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Clarus (CLAR) Q3 2025 earnings results (third quarter 2025)

10-Q filed Nov 6, 2025

Clarus (CLAR) reported revenue of $69.3M for the third quarter 2025 (Q3 2025), +3% from a year earlier and +26% from the quarter before. Operating margin was -4.4%, net loss $1.6M (2.3% of revenue).

Revenue$69.3M
Year over year+3%
Quarter over quarter+26%
Operating margin-4.4%
Net earnings−$1.6M

Clarus, Q3 2025: revenue $69.3M (+3% year over year), operating margin -4.4%, net loss $1.6M, operating cash flow −$5.7M. The chart follows the revenue to costs, profit and cash.

Q3 2025AmountQ/QY/Y
Revenue$69.3M+26%+3%
Operating profit−$3.0M——
Net earnings−$1.6M——
Operating cash flow−$5.7M——

What changed

Revenue was $69.3M in Q3 2025, up 3% year over year and up 26% from the previous quarter.

Gross margin was 35.1%, up 0.1 points from a year earlier. Operating costs exceeded revenue by $3.0M, an operating margin of -4.4%. Operating expenses fell 5% while revenue rose 3%. The fastest-growing cost line was Other operating costs (+27%). The quarter ended with a net loss of $1.6M, narrower than the previous quarter's $8.4M loss. Net interest and other expense of $835K was the main reason.

Operating cash flow was −$5.7M. Non-cash charges added back $3.0M of depreciation and amortization and $1.5M of share-based compensation. Working capital and other items used $8.7M. Capital expenditures of $1.2M exceeded it, leaving free cash flow of −$7.0M.

Questions

What was Clarus' revenue in the third quarter 2025?

Clarus (CLAR) reported revenue of $69.3M for the third quarter 2025 (Q3 2025), +3% from a year earlier and +26% from the quarter before.

Was Clarus profitable in the third quarter 2025?

Operating loss was $3.0M (-4.4% of revenue) and net loss $1.6M.

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Source: Clarus 10-Q on SEC EDGAR.