Filing Flows › First Capital (FCAP) › Q3 2025
First Capital (FCAP) Q3 2025 earnings results (third quarter 2025)
10-Q filed Nov 14, 2025
First Capital (FCAP) reported revenue of $13.3M for the third quarter 2025 (Q3 2025), +21% from a year earlier and +7% from the quarter before. Operating margin was 41.8%, net earnings $4.5M (33.8% of revenue).
First Capital, Q3 2025: revenue $13.3M (+21% year over year), operating margin 41.8%, net earnings $4.5M, operating cash flow $7.9M. The chart follows the revenue to costs, profit and cash.
| Q3 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $13.3M | +7% | +21% |
| Operating profit | $5.5M | +20% | +61% |
| Net earnings | $4.5M | +19% | +54% |
| Operating cash flow | $7.9M | +113% | +5% |
| Free cash flow | $7.8M | +125% | +4% |
What changed
Revenue was $13.3M in Q3 2025, up 21% year over year and up 7% from the previous quarter.
Operating profit was $5.5M, a 41.8% margin (up 10.4 points year over year). Of the extra revenue versus a year earlier, 90% reached operating profit, above the 31% margin then. Total costs grew 3% against revenue growth of 21%. Net earnings were $4.5M, up 55% year over year. The effective tax rate was 19.2%.
Operating cash flow was $7.9M (up 5% year over year), 177% of net earnings. Non-cash charges added back $270K of depreciation and amortization and $13K of share-based compensation. Working capital and other items added $3.2M. Capital expenditures of $165K left free cash flow of $7.8M.
Questions
What was First Capital's revenue in the third quarter 2025?
First Capital (FCAP) reported revenue of $13.3M for the third quarter 2025 (Q3 2025), +21% from a year earlier and +7% from the quarter before.
Was First Capital profitable in the third quarter 2025?
Operating profit was $5.5M (41.8% of revenue) and net earnings $4.5M.
Source: First Capital 10-Q on SEC EDGAR.