Filing Flows › Mirion Technologies (MIR) › Q3 2025
Mirion Technologies (MIR) Q3 2025 earnings results (third quarter 2025)
10-Q filed Oct 29, 2025
Mirion Technologies (MIR) reported revenue of $223M for the third quarter 2025 (Q3 2025), +8% from a year earlier and +0.1% from the quarter before. Operating margin was 3.3%, net earnings $2.9M (1.3% of revenue).
Mirion Technologies, Q3 2025: revenue $223M (+8% year over year), operating margin 3.3%, net earnings $2.9M, operating cash flow $22.3M. The chart follows the revenue to costs, profit and cash.
| Q3 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $223M | +0.1% | +8% |
| Gross profit | $104M | +2% | +12% |
| Operating profit | $7.4M | -25% | — |
| Net earnings | $2.9M | -65% | — |
| Operating cash flow | $22.3M | +80% | +30% |
| Free cash flow | $13.0M | +261% | +233% |
What changed
Revenue was $223.1M in Q3 2025, up 8% year over year and roughly flat from the previous quarter. Product was the largest line at 74% of revenue. Product added $12.9M year over year (up 8%), 79% of the total change.
Gross margin was 46.8%, up 1.9 points from a year earlier. Operating profit was $7.4M, a 3.3% margin (up 4.1 points year over year). Operating expenses grew 3% against revenue growth of 8%. Net earnings were $2.9M. The tax line was a benefit of $1.9M on pre-tax earnings of $1.2M.
Operating cash flow was $22.3M (up 30% year over year), 719% of net income including minority interests. Non-cash charges added back $34.9M of depreciation and amortization and $4.5M of share-based compensation. Working capital and other items used $20.2M. Capital expenditures of $9.3M left free cash flow of $13.0M.
Questions
What was Mirion Technologies' revenue in the third quarter 2025?
Mirion Technologies (MIR) reported revenue of $223M for the third quarter 2025 (Q3 2025), +8% from a year earlier and +0.1% from the quarter before.
Was Mirion Technologies profitable in the third quarter 2025?
Operating profit was $7.4M (3.3% of revenue) and net earnings $2.9M.