Filing Flows › Hyperfine (HYPR) › Q2 2025
Hyperfine (HYPR) Q2 2025 earnings results (second quarter 2025)
10-Q filed Aug 13, 2025
Hyperfine (HYPR) reported revenue of $2.7M for the second quarter 2025 (Q2 2025), -26% from a year earlier and +26% from the quarter before. Operating margin was -355.9%, net loss $9.2M (342.2% of revenue).
Hyperfine, Q2 2025: revenue $2.7M (-26% year over year), operating margin -355.9%, net loss $9.2M, operating cash flow −$7.9M. The chart follows the revenue to costs, profit and cash.
| Q2 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $2.7M | +26% | -26% |
| Operating profit | −$9.6M | — | — |
| Net earnings | −$9.2M | — | — |
| Operating cash flow | −$7.9M | — | — |
What changed
Revenue was $2.7M in Q2 2025, down 26% year over year and up 26% from the previous quarter. Product was the largest line at 79% of revenue. Product lost $842K year over year (down 28%), 90% of the total change.
Gross margin was 49.3%, down 0.4 points from a year earlier. Operating costs exceeded revenue by $9.6M, an operating margin of -355.9%. Operating expenses fell 14% while revenue fell 26%. The fastest-growing cost line was Sales & marketing (+11%). The quarter ended with a net loss of $9.2M, narrower than the previous quarter's $9.4M loss.
Operating cash flow was −$7.9M. Non-cash charges added back $283K of depreciation and $547K of share-based compensation. Working capital and other items added $485K. Capital expenditures of $520K exceeded it, leaving free cash flow of −$8.4M.
Questions
What was Hyperfine's revenue in the second quarter 2025?
Hyperfine (HYPR) reported revenue of $2.7M for the second quarter 2025 (Q2 2025), -26% from a year earlier and +26% from the quarter before.
Was Hyperfine profitable in the second quarter 2025?
Operating loss was $9.6M (-355.9% of revenue) and net loss $9.2M.
Source: Hyperfine 10-Q on SEC EDGAR.