Filing Flows › Guardian Pharmacy Services (GRDN) › Q3 2025
Guardian Pharmacy Services (GRDN) Q3 2025 earnings results (third quarter 2025)
10-Q filed Nov 10, 2025
Guardian Pharmacy Services (GRDN) reported revenue of $377M for the third quarter 2025 (Q3 2025), +20% from a year earlier and +10% from the quarter before. Operating margin was 4.3%, net earnings $9.8M (2.6% of revenue).
Guardian Pharmacy Services, Q3 2025: revenue $377M (+20% year over year), operating margin 4.3%, net earnings $9.8M, operating cash flow $28.2M. The chart follows the revenue to costs, profit and cash.
| Q3 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $377M | +10% | +20% |
| Gross profit | $74.7M | +10% | +23% |
| Operating profit | $16.4M | +30% | — |
| Net earnings | $9.8M | +9% | — |
| Operating cash flow | $28.2M | +41% | — |
| Free cash flow | $24.2M | — | — |
What changed
Revenue was $377.4M in Q3 2025, up 20% year over year and up 10% from the previous quarter.
Gross margin was 19.8%, up 0.4 points from a year earlier. Operating profit was $16.4M, a 4.3% margin (up 37.6 points year over year). Operating expenses fell 65% while revenue rose 20%. Net earnings were $9.8M. The effective tax rate was 42.3%.
Operating cash flow was $28.2M, 294% of net income including minority interests. Non-cash charges added back $5.8M of depreciation and amortization and $4.4M of share-based compensation. Working capital and other items added $8.4M. Capital expenditures of $4.0M left free cash flow of $24.2M.
Questions
What was Guardian Pharmacy Services' revenue in the third quarter 2025?
Guardian Pharmacy Services (GRDN) reported revenue of $377M for the third quarter 2025 (Q3 2025), +20% from a year earlier and +10% from the quarter before.
Was Guardian Pharmacy Services profitable in the third quarter 2025?
Operating profit was $16.4M (4.3% of revenue) and net earnings $9.8M.