Filing Flows › Nocera (NCRA) › Q3 2025
Nocera (NCRA) Q3 2025 earnings results (third quarter 2025)
10-Q filed Nov 14, 2025
Nocera (NCRA) reported revenue of $1.6M for the third quarter 2025 (Q3 2025), +18% from a year earlier and -47% from the quarter before. Operating margin was -51.2%, net loss $1.5M (94.3% of revenue).
Nocera, Q3 2025: revenue $1.6M (+18% year over year), operating margin -51.2%, net loss $1.5M, operating cash flow −$814K. The chart follows the revenue to costs, profit and cash.
| Q3 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $1.6M | -47% | +18% |
| Operating profit | −$821K | — | — |
| Net earnings | −$1.5M | — | — |
| Operating cash flow | −$814K | — | — |
What changed
Revenue was $1.6M in Q3 2025, up 18% year over year and down 47% from the previous quarter. Fish Trading was the largest line at 95% of revenue. Fish Trading added $417K year over year (up 38%), 173% of the total change. Catering declined 71%.
Gross margin was 3.1%, up 0.6 points from a year earlier. Operating costs exceeded revenue by $821K, an operating margin of -51.2%. Operating expenses grew 159% against revenue growth of 18%. The quarter ended with a net loss of $1.5M, wider than the previous quarter's $327K loss. Minority interests bore $11K of it: to shareholders the quarter was a loss of $1.5M.
Operating cash flow was −$814K. Non-cash charges added back $16K of depreciation and amortization. Working capital and other items added $682K.
Questions
What was Nocera's revenue in the third quarter 2025?
Nocera (NCRA) reported revenue of $1.6M for the third quarter 2025 (Q3 2025), +18% from a year earlier and -47% from the quarter before.
Was Nocera profitable in the third quarter 2025?
Operating loss was $821K (-51.2% of revenue) and net loss $1.5M.
Source: Nocera 10-Q on SEC EDGAR.