Filing Flows › MDWerks (MDWK) › Q2 2025
MDWerks (MDWK) Q2 2025 earnings results (second quarter 2025)
10-Q filed Aug 13, 2025
MDWerks (MDWK) reported revenue of $421K for the second quarter 2025 (Q2 2025), +55% from a year earlier and -18% from the quarter before. Operating margin was -314.9%, net loss $1.3M (317.8% of revenue).
MDWerks, Q2 2025: revenue $421K (+55% year over year), operating margin -314.9%, net loss $1.3M, operating cash flow −$410K. The chart follows the revenue to costs, profit and cash.
| Q2 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $421K | -18% | +55% |
| Operating profit | −$1.3M | — | — |
| Net earnings | −$1.3M | — | — |
| Operating cash flow | −$410K | — | — |
What changed
Revenue was $421K in Q2 2025, up 55% year over year and down 18% from the previous quarter. Two Trees Distilling was the largest line at 59% of revenue. Two Trees Distilling added $76K year over year (up 43%), 51% of the total change.
Operating costs exceeded revenue by $1.3M, an operating margin of -314.9%. Total costs grew 79% against revenue growth of 55%. The fastest-growing cost line was Other operating costs (+397%). The quarter ended with a net loss of $1.3M, wider than the previous quarter's $629K loss.
Operating cash flow was −$410K. Non-cash charges added back $79K of depreciation and amortization and $40K of share-based compensation. Working capital and other items added $809K. Capital expenditures of $103K exceeded it, leaving free cash flow of −$513K.
Questions
What was MDWerks' revenue in the second quarter 2025?
MDWerks (MDWK) reported revenue of $421K for the second quarter 2025 (Q2 2025), +55% from a year earlier and -18% from the quarter before.
Was MDWerks profitable in the second quarter 2025?
Operating loss was $1.3M (-314.9% of revenue) and net loss $1.3M.
Source: MDWerks 10-Q on SEC EDGAR.