Filing Flows › Five9 (FIVN) › Q2 2025
Five9 (FIVN) Q2 2025 earnings results (second quarter 2025)
10-Q filed Jul 31, 2025
Five9 (FIVN) reported revenue of $283M for the second quarter 2025 (Q2 2025), +12% from a year earlier and +1% from the quarter before. Operating margin was -0.6%, net earnings $1.2M (0.4% of revenue).
Five9, Q2 2025: revenue $283M (+12% year over year), operating margin -0.6%, net earnings $1.2M, operating cash flow $35.1M. The chart follows the revenue to costs, profit and cash.
| Q2 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $283M | +1% | +12% |
| Operating profit | −$1.6M | — | — |
| Net earnings | $1.2M | +100% | — |
| Operating cash flow | $35.1M | -28% | +76% |
| Free cash flow | $31.6M | -28% | +141% |
What changed
Revenue was $283.3M in Q2 2025, up 12% year over year and up 1% from the previous quarter.
Gross margin was 54.9%, up 1.8 points from a year earlier. Operating costs exceeded revenue by $1.6M, an operating margin of -0.6%. Operating expenses grew 3% against revenue growth of 12%. Net earnings were $1.2M. The effective tax rate was 54.5%. Non-operating items added $4.1M, 162% of pre-tax earnings, so the bottom line overstates operating performance.
Operating cash flow was $35.1M (up 76% year over year), 3038% of net earnings. Non-cash charges added back $14.6M of depreciation and amortization and $41.9M of share-based compensation. Working capital and other items used $22.6M. Capital expenditures of $3.5M left free cash flow of $31.6M.
Questions
What was Five9's revenue in the second quarter 2025?
Five9 (FIVN) reported revenue of $283M for the second quarter 2025 (Q2 2025), +12% from a year earlier and +1% from the quarter before.
Was Five9 profitable in the second quarter 2025?
Operating loss was $1.6M (-0.6% of revenue) and net earnings $1.2M.
Source: Five9 10-Q on SEC EDGAR.