Filing Flows › Establishment Labs Holdings (ESTA) › Q3 2025
Establishment Labs Holdings (ESTA) Q3 2025 earnings results (third quarter 2025)
10-Q filed Nov 7, 2025
Establishment Labs Holdings (ESTA) reported revenue of $53.8M for the third quarter 2025 (Q3 2025), +34% from a year earlier and +5% from the quarter before. Operating margin was -7.5%, net loss $11.1M (20.7% of revenue).
Establishment Labs Holdings, Q3 2025: revenue $53.8M (+34% year over year), operating margin -7.5%, net loss $11.1M, operating cash flow −$11.2M. The chart follows the revenue to costs, profit and cash.
| Q3 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $53.8M | +5% | +34% |
| Operating profit | −$4.0M | — | — |
| Net earnings | −$11.1M | — | — |
| Operating cash flow | −$11.2M | — | — |
What changed
Revenue was $53.8M in Q3 2025, up 34% year over year and up 5% from the previous quarter.
Gross margin was 70.1%, up 6.2 points from a year earlier. Operating costs exceeded revenue by $4.0M, an operating margin of -7.5%. Operating expenses grew 7% against revenue growth of 34%. The quarter ended with a net loss of $11.1M, narrower than the previous quarter's $16.6M loss. Net interest and other expense of $6.7M was the main reason.
Operating cash flow was −$11.2M. Non-cash charges added back $1.5M of depreciation and amortization and $2.7M of share-based compensation. Working capital and other items used $4.3M. Capital expenditures of $1.8M exceeded it, leaving free cash flow of −$13.1M.
Questions
What was Establishment Labs Holdings' revenue in the third quarter 2025?
Establishment Labs Holdings (ESTA) reported revenue of $53.8M for the third quarter 2025 (Q3 2025), +34% from a year earlier and +5% from the quarter before.
Was Establishment Labs Holdings profitable in the third quarter 2025?
Operating loss was $4.0M (-7.5% of revenue) and net loss $11.1M.