Filing Flows › Enovis (ENOV) › Q3 2025
Enovis (ENOV) Q3 2025 earnings results (third quarter 2025)
10-Q filed Nov 6, 2025
Enovis (ENOV) reported revenue of $549M for the third quarter 2025 (Q3 2025), +9% from a year earlier and -3% from the quarter before. Operating margin was -101.7%, net loss $571M (104.0% of revenue).
Enovis, Q3 2025: revenue $549M (+9% year over year), operating margin -101.7%, net loss $571M, operating cash flow $82.6M. The chart follows the revenue to costs, profit and cash.
| Q3 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $549M | -3% | +9% |
| Operating profit | −$558M | — | — |
| Net earnings | −$571M | — | — |
| Operating cash flow | $82.6M | +73% | +54% |
| Free cash flow | $29.1M | +755% | 12× |
What changed
Revenue was $548.9M in Q3 2025, up 9% year over year and down 3% from the previous quarter. Prevention & Recovery was the largest line at 53% of revenue. Reconstructive added $27.0M year over year (up 12%), 62% of the total change.
Gross margin was 59.9%, up 3.2 points from a year earlier. Operating costs exceeded revenue by $558.5M, an operating margin of -101.7%. Operating expenses grew 179% against revenue growth of 9%. The fastest-growing cost line was Other operating costs (+1141%). The quarter ended with a net loss of $570.9M, wider than the previous quarter's $36.5M loss.
Operating cash flow was $82.6M (up 54% year over year). Non-cash charges added back $74.4M of depreciation and amortization and $8.7M of share-based compensation. Working capital and other items added $570.4M. Capital expenditures of $53.5M left free cash flow of $29.1M.
Questions
What was Enovis' revenue in the third quarter 2025?
Enovis (ENOV) reported revenue of $549M for the third quarter 2025 (Q3 2025), +9% from a year earlier and -3% from the quarter before.
Was Enovis profitable in the third quarter 2025?
Operating loss was $558M (-101.7% of revenue) and net loss $571M.
Source: Enovis 10-Q on SEC EDGAR.