Filing Flows › Guardian Pharmacy Services (GRDN) › Q2 2025
Guardian Pharmacy Services (GRDN) Q2 2025 earnings results (second quarter 2025)
10-Q filed Aug 11, 2025
Guardian Pharmacy Services (GRDN) reported revenue of $344M for the second quarter 2025 (Q2 2025), +15% from a year earlier and +5% from the quarter before. Operating margin was 3.7%, net earnings $9.0M (2.6% of revenue).
Guardian Pharmacy Services, Q2 2025: revenue $344M (+15% year over year), operating margin 3.7%, net earnings $9.0M, operating cash flow $19.9M. The chart follows the revenue to costs, profit and cash.
| Q2 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $344M | +5% | +15% |
| Gross profit | $68.1M | +6% | +11% |
| Operating profit | $12.6M | -3% | -26% |
| Net earnings | $9.0M | -4% | — |
| Operating cash flow | $19.9M | +14% | -32% |
What changed
Revenue was $344.3M in Q2 2025, up 15% year over year and up 5% from the previous quarter.
Gross margin was 19.8%, down 0.6 points from a year earlier. Operating profit was $12.6M, a 3.7% margin (down 2.0 points year over year). Operating profit fell $4.4M even though revenue rose $44.3M versus a year earlier, so costs grew faster than sales. Operating expenses grew 25% against revenue growth of 15%. Net earnings were $9.0M. The effective tax rate was 29.9%.
Operating cash flow was $19.9M (down 32% year over year), 226% of net income including minority interests. Non-cash charges added back $5.5M of depreciation and amortization and $4.4M of share-based compensation. Working capital and other items added $1.2M.
Questions
What was Guardian Pharmacy Services' revenue in the second quarter 2025?
Guardian Pharmacy Services (GRDN) reported revenue of $344M for the second quarter 2025 (Q2 2025), +15% from a year earlier and +5% from the quarter before.
Was Guardian Pharmacy Services profitable in the second quarter 2025?
Operating profit was $12.6M (3.7% of revenue) and net earnings $9.0M.