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CID Holdco (DAIC) Q2 2025 earnings results (second quarter 2025)

10-Q filed Aug 20, 2025

CID Holdco (DAIC) reported revenue of $127K for the second quarter 2025 (Q2 2025), +441% from a year earlier and -64% from the quarter before.

Revenue$127K
Year over year+441%
Quarter over quarter-64%
Operating margin—
Net earnings−$28.9M

CID Holdco, Q2 2025: revenue $127K (+441% year over year), net loss $28.9M, operating cash flow −$2.0M. The chart follows the revenue to costs, profit and cash.

Q2 2025AmountQ/QY/Y
Revenue$127K-64%+441%
Operating profit−$2.3M——
Net earnings−$28.9M——
Operating cash flow−$2.0M——

What changed

Revenue was $127K in Q2 2025, up 441% year over year and down 64% from the previous quarter.

Gross margin was 47.0%, down 25.5 points from a year earlier. Operating costs exceeded revenue by $2.3M, an operating margin of -1778.6%. Operating expenses grew 59% against revenue growth of 441%. The fastest-growing cost line was General & admin (+235%). The quarter ended with a net loss of $28.9M, wider than the previous quarter's $1.3M loss. Net interest and other expense of $26.6M was the main reason.

Operating cash flow was −$2.0M. Non-cash charges added back $5K of depreciation and $10K of share-based compensation. Working capital and other items added $26.8M.

Questions

What was CID Holdco's revenue in the second quarter 2025?

CID Holdco (DAIC) reported revenue of $127K for the second quarter 2025 (Q2 2025), +441% from a year earlier and -64% from the quarter before.

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Source: CID Holdco 10-Q on SEC EDGAR.