Filing Flows › Orion S.A. (OEC) › Q3 2025
Orion S.A. (OEC) Q3 2025 earnings results (third quarter 2025)
10-Q filed Nov 4, 2025
Orion S.A. (OEC) reported revenue of $451M for the third quarter 2025 (Q3 2025), -3% from a year earlier and -3% from the quarter before. Operating margin was -11.9%, net loss $67.1M (14.9% of revenue).
Orion S.A., Q3 2025: revenue $451M (-3% year over year), operating margin -11.9%, net loss $67.1M, operating cash flow $68.8M. The chart follows the revenue to costs, profit and cash.
| Q3 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $451M | -3% | -3% |
| Operating profit | −$53.7M | -267% | — |
| Net earnings | −$67.1M | -846% | — |
| Operating cash flow | $68.8M | +28% | — |
| Free cash flow | $27.9M | +143% | — |
What changed
Revenue was $450.9M in Q3 2025, down 3% year over year and down 3% from the previous quarter.
Gross margin was 19.0%, down 4.2 points from a year earlier. Operating costs exceeded revenue by $53.7M, an operating margin of -11.9%. Operating expenses grew 13% against a revenue fall of 3%. The fastest-growing cost line was Other operating costs (+29%). The quarter ended with a net loss of $67.1M, after a profit of $9.0M the previous quarter.
Operating cash flow was $68.8M. Non-cash charges added back $33.7M of depreciation and amortization and $3.7M of share-based compensation. Working capital and other items added $98.5M. Capital expenditures of $40.9M left free cash flow of $27.9M.
Questions
What was Orion S.A.'s revenue in the third quarter 2025?
Orion S.A.
Was Orion S.A. profitable in the third quarter 2025?
Operating loss was $53.7M (-11.9% of revenue) and net loss $67.1M.
Source: Orion S.A. 10-Q on SEC EDGAR.