Filing Flows › Firy (FIRY) › Q3 2025
Firy (FIRY) Q3 2025 earnings results (third quarter 2025)
10-Q filed Dec 11, 2025
Firy (FIRY) reported revenue of $27.4M for the third quarter 2025 (Q3 2025), +11% from a year earlier and +9% from the quarter before. Operating margin was -59.4%, net loss $17.4M (63.7% of revenue).
Firy, Q3 2025: revenue $27.4M (+11% year over year), operating margin -59.4%, net loss $17.4M, operating cash flow −$24.5M. The chart follows the revenue to costs, profit and cash.
| Q3 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $27.4M | +9% | +11% |
| Operating profit | −$16.3M | — | — |
| Net earnings | −$17.4M | — | — |
| Operating cash flow | −$24.5M | — | — |
What changed
Revenue was $27.4M in Q3 2025, up 11% year over year and up 9% from the previous quarter. Entry Fee Revenue was the largest line at 74% of revenue. Advertising Revenue added $3.8M year over year (up 125%), 137% of the total change. Maintenance Fee Revenue declined 58%.
Operating costs exceeded revenue by $16.3M, an operating margin of -59.4%. Total costs fell 4% while revenue rose 11%. The fastest-growing cost line was Research & development (+15%). The quarter ended with a net loss of $17.4M, narrower than the previous quarter's $17.9M loss.
Operating cash flow was −$24.5M. Non-cash charges added back $224K of depreciation and amortization and $4.3M of share-based compensation. Working capital and other items used $11.5M. Capital expenditures of $1.3M exceeded it, leaving free cash flow of −$25.8M.
Questions
What was Firy's revenue in the third quarter 2025?
Firy (FIRY) reported revenue of $27.4M for the third quarter 2025 (Q3 2025), +11% from a year earlier and +9% from the quarter before.
Was Firy profitable in the third quarter 2025?
Operating loss was $16.3M (-59.4% of revenue) and net loss $17.4M.
Source: Firy 10-Q on SEC EDGAR.