Filing Flows › Coronado Global Resources (CODQL) › Q3 2025
Coronado Global Resources (CODQL) Q3 2025 earnings results (third quarter 2025)
10-Q filed Nov 10, 2025
Coronado Global Resources (CODQL) reported revenue of $482M for the third quarter 2025 (Q3 2025), -21% from a year earlier and +3% from the quarter before. Operating margin was -14.9%, net loss $109M (22.7% of revenue).
Coronado Global Resources, Q3 2025: revenue $482M (-21% year over year), operating margin -14.9%, net loss $109M, operating cash flow $14.8M. The chart follows the revenue to costs, profit and cash.
| Q3 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $482M | +3% | -21% |
| Operating profit | −$71.9M | — | — |
| Net earnings | −$109M | — | — |
| Operating cash flow | $14.8M | -81% | 39× |
What changed
Revenue was $482.1M in Q3 2025, down 21% year over year and up 3% from the previous quarter. Metallurgical Coal was the largest line at 89% of revenue. Metallurgical Coal lost $140.4M year over year (down 25%), 111% of the total change.
Operating costs exceeded revenue by $71.9M, an operating margin of -14.9%. Total costs fell 18% while revenue fell 21%. The quarter ended with a net loss of $109.5M, wider than the previous quarter's $76.2M loss.
Operating cash flow was $14.8M (up 3816% year over year). Non-cash charges added back $49.2M of depreciation and amortization. Working capital and other items added $75.0M. Capital expenditures of $59.5M exceeded it, leaving free cash flow of −$44.7M.
Questions
What was Coronado Global Resources' revenue in the third quarter 2025?
Coronado Global Resources (CODQL) reported revenue of $482M for the third quarter 2025 (Q3 2025), -21% from a year earlier and +3% from the quarter before.
Was Coronado Global Resources profitable in the third quarter 2025?
Operating loss was $71.9M (-14.9% of revenue) and net loss $109M.