Filing Flows › People (PPLI) › Q3 2025
People (PPLI) Q3 2025 earnings results (third quarter 2025)
10-Q filed Nov 3, 2025
People (PPLI) reported revenue of $590M for the third quarter 2025 (Q3 2025), -8% from a year earlier and +0.5% from the quarter before. Operating margin was -3.5%, net loss $21.7M (3.7% of revenue).
People, Q3 2025: revenue $590M (-8% year over year), operating margin -3.5%, net loss $21.7M, operating cash flow $30.1M. The chart follows the revenue to costs, profit and cash.
| Q3 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $590M | +0.5% | -8% |
| Operating profit | −$20.4M | -3647% | — |
| Net earnings | −$21.7M | -110% | — |
| Operating cash flow | $30.1M | +22% | -68% |
| Free cash flow | $25.3M | +25% | -73% |
What changed
Revenue was $589.8M in Q3 2025, down 8% year over year and roughly flat from the previous quarter.
Operating costs exceeded revenue by $20.4M, an operating margin of -3.5%. Total costs fell 4% while revenue fell 8%. The fastest-growing cost line was General & admin (+22%). The quarter ended with a net loss of $21.7M, after a profit of $210.6M the previous quarter. Net interest and other expense of $28.6M was the main reason.
Operating cash flow was $30.1M (down 68% year over year). Non-cash charges added back $31.5M of depreciation and amortization and $17.0M of share-based compensation. Working capital and other items added $3.4M. Capital expenditures of $4.9M left free cash flow of $25.3M.
Questions
What was People's revenue in the third quarter 2025?
People (PPLI) reported revenue of $590M for the third quarter 2025 (Q3 2025), -8% from a year earlier and +0.5% from the quarter before.
Was People profitable in the third quarter 2025?
Operating loss was $20.4M (-3.5% of revenue) and net loss $21.7M.
Source: People 10-Q on SEC EDGAR.