Filing Flows › Traeger (COOK) › Q2 2025
Traeger (COOK) Q2 2025 earnings results (second quarter 2025)
10-Q filed Aug 7, 2025
Traeger (COOK) reported revenue of $145M for the second quarter 2025 (Q2 2025), -14% from a year earlier and +2% from the quarter before. Operating margin was -4.2%, net loss $7.4M (5.1% of revenue).
Traeger, Q2 2025: revenue $145M (-14% year over year), operating margin -4.2%, net loss $7.4M, operating cash flow $18.3M. The chart follows the revenue to costs, profit and cash.
| Q2 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $145M | +2% | -14% |
| Operating profit | −$6.1M | -279% | — |
| Net earnings | −$7.4M | — | — |
| Operating cash flow | $18.3M | — | +32% |
| Free cash flow | $15.7M | — | +33% |
What changed
Revenue was $145.5M in Q2 2025, down 14% year over year and up 2% from the previous quarter. Grills was the largest line at 51% of revenue. Grills lost $20.8M year over year (down 22%), 90% of the total change.
Gross margin was 39.2%, down 3.8 points from a year earlier. Operating costs exceeded revenue by $6.1M, an operating margin of -4.2%. Operating expenses fell 7% while revenue fell 14%. The fastest-growing cost line was Other operating costs (+39%). The quarter ended with a net loss of $7.4M, wider than the previous quarter's $778K loss.
Operating cash flow was $18.3M (up 32% year over year). Non-cash charges added back $8.8M of depreciation and amortization and $4.0M of share-based compensation. Working capital and other items added $12.9M. Capital expenditures of $2.6M left free cash flow of $15.7M.
Questions
What was Traeger's revenue in the second quarter 2025?
Traeger (COOK) reported revenue of $145M for the second quarter 2025 (Q2 2025), -14% from a year earlier and +2% from the quarter before.
Was Traeger profitable in the second quarter 2025?
Operating loss was $6.1M (-4.2% of revenue) and net loss $7.4M.
Source: Traeger 10-Q on SEC EDGAR.