Filing Flows › Dyadic International (DYAI) › Q3 2025
Dyadic International (DYAI) Q3 2025 earnings results (third quarter 2025)
10-Q filed Nov 12, 2025
Dyadic International (DYAI) reported revenue of $1.2M for the third quarter 2025 (Q3 2025), -41% from a year earlier and +20% from the quarter before. Operating margin was -165.3%, net loss $2.0M (169.7% of revenue).
Dyadic International, Q3 2025: revenue $1.2M (-40% year over year), operating margin -165.3%, net loss $2.0M, operating cash flow −$1.9M. The chart follows the revenue to costs, profit and cash.
| Q3 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $1.2M | +20% | -41% |
| Operating profit | −$1.9M | — | — |
| Net earnings | −$2.0M | — | — |
| Operating cash flow | −$1.9M | — | — |
What changed
Revenue was $1.2M in Q3 2025, down 41% year over year and up 20% from the previous quarter. Grant was the largest line at 70% of revenue. Research and Development lost $182K year over year (down 34%), 23% of the total change.
Operating costs exceeded revenue by $1.9M, an operating margin of -165.3%. Total costs grew 43% against a revenue fall of 41%. The fastest-growing cost line was Cost of revenue (+159%). The quarter ended with a net loss of $2.0M, wider than the previous quarter's $1.8M loss.
Operating cash flow was −$1.9M. Non-cash charges added back $172K of share-based compensation.
Questions
What was Dyadic International's revenue in the third quarter 2025?
Dyadic International (DYAI) reported revenue of $1.2M for the third quarter 2025 (Q3 2025), -41% from a year earlier and +20% from the quarter before.
Was Dyadic International profitable in the third quarter 2025?
Operating loss was $1.9M (-165.3% of revenue) and net loss $2.0M.