Filing Flows › Equitable Holdings (EQH) › Q3 2025
Equitable Holdings (EQH) Q3 2025 earnings results (third quarter 2025)
10-Q filed Nov 7, 2025
Equitable Holdings (EQH) reported revenue of $1.4B for the third quarter 2025 (Q3 2025), -53% from a year earlier and -39% from the quarter before. Operating margin was -93.0%, net loss $1.2B (83.8% of revenue).
Equitable Holdings, Q3 2025: revenue $1.4B (-53% year over year), operating margin -93.0%, net loss $1.2B, operating cash flow $369M. The chart follows the revenue to costs, profit and cash.
| Q3 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $1.4B | -39% | -53% |
| Operating profit | −$1.3B | — | — |
| Net earnings | −$1.2B | — | — |
| Operating cash flow | $369M | +8% | -46% |
What changed
Revenue was $1.4B in Q3 2025, down 53% year over year and down 39% from the previous quarter.
Operating costs exceeded revenue by $1.3B, an operating margin of -93.0%. Total costs fell 9% while revenue fell 53%. The quarter ended with a net loss of $1.2B, wider than the previous quarter's $0.28B loss.
Operating cash flow was $0.37B (down 46% year over year). Working capital and other items added $1.6B.
Questions
What was Equitable Holdings' revenue in the third quarter 2025?
Equitable Holdings (EQH) reported revenue of $1.4B for the third quarter 2025 (Q3 2025), -53% from a year earlier and -39% from the quarter before.
Was Equitable Holdings profitable in the third quarter 2025?
Operating loss was $1.3B (-93.0% of revenue) and net loss $1.2B.
Source: Equitable Holdings 10-Q on SEC EDGAR.