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Powercompute (PWCM) Q3 2025 earnings results (third quarter 2025)

10-Q filed Nov 14, 2025

Powercompute (PWCM) reported revenue of $2.2M for the third quarter 2025 (Q3 2025), +74% from a year earlier and +13% from the quarter before. Operating margin was -161.5%, net loss $3.7M (171.0% of revenue).

Revenue$2.2M
Year over year+74%
Quarter over quarter+13%
Operating margin-161.5%
Net earnings−$3.7M

Powercompute, Q3 2025: revenue $2.2M (+74% year over year), operating margin -161.5%, net loss $3.7M, operating cash flow −$3.1M. The chart follows the revenue to costs, profit and cash.

Q3 2025AmountQ/QY/Y
Revenue$2.2M+13%+74%
Operating profit−$3.5M-930%—
Net earnings−$3.7M-3804%—
Operating cash flow−$3.1M——

What changed

Revenue was $2.2M in Q3 2025, up 74% year over year and up 13% from the previous quarter.

Operating costs exceeded revenue by $3.5M, an operating margin of -161.5%. Total costs grew 8% against revenue growth of 74%. The fastest-growing cost line was SG&A (+114%). The quarter ended with a net loss of $3.7M, after a profit of $60K the previous quarter.

Operating cash flow was −$3.1M. Non-cash charges added back $2.0M of depreciation and amortization. Working capital and other items used $1.3M. Capital expenditures of $258K exceeded it, leaving free cash flow of −$3.3M.

Questions

What was Powercompute's revenue in the third quarter 2025?

Powercompute (PWCM) reported revenue of $2.2M for the third quarter 2025 (Q3 2025), +74% from a year earlier and +13% from the quarter before.

Was Powercompute profitable in the third quarter 2025?

Operating loss was $3.5M (-161.5% of revenue) and net loss $3.7M.

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Source: Powercompute 10-Q on SEC EDGAR.