Filing Flows › Firy (FIRY) › Q2 2025
Firy (FIRY) Q2 2025 earnings results (second quarter 2025)
10-Q filed Dec 11, 2025
Firy (FIRY) reported revenue of $25.2M for the second quarter 2025 (Q2 2025), -0.3% from a year earlier and +15% from the quarter before. Operating margin was -63.4%, net loss $17.9M (71.1% of revenue).
Firy, Q2 2025: revenue $25.2M (-0.3% year over year), operating margin -63.4%, net loss $17.9M, operating cash flow −$20.8M. The chart follows the revenue to costs, profit and cash.
| Q2 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $25.2M | +15% | -0.3% |
| Operating profit | −$16.0M | — | — |
| Net earnings | −$17.9M | — | — |
| Operating cash flow | −$20.8M | — | — |
What changed
Revenue was $25.2M in Q2 2025, roughly flat year over year and up 15% from the previous quarter. Entry Fee Revenue was the largest line at 76% of revenue. Entry Fee Revenue lost $3.1M year over year (down 14%), 3825% of the total change.
Operating costs exceeded revenue by $16.0M, an operating margin of -63.4%. The quarter ended with a net loss of $17.9M, wider than the previous quarter's $17.1M loss.
Operating cash flow was −$20.8M. Non-cash charges added back $194K of depreciation and amortization and $4.4M of share-based compensation. Working capital and other items used $7.4M. Capital expenditures of $1.7M exceeded it, leaving free cash flow of −$22.5M.
Questions
What was Firy's revenue in the second quarter 2025?
Firy (FIRY) reported revenue of $25.2M for the second quarter 2025 (Q2 2025), -0.3% from a year earlier and +15% from the quarter before.
Was Firy profitable in the second quarter 2025?
Operating loss was $16.0M (-63.4% of revenue) and net loss $17.9M.
Source: Firy 10-Q on SEC EDGAR.