Filing Flows › Hyperfine (HYPR) › Q3 2025
Hyperfine (HYPR) Q3 2025 earnings results (third quarter 2025)
10-Q filed Nov 13, 2025
Hyperfine (HYPR) reported revenue of $3.4M for the third quarter 2025 (Q3 2025), -6% from a year earlier and +27% from the quarter before. Operating margin was -259.5%, net loss $11.0M (320.6% of revenue).
Hyperfine, Q3 2025: revenue $3.4M (-6% year over year), operating margin -259.5%, net loss $11.0M, operating cash flow −$5.6M. The chart follows the revenue to costs, profit and cash.
| Q3 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $3.4M | +27% | -6% |
| Operating profit | −$8.9M | — | — |
| Net earnings | −$11.0M | — | — |
| Operating cash flow | −$5.6M | — | — |
What changed
Revenue was $3.4M in Q3 2025, down 6% year over year and up 27% from the previous quarter. Product was the largest line at 84% of revenue. Product lost $142K year over year (down 5%), 69% of the total change.
Gross margin was 53.8%, up 1.4 points from a year earlier. Operating costs exceeded revenue by $8.9M, an operating margin of -259.5%. Operating expenses fell 16% while revenue fell 6%. The quarter ended with a net loss of $11.0M, wider than the previous quarter's $9.2M loss.
Operating cash flow was −$5.6M. Non-cash charges added back $297K of depreciation and $617K of share-based compensation. Working capital and other items added $4.5M. Capital expenditures of $130K exceeded it, leaving free cash flow of −$5.7M.
Questions
What was Hyperfine's revenue in the third quarter 2025?
Hyperfine (HYPR) reported revenue of $3.4M for the third quarter 2025 (Q3 2025), -6% from a year earlier and +27% from the quarter before.
Was Hyperfine profitable in the third quarter 2025?
Operating loss was $8.9M (-259.5% of revenue) and net loss $11.0M.
Source: Hyperfine 10-Q on SEC EDGAR.