Filing Flows › OneMedNet (ONMD) › Q2 2025
OneMedNet (ONMD) Q2 2025 earnings results (second quarter 2025)
10-Q filed Aug 13, 2025
OneMedNet (ONMD) reported revenue of $155K for the second quarter 2025 (Q2 2025), -32% from a year earlier and +13% from the quarter before.
OneMedNet, Q2 2025: revenue $155K (-32% year over year), net earnings $3.0M, operating cash flow −$2.2M. The chart follows the revenue to costs, profit and cash.
| Q2 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $155K | +13% | -32% |
| Operating profit | −$2.1M | — | — |
| Net earnings | $3.0M | — | — |
| Operating cash flow | −$2.2M | — | — |
What changed
Revenue was $155K in Q2 2025, down 32% year over year and up 13% from the previous quarter. Web Imaging Revenue was the largest line at 70% of revenue. Subscription Revenue lost $94K year over year (down 67%), 131% of the total change.
Operating costs exceeded revenue by $2.1M, an operating margin of -1331.0%. Total costs fell 17% while revenue fell 32%. The fastest-growing cost line was Cost of revenue (+20%). Net earnings were $3.0M. The effective tax rate was 0.0%. Non-operating items added $5.0M, 169% of pre-tax earnings, so the bottom line overstates operating performance.
Operating cash flow was −$2.2M. Non-cash charges added back $34K of depreciation and amortization and $197K of share-based compensation. Working capital and other items used $5.4M. Capital expenditures of $3K exceeded it, leaving free cash flow of −$2.2M.
Questions
What was OneMedNet's revenue in the second quarter 2025?
OneMedNet (ONMD) reported revenue of $155K for the second quarter 2025 (Q2 2025), -32% from a year earlier and +13% from the quarter before.
Source: OneMedNet 10-Q on SEC EDGAR.