Filing Flows › Mirion Technologies (MIR) › Q2 2025
Mirion Technologies (MIR) Q2 2025 earnings results (second quarter 2025)
10-Q filed Aug 1, 2025
Mirion Technologies (MIR) reported revenue of $223M for the second quarter 2025 (Q2 2025), +8% from a year earlier and +10% from the quarter before. Operating margin was 4.4%, net earnings $8.3M (3.7% of revenue).
Mirion Technologies, Q2 2025: revenue $223M (+8% year over year), operating margin 4.4%, net earnings $8.3M, operating cash flow $12.4M. The chart follows the revenue to costs, profit and cash.
| Q2 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $223M | +10% | +8% |
| Gross profit | $102M | +7% | +5% |
| Operating profit | $9.9M | +14% | +330% |
| Net earnings | $8.3M | 28× | — |
| Operating cash flow | $12.4M | -65% | -18% |
| Free cash flow | $3.6M | -87% | -12% |
What changed
Revenue was $222.9M in Q2 2025, up 8% year over year and up 10% from the previous quarter. Product was the largest line at 74% of revenue. Product added $10.1M year over year (up 7%), 64% of the total change.
Gross margin was 46.0%, down 1.0 points from a year earlier. Operating profit was $9.9M, a 4.4% margin (up 3.3 points year over year). Of the extra revenue versus a year earlier, 48% reached operating profit, above the 1% margin then. Operating expenses fell 3% while revenue rose 8%. Net earnings were $8.3M. The effective tax rate was -9.0%.
Operating cash flow was $12.4M (down 18% year over year), 146% of net income including minority interests. Non-cash charges added back $33.9M of depreciation and amortization and $3.3M of share-based compensation. Working capital and other items used $33.3M. Capital expenditures of $8.8M left free cash flow of $3.6M.
Questions
What was Mirion Technologies' revenue in the second quarter 2025?
Mirion Technologies (MIR) reported revenue of $223M for the second quarter 2025 (Q2 2025), +8% from a year earlier and +10% from the quarter before.
Was Mirion Technologies profitable in the second quarter 2025?
Operating profit was $9.9M (4.4% of revenue) and net earnings $8.3M.