Filing Flows › Holley (HLLY) › Q2 2025
Holley (HLLY) Q2 2025 earnings results (second quarter 2025)
10-Q filed Aug 6, 2025
Holley (HLLY) reported revenue of $167M for the second quarter 2025 (Q2 2025), -2% from a year earlier and +9% from the quarter before. Operating margin was 16.5%, net earnings $10.9M (6.5% of revenue).
Holley, Q2 2025: revenue $167M (-2% year over year), operating margin 16.5%, net earnings $10.9M, operating cash flow $40.5M. The chart follows the revenue to costs, profit and cash.
| Q2 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $167M | +9% | -2% |
| Gross profit | $69.6M | +9% | -1% |
| Operating profit | $27.5M | +42% | -1% |
| Net earnings | $10.9M | +286% | -36% |
| Operating cash flow | $40.5M | — | +58% |
| Free cash flow | $35.7M | — | +46% |
What changed
Revenue was $166.7M in Q2 2025, down 2% year over year and up 9% from the previous quarter. Domestic Muscle was the largest line at 61% of revenue. Domestic Muscle lost $3.5M year over year (down 3%), 122% of the total change.
Gross margin was 41.7%, up 0.3 points from a year earlier. Operating profit was $27.5M, a 16.5% margin (up 0.1 points year over year). Operating expenses fell 1% while revenue fell 2%. The fastest-growing cost line was Research & development (+18%). Net earnings were $10.9M, down 36% year over year. The effective tax rate was 24.4%.
Operating cash flow was $40.5M (up 58% year over year), 373% of net earnings. Non-cash charges added back $5.6M of depreciation and amortization. Working capital and other items added $24.1M. After capital Expenditures, Net of Dispositions ($4.8M), free cash flow as the company reports it was $35.7M.
Questions
What was Holley's revenue in the second quarter 2025?
Holley (HLLY) reported revenue of $167M for the second quarter 2025 (Q2 2025), -2% from a year earlier and +9% from the quarter before.
Was Holley profitable in the second quarter 2025?
Operating profit was $27.5M (16.5% of revenue) and net earnings $10.9M.
Source: Holley 10-Q on SEC EDGAR.