Filing Flows › Flash Sports & Media Holdings (FLZH) › Q2 2025
Flash Sports & Media Holdings (FLZH) Q2 2025 earnings results (second quarter 2025)
10-Q filed Feb 10, 2026
Flash Sports & Media Holdings (FLZH) reported revenue of $7.8M for the second quarter 2025 (Q2 2025), -57% from a year earlier and -18% from the quarter before. Operating margin was -76.7%, net loss $6.2M (79.9% of revenue).
Flash Sports & Media Holdings, Q2 2025: revenue $7.8M (-57% year over year), operating margin -76.7%, net loss $6.2M, operating cash flow $414K. The chart follows the revenue to costs, profit and cash.
| Q2 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $7.8M | -18% | -57% |
| Operating profit | −$6.0M | — | — |
| Net earnings | −$6.2M | — | — |
| Operating cash flow | $414K | -81% | — |
What changed
Revenue was $7.8M in Q2 2025, down 57% year over year and down 18% from the previous quarter. Construction was the largest line at 45% of revenue. Construction lost $8.5M year over year (down 71%), 84% of the total change.
Gross margin was 0.6%, down 12.9 points from a year earlier. Operating costs exceeded revenue by $6.0M, an operating margin of -76.7%. Operating expenses grew 18% against a revenue fall of 57%. The fastest-growing cost line was General & admin (+24%). The quarter ended with a net loss of $6.2M, wider than the previous quarter's $4.0M loss.
Operating cash flow was $414K. Non-cash charges added back $148K of depreciation and amortization and $210K of share-based compensation. Working capital and other items added $6.3M.
Questions
What was Flash Sports & Media Holdings' revenue in the second quarter 2025?
Flash Sports & Media Holdings (FLZH) reported revenue of $7.8M for the second quarter 2025 (Q2 2025), -57% from a year earlier and -18% from the quarter before.
Was Flash Sports & Media Holdings profitable in the second quarter 2025?
Operating loss was $6.0M (-76.7% of revenue) and net loss $6.2M.