Filing Flows › Greenland Technologies Holding (GTEC) › Q3 2025
Greenland Technologies Holding (GTEC) Q3 2025 earnings results (third quarter 2025)
10-Q filed Nov 7, 2025
Greenland Technologies Holding (GTEC) reported revenue of $23.4M for the third quarter 2025 (Q3 2025), +24% from a year earlier and +8% from the quarter before. Operating margin was 21.6%, net earnings $5.7M (24.5% of revenue).
Greenland Technologies Holding, Q3 2025: revenue $23.4M (+24% year over year), operating margin 21.6%, net earnings $5.7M, operating cash flow $8.3M. The chart follows the revenue to costs, profit and cash.
| Q3 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $23.4M | +8% | +24% |
| Gross profit | $7.6M | +32% | +53% |
| Operating profit | $5.1M | — | +73% |
| Net earnings | $5.7M | — | — |
| Operating cash flow | $8.3M | — | +36% |
| Free cash flow | $8.1M | — | — |
What changed
Revenue was $23.4M in Q3 2025, up 24% year over year and up 8% from the previous quarter. Transmission Boxes for Forklift was the largest line at 97% of revenue. Transmission Boxes for Forklift added $4.6M year over year (up 25%), 101% of the total change. Transmission Boxes for Non Forklift declined 6%.
Gross margin was 32.4%, up 6.0 points from a year earlier. Operating profit was $5.1M, a 21.6% margin (up 6.1 points year over year). Of the extra revenue versus a year earlier, 47% reached operating profit, above the 16% margin then. Operating expenses grew 23% against revenue growth of 24%. The fastest-growing cost line was Research & development (+28%). Net earnings were $5.7M. The effective tax rate was 12.3%. Non-operating items added $2.4M, 33% of pre-tax earnings, so the bottom line overstates operating performance.
Operating cash flow was $8.3M (up 36% year over year), 125% of net income including minority interests. Non-cash charges added back $521K of depreciation and amortization. Working capital and other items added $1.2M. Capital expenditures of $112K left free cash flow of $8.1M.
Questions
What was Greenland Technologies Holding's revenue in the third quarter 2025?
Greenland Technologies Holding (GTEC) reported revenue of $23.4M for the third quarter 2025 (Q3 2025), +24% from a year earlier and +8% from the quarter before.
Was Greenland Technologies Holding profitable in the third quarter 2025?
Operating profit was $5.1M (21.6% of revenue) and net earnings $5.7M.