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Cirtran (CIRX) Q3 2025 earnings results (third quarter 2025)

10-Q filed Nov 20, 2025

Cirtran (CIRX) reported revenue of $448K for the third quarter 2025 (Q3 2025), +75% from a year earlier and +166% from the quarter before. Operating margin was -37.1%, net loss $420K (93.6% of revenue).

Revenue$448K
Year over year+75%
Quarter over quarter+166%
Operating margin-37.1%
Net earnings−$420K

Cirtran, Q3 2025: revenue $448K (+75% year over year), operating margin -37.1%, net loss $420K, operating cash flow −$405K. The chart follows the revenue to costs, profit and cash.

Q3 2025AmountQ/QY/Y
Revenue$448K+166%+75%
Operating profit−$167K——
Net earnings−$420K——
Operating cash flow−$405K——

What changed

Revenue was $448K in Q3 2025, up 75% year over year and up 166% from the previous quarter.

Gross margin was 39.6%, down 9.6 points from a year earlier. Operating costs exceeded revenue by $167K, an operating margin of -37.1%. Operating expenses fell 1% while revenue rose 75%. The fastest-growing cost line was Other operating costs (+10%). The quarter ended with a net loss of $420K, narrower than the previous quarter's $563K loss. Net interest and other expense of $288K was the main reason.

Operating cash flow was −$405K. Non-cash charges added back $0K of depreciation.

Questions

What was Cirtran's revenue in the third quarter 2025?

Cirtran (CIRX) reported revenue of $448K for the third quarter 2025 (Q3 2025), +75% from a year earlier and +166% from the quarter before.

Was Cirtran profitable in the third quarter 2025?

Operating loss was $167K (-37.1% of revenue) and net loss $420K.

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Source: Cirtran 10-Q on SEC EDGAR.