Filing Flows › Ingevity (NGVT) › Q2 2025
Ingevity (NGVT) Q2 2025 earnings results (second quarter 2025)
10-Q filed Aug 5, 2025
Ingevity (NGVT) reported revenue of $365M for the second quarter 2025 (Q2 2025), -7% from a year earlier and +29% from the quarter before. Operating margin was -39.1%, net loss $146M (40.1% of revenue).
Ingevity, Q2 2025: revenue $365M (-6% year over year), operating margin -39.1%, net loss $146M, operating cash flow $79.0M. The chart follows the revenue to costs, profit and cash.
| Q2 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $365M | +29% | -7% |
| Operating profit | −$143M | -632% | — |
| Net earnings | −$146M | -815% | — |
| Operating cash flow | $79.0M | +211% | +166% |
| Free cash flow | $66.8M | — | +476% |
What changed
Revenue was $365.1M in Q2 2025, down 7% year over year and up 29% from the previous quarter.
Gross margin was 37.8%, up 6.2 points from a year earlier. Operating costs exceeded revenue by $142.7M, an operating margin of -39.1%. Operating expenses grew 1181% against a revenue fall of 7%. The quarter ended with a net loss of $146.5M, after a profit of $20.5M the previous quarter.
Operating cash flow was $79.0M (up 166% year over year). Non-cash charges added back $25.6M of depreciation and amortization and $4.4M of share-based compensation. Working capital and other items added $195.5M. After capital expenditures ($12.2M), free cash flow as the company reports it was $66.8M.
Questions
What was Ingevity's revenue in the second quarter 2025?
Ingevity (NGVT) reported revenue of $365M for the second quarter 2025 (Q2 2025), -7% from a year earlier and +29% from the quarter before.
Was Ingevity profitable in the second quarter 2025?
Operating loss was $143M (-39.1% of revenue) and net loss $146M.
Source: Ingevity 10-Q on SEC EDGAR.