Filing Flows › Krispy Kreme (DNUT) › Q3 2025
Krispy Kreme (DNUT) Q3 2025 earnings results (third quarter 2025)
10-Q filed Nov 6, 2025
Krispy Kreme (DNUT) reported revenue of $375M for the third quarter 2025 (Q3 2025), -1% from a year earlier and -1% from the quarter before. Operating margin was -1.9%, net loss $20.1M (5.4% of revenue).
Krispy Kreme, Q3 2025: revenue $375M (-1% year over year), operating margin -1.9%, net loss $20.1M, operating cash flow $42.3M. The chart follows the revenue to costs, profit and cash.
| Q3 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $375M | -1% | -1% |
| Operating profit | −$7.2M | — | — |
| Net earnings | −$20.1M | — | — |
| Operating cash flow | $42.3M | — | 13× |
| Free cash flow | $15.5M | — | — |
What changed
Revenue was $375.3M in Q3 2025, down 1% year over year and down 1% from the previous quarter. Company Shops and DFD was the largest line at 95% of revenue. Company Shops and DFD lost $2.8M year over year (down 1%), 60% of the total change.
Operating costs exceeded revenue by $7.2M, an operating margin of -1.9%. Total costs fell 3% while revenue fell 1%. The quarter ended with a net loss of $20.1M, narrower than the previous quarter's $441.1M loss. Minority interests bore $687K of it: to shareholders the quarter was a loss of $19.4M. Net interest and other expense of $15.8M was the main reason.
Operating cash flow was $42.3M (up 1196% year over year). Non-cash charges added back $33.4M of depreciation and amortization and $774K of share-based compensation. Working capital and other items added $28.2M. Capital expenditures of $26.7M left free cash flow of $15.5M.
Questions
What was Krispy Kreme's revenue in the third quarter 2025?
Krispy Kreme (DNUT) reported revenue of $375M for the third quarter 2025 (Q3 2025), -1% from a year earlier and -1% from the quarter before.
Was Krispy Kreme profitable in the third quarter 2025?
Operating loss was $7.2M (-1.9% of revenue) and net loss $20.1M.
Source: Krispy Kreme 10-Q on SEC EDGAR.