Filing Flows › Clearfield (CLFD) › Q3 FY25
Clearfield (CLFD) Q3 FY25 earnings results (third quarter fiscal 2025)
10-Q filed Aug 7, 2025
Clearfield (CLFD) reported revenue of $49.9M for the third quarter fiscal 2025 (Q3 FY25), +2% from a year earlier and +6% from the quarter before. Operating margin was 3.1%, net earnings $1.6M (3.2% of revenue).
Clearfield, Q3 FY25: revenue $49.9M (+2% year over year), operating margin 3.1%, net earnings $1.6M, operating cash flow $7.9M. The chart follows the revenue to costs, profit and cash.
| Q3 FY25 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $49.9M | +6% | +2% |
| Gross profit | $15.2M | +9% | +42% |
| Operating profit | $1.5M | +483% | — |
| Net earnings | $1.6M | +21% | — |
| Operating cash flow | $7.9M | +160% | +96% |
| Free cash flow | $7.4M | 19× | +163% |
What changed
Revenue was $49.9M in Q3 FY25, up 2% year over year and up 6% from the previous quarter.
Gross margin was 30.5%, up 8.6 points from a year earlier. Operating profit was $1.5M, a 3.1% margin (up 7.8 points year over year). Operating expenses grew 5% against revenue growth of 2%. Net earnings were $1.6M. The effective tax rate was 46.1%. Non-operating items added $1.5M, 49% of pre-tax earnings, so the bottom line overstates operating performance.
Operating cash flow was $7.9M (up 96% year over year), 493% of net earnings. Non-cash charges added back $1.9M of depreciation and amortization and $1.3M of share-based compensation. Working capital and other items added $3.1M. Capital expenditures of $499K left free cash flow of $7.4M.
Questions
What was Clearfield's revenue in the third quarter fiscal 2025?
Clearfield (CLFD) reported revenue of $49.9M for the third quarter fiscal 2025 (Q3 FY25), +2% from a year earlier and +6% from the quarter before.
Was Clearfield profitable in the third quarter fiscal 2025?
Operating profit was $1.5M (3.1% of revenue) and net earnings $1.6M.
Source: Clearfield 10-Q on SEC EDGAR.