Filing Flows › electroCore (ECOR) › Q3 2025
electroCore (ECOR) Q3 2025 earnings results (third quarter 2025)
10-Q filed Nov 5, 2025
electroCore (ECOR) reported revenue of $8.7M for the third quarter 2025 (Q3 2025), +33% from a year earlier and +18% from the quarter before. Operating margin was -33.2%, net loss $3.4M (39.2% of revenue).
electroCore, Q3 2025: revenue $8.7M (+33% year over year), operating margin -33.2%, net loss $3.4M, operating cash flow −$1.7M. The chart follows the revenue to costs, profit and cash.
| Q3 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $8.7M | +18% | +33% |
| Operating profit | −$2.9M | — | — |
| Net earnings | −$3.4M | — | — |
| Operating cash flow | −$1.7M | — | — |
What changed
Revenue was $8.7M in Q3 2025, up 33% year over year and up 18% from the previous quarter.
Gross margin was 86.0%, up 2.2 points from a year earlier. Operating costs exceeded revenue by $2.9M, an operating margin of -33.2%. Operating expenses grew 27% against revenue growth of 33%. The fastest-growing cost line was SG&A (+27%). The quarter ended with a net loss of $3.4M, narrower than the previous quarter's $3.7M loss.
Operating cash flow was −$1.7M. Non-cash charges added back $118K of depreciation and amortization and $415K of share-based compensation. Working capital and other items added $1.2M. Capital expenditures of $4K exceeded it, leaving free cash flow of −$1.7M.
Questions
What was electroCore's revenue in the third quarter 2025?
electroCore (ECOR) reported revenue of $8.7M for the third quarter 2025 (Q3 2025), +33% from a year earlier and +18% from the quarter before.
Was electroCore profitable in the third quarter 2025?
Operating loss was $2.9M (-33.2% of revenue) and net loss $3.4M.
Source: electroCore 10-Q on SEC EDGAR.