Filing Flows › Dyadic International (DYAI) › Q2 2025
Dyadic International (DYAI) Q2 2025 earnings results (second quarter 2025)
10-Q filed Aug 13, 2025
Dyadic International (DYAI) reported revenue of $967K for the second quarter 2025 (Q2 2025), +150% from a year earlier and +146% from the quarter before. Operating margin was -178.9%, net loss $1.8M (185.6% of revenue).
Dyadic International, Q2 2025: revenue $967K (+150% year over year), operating margin -178.9%, net loss $1.8M, operating cash flow −$130K. The chart follows the revenue to costs, profit and cash.
| Q2 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $967K | +146% | +150% |
| Operating profit | −$1.7M | — | — |
| Net earnings | −$1.8M | — | — |
| Operating cash flow | −$130K | — | — |
What changed
Revenue was $1.0M in Q2 2025, up 150% year over year and up 146% from the previous quarter. Grant was the largest line at 52% of revenue. Research and Development declined 45%.
Operating costs exceeded revenue by $1.7M, an operating margin of -178.9%. Total costs grew 11% against revenue growth of 150%. The fastest-growing cost line was Cost of revenue (+103%). The quarter ended with a net loss of $1.8M, narrower than the previous quarter's $2.0M loss.
Operating cash flow was −$130K. Non-cash charges added back $340K of share-based compensation. Working capital and other items added $1.3M.
Questions
What was Dyadic International's revenue in the second quarter 2025?
Dyadic International (DYAI) reported revenue of $967K for the second quarter 2025 (Q2 2025), +150% from a year earlier and +146% from the quarter before.
Was Dyadic International profitable in the second quarter 2025?
Operating loss was $1.7M (-178.9% of revenue) and net loss $1.8M.