Filing Flows › Crawford (CRD-A) › Q3 2025
Crawford (CRD-A) Q3 2025 earnings results (third quarter 2025)
10-Q filed Nov 3, 2025
Crawford (CRD-A) reported revenue of $333M for the third quarter 2025 (Q3 2025), -3% from a year earlier and -0.5% from the quarter before. Operating margin was 6.2%, net earnings $12.4M (3.7% of revenue).
Crawford, Q3 2025: revenue $333M (-3% year over year), operating margin 6.2%, net earnings $12.4M, operating cash flow $30.6M. The chart follows the revenue to costs, profit and cash.
| Q3 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $333M | -0.5% | -3% |
| Operating profit | $20.6M | +28% | +20% |
| Net earnings | $12.4M | +58% | +32% |
| Operating cash flow | $30.6M | -12% | +58% |
| Free cash flow | $29.3M | -13% | +65% |
What changed
Revenue was $332.8M in Q3 2025, down 3% year over year and down 1% from the previous quarter. International Operations was the largest line at 34% of revenue. Platform Solutions lost $16.4M year over year (down 36%), 165% of the total change.
Operating profit was $20.6M, a 6.2% margin (up 1.2 points year over year). Total costs fell 4% while revenue fell 3%. Net earnings were $12.4M, up 31% year over year. The effective tax rate was 31.9%.
Operating cash flow was $30.6M (up 58% year over year), 247% of net earnings. Non-cash charges added back $10.1M of depreciation and amortization and $1.8M of share-based compensation. Working capital and other items added $6.4M. Capital expenditures of $1.4M left free cash flow of $29.3M.
Questions
What was Crawford's revenue in the third quarter 2025?
Crawford (CRD-A) reported revenue of $333M for the third quarter 2025 (Q3 2025), -3% from a year earlier and -0.5% from the quarter before.
Was Crawford profitable in the third quarter 2025?
Operating profit was $20.6M (6.2% of revenue) and net earnings $12.4M.
Source: Crawford 10-Q on SEC EDGAR.