Filing Flows › Extreme Networks (EXTR) › Q3 FY25
Extreme Networks (EXTR) Q3 FY25 earnings results (third quarter fiscal 2025)
10-Q filed May 1, 2025
Extreme Networks (EXTR) reported revenue of $285M for the third quarter fiscal 2025 (Q3 FY25), +35% from a year earlier and +2% from the quarter before. Operating margin was 3.6%, net earnings $3.5M (1.2% of revenue).
Extreme Networks, Q3 FY25: revenue $285M (+35% year over year), operating margin 3.6%, net earnings $3.5M, operating cash flow $30.0M. The chart follows the revenue to costs, profit and cash.
| Q3 FY25 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $285M | +2% | +35% |
| Gross profit | $175M | +0.2% | +46% |
| Operating profit | $10.4M | -18% | — |
| Net earnings | $3.5M | -53% | — |
| Operating cash flow | $30.0M | +39% | — |
| Free cash flow | $24.3M | +50% | — |
What changed
Revenue was $284.5M in Q3 FY25, up 35% year over year and up 2% from the previous quarter. Product was the largest line at 63% of revenue. Product added $71.6M year over year (up 67%), 97% of the total change.
Gross margin was 61.7%, up 4.8 points from a year earlier. Operating profit was $10.4M, a 3.6% margin (up 33.2 points year over year). Operating expenses fell 10% while revenue rose 35%. The fastest-growing cost line was General & admin (+17%). Net earnings were $3.5M. The effective tax rate was 51.8%.
Operating cash flow was $30.0M, 867% of net earnings. Non-cash charges added back $4.0M of depreciation and amortization and $20.4M of share-based compensation. Working capital and other items added $2.2M. Capital expenditures of $5.7M left free cash flow of $24.3M.
Questions
What was Extreme Networks' revenue in the third quarter fiscal 2025?
Extreme Networks (EXTR) reported revenue of $285M for the third quarter fiscal 2025 (Q3 FY25), +35% from a year earlier and +2% from the quarter before.
Was Extreme Networks profitable in the third quarter fiscal 2025?
Operating profit was $10.4M (3.6% of revenue) and net earnings $3.5M.
Source: Extreme Networks 10-Q on SEC EDGAR.