Filing Flows › Portillo's (PTLO) › Q3 2025
Portillo's (PTLO) Q3 2025 earnings results (third quarter 2025)
10-Q filed Nov 4, 2025
Portillo's (PTLO) reported revenue of $181M for the third quarter 2025 (Q3 2025), +2% from a year earlier and -4% from the quarter before. Operating margin was 3.0%, net earnings $782K (0.4% of revenue).
Portillo's, Q3 2025: revenue $181M (+2% year over year), operating margin 3.0%, net earnings $782K, operating cash flow $20.0M. The chart follows the revenue to costs, profit and cash.
| Q3 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $181M | -4% | +2% |
| Operating profit | $5.4M | -69% | — |
| Net earnings | $782K | -91% | — |
| Operating cash flow | $20.0M | +4% | -34% |
What changed
Revenue was $181.4M in Q3 2025, up 2% year over year and down 4% from the previous quarter.
Operating profit was $5.4M, a 3.0% margin (down 6.0 points year over year). Operating profit fell $10.6M even though revenue rose $3.2M versus a year earlier, so costs grew faster than sales. Total costs grew 8% against revenue growth of 2%. Net earnings were $1.2M, down 83% year over year ($782K including minority interests, which bore $432K of losses).
Operating cash flow was $20.0M (down 34% year over year), 2564% of net income including minority interests. Non-cash charges added back $7.3M of depreciation and amortization. Working capital and other items added $12.0M. Capital expenditures of $25.0M exceeded it, leaving free cash flow of −$5.0M.
Questions
What was Portillo's revenue in the third quarter 2025?
Portillo's (PTLO) reported revenue of $181M for the third quarter 2025 (Q3 2025), +2% from a year earlier and -4% from the quarter before.
Was Portillo's profitable in the third quarter 2025?
Operating profit was $5.4M (3.0% of revenue) and net earnings $782K.
Source: Portillo's 10-Q on SEC EDGAR.