Filing Flows › Neogen (NEOG) › Q3 FY25
Neogen (NEOG) Q3 FY25 earnings results (third quarter fiscal 2025)
10-Q filed Apr 9, 2025
Neogen (NEOG) reported revenue of $221M for the third quarter fiscal 2025 (Q3 FY25), -3% from a year earlier and -4% from the quarter before. Operating margin was 2.4%, net loss $10.9M (4.9% of revenue).
Neogen, Q3 FY25: revenue $221M (-3% year over year), operating margin 2.4%, net loss $10.9M, operating cash flow $19.5M. The chart follows the revenue to costs, profit and cash.
| Q3 FY25 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $221M | -4% | -3% |
| Operating profit | $5.4M | — | — |
| Net earnings | −$10.9M | — | — |
| Operating cash flow | $19.5M | -52% | — |
What changed
Revenue was $221.0M in Q3 FY25, down 3% year over year and down 4% from the previous quarter. Product was the largest line at 89% of revenue. Product lost $5.7M year over year (down 3%), 73% of the total change.
Gross margin was 49.9%, down 1.2 points from a year earlier. Operating profit was $5.4M, a 2.4% margin (down 2.8 points year over year). Operating expenses grew 0% against a revenue fall of 3%. The quarter ended with a net loss of $10.9M, narrower than the previous quarter's $456.3M loss. Net interest and other expense of $15.1M was the main reason.
Operating cash flow was $19.5M. Non-cash charges added back $29.4M of depreciation and amortization and $4.2M of share-based compensation. Working capital and other items used $3.2M. Capital expenditures of $32.9M exceeded it, leaving free cash flow of −$13.4M.
Questions
What was Neogen's revenue in the third quarter fiscal 2025?
Neogen (NEOG) reported revenue of $221M for the third quarter fiscal 2025 (Q3 FY25), -3% from a year earlier and -4% from the quarter before.
Was Neogen profitable in the third quarter fiscal 2025?
Operating profit was $5.4M (2.4% of revenue) and net loss $10.9M.
Source: Neogen 10-Q on SEC EDGAR.