Filing Flows › CVD Equipment (CVV) › Q3 2025
CVD Equipment (CVV) Q3 2025 earnings results (third quarter 2025)
10-Q filed Nov 10, 2025
CVD Equipment (CVV) reported revenue of $7.4M for the third quarter 2025 (Q3 2025), -10% from a year earlier and +45% from the quarter before. Operating margin was 4.2%, net earnings $384K (5.2% of revenue).
CVD Equipment, Q3 2025: revenue $7.4M (-10% year over year), operating margin 4.2%, net earnings $384K, operating cash flow $1.4M. The chart follows the revenue to costs, profit and cash.
| Q3 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $7.4M | +45% | -10% |
| Gross profit | $2.4M | +126% | +37% |
| Operating profit | $308K | — | +300% |
| Net earnings | $384K | — | +89% |
| Operating cash flow | $1.4M | — | 42× |
What changed
Revenue was $7.4M in Q3 2025, down 10% year over year and up 45% from the previous quarter. Research was the largest line at 37% of revenue. Aerospace lost $2.9M year over year (down 60%), 364% of the total change.
Gross margin was 32.7%, up 11.2 points from a year earlier. Operating profit was $308K, a 4.2% margin (up 3.2 points year over year). Operating expenses grew 25% against a revenue fall of 10%. Net earnings were $384K, up 89% year over year. The effective tax rate was 0.0%.
Operating cash flow was $1.4M (up 4141% year over year), 353% of net earnings. Non-cash charges added back $163K of depreciation and amortization and $210K of share-based compensation. Working capital and other items added $600K.
Questions
What was CVD Equipment's revenue in the third quarter 2025?
CVD Equipment (CVV) reported revenue of $7.4M for the third quarter 2025 (Q3 2025), -10% from a year earlier and +45% from the quarter before.
Was CVD Equipment profitable in the third quarter 2025?
Operating profit was $308K (4.2% of revenue) and net earnings $384K.
Source: CVD Equipment 10-Q on SEC EDGAR.