Filing Flows › Commercial Vehicle Group (CVGI) › Q3 2025
Commercial Vehicle Group (CVGI) Q3 2025 earnings results (third quarter 2025)
10-Q filed Nov 10, 2025
Commercial Vehicle Group (CVGI) reported revenue of $152M for the third quarter 2025 (Q3 2025), -11% from a year earlier and -11% from the quarter before. Operating margin was -0.7%, net loss $7.1M (4.6% of revenue).
Commercial Vehicle Group, Q3 2025: revenue $152M (-11% year over year), operating margin -0.7%, net loss $7.1M, operating cash flow −$1.7M. The chart follows the revenue to costs, profit and cash.
| Q3 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $152M | -11% | -11% |
| Operating profit | −$1.1M | -233% | — |
| Net earnings | −$7.1M | — | — |
| Operating cash flow | −$1.7M | -109% | — |
What changed
Revenue was $152.5M in Q3 2025, down 11% year over year and down 11% from the previous quarter. Seats was the largest line at 45% of revenue. Plastic & Trim components lost $10.9M year over year (down 29%), 57% of the total change.
Gross margin was 10.5%, up 1.0 points from a year earlier. Operating costs exceeded revenue by $1.1M, an operating margin of -0.7%. Operating expenses fell 2% while revenue fell 11%. The quarter ended with a net loss of $7.1M, wider than the previous quarter's $4.8M loss. Net interest and other expense of $5.3M was the main reason.
Operating cash flow was −$1.7M. Non-cash charges added back $3.7M of depreciation and amortization and $1.0M of share-based compensation. Working capital and other items added $627K. Capital expenditures of $1.8M exceeded it, leaving free cash flow of −$3.5M.
Questions
What was Commercial Vehicle Group's revenue in the third quarter 2025?
Commercial Vehicle Group (CVGI) reported revenue of $152M for the third quarter 2025 (Q3 2025), -11% from a year earlier and -11% from the quarter before.
Was Commercial Vehicle Group profitable in the third quarter 2025?
Operating loss was $1.1M (-0.7% of revenue) and net loss $7.1M.