Filing Flows › Globus Medical (GMED) › Q2 2025
Globus Medical (GMED) Q2 2025 earnings results (second quarter 2025)
10-Q filed Aug 7, 2025
Globus Medical (GMED) reported revenue of $745M for the second quarter 2025 (Q2 2025), +18% from a year earlier and +25% from the quarter before. Operating margin was 10.2%, net earnings $203M (27.2% of revenue).
Globus Medical, Q2 2025: revenue $745M (+18% year over year), operating margin 10.2%, net earnings $203M, operating cash flow $77.9M. The chart follows the revenue to costs, profit and cash.
| Q2 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $745M | +25% | +18% |
| Operating profit | $76.1M | -22% | +53% |
| Net earnings | $203M | +169% | +539% |
| Operating cash flow | $77.9M | -56% | +44% |
| Free cash flow | $31.3M | — | +18% |
What changed
Revenue was $745.3M in Q2 2025, up 18% year over year and up 25% from the previous quarter. Musculoskeletal Solutions was the largest line at 95% of revenue. Musculoskeletal Solutions added $117.3M year over year (up 20%), 101% of the total change. Enabling Technologies declined 4%.
Operating profit was $76.1M, a 10.2% margin (up 2.3 points year over year). Of the extra revenue versus a year earlier, 23% reached operating profit, above the 8% margin then. The fastest-growing cost line was Other operating costs (+79%). Net earnings were $202.8M, up 539% year over year. The effective tax rate was -7.8%. Non-operating items added $112.1M, 60% of pre-tax earnings, so the bottom line overstates operating performance.
Operating cash flow was $77.9M (up 44% year over year), 38% of net earnings. Non-cash charges added back $70.6M of depreciation and amortization and $13.6M of share-based compensation. Working capital and other items used $209.2M. After purchases of property and equipment ($46.6M), free cash flow as the company reports it was $31.3M.
Questions
What was Globus Medical's revenue in the second quarter 2025?
Globus Medical (GMED) reported revenue of $745M for the second quarter 2025 (Q2 2025), +18% from a year earlier and +25% from the quarter before.
Was Globus Medical profitable in the second quarter 2025?
Operating profit was $76.1M (10.2% of revenue) and net earnings $203M.
Source: Globus Medical 10-Q on SEC EDGAR.