Filing Flows › Ducommun (DCO) › Q3 2025
Ducommun (DCO) Q3 2025 earnings results (third quarter 2025)
10-Q filed Nov 6, 2025
Ducommun (DCO) reported revenue of $214M for the third quarter 2025 (Q3 2025), +6% from a year earlier and +7% from the quarter before. Operating margin was -35.1%, net loss $60.8M (28.4% of revenue).
Ducommun, Q3 2025: revenue $214M (+6% year over year), operating margin -35.1%, net loss $60.8M, operating cash flow $18.1M. The chart follows the revenue to costs, profit and cash.
| Q3 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $214M | +7% | +6% |
| Operating profit | −$75.3M | -525% | — |
| Net earnings | −$60.8M | -577% | — |
| Operating cash flow | $18.1M | -19% | +30% |
| Free cash flow | $16.0M | -12% | +34% |
What changed
Revenue was $214.4M in Q3 2025, up 6% year over year and up 7% from the previous quarter.
Gross margin was 27.5%, up 1.3 points from a year earlier. Operating costs exceeded revenue by $75.3M, an operating margin of -35.1%. Operating expenses grew 260% against revenue growth of 6%. The fastest-growing cost line was Other operating costs (+5111%). The quarter ended with a net loss of $60.8M, after a profit of $12.8M the previous quarter.
Operating cash flow was $18.1M (up 30% year over year). Non-cash charges added back $8.3M of depreciation and amortization and $4.1M of share-based compensation. Working capital and other items added $66.5M. Capital expenditures of $2.1M left free cash flow of $16.0M.
Questions
What was Ducommun's revenue in the third quarter 2025?
Ducommun (DCO) reported revenue of $214M for the third quarter 2025 (Q3 2025), +6% from a year earlier and +7% from the quarter before.
Was Ducommun profitable in the third quarter 2025?
Operating loss was $75.3M (-35.1% of revenue) and net loss $60.8M.
Source: Ducommun 10-Q on SEC EDGAR.