Filing Flows › Clene (CLNN) › Q3 2025
Clene (CLNN) Q3 2025 earnings results (third quarter 2025)
10-Q filed Nov 13, 2025
Clene (CLNN) reported revenue of $15K for the third quarter 2025 (Q3 2025), -83% from a year earlier and -44% from the quarter before.
Clene, Q3 2025: revenue $15K (-83% year over year), net loss $8.8M, operating cash flow −$4.0M. The chart follows the revenue to costs, profit and cash.
| Q3 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $15K | -44% | -83% |
| Operating profit | −$5.6M | — | — |
| Net earnings | −$8.8M | — | — |
| Operating cash flow | −$4.0M | — | — |
What changed
Revenue was $15K in Q3 2025, down 83% year over year and down 44% from the previous quarter.
Operating costs exceeded revenue by $5.6M, an operating margin of -37653.3%. Total costs fell 28% while revenue fell 83%. The quarter ended with a net loss of $8.8M, wider than the previous quarter's $7.4M loss.
Operating cash flow was −$4.0M. Non-cash charges added back $365K of depreciation and $1.7M of share-based compensation. Working capital and other items added $2.7M. Capital expenditures of $11K exceeded it, leaving free cash flow of −$4.0M.
Questions
What was Clene's revenue in the third quarter 2025?
Clene (CLNN) reported revenue of $15K for the third quarter 2025 (Q3 2025), -83% from a year earlier and -44% from the quarter before.
Source: Clene 10-Q on SEC EDGAR.