Filing Flows › Nutex Health (NUTX) › Q3 2025
Nutex Health (NUTX) Q3 2025 earnings results (third quarter 2025)
10-Q filed Nov 19, 2025
Nutex Health (NUTX) reported revenue of $268M for the third quarter 2025 (Q3 2025), +240% from a year earlier and +10% from the quarter before. Operating margin was 48.7%, net earnings $55.4M (20.7% of revenue).
Nutex Health, Q3 2025: revenue $268M (+240% year over year), operating margin 48.7%, net earnings $55.4M, operating cash flow $99.5M. The chart follows the revenue to costs, profit and cash.
| Q3 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $268M | +10% | +240% |
| Gross profit | $155M | +24% | +607% |
| Operating profit | $130M | +287% | 13× |
| Net earnings | $55.4M | — | — |
| Operating cash flow | $99.5M | +265% | 15× |
| Free cash flow | $99.2M | +274% | 16× |
What changed
Revenue was $267.8M in Q3 2025, up 240% year over year and up 10% from the previous quarter. Hospital division was the largest line at 97% of revenue. Hospital division added $188.5M year over year (up 263%), 100% of the total change.
Gross margin was 57.8%, up 30.0 points from a year earlier. Operating profit was $130.4M, a 48.7% margin (up 36.4 points year over year). Of the extra revenue versus a year earlier, 64% reached operating profit, above the 12% margin then. Operating expenses grew 100% against revenue growth of 240%. The fastest-growing cost line was Other operating costs (+453%). Net earnings were $55.4M. The effective tax rate was 21.9%.
Operating cash flow was $99.5M (up 1366% year over year), 103% of net income including minority interests. Non-cash charges added back $5.0M of depreciation and amortization and $22.9M of share-based compensation. Working capital and other items used $25.2M. Capital expenditures of $302K left free cash flow of $99.2M.
Questions
What was Nutex Health's revenue in the third quarter 2025?
Nutex Health (NUTX) reported revenue of $268M for the third quarter 2025 (Q3 2025), +240% from a year earlier and +10% from the quarter before.
Was Nutex Health profitable in the third quarter 2025?
Operating profit was $130M (48.7% of revenue) and net earnings $55.4M.
Source: Nutex Health 10-Q on SEC EDGAR.