Filing Flows › Hyperscale Data (GPUS) › Q2 2025
Hyperscale Data (GPUS) Q2 2025 earnings results (second quarter 2025)
10-Q filed Aug 15, 2025
Hyperscale Data (GPUS) reported revenue of $25.9M for the second quarter 2025 (Q2 2025), +45% from a year earlier and +3% from the quarter before. Operating margin was -39.2%, net loss $17.3M (67.1% of revenue).
Hyperscale Data, Q2 2025: revenue $25.9M (+45% year over year), operating margin -39.2%, net loss $17.3M, operating cash flow −$3.1M. The chart follows the revenue to costs, profit and cash.
| Q2 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $25.9M | +3% | +45% |
| Operating profit | −$10.1M | — | — |
| Net earnings | −$17.3M | — | — |
| Operating cash flow | −$3.1M | — | — |
What changed
Revenue was $25.9M in Q2 2025, up 45% year over year and up 3% from the previous quarter. Energy was the largest line at 45% of revenue. Fintech added $11.6M year over year, 144% of the total change. ROI declined 92%.
Gross margin was 23.7%. Operating costs exceeded revenue by $10.1M, an operating margin of -39.2%. The fastest-growing cost line was Sales & marketing (+69%). The quarter ended with a net loss of $17.3M, wider than the previous quarter's $4.7M loss.
Operating cash flow was −$3.1M. Non-cash charges added back $4.8M of depreciation and amortization and $68K of share-based compensation. Working capital and other items added $9.4M. Capital expenditures of $397K exceeded it, leaving free cash flow of −$3.5M.
Questions
What was Hyperscale Data's revenue in the second quarter 2025?
Hyperscale Data (GPUS) reported revenue of $25.9M for the second quarter 2025 (Q2 2025), +45% from a year earlier and +3% from the quarter before.
Was Hyperscale Data profitable in the second quarter 2025?
Operating loss was $10.1M (-39.2% of revenue) and net loss $17.3M.
Source: Hyperscale Data 10-Q on SEC EDGAR.