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CapsoVision (CV) Q2 2025 earnings results (second quarter 2025)

10-Q filed Aug 14, 2025

CapsoVision (CV) reported revenue of $3.3M for the second quarter 2025 (Q2 2025), +17% from a year earlier and +19% from the quarter before. Operating margin was -140.3%, net loss $4.6M (139.5% of revenue).

Revenue$3.3M
Year over year+17%
Quarter over quarter+19%
Operating margin-140.3%
Net earnings−$4.6M

CapsoVision, Q2 2025: revenue $3.3M (+17% year over year), operating margin -140.3%, net loss $4.6M, operating cash flow −$4.5M. The chart follows the revenue to costs, profit and cash.

Q2 2025AmountQ/QY/Y
Revenue$3.3M+19%+17%
Operating profit−$4.7M——
Net earnings−$4.6M——
Operating cash flow−$4.5M——

What changed

Revenue was $3.3M in Q2 2025, up 17% year over year and up 19% from the previous quarter.

Gross margin was 54.6%, down 1.4 points from a year earlier. Operating costs exceeded revenue by $4.7M, an operating margin of -140.3%. Operating expenses fell 6% while revenue rose 17%. The fastest-growing cost line was General & admin (+43%). The quarter ended with a net loss of $4.6M, narrower than the previous quarter's $5.4M loss.

Operating cash flow was −$4.5M. Non-cash charges added back $55K of depreciation and amortization and $170K of share-based compensation. Capital expenditures of $30K exceeded it, leaving free cash flow of −$4.6M.

Questions

What was CapsoVision's revenue in the second quarter 2025?

CapsoVision (CV) reported revenue of $3.3M for the second quarter 2025 (Q2 2025), +17% from a year earlier and +19% from the quarter before.

Was CapsoVision profitable in the second quarter 2025?

Operating loss was $4.7M (-140.3% of revenue) and net loss $4.6M.

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Source: CapsoVision 10-Q on SEC EDGAR.