Filing Flows › Traeger (COOK) › Q3 2025
Traeger (COOK) Q3 2025 earnings results (third quarter 2025)
10-Q filed Nov 6, 2025
Traeger (COOK) reported revenue of $125M for the third quarter 2025 (Q3 2025), +3% from a year earlier and -14% from the quarter before. Operating margin was -66.5%, net loss $89.8M (71.6% of revenue).
Traeger, Q3 2025: revenue $125M (+3% year over year), operating margin -66.5%, net loss $89.8M, operating cash flow $7.6M. The chart follows the revenue to costs, profit and cash.
| Q3 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $125M | -14% | +3% |
| Operating profit | −$83.4M | — | — |
| Net earnings | −$89.8M | — | — |
| Operating cash flow | $7.6M | -59% | -50% |
| Free cash flow | $6.4M | -59% | -50% |
What changed
Revenue was $125.4M in Q3 2025, up 3% year over year and down 14% from the previous quarter. Grills was the largest line at 61% of revenue. Consumables added $2.8M year over year (up 12%), 83% of the total change. Accessories declined 4%.
Gross margin was 38.7%, down 3.6 points from a year earlier. Operating costs exceeded revenue by $83.4M, an operating margin of -66.5%. Operating expenses grew 123% against revenue growth of 3%. The fastest-growing cost line was Other operating costs (+918%). The quarter ended with a net loss of $89.8M, wider than the previous quarter's $7.4M loss.
Operating cash flow was $7.6M (down 50% year over year). Non-cash charges added back $8.8M of depreciation and amortization and $3.3M of share-based compensation. Working capital and other items added $85.2M. Capital expenditures of $1.2M left free cash flow of $6.4M.
Questions
What was Traeger's revenue in the third quarter 2025?
Traeger (COOK) reported revenue of $125M for the third quarter 2025 (Q3 2025), +3% from a year earlier and -14% from the quarter before.
Was Traeger profitable in the third quarter 2025?
Operating loss was $83.4M (-66.5% of revenue) and net loss $89.8M.
Source: Traeger 10-Q on SEC EDGAR.