Filing Flows › Milestone Scientific (MLSS) › Q3 2025
Milestone Scientific (MLSS) Q3 2025 earnings results (third quarter 2025)
10-Q filed Nov 13, 2025
Milestone Scientific (MLSS) reported revenue of $2.4M for the third quarter 2025 (Q3 2025), -6% from a year earlier and +2% from the quarter before. Operating margin was -48.1%, net loss $1.2M (48.9% of revenue).
Milestone Scientific, Q3 2025: revenue $2.4M (-6% year over year), operating margin -48.1%, net loss $1.2M, operating cash flow $82K. The chart follows the revenue to costs, profit and cash.
| Q3 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $2.4M | +2% | -6% |
| Operating profit | −$1.1M | — | — |
| Net earnings | −$1.2M | — | — |
| Operating cash flow | $82K | — | — |
| Free cash flow | $76K | — | — |
What changed
Revenue was $2.4M in Q3 2025, down 6% year over year and up 2% from the previous quarter.
Gross margin was 69.5%, down 3.5 points from a year earlier. Operating costs exceeded revenue by $1.1M, an operating margin of -48.1%. Operating expenses fell 16% while revenue fell 6%. The quarter ended with a net loss of $1.2M, narrower than the previous quarter's $1.5M loss.
Operating cash flow was $82K. Non-cash charges added back $20K of depreciation and amortization and $363K of share-based compensation. Working capital and other items added $853K. Capital expenditures of $6K left free cash flow of $76K.
Questions
What was Milestone Scientific's revenue in the third quarter 2025?
Milestone Scientific (MLSS) reported revenue of $2.4M for the third quarter 2025 (Q3 2025), -6% from a year earlier and +2% from the quarter before.
Was Milestone Scientific profitable in the third quarter 2025?
Operating loss was $1.1M (-48.1% of revenue) and net loss $1.2M.