Filing Flows › HWH International (ESYN) › Q3 2025
HWH International (ESYN) Q3 2025 earnings results (third quarter 2025)
10-Q filed Oct 22, 2025
HWH International (ESYN) reported revenue of $207K for the third quarter 2025 (Q3 2025), -40% from a year earlier and -33% from the quarter before. Operating margin was -142.7%, net loss $300K (144.9% of revenue).
HWH International, Q3 2025: revenue $207K (-40% year over year), operating margin -142.7%, net loss $300K, operating cash flow −$200K. The chart follows the revenue to costs, profit and cash.
| Q3 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $207K | -33% | -40% |
| Operating profit | −$295K | -488% | — |
| Net earnings | −$300K | -459% | — |
| Operating cash flow | −$200K | -843% | — |
What changed
Revenue was $207K in Q3 2025, down 40% year over year and down 33% from the previous quarter.
Gross margin was 59.8%, up 13.5 points from a year earlier. Operating costs exceeded revenue by $295K, an operating margin of -142.7%. Operating expenses fell 40% while revenue fell 40%. The quarter ended with a net loss of $300K, after a profit of $163K the previous quarter. Minority interests bore $9K of it: to shareholders the quarter was a loss of $291K.
Operating cash flow was −$200K. Non-cash charges added back $16K of depreciation and amortization. Working capital and other items added $83K. Capital expenditures of $18K exceeded it, leaving free cash flow of −$218K.
Questions
What was HWH International's revenue in the third quarter 2025?
HWH International (ESYN) reported revenue of $207K for the third quarter 2025 (Q3 2025), -40% from a year earlier and -33% from the quarter before.
Was HWH International profitable in the third quarter 2025?
Operating loss was $295K (-142.7% of revenue) and net loss $300K.
Source: HWH International 10-Q on SEC EDGAR.