Filing Flows › Cadre Holdings (CDRE) › Q2 2025
Cadre Holdings (CDRE) Q2 2025 earnings results (second quarter 2025)
10-Q filed Aug 5, 2025
Cadre Holdings (CDRE) reported revenue of $157M for the second quarter 2025 (Q2 2025), +9% from a year earlier and +21% from the quarter before. Operating margin was 9.3%, net earnings $12.2M (7.8% of revenue).
Cadre Holdings, Q2 2025: revenue $157M (+9% year over year), operating margin 9.3%, net earnings $12.2M, operating cash flow $2.6M. The chart follows the revenue to costs, profit and cash.
| Q2 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $157M | +21% | +9% |
| Gross profit | $64.2M | +14% | +10% |
| Operating profit | $14.7M | +8% | -26% |
| Net earnings | $12.2M | +32% | -3% |
| Operating cash flow | $2.6M | -85% | -77% |
| Free cash flow | $1.2M | -93% | -87% |
What changed
Revenue was $157.1M in Q2 2025, up 9% year over year and up 21% from the previous quarter.
Gross margin was 40.9%, up 0.3 points from a year earlier. Operating profit was $14.7M, a 9.3% margin (down 4.5 points year over year). Operating profit fell $5.3M even though revenue rose $12.8M versus a year earlier, so costs grew faster than sales. Operating expenses grew 28% against revenue growth of 9%. The fastest-growing cost line was Other operating costs (+3596%). Net earnings were $12.2M, down 3% year over year. The effective tax rate was 29.0%.
Operating cash flow was $2.6M (down 77% year over year), 21% of net earnings. Non-cash charges added back $4.7M of depreciation and amortization and $2.4M of share-based compensation. Working capital and other items used $16.7M. Capital expenditures of $1.4M left free cash flow of $1.2M.
Questions
What was Cadre Holdings' revenue in the second quarter 2025?
Cadre Holdings (CDRE) reported revenue of $157M for the second quarter 2025 (Q2 2025), +9% from a year earlier and +21% from the quarter before.
Was Cadre Holdings profitable in the second quarter 2025?
Operating profit was $14.7M (9.3% of revenue) and net earnings $12.2M.
Source: Cadre Holdings 10-Q on SEC EDGAR.