Filing Flows › Perimeter Group (PRM) › Q3 2025
Perimeter Group (PRM) Q3 2025 earnings results (third quarter 2025)
10-Q filed Oct 30, 2025
Perimeter Group (PRM) reported revenue of $315M for the third quarter 2025 (Q3 2025), +9% from a year earlier and +94% from the quarter before. Operating margin was -27.7%, net loss $90.7M (28.7% of revenue).
Perimeter Group, Q3 2025: revenue $315M (+9% year over year), operating margin -27.7%, net loss $90.7M, operating cash flow $199M. The chart follows the revenue to costs, profit and cash.
| Q3 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $315M | +94% | +9% |
| Operating profit | −$87.3M | — | — |
| Net earnings | −$90.7M | — | — |
| Operating cash flow | $199M | — | +9% |
| Free cash flow | $194M | — | +8% |
What changed
Revenue was $315.4M in Q3 2025, up 9% year over year and up 94% from the previous quarter. Revenues from products was the largest line at 82% of revenue. Revenues from products added $23.2M year over year (up 10%), 86% of the total change. Other revenues declined 25%.
Gross margin was 63.1%, up 0.3 points from a year earlier. Operating costs exceeded revenue by $87.3M, an operating margin of -27.7%. Operating expenses grew 32% against revenue growth of 9%. The fastest-growing cost line was Other operating costs (+33%). The quarter ended with a net loss of $90.7M, wider than the previous quarter's $32.2M loss.
Operating cash flow was $198.7M (up 9% year over year). Non-cash charges added back $18.8M of depreciation and amortization and $6.5M of share-based compensation. Working capital and other items added $264.0M. Capital expenditures of $5.0M left free cash flow of $193.6M.
Questions
What was Perimeter Group's revenue in the third quarter 2025?
Perimeter Group (PRM) reported revenue of $315M for the third quarter 2025 (Q3 2025), +9% from a year earlier and +94% from the quarter before.
Was Perimeter Group profitable in the third quarter 2025?
Operating loss was $87.3M (-27.7% of revenue) and net loss $90.7M.
Source: Perimeter Group 10-Q on SEC EDGAR.