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Cannapharmarx (CPMD) Q3 2025 earnings results (third quarter 2025)

10-Q filed Nov 14, 2025

Cannapharmarx (CPMD) reported revenue of $657K for the third quarter 2025 (Q3 2025), +110% from a year earlier and +183% from the quarter before. Operating margin was -142.5%, net loss $1.5M (225.1% of revenue).

Revenue$657K
Year over year+110%
Quarter over quarter+183%
Operating margin-142.5%
Net earnings−$1.5M

Cannapharmarx, Q3 2025: revenue $657K (+110% year over year), operating margin -142.5%, net loss $1.5M, operating cash flow −$803K. The chart follows the revenue to costs, profit and cash.

Q3 2025AmountQ/QY/Y
Revenue$657K+183%+110%
Operating profit−$936K——
Net earnings−$1.5M——
Operating cash flow−$803K——

What changed

Revenue was $657K in Q3 2025, up 110% year over year and up 183% from the previous quarter.

Operating costs exceeded revenue by $936K, an operating margin of -142.5%. Total costs grew 92% against revenue growth of 110%. The fastest-growing cost line was Other operating costs (+222%). The quarter ended with a net loss of $1.5M, wider than the previous quarter's $1.4M loss.

Operating cash flow was −$803K. Working capital and other items added $675K.

Questions

What was Cannapharmarx's revenue in the third quarter 2025?

Cannapharmarx (CPMD) reported revenue of $657K for the third quarter 2025 (Q3 2025), +110% from a year earlier and +183% from the quarter before.

Was Cannapharmarx profitable in the third quarter 2025?

Operating loss was $936K (-142.5% of revenue) and net loss $1.5M.

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Source: Cannapharmarx 10-Q on SEC EDGAR.