Filing Flows › Portillo's (PTLO) › Q2 2025
Portillo's (PTLO) Q2 2025 earnings results (second quarter 2025)
10-Q filed Aug 5, 2025
Portillo's (PTLO) reported revenue of $188M for the second quarter 2025 (Q2 2025), +4% from a year earlier and +7% from the quarter before. Operating margin was 9.3%, net earnings $8.7M (4.6% of revenue).
Portillo's, Q2 2025: revenue $188M (+4% year over year), operating margin 9.3%, net earnings $8.7M, operating cash flow $19.2M. The chart follows the revenue to costs, profit and cash.
| Q2 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $188M | +7% | +4% |
| Operating profit | $17.5M | +69% | -3% |
| Net earnings | $8.7M | +163% | +35% |
| Operating cash flow | $19.2M | +104% | -41% |
| Free cash flow | $5.2M | — | -67% |
What changed
Revenue was $188.5M in Q2 2025, up 4% year over year and up 7% from the previous quarter.
Operating profit was $17.5M, a 9.3% margin (down 0.7 points year over year). Operating profit fell $584K even though revenue rose $6.6M versus a year earlier, so costs grew faster than sales. Total costs grew 4% against revenue growth of 4%. Net earnings were $8.7M, up 35% year over year. The effective tax rate was 26.8%.
Operating cash flow was $19.2M (down 41% year over year), 192% of net income including minority interests. Non-cash charges added back $7.1M of depreciation and amortization and $2.7M of share-based compensation. Capital expenditures of $14.0M left free cash flow of $5.2M.
Questions
What was Portillo's revenue in the second quarter 2025?
Portillo's (PTLO) reported revenue of $188M for the second quarter 2025 (Q2 2025), +4% from a year earlier and +7% from the quarter before.
Was Portillo's profitable in the second quarter 2025?
Operating profit was $17.5M (9.3% of revenue) and net earnings $8.7M.
Source: Portillo's 10-Q on SEC EDGAR.