Filing Flows › Calumet (CLMT) › Q2 2025
Calumet (CLMT) Q2 2025 earnings results (second quarter 2025)
10-Q filed Aug 8, 2025
Calumet (CLMT) reported revenue of $1.0B for the second quarter 2025 (Q2 2025), -9% from a year earlier and +3% from the quarter before. Operating margin was -9.8%, net loss $148M (14.4% of revenue).
Calumet, Q2 2025: revenue $1.0B (-9% year over year), operating margin -9.8%, net loss $148M, operating cash flow −$1.8M. The chart follows the revenue to costs, profit and cash.
| Q2 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $1.0B | +3% | -9% |
| Operating profit | −$101M | — | — |
| Net earnings | −$148M | — | — |
| Operating cash flow | −$1.8M | — | — |
What changed
Revenue was $1.0B in Q2 2025, down 9% year over year and up 3% from the previous quarter.
Operating costs exceeded revenue by $0.10B, an operating margin of -9.8%. The quarter ended with a net loss of $0.15B, narrower than the previous quarter's $0.16B loss.
Operating cash flow was −$1.8M. Non-cash charges added back $0.04B of depreciation and amortization and $4.5M of share-based compensation. Working capital and other items added $0.10B. Capital expenditures of $0.02B exceeded it, leaving free cash flow of −$0.02B.
Questions
What was Calumet's revenue in the second quarter 2025?
Calumet (CLMT) reported revenue of $1.0B for the second quarter 2025 (Q2 2025), -9% from a year earlier and +3% from the quarter before.
Was Calumet profitable in the second quarter 2025?
Operating loss was $101M (-9.8% of revenue) and net loss $148M.
Source: Calumet 10-Q on SEC EDGAR.