Filing Flows › InfuSystem Holdings (INFU) › Q3 2025
InfuSystem Holdings (INFU) Q3 2025 earnings results (third quarter 2025)
10-Q filed Nov 4, 2025
InfuSystem Holdings (INFU) reported revenue of $36.5M for the third quarter 2025 (Q3 2025), +3% from a year earlier and +1% from the quarter before. Operating margin was 10.4%, net earnings $2.3M (6.2% of revenue).
InfuSystem Holdings, Q3 2025: revenue $36.5M (+3% year over year), operating margin 10.4%, net earnings $2.3M, operating cash flow $8.5M. The chart follows the revenue to costs, profit and cash.
| Q3 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $36.5M | +1% | +3% |
| Gross profit | $20.8M | +5% | +9% |
| Operating profit | $3.8M | +0.9% | +17% |
| Net earnings | $2.3M | -13% | +25% |
| Operating cash flow | $8.5M | +21% | -14% |
| Free cash flow | $8.4M | +24% | -14% |
What changed
Revenue was $36.5M in Q3 2025, up 3% year over year and up 1% from the previous quarter.
Gross margin was 57.1%, up 3.1 points from a year earlier. Operating profit was $3.8M, a 10.4% margin (up 1.2 points year over year). Of the extra revenue versus a year earlier, 47% reached operating profit, above the 9% margin then. Operating expenses grew 8% against revenue growth of 3%. The fastest-growing cost line was General & admin (+13%). Net earnings were $2.3M, up 25% year over year. The effective tax rate was 34.1%.
Operating cash flow was $8.5M (down 14% year over year), 376% of net earnings. Non-cash charges added back $3.3M of depreciation and amortization and $1.3M of share-based compensation. Working capital and other items added $1.6M. Capital expenditures of $79K left free cash flow of $8.4M.
Questions
What was InfuSystem Holdings' revenue in the third quarter 2025?
InfuSystem Holdings (INFU) reported revenue of $36.5M for the third quarter 2025 (Q3 2025), +3% from a year earlier and +1% from the quarter before.
Was InfuSystem Holdings profitable in the third quarter 2025?
Operating profit was $3.8M (10.4% of revenue) and net earnings $2.3M.