Filing Flows › LivaNova (LIVN) › Q2 2025
LivaNova (LIVN) Q2 2025 earnings results (second quarter 2025)
10-Q filed Aug 6, 2025
LivaNova (LIVN) reported revenue of $353M for the second quarter 2025 (Q2 2025), +11% from a year earlier and +11% from the quarter before. Operating margin was 15.4%, net earnings $27.2M (7.7% of revenue).
LivaNova, Q2 2025: revenue $353M (+11% year over year), operating margin 15.4%, net earnings $27.2M, operating cash flow $62.9M. The chart follows the revenue to costs, profit and cash.
| Q2 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $353M | +11% | +11% |
| Gross profit | $239M | +11% | +11% |
| Operating profit | $54.2M | +11% | +35% |
| Net earnings | $27.2M | — | +66% |
| Operating cash flow | $62.9M | +163% | +45% |
| Free cash flow | $47.9M | — | — |
What changed
Revenue was $352.5M in Q2 2025, up 11% year over year and up 11% from the previous quarter.
Gross margin was 67.8%, up 0.3 points from a year earlier. Operating profit was $54.2M, a 15.4% margin (up 2.8 points year over year). Of the extra revenue versus a year earlier, 41% reached operating profit, above the 13% margin then. Operating expenses grew 6% against revenue growth of 11%. The fastest-growing cost line was SG&A (+10%). Net earnings were $27.2M, up 66% year over year. The effective tax rate was 18.5%.
Operating cash flow was $62.9M (up 45% year over year), 232% of net earnings. Non-cash charges added back $11.3M of depreciation and amortization and $9.2M of share-based compensation. Working capital and other items added $15.3M. After purchases of plant, property, and equipment, net ($13.6M) and cybersecurity incident insurance proceeds ($1.0M) and dividends received from investments ($400K), adjusted free cash flow as the company reports it was $47.9M.
Questions
What was LivaNova's revenue in the second quarter 2025?
LivaNova (LIVN) reported revenue of $353M for the second quarter 2025 (Q2 2025), +11% from a year earlier and +11% from the quarter before.
Was LivaNova profitable in the second quarter 2025?
Operating profit was $54.2M (15.4% of revenue) and net earnings $27.2M.
Source: LivaNova 10-Q on SEC EDGAR.