Filing Flows › Planet Green Holdings (PLAG) › Q3 2025
Planet Green Holdings (PLAG) Q3 2025 earnings results (third quarter 2025)
10-Q filed Nov 14, 2025
Planet Green Holdings (PLAG) reported revenue of $772K for the third quarter 2025 (Q3 2025), -47% from a year earlier and -15% from the quarter before. Operating margin was -435.0%.
Planet Green Holdings, Q3 2025: revenue $772K (-47% year over year), operating margin -435.0%, net loss $12.1M, operating cash flow $697K. The chart follows the revenue to costs, profit and cash.
| Q3 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $772K | -15% | -47% |
| Operating profit | −$3.4M | — | — |
| Net earnings | −$12.1M | — | — |
| Operating cash flow | $697K | — | -36% |
| Free cash flow | $697K | — | -36% |
What changed
Revenue was $772K in Q3 2025, down 47% year over year and down 15% from the previous quarter.
Gross margin was 3.7%, down 2.9 points from a year earlier. Operating costs exceeded revenue by $3.4M, an operating margin of -435.0%. Operating expenses grew 575% against a revenue fall of 47%. The fastest-growing cost line was General & admin (+593%). The quarter ended with a net loss of $12.1M, wider than the previous quarter's $774K loss. Net interest and other expense of $8.8M was the main reason.
Operating cash flow was $697K (down 36% year over year). Non-cash charges added back $56K of depreciation and amortization. Working capital and other items added $12.8M. Capital expenditures of $0K left free cash flow of $697K.
Questions
What was Planet Green Holdings' revenue in the third quarter 2025?
Planet Green Holdings (PLAG) reported revenue of $772K for the third quarter 2025 (Q3 2025), -47% from a year earlier and -15% from the quarter before.
Was Planet Green Holdings profitable in the third quarter 2025?
Operating loss was $3.4M (-435.0% of revenue) and net loss $12.1M.