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Columbia Sportswear (COLM) Q2 2025 earnings results (second quarter 2025)

10-Q filed Aug 7, 2025

Columbia Sportswear (COLM) reported revenue of $605M for the second quarter 2025 (Q2 2025), +6% from a year earlier and -22% from the quarter before. Operating margin was -3.9%, net loss $10.2M (1.7% of revenue).

Revenue$605M
Year over year+6%
Quarter over quarter-22%
Operating margin-3.9%
Net earnings−$10.2M

Columbia Sportswear, Q2 2025: revenue $605M (+6% year over year), operating margin -3.9%, net loss $10.2M, operating cash flow −$30.8M. The chart follows the revenue to costs, profit and cash.

Q2 2025AmountQ/QY/Y
Revenue$605M-22%+6%
Operating profit−$23.6M-151%—
Net earnings−$10.2M-124%—
Operating cash flow−$30.8M——

What changed

Revenue was $605.2M in Q2 2025, up 6% year over year and down 22% from the previous quarter. Apparel, Accessories and Equipment was the largest line at 82% of revenue. Apparel, Accessories and Equipment added $30.4M year over year (up 7%), 87% of the total change.

Gross margin was 49.1%, up 1.1 points from a year earlier. Operating costs exceeded revenue by $23.6M, an operating margin of -3.9%. Operating expenses grew 8% against revenue growth of 6%. The quarter ended with a net loss of $10.2M, after a profit of $42.2M the previous quarter. Non-operating items added $7.0M, -42% of pre-tax earnings, so the bottom line overstates operating performance.

Operating cash flow was −$30.8M. Non-cash charges added back $14.5M of depreciation and amortization and $6.6M of share-based compensation. Working capital and other items used $41.7M. Capital expenditures of $14.5M exceeded it, leaving free cash flow of −$45.3M.

Questions

What was Columbia Sportswear's revenue in the second quarter 2025?

Columbia Sportswear (COLM) reported revenue of $605M for the second quarter 2025 (Q2 2025), +6% from a year earlier and -22% from the quarter before.

Was Columbia Sportswear profitable in the second quarter 2025?

Operating loss was $23.6M (-3.9% of revenue) and net loss $10.2M.

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Source: Columbia Sportswear 10-Q on SEC EDGAR.