Filing Flows › Elutia (ELUT) › Q2 2025
Elutia (ELUT) Q2 2025 earnings results (second quarter 2025)
10-Q filed Aug 14, 2025
Elutia (ELUT) reported revenue of $6.3M for the second quarter 2025 (Q2 2025), -0.4% from a year earlier and +4% from the quarter before. Operating margin was -157.7%, net loss $9.6M (153.4% of revenue).
Elutia, Q2 2025: revenue $6.3M (-0.4% year over year), operating margin -157.7%, net loss $9.6M, operating cash flow −$8.2M. The chart follows the revenue to costs, profit and cash.
| Q2 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $6.3M | +4% | -0.4% |
| Operating profit | −$9.9M | — | — |
| Net earnings | −$9.6M | — | — |
| Operating cash flow | −$8.2M | — | — |
What changed
Revenue was $6.3M in Q2 2025, roughly flat year over year and up 4% from the previous quarter.
Gross margin was 48.8%, up 4.3 points from a year earlier. Operating costs exceeded revenue by $9.9M, an operating margin of -157.7%. Operating expenses grew 14% against flat revenue. The fastest-growing cost line was Other operating costs (+81%). The quarter ended with a net loss of $9.6M, wider than the previous quarter's $3.9M loss.
Operating cash flow was −$8.2M. Non-cash charges added back $892K of depreciation and amortization and $1.1M of share-based compensation. Working capital and other items used $659K. Capital expenditures of $114K exceeded it, leaving free cash flow of −$8.3M.
Questions
What was Elutia's revenue in the second quarter 2025?
Elutia (ELUT) reported revenue of $6.3M for the second quarter 2025 (Q2 2025), -0.4% from a year earlier and +4% from the quarter before.
Was Elutia profitable in the second quarter 2025?
Operating loss was $9.9M (-157.7% of revenue) and net loss $9.6M.
Source: Elutia 10-Q on SEC EDGAR.