Filing Flows › Sturm Ruger (RGR) › Q3 2025
Sturm Ruger (RGR) Q3 2025 earnings results (third quarter 2025)
10-Q filed Nov 5, 2025
Sturm Ruger (RGR) reported revenue of $127M for the third quarter 2025 (Q3 2025), +4% from a year earlier and -4% from the quarter before. Operating margin was -2.7%, net earnings $1.6M (1.2% of revenue).
Sturm Ruger, Q3 2025: revenue $127M (+4% year over year), operating margin -2.7%, net earnings $1.6M, operating cash flow $12.9M. The chart follows the revenue to costs, profit and cash.
| Q3 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $127M | -4% | +4% |
| Operating profit | −$3.5M | — | — |
| Net earnings | $1.6M | — | — |
| Operating cash flow | $12.9M | -13% | +37% |
| Free cash flow | $7.0M | -23% | +168% |
What changed
Revenue was $126.8M in Q3 2025, up 4% year over year and down 4% from the previous quarter. Firearms was the largest line at 99% of revenue. Firearms added $4.6M year over year (up 4%), 103% of the total change. Unaffiliated Castings declined 18%.
Gross margin was 15.1%, down 3.4 points from a year earlier. Operating costs exceeded revenue by $3.5M, an operating margin of -2.7%. Operating expenses grew 20% against revenue growth of 4%. The fastest-growing cost line was General & admin (+36%). Net earnings were $1.6M, down 67% year over year. Non-operating items added $1.4M, -65% of pre-tax earnings, so the bottom line overstates operating performance.
Operating cash flow was $12.9M (up 37% year over year), 815% of net earnings. Non-cash charges added back $5.6M of depreciation and amortization and $1.3M of share-based compensation. Working capital and other items added $4.4M. Capital expenditures of $5.9M left free cash flow of $7.0M.
Questions
What was Sturm Ruger's revenue in the third quarter 2025?
Sturm Ruger (RGR) reported revenue of $127M for the third quarter 2025 (Q3 2025), +4% from a year earlier and -4% from the quarter before.
Was Sturm Ruger profitable in the third quarter 2025?
Operating loss was $3.5M (-2.7% of revenue) and net earnings $1.6M.
Source: Sturm Ruger 10-Q on SEC EDGAR.