Filing Flows › Kestrel Group (KG) › Q3 2025
Kestrel Group (KG) Q3 2025 earnings results (third quarter 2025)
10-Q filed Nov 5, 2025
Kestrel Group (KG) reported revenue of $17.4M for the third quarter 2025 (Q3 2025), up 23-fold from a year earlier and +213% from the quarter before. Operating margin was -28.9%, net loss $5.1M (29.0% of revenue).
Kestrel Group, Q3 2025: revenue $17.4M (23× year over year), operating margin -28.9%, net loss $5.1M, operating cash flow −$9.7M. The chart follows the revenue to costs, profit and cash.
| Q3 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $17.4M | +213% | 23× |
| Operating profit | −$5.0M | -107% | — |
| Net earnings | −$5.1M | -107% | — |
| Operating cash flow | −$9.7M | — | — |
What changed
Revenue was $17.4M in Q3 2025, up 2220% year over year and up 213% from the previous quarter.
Operating costs exceeded revenue by $5.0M, an operating margin of -28.9%. Total costs grew 1804% against revenue growth of 2220%. The quarter ended with a net loss of $5.1M, after a profit of $69.9M the previous quarter.
Operating cash flow was −$9.7M. Working capital and other items used $4.6M.
Questions
What was Kestrel Group's revenue in the third quarter 2025?
Kestrel Group (KG) reported revenue of $17.4M for the third quarter 2025 (Q3 2025), up 23-fold from a year earlier and +213% from the quarter before.
Was Kestrel Group profitable in the third quarter 2025?
Operating loss was $5.0M (-28.9% of revenue) and net loss $5.1M.
Source: Kestrel Group 10-Q on SEC EDGAR.