Filing Flows › Cohen (COHN) › Q3 2025
Cohen (COHN) Q3 2025 earnings results (third quarter 2025)
10-Q filed Nov 6, 2025
Cohen (COHN) reported revenue of $84.2M for the third quarter 2025 (Q3 2025), +166% from a year earlier and +41% from the quarter before. Operating margin was 25.8%, net earnings $4.6M (5.5% of revenue).
Cohen, Q3 2025: revenue $84.2M (+166% year over year), operating margin 25.8%, net earnings $4.6M, operating cash flow $22.4M. The chart follows the revenue to costs, profit and cash.
| Q3 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $84.2M | +41% | +166% |
| Operating profit | $21.8M | +190% | +201% |
| Net earnings | $4.6M | +226% | +114% |
| Operating cash flow | $22.4M | +68% | +445% |
| Free cash flow | $22.2M | +71% | +484% |
What changed
Revenue was $84.2M in Q3 2025, up 166% year over year and up 41% from the previous quarter.
Operating profit was $21.8M, a 25.8% margin (up 3.1 points year over year). Of the extra revenue versus a year earlier, 28% reached operating profit, above the 23% margin then. Total costs grew 155% against revenue growth of 166%. Net earnings were $4.6M, up 114% year over year. The effective tax rate was 7.7%.
Operating cash flow was $22.4M (up 445% year over year), 255% of net income including minority interests. Non-cash charges added back $183K of depreciation and amortization and $1.1M of share-based compensation. Working capital and other items added $12.4M. Capital expenditures of $253K left free cash flow of $22.2M.
Questions
What was Cohen's revenue in the third quarter 2025?
Cohen (COHN) reported revenue of $84.2M for the third quarter 2025 (Q3 2025), +166% from a year earlier and +41% from the quarter before.
Was Cohen profitable in the third quarter 2025?
Operating profit was $21.8M (25.8% of revenue) and net earnings $4.6M.
Source: Cohen 10-Q on SEC EDGAR.