Filing Flows › Globus Medical (GMED) › Q3 2025
Globus Medical (GMED) Q3 2025 earnings results (third quarter 2025)
10-Q filed Nov 6, 2025
Globus Medical (GMED) reported revenue of $769M for the third quarter 2025 (Q3 2025), +23% from a year earlier and +3% from the quarter before. Operating margin was 17.9%, net earnings $119M (15.5% of revenue).
Globus Medical, Q3 2025: revenue $769M (+23% year over year), operating margin 17.9%, net earnings $119M, operating cash flow $250M. The chart follows the revenue to costs, profit and cash.
| Q3 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $769M | +3% | +23% |
| Operating profit | $137M | +80% | +186% |
| Net earnings | $119M | -41% | +130% |
| Operating cash flow | $250M | +221% | +23% |
| Free cash flow | $214M | — | +32% |
What changed
Revenue was $769.0M in Q3 2025, up 23% year over year and up 3% from the previous quarter. Musculoskeletal Solutions was the largest line at 96% of revenue. Musculoskeletal Solutions added $153.6M year over year (up 26%), 107% of the total change. Enabling Technologies declined 27%.
Operating profit was $137.4M, a 17.9% margin (up 10.2 points year over year). Of the extra revenue versus a year earlier, 62% reached operating profit, above the 8% margin then. Total costs grew 9% against revenue growth of 23%. The fastest-growing cost line was SG&A (+31%). Net earnings were $119.0M, up 130% year over year. The effective tax rate was 17.4%.
Operating cash flow was $249.7M (up 23% year over year), 210% of net earnings. Non-cash charges added back $71.5M of depreciation and amortization and $11.5M of share-based compensation. Working capital and other items added $47.6M. After purchases of property and equipment ($35.8M), free cash flow as the company reports it was $213.9M.
Questions
What was Globus Medical's revenue in the third quarter 2025?
Globus Medical (GMED) reported revenue of $769M for the third quarter 2025 (Q3 2025), +23% from a year earlier and +3% from the quarter before.
Was Globus Medical profitable in the third quarter 2025?
Operating profit was $137M (17.9% of revenue) and net earnings $119M.
Source: Globus Medical 10-Q on SEC EDGAR.