Filing Flows › Perimeter Group (PRM) › Q2 2025
Perimeter Group (PRM) Q2 2025 earnings results (second quarter 2025)
10-Q filed Aug 7, 2025
Perimeter Group (PRM) reported revenue of $163M for the second quarter 2025 (Q2 2025), +28% from a year earlier and +126% from the quarter before. Operating margin was -16.1%, net loss $32.2M (19.8% of revenue).
Perimeter Group, Q2 2025: revenue $163M (+28% year over year), operating margin -16.1%, net loss $32.2M, operating cash flow −$2.9M. The chart follows the revenue to costs, profit and cash.
| Q2 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $163M | +126% | +28% |
| Operating profit | −$26.2M | -134% | — |
| Net earnings | −$32.2M | -157% | — |
| Operating cash flow | −$2.9M | -112% | — |
What changed
Revenue was $162.6M in Q2 2025, up 28% year over year and up 126% from the previous quarter. Revenues from products was the largest line at 80% of revenue. Revenues from products added $36.0M year over year (up 38%), 102% of the total change. Other revenues declined 79%.
Gross margin was 62.4%, up 4.8 points from a year earlier. Operating costs exceeded revenue by $26.2M, an operating margin of -16.1%. Operating expenses grew 352% against revenue growth of 28%. The fastest-growing cost line was Other operating costs (+679%). The quarter ended with a net loss of $32.2M, after a profit of $56.7M the previous quarter.
Operating cash flow was −$2.9M. Non-cash charges added back $17.9M of depreciation and amortization and $2.2M of share-based compensation. Working capital and other items added $9.1M. Capital expenditures of $12.8M exceeded it, leaving free cash flow of −$15.6M.
Questions
What was Perimeter Group's revenue in the second quarter 2025?
Perimeter Group (PRM) reported revenue of $163M for the second quarter 2025 (Q2 2025), +28% from a year earlier and +126% from the quarter before.
Was Perimeter Group profitable in the second quarter 2025?
Operating loss was $26.2M (-16.1% of revenue) and net loss $32.2M.
Source: Perimeter Group 10-Q on SEC EDGAR.