Filing Flows › Creative Realities (CREX) › Q3 2025
Creative Realities (CREX) Q3 2025 earnings results (third quarter 2025)
10-Q filed Nov 12, 2025
Creative Realities (CREX) reported revenue of $10.5M for the third quarter 2025 (Q3 2025), -27% from a year earlier and -19% from the quarter before. Operating margin was -68.9%, net loss $7.9M (74.5% of revenue).
Creative Realities, Q3 2025: revenue $10.5M (-27% year over year), operating margin -68.9%, net loss $7.9M, operating cash flow −$1.6M. The chart follows the revenue to costs, profit and cash.
| Q3 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $10.5M | -19% | -27% |
| Operating profit | −$7.3M | — | — |
| Net earnings | −$7.9M | — | — |
| Operating cash flow | −$1.6M | -150% | — |
What changed
Revenue was $10.5M in Q3 2025, down 27% year over year and down 19% from the previous quarter. Managed Services was the largest line at 42% of revenue. Installation Services lost $1.8M year over year (down 62%), 46% of the total change.
Gross margin was 45.3%, down 0.3 points from a year earlier. Operating costs exceeded revenue by $7.3M, an operating margin of -68.9%. Operating expenses grew 121% against a revenue fall of 27%. The fastest-growing cost line was General & admin (+26%). The quarter ended with a net loss of $7.9M, wider than the previous quarter's $1.8M loss.
Operating cash flow was −$1.6M. Non-cash charges added back $287K of share-based compensation. Working capital and other items added $6.0M. Capital expenditures of $101K exceeded it, leaving free cash flow of −$1.7M.
Questions
What was Creative Realities' revenue in the third quarter 2025?
Creative Realities (CREX) reported revenue of $10.5M for the third quarter 2025 (Q3 2025), -27% from a year earlier and -19% from the quarter before.
Was Creative Realities profitable in the third quarter 2025?
Operating loss was $7.3M (-68.9% of revenue) and net loss $7.9M.
Source: Creative Realities 10-Q on SEC EDGAR.