Filing Flows › Rocky Brands (RCKY) › Q3 2025
Rocky Brands (RCKY) Q3 2025 earnings results (third quarter 2025)
10-Q filed Nov 6, 2025
Rocky Brands (RCKY) reported revenue of $123M for the third quarter 2025 (Q3 2025), +7% from a year earlier and +16% from the quarter before. Operating margin was 9.6%, net earnings $7.2M (5.9% of revenue).
Rocky Brands, Q3 2025: revenue $123M (+7% year over year), operating margin 9.6%, net earnings $7.2M, operating cash flow −$3.3M. The chart follows the revenue to costs, profit and cash.
| Q3 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $123M | +16% | +7% |
| Gross profit | $49.3M | +14% | +13% |
| Operating profit | $11.7M | +64% | +17% |
| Net earnings | $7.2M | +100% | +37% |
| Operating cash flow | −$3.3M | -510% | — |
What changed
Revenue was $122.5M in Q3 2025, up 7% year over year and up 16% from the previous quarter. Wholesale was the largest line at 73% of revenue. Wholesale added $5.1M year over year (up 6%), 64% of the total change.
Gross margin was 40.2%, up 2.1 points from a year earlier. Operating profit was $11.7M, a 9.6% margin (up 0.8 points year over year). Of the extra revenue versus a year earlier, 21% reached operating profit, above the 9% margin then. Operating expenses grew 12% against revenue growth of 7%. Net earnings were $7.2M, up 37% year over year. The effective tax rate was 22.0%.
Operating cash flow was −$3.3M. Non-cash charges added back $2.5M of depreciation and amortization and $418K of share-based compensation. Working capital and other items used $13.5M. Capital expenditures of $1.8M exceeded it, leaving free cash flow of −$5.2M.
Questions
What was Rocky Brands' revenue in the third quarter 2025?
Rocky Brands (RCKY) reported revenue of $123M for the third quarter 2025 (Q3 2025), +7% from a year earlier and +16% from the quarter before.
Was Rocky Brands profitable in the third quarter 2025?
Operating profit was $11.7M (9.6% of revenue) and net earnings $7.2M.
Source: Rocky Brands 10-Q on SEC EDGAR.