Filing Flows › Gulf Resources (GURE) › Q3 2025
Gulf Resources (GURE) Q3 2025 earnings results (third quarter 2025)
10-Q filed Nov 19, 2025
Gulf Resources (GURE) reported revenue of $9.0M for the third quarter 2025 (Q3 2025), +303% from a year earlier and +8% from the quarter before. Operating margin was -3.7%, net loss $35.7M (394.3% of revenue).
Gulf Resources, Q3 2025: revenue $9.0M (+303% year over year), operating margin -3.7%, net loss $35.7M, operating cash flow $6.7M. The chart follows the revenue to costs, profit and cash.
| Q3 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $9.0M | +8% | +303% |
| Operating profit | −$334K | — | — |
| Net earnings | −$35.7M | — | — |
| Operating cash flow | $6.7M | — | 13× |
What changed
Revenue was $9.0M in Q3 2025, up 303% year over year and up 8% from the previous quarter.
Operating costs exceeded revenue by $334K, an operating margin of -3.7%. Total costs grew 37% against revenue growth of 303%. The fastest-growing cost line was Other operating costs (+48%). The quarter ended with a net loss of $35.7M, wider than the previous quarter's $814K loss. Net interest and other expense of $35.3M was the main reason.
Operating cash flow was $6.7M (up 1195% year over year). Non-cash charges added back $3.8M of depreciation and amortization. Working capital and other items added $38.6M.
Questions
What was Gulf Resources' revenue in the third quarter 2025?
Gulf Resources (GURE) reported revenue of $9.0M for the third quarter 2025 (Q3 2025), +303% from a year earlier and +8% from the quarter before.
Was Gulf Resources profitable in the third quarter 2025?
Operating loss was $334K (-3.7% of revenue) and net loss $35.7M.
Source: Gulf Resources 10-Q on SEC EDGAR.