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Lucid Diagnostics (LUCD) Q3 2025 earnings results (third quarter 2025)

10-Q filed Nov 12, 2025

Lucid Diagnostics (LUCD) reported revenue of $1.2M for the third quarter 2025 (Q3 2025), +3% from a year earlier and +4% from the quarter before. Operating margin was -971.0%, net loss $10.4M (858.5% of revenue).

Revenue$1.2M
Year over year+3%
Quarter over quarter+4%
Operating margin-971.0%
Net earnings−$10.4M

Lucid Diagnostics, Q3 2025: revenue $1.2M (+3% year over year), operating margin -971.0%, net loss $10.4M, operating cash flow −$10.9M. The chart follows the revenue to costs, profit and cash.

Q3 2025AmountQ/QY/Y
Revenue$1.2M+4%+3%
Operating profit−$11.8M——
Net earnings−$10.4M——
Operating cash flow−$10.9M——

What changed

Revenue was $1.2M in Q3 2025, up 3% year over year and up 4% from the previous quarter.

Operating costs exceeded revenue by $11.8M, an operating margin of -971.0%. Total costs grew 1% against revenue growth of 3%. The quarter ended with a net loss of $10.4M, wider than the previous quarter's $4.4M loss.

Operating cash flow was −$10.9M. Non-cash charges added back $220K of depreciation and amortization and $1.1M of share-based compensation. Working capital and other items used $1.9M. Capital expenditures of $28K exceeded it, leaving free cash flow of −$10.9M.

Questions

What was Lucid Diagnostics' revenue in the third quarter 2025?

Lucid Diagnostics (LUCD) reported revenue of $1.2M for the third quarter 2025 (Q3 2025), +3% from a year earlier and +4% from the quarter before.

Was Lucid Diagnostics profitable in the third quarter 2025?

Operating loss was $11.8M (-971.0% of revenue) and net loss $10.4M.

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Source: Lucid Diagnostics 10-Q on SEC EDGAR.