Filing Flows › Idexx Laboratories (IDXX) › Q2 2025
Idexx Laboratories (IDXX) Q2 2025 earnings results (second quarter 2025)
10-Q filed Aug 4, 2025
Idexx Laboratories (IDXX) reported revenue of $1.1B for the second quarter 2025 (Q2 2025), +11% from a year earlier and +11% from the quarter before. Operating margin was 33.6%, net earnings $294M (26.5% of revenue).
Idexx Laboratories, Q2 2025: revenue $1.1B (+11% year over year), operating margin 33.6%, net earnings $294M, operating cash flow $186M. The chart follows the revenue to costs, profit and cash.
| Q2 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $1.1B | +11% | +11% |
| Gross profit | $695M | +11% | +12% |
| Operating profit | $373M | +18% | +41% |
| Net earnings | $294M | +21% | +45% |
| Operating cash flow | $186M | -22% | -25% |
| Free cash flow | $152M | -27% | -29% |
What changed
Revenue was $1.1B in Q2 2025, up 11% year over year and up 11% from the previous quarter. Product revenue was the largest line at 59% of revenue. Product revenue added $0.08B year over year (up 14%), 76% of the total change.
Gross margin was 62.6%, up 0.9 points from a year earlier. Operating profit was $0.37B, a 33.6% margin (up 7.3 points year over year). Of the extra revenue versus a year earlier, 103% reached operating profit, above the 26% margin then. Operating expenses fell 9% while revenue rose 11%. The fastest-growing cost line was Sales & marketing (+13%). Net earnings were $0.29B, up 45% year over year. The effective tax rate was 18.9%.
Operating cash flow was $0.19B (down 25% year over year), 63% of net earnings. Non-cash charges added back $0.04B of depreciation and amortization and $0.01B of share-based compensation. Working capital and other items used $0.16B. Capital expenditures of $0.03B left free cash flow of $0.15B.
Questions
What was Idexx Laboratories' revenue in the second quarter 2025?
Idexx Laboratories (IDXX) reported revenue of $1.1B for the second quarter 2025 (Q2 2025), +11% from a year earlier and +11% from the quarter before.
Was Idexx Laboratories profitable in the second quarter 2025?
Operating profit was $373M (33.6% of revenue) and net earnings $294M.
Source: Idexx Laboratories 10-Q on SEC EDGAR.