Filing Flows › QuidelOrtho (QDEL) › Q3 2025
QuidelOrtho (QDEL) Q3 2025 earnings results (third quarter 2025)
10-Q filed Nov 6, 2025
QuidelOrtho (QDEL) reported revenue of $700M for the third quarter 2025 (Q3 2025), -4% from a year earlier and +14% from the quarter before. Operating margin was -100.7%, net loss $733M (104.7% of revenue).
QuidelOrtho, Q3 2025: revenue $700M (-4% year over year), operating margin -100.7%, net loss $733M, operating cash flow −$45.5M. The chart follows the revenue to costs, profit and cash.
| Q3 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $700M | +14% | -4% |
| Operating profit | −$705M | — | — |
| Net earnings | −$733M | — | — |
| Operating cash flow | −$45.5M | — | — |
What changed
Revenue was $699.9M in Q3 2025, down 4% year over year and up 14% from the previous quarter.
Operating costs exceeded revenue by $704.8M, an operating margin of -100.7%. Total costs grew 97% against a revenue fall of 4%. The fastest-growing cost line was Other operating costs (+755%). The quarter ended with a net loss of $733.0M, wider than the previous quarter's $255.4M loss.
Operating cash flow was −$45.5M. Non-cash charges added back $112.1M of depreciation and amortization and $10.7M of share-based compensation. Working capital and other items added $564.7M. Capital expenditures of $50.0M exceeded it, leaving free cash flow of −$95.5M.
Questions
What was QuidelOrtho's revenue in the third quarter 2025?
QuidelOrtho (QDEL) reported revenue of $700M for the third quarter 2025 (Q3 2025), -4% from a year earlier and +14% from the quarter before.
Was QuidelOrtho profitable in the third quarter 2025?
Operating loss was $705M (-100.7% of revenue) and net loss $733M.
Source: QuidelOrtho 10-Q on SEC EDGAR.