross margin was 52.9%, down 15.1 points from a year earlier. Operating costs exceeded revenue by $479K, an operating margin of -95.9%. Operating expenses fell 17% while revenue fell 8%. The quarter ended with a net loss of $479K, wider than the previous quarter's $220K loss.
Operating cash flow was −$506K. Non-cash charges added back $228K of depreciation. Working capital and other items used $254K.
Questions
What was Target Group's revenue in the third quarter 2025?
Target Group (CBDY) reported revenue of $500K for the third quarter 2025 (Q3 2025), -8% from a year earlier and -60% from the quarter before.
Was Target Group profitable in the third quarter 2025?
Operating loss was $479K (-95.9% of revenue) and net loss $479K.
Source: Target Group 10-Q on SEC EDGAR.