Filing Flows › Rayonier Advanced Materials (RYAM) › Q3 2025
Rayonier Advanced Materials (RYAM) Q3 2025 earnings results (third quarter 2025)
10-Q filed Nov 5, 2025
Rayonier Advanced Materials (RYAM) reported revenue of $353M for the third quarter 2025 (Q3 2025), -12% from a year earlier and +4% from the quarter before. Operating margin was 2.8%, net loss $4.4M (1.3% of revenue).
Rayonier Advanced Materials, Q3 2025: revenue $353M (-12% year over year), operating margin 2.8%, net loss $4.4M, operating cash flow −$17.8M. The chart follows the revenue to costs, profit and cash.
| Q3 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $353M | +4% | -12% |
| Operating profit | $9.7M | — | — |
| Net earnings | −$4.4M | — | — |
| Operating cash flow | −$17.8M | — | — |
What changed
Revenue was $352.8M in Q3 2025, down 12% year over year and up 4% from the previous quarter.
Gross margin was 9.7%, down 1.2 points from a year earlier. Operating profit was $9.7M, a 2.8% margin (up 6.9 points year over year). Operating expenses fell 60% while revenue fell 12%. The quarter ended with a net loss of $4.4M, narrower than the previous quarter's $363.2M loss. Net interest and other expense of $24.5M was the main reason.
Operating cash flow was −$17.8M. Non-cash charges added back $33.1M of depreciation and amortization and $2.0M of share-based compensation. Working capital and other items used $48.5M. Capital expenditures of $17.4M exceeded it, leaving free cash flow of −$35.2M.
Questions
What was Rayonier Advanced Materials' revenue in the third quarter 2025?
Rayonier Advanced Materials (RYAM) reported revenue of $353M for the third quarter 2025 (Q3 2025), -12% from a year earlier and +4% from the quarter before.
Was Rayonier Advanced Materials profitable in the third quarter 2025?
Operating profit was $9.7M (2.8% of revenue) and net loss $4.4M.