Filing Flows › Mayville Engineering Company (MEC) › Q3 2025
Mayville Engineering Company (MEC) Q3 2025 earnings results (third quarter 2025)
10-Q filed Nov 5, 2025
Mayville Engineering Company (MEC) reported revenue of $144M for the third quarter 2025 (Q3 2025), +7% from a year earlier and +9% from the quarter before. Operating margin was 0.0%, net loss $2.7M (1.9% of revenue).
Mayville Engineering Company, Q3 2025: revenue $144M (+7% year over year), operating margin 0.0%, net loss $2.7M, operating cash flow $1.9M. The chart follows the revenue to costs, profit and cash.
| Q3 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $144M | +9% | +7% |
| Operating profit | $48K | -37% | — |
| Net earnings | −$2.7M | — | — |
| Operating cash flow | $1.9M | -87% | -90% |
What changed
Revenue was $144.3M in Q3 2025, up 7% year over year and up 9% from the previous quarter.
Operating profit was $48K, a 0.0% margin (down 4.2 points year over year). Operating profit fell $5.7M even though revenue rose $8.9M versus a year earlier, so costs grew faster than sales. Total costs grew 11% against revenue growth of 7%. The fastest-growing cost line was Other operating costs (+40%). The quarter ended with a net loss of $2.7M, wider than the previous quarter's $1.1M loss. Net interest and other expense of $3.4M was the main reason.
Operating cash flow was $1.9M (down 90% year over year). Non-cash charges added back $11.1M of depreciation and amortization and $845K of share-based compensation. Working capital and other items used $7.4M. Capital expenditures of $3.0M exceeded it, leaving free cash flow of −$1.1M.
Questions
What was Mayville Engineering Company's revenue in the third quarter 2025?
Mayville Engineering Company (MEC) reported revenue of $144M for the third quarter 2025 (Q3 2025), +7% from a year earlier and +9% from the quarter before.
Was Mayville Engineering Company profitable in the third quarter 2025?
Operating profit was $48K (0.0% of revenue) and net loss $2.7M.