Filing Flows › MDWerks (MDWK) › Q3 2025
MDWerks (MDWK) Q3 2025 earnings results (third quarter 2025)
10-Q filed Nov 14, 2025
MDWerks (MDWK) reported revenue of $780K for the third quarter 2025 (Q3 2025), -26% from a year earlier and +85% from the quarter before. Operating margin was -127.2%, net loss $1.0M (130.5% of revenue).
MDWerks, Q3 2025: revenue $780K (-26% year over year), operating margin -127.2%, net loss $1.0M, operating cash flow −$363K. The chart follows the revenue to costs, profit and cash.
| Q3 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $780K | +85% | -26% |
| Operating profit | −$992K | — | — |
| Net earnings | −$1.0M | — | — |
| Operating cash flow | −$363K | — | — |
What changed
Revenue was $780K in Q3 2025, down 26% year over year and up 85% from the previous quarter. Two Trees Distilling was the largest line at 62% of revenue. RF Specialties lost $356K year over year (down 54%), 128% of the total change.
Gross margin was 15.2%, down 54.1 points from a year earlier. Operating costs exceeded revenue by $1.0M, an operating margin of -127.2%. Operating expenses grew 95% against a revenue fall of 26%. The fastest-growing cost line was Other operating costs (+145%). The quarter ended with a net loss of $1.0M, narrower than the previous quarter's $1.3M loss.
Operating cash flow was −$363K. Non-cash charges added back $85K of depreciation and amortization and $491K of share-based compensation. Working capital and other items added $80K. Capital expenditures of $71K exceeded it, leaving free cash flow of −$434K.
Questions
What was MDWerks' revenue in the third quarter 2025?
MDWerks (MDWK) reported revenue of $780K for the third quarter 2025 (Q3 2025), -26% from a year earlier and +85% from the quarter before.
Was MDWerks profitable in the third quarter 2025?
Operating loss was $992K (-127.2% of revenue) and net loss $1.0M.
Source: MDWerks 10-Q on SEC EDGAR.