Filing Flows › Pamt (PAMT) › Q3 2025
Pamt (PAMT) Q3 2025 earnings results (third quarter 2025)
10-Q filed Nov 5, 2025
Pamt (PAMT) reported revenue of $150M for the third quarter 2025 (Q3 2025), -18% from a year earlier and -0.6% from the quarter before. Operating margin was -3.8%, net loss $5.6M (3.7% of revenue).
Pamt, Q3 2025: revenue $150M (-18% year over year), operating margin -3.8%, net loss $5.6M, operating cash flow $5.9M. The chart follows the revenue to costs, profit and cash.
| Q3 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $150M | -0.6% | -18% |
| Operating profit | −$5.7M | — | — |
| Net earnings | −$5.6M | — | — |
| Operating cash flow | $5.9M | -51% | -62% |
| Free cash flow | $2.5M | -57% | — |
What changed
Revenue was $150.3M in Q3 2025, down 18% year over year and down 1% from the previous quarter. Freight Transportation Service was the largest line at 88% of revenue. Freight Transportation Service lost $27.9M year over year (down 17%), 86% of the total change.
Operating costs exceeded revenue by $5.7M, an operating margin of -3.8%. Total costs fell 13% while revenue fell 18%. The quarter ended with a net loss of $5.6M, narrower than the previous quarter's $9.6M loss.
Operating cash flow was $5.9M (down 62% year over year). Non-cash charges added back $19.8M of depreciation and $185K of share-based compensation. Working capital and other items used $8.5M. Capital expenditures of $3.4M left free cash flow of $2.5M.
Questions
What was Pamt's revenue in the third quarter 2025?
Pamt (PAMT) reported revenue of $150M for the third quarter 2025 (Q3 2025), -18% from a year earlier and -0.6% from the quarter before.
Was Pamt profitable in the third quarter 2025?
Operating loss was $5.7M (-3.8% of revenue) and net loss $5.6M.
Source: Pamt 10-Q on SEC EDGAR.