Filing Flows › Graftech International (EAF) › Q2 2025
Graftech International (EAF) Q2 2025 earnings results (second quarter 2025)
10-Q filed Jul 25, 2025
Graftech International (EAF) reported revenue of $132M for the second quarter 2025 (Q2 2025), -4% from a year earlier and +18% from the quarter before. Operating margin was -11.0%, net loss $86.9M (65.9% of revenue).
Graftech International, Q2 2025: revenue $132M (-4% year over year), operating margin -11.0%, net loss $86.9M, operating cash flow −$53.2M. The chart follows the revenue to costs, profit and cash.
| Q2 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $132M | +18% | -4% |
| Operating profit | −$14.6M | — | — |
| Net earnings | −$86.9M | — | — |
| Operating cash flow | −$53.2M | — | — |
What changed
Revenue was $131.8M in Q2 2025, down 4% year over year and up 18% from the previous quarter. Graphite Electrodes was the largest line at 91% of revenue. Graphite Electrodes lost $5.4M year over year (down 4%), 98% of the total change.
Gross margin was 0.0%, down 2.8 points from a year earlier. Operating costs exceeded revenue by $14.6M, an operating margin of -11.0%. Operating expenses grew 120% against a revenue fall of 4%. The fastest-growing cost line was SG&A (+160%). The quarter ended with a net loss of $86.9M, wider than the previous quarter's $39.4M loss.
Operating cash flow was −$53.2M. Non-cash charges added back $15.6M of depreciation and amortization and $1.8M of share-based compensation. Working capital and other items added $16.3M. Capital expenditures of $3.9M exceeded it, leaving free cash flow of −$57.1M.
Questions
What was Graftech International's revenue in the second quarter 2025?
Graftech International (EAF) reported revenue of $132M for the second quarter 2025 (Q2 2025), -4% from a year earlier and +18% from the quarter before.
Was Graftech International profitable in the second quarter 2025?
Operating loss was $14.6M (-11.0% of revenue) and net loss $86.9M.