Filing Flows › Ecovyst (ECVT) › Q3 2025
Ecovyst (ECVT) Q3 2025 earnings results (third quarter 2025)
10-Q filed Nov 5, 2025
Ecovyst (ECVT) reported revenue of $205M for the third quarter 2025 (Q3 2025), +33% from a year earlier and +2% from the quarter before. Operating margin was 13.8%, net loss $79.3M (38.7% of revenue).
Ecovyst, Q3 2025: revenue $205M (+33% year over year), operating margin 13.8%, net loss $79.3M, operating cash flow $55.3M. The chart follows the revenue to costs, profit and cash.
| Q3 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $205M | +2% | +33% |
| Operating profit | $28.3M | +59% | — |
| Net earnings | −$79.3M | -1424% | — |
| Operating cash flow | $55.3M | +67% | -8% |
| Free cash flow | $53.2M | +585% | -0.8% |
What changed
Revenue was $204.9M in Q3 2025, up 33% year over year and up 2% from the previous quarter. Regeneration and treatment services was the largest line at 48% of revenue. Industrial, mining & automotive added $43.1M year over year (up 81%), 85% of the total change. Other declined 2%.
Gross margin was 25.4%, down 3.9 points from a year earlier. Operating profit was $28.3M, a 13.8% margin (down 4.1 points year over year). Of the extra revenue versus a year earlier, 1% reached operating profit, below the 18% margin then. Operating expenses grew 35% against revenue growth of 33%. The fastest-growing cost line was Other operating costs (+237%). The quarter ended with a net loss of $79.3M, after a profit of $6.0M the previous quarter. Net interest and other expense of $87.3M was the main reason.
Operating cash flow was $55.3M (down 8% year over year). Non-cash charges added back $12.1M of depreciation and amortization and $1.1M of share-based compensation. Working capital and other items added $121.3M. Capital expenditures of $2.1M left free cash flow of $53.2M.
Questions
What was Ecovyst's revenue in the third quarter 2025?
Ecovyst (ECVT) reported revenue of $205M for the third quarter 2025 (Q3 2025), +33% from a year earlier and +2% from the quarter before.
Was Ecovyst profitable in the third quarter 2025?
Operating profit was $28.3M (13.8% of revenue) and net loss $79.3M.
Source: Ecovyst 10-Q on SEC EDGAR.