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Lensar (LNSR) Q3 2025 earnings results (third quarter 2025)

10-Q filed Nov 6, 2025

Lensar (LNSR) reported revenue of $14.3M for the third quarter 2025 (Q3 2025), +6% from a year earlier and +3% from the quarter before. Operating margin was -52.9%, net loss $3.7M (25.9% of revenue).

Revenue$14.3M
Year over year+6%
Quarter over quarter+3%
Operating margin-52.9%
Net earnings−$3.7M

Lensar, Q3 2025: revenue $14.3M (+6% year over year), operating margin -52.9%, net loss $3.7M, operating cash flow −$3.5M. The chart follows the revenue to costs, profit and cash.

Q3 2025AmountQ/QY/Y
Revenue$14.3M+3%+6%
Operating profit−$7.6M——
Net earnings−$3.7M——
Operating cash flow−$3.5M——

What changed

Revenue was $14.3M in Q3 2025, up 6% year over year and up 3% from the previous quarter. Product was the largest line at 79% of revenue. Product added $789K year over year (up 7%), 102% of the total change.

Operating costs exceeded revenue by $7.6M, an operating margin of -52.9%. Total costs grew 48% against revenue growth of 6%. The fastest-growing cost line was SG&A (+98%). The quarter ended with a net loss of $3.7M, wider than the previous quarter's $1.8M loss. Non-operating items added $3.9M, -104% of pre-tax earnings, so the bottom line overstates operating performance.

Operating cash flow was −$3.5M. Non-cash charges added back $1.2M of depreciation and amortization and $850K of share-based compensation. Working capital and other items used $1.8M.

Questions

What was Lensar's revenue in the third quarter 2025?

Lensar (LNSR) reported revenue of $14.3M for the third quarter 2025 (Q3 2025), +6% from a year earlier and +3% from the quarter before.

Was Lensar profitable in the third quarter 2025?

Operating loss was $7.6M (-52.9% of revenue) and net loss $3.7M.

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Source: Lensar 10-Q on SEC EDGAR.