Filing Flows › Green Plains (GPRE) › Q2 2025
Green Plains (GPRE) Q2 2025 earnings results (second quarter 2025)
10-Q filed Aug 11, 2025
Green Plains (GPRE) reported revenue of $553M for the second quarter 2025 (Q2 2025), -11% from a year earlier and -8% from the quarter before. Operating margin was -5.1%, net loss $72.2M (13.1% of revenue).
Green Plains, Q2 2025: revenue $553M (-11% year over year), operating margin -5.1%, net loss $72.2M, operating cash flow $58.8M. The chart follows the revenue to costs, profit and cash.
| Q2 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $553M | -8% | -11% |
| Operating profit | −$28.4M | — | — |
| Net earnings | −$72.2M | — | — |
| Operating cash flow | $58.8M | — | — |
| Free cash flow | $47.7M | — | — |
What changed
Revenue was $552.8M in Q2 2025, down 11% year over year and down 8% from the previous quarter. Ethanol Production was the largest line at 95% of revenue. Agribusiness & Energy Services lost $68.7M year over year (down 73%), 104% of the total change.
Gross margin was 7.5%, up 1.4 points from a year earlier. Operating costs exceeded revenue by $28.4M, an operating margin of -5.1%. Operating expenses grew 26% against a revenue fall of 11%. The fastest-growing cost line was Other operating costs (+96%). The quarter ended with a net loss of $72.2M, narrower than the previous quarter's $72.6M loss. Net interest and other expense of $41.6M was the main reason.
Operating cash flow was $58.8M. Non-cash charges added back $27.6M of depreciation and amortization and $2.3M of share-based compensation. Working capital and other items added $101.2M. Capital expenditures of $11.1M left free cash flow of $47.7M.
Questions
What was Green Plains' revenue in the second quarter 2025?
Green Plains (GPRE) reported revenue of $553M for the second quarter 2025 (Q2 2025), -11% from a year earlier and -8% from the quarter before.
Was Green Plains profitable in the second quarter 2025?
Operating loss was $28.4M (-5.1% of revenue) and net loss $72.2M.
Source: Green Plains 10-Q on SEC EDGAR.