Filing Flows › EBR Systems (NONE.) › Q3 2025
EBR Systems (NONE.) Q3 2025 earnings results (third quarter 2025)
10-Q filed Nov 12, 2025
EBR Systems (NONE.) reported revenue of $512K for the third quarter 2025 (Q3 2025) and +201% from the quarter before.
EBR Systems, Q3 2025: revenue $512K, net loss $12.2M, operating cash flow −$13.1M. The chart follows the revenue to costs, profit and cash.
| Q3 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $512K | +201% | — |
| Operating profit | −$11.9M | — | — |
| Net earnings | −$12.2M | — | — |
| Operating cash flow | −$13.1M | — | — |
What changed
Revenue was $512K in Q3 2025, up 201% from the previous quarter. WiSE CRT System was the largest line at 94% of revenue.
Gross margin was 43.7%. Operating costs exceeded revenue by $11.9M, an operating margin of -2320.1%. The quarter ended with a net loss of $12.2M, wider than the previous quarter's $12.0M loss.
Operating cash flow was −$13.1M. Non-cash charges added back $91K of depreciation and amortization and $929K of share-based compensation. Working capital and other items used $2.0M. Capital expenditures of $1.3M exceeded it, leaving free cash flow of −$14.4M.
Questions
What was EBR Systems' revenue in the third quarter 2025?
EBR Systems (NONE.) reported revenue of $512K for the third quarter 2025 (Q3 2025) and +201% from the quarter before.
Source: EBR Systems 10-Q on SEC EDGAR.