Filing Flows › Davita (DVA) › Q3 2025
Davita (DVA) Q3 2025 earnings results (third quarter 2025)
10-Q filed Oct 29, 2025
Davita (DVA) reported revenue of $3.4B for the third quarter 2025 (Q3 2025), +5% from a year earlier and +1% from the quarter before. Operating margin was 14.8%, net earnings $150M (4.4% of revenue).
Davita, Q3 2025: revenue $3.4B (+5% year over year), operating margin 14.8%, net earnings $150M, operating cash flow $842M. The chart follows the revenue to costs, profit and cash.
| Q3 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $3.4B | +1% | +5% |
| Operating profit | $506M | -6% | -5% |
| Net earnings | $150M | -25% | -30% |
| Operating cash flow | $842M | +160% | +4% |
| Free cash flow | $603M | — | — |
What changed
Revenue was $3.4B in Q3 2025, up 5% year over year and up 1% from the previous quarter. U. S. Dialysis and Related Lab Services was the largest line at 87% of revenue. Other - Ancillary Services added $0.08B year over year (up 21%), 50% of the total change.
Operating profit was $0.51B, a 14.8% margin (down 1.6 points year over year). Operating profit fell $0.03B even though revenue rose $0.16B versus a year earlier, so costs grew faster than sales. Total costs grew 7% against revenue growth of 5%. Net earnings were $0.15B, down 30% year over year. The effective tax rate was 22.2%.
Operating cash flow was $0.84B (up 4% year over year), 350% of net income including minority interests. Non-cash charges added back $0.18B of depreciation and amortization and $0.04B of share-based compensation. Working capital and other items added $0.38B. After maintenance capital expenditures, net ($0.11B) and distributions to noncontrolling interests ($0.08B) and development capital expenditures ($0.05B), free cash flow as the company reports it was $0.60B.
Questions
What was Davita's revenue in the third quarter 2025?
Davita (DVA) reported revenue of $3.4B for the third quarter 2025 (Q3 2025), +5% from a year earlier and +1% from the quarter before.
Was Davita profitable in the third quarter 2025?
Operating profit was $506M (14.8% of revenue) and net earnings $150M.
Source: Davita 10-Q on SEC EDGAR.