Filing Flows › DOW (DOW) › Q2 2025
DOW (DOW) Q2 2025 earnings results (second quarter 2025)
10-Q filed Jul 25, 2025
DOW (DOW) reported revenue of $10.1B for the second quarter 2025 (Q2 2025), -7% from a year earlier and -3% from the quarter before. Operating margin was -6.5%, net loss $801M (7.9% of revenue).
DOW, Q2 2025: revenue $10.1B (-7% year over year), operating margin -6.5%, net loss $801M, operating cash flow −$470M. The chart follows the revenue to costs, profit and cash.
| Q2 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $10.1B | -3% | -7% |
| Operating profit | −$659M | — | — |
| Net earnings | −$801M | — | — |
| Operating cash flow | −$470M | — | — |
What changed
Revenue was $10.1B in Q2 2025, down 7% year over year and down 3% from the previous quarter. Packaging & Specialty Plastics was the largest line at 50% of revenue. Packaging & Specialty Plastics lost $0.49B year over year (down 9%), 60% of the total change.
Operating costs exceeded revenue by $0.66B, an operating margin of -6.5%. Total costs grew 4% against a revenue fall of 7%. The fastest-growing cost line was Other operating costs (+444%). The quarter ended with a net loss of $0.80B, wider than the previous quarter's $0.29B loss.
Operating cash flow was −$0.47B. Non-cash charges added back $0.72B of depreciation and amortization. Working capital and other items used $0.39B. Capital expenditures of $0.66B exceeded it, leaving free cash flow of −$1.1B.
Questions
What was DOW's revenue in the second quarter 2025?
DOW (DOW) reported revenue of $10.1B for the second quarter 2025 (Q2 2025), -7% from a year earlier and -3% from the quarter before.
Was DOW profitable in the second quarter 2025?
Operating loss was $659M (-6.5% of revenue) and net loss $801M.
Source: DOW 10-Q on SEC EDGAR.