Filing Flows › Crocs (CROX) › Q2 2025
Crocs (CROX) Q2 2025 earnings results (second quarter 2025)
10-Q filed Aug 7, 2025
Crocs (CROX) reported revenue of $1.1B for the second quarter 2025 (Q2 2025), +3% from a year earlier and +23% from the quarter before. Operating margin was -37.2%, net loss $492M (42.8% of revenue).
Crocs, Q2 2025: revenue $1.1B (+3% year over year), operating margin -37.2%, net loss $492M, operating cash flow $286M. The chart follows the revenue to costs, profit and cash.
| Q2 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $1.1B | +23% | +3% |
| Operating profit | −$428M | -292% | — |
| Net earnings | −$492M | -407% | — |
| Operating cash flow | $286M | — | -29% |
| Free cash flow | $269M | — | -30% |
What changed
Revenue was $1.1B in Q2 2025, up 3% year over year and up 23% from the previous quarter. Crocs Brand was the largest line at 83% of revenue. Crocs Brand added $0.05B year over year (up 5%), 120% of the total change. HEYDUDE Brand declined 4%.
Gross margin was 61.7%, up 0.3 points from a year earlier. Operating costs exceeded revenue by $0.43B, an operating margin of -37.2%. Operating expenses grew 219% against revenue growth of 3%. The quarter ended with a net loss of $0.49B, after a profit of $0.16B the previous quarter.
Operating cash flow was $0.29B (down 29% year over year). Non-cash charges added back $0.02B of depreciation and amortization and $0.01B of share-based compensation. Working capital and other items added $0.75B. After purchases of property, equipment, and software ($0.02B), free cash flow as the company reports it was $0.27B.
Questions
What was Crocs' revenue in the second quarter 2025?
Crocs (CROX) reported revenue of $1.1B for the second quarter 2025 (Q2 2025), +3% from a year earlier and +23% from the quarter before.
Was Crocs profitable in the second quarter 2025?
Operating loss was $428M (-37.2% of revenue) and net loss $492M.
Source: Crocs 10-Q on SEC EDGAR.