Filing Flows › SBC Medical Group Holdings (SBC) › Q3 2025
SBC Medical Group Holdings (SBC) Q3 2025 earnings results (third quarter 2025)
10-Q filed Nov 14, 2025
SBC Medical Group Holdings (SBC) reported revenue of $43.4M for the third quarter 2025 (Q3 2025), -18% from a year earlier and 0% from the quarter before. Operating margin was 36.6%, net earnings $12.8M (29.6% of revenue).
SBC Medical Group Holdings, Q3 2025: revenue $43.4M (-18% year over year), operating margin 36.6%, net earnings $12.8M, operating cash flow −$20.9M. The chart follows the revenue to costs, profit and cash.
| Q3 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $43.4M | 0% | -18% |
| Gross profit | $30.6M | +2% | -29% |
| Operating profit | $15.9M | +9% | +15% |
| Net earnings | $12.8M | +426% | +353% |
| Operating cash flow | −$20.9M | — | — |
What changed
Revenue was $43.4M in Q3 2025, down 18% year over year and roughly flat from the previous quarter. Procurement Services was the largest line at 31% of revenue. Franchising lost $5.8M year over year (down 37%), 59% of the total change.
Gross margin was 70.6%, down 10.8 points from a year earlier. Operating profit was $15.9M, a 36.6% margin (up 10.6 points year over year). Operating expenses fell 50% while revenue fell 18%. Net earnings were $12.8M, up 353% year over year. The effective tax rate was 30.7%.
Operating cash flow was −$20.9M. Non-cash charges added back $746K of depreciation and amortization. Working capital and other items used $34.5M. Capital expenditures of $43K exceeded it, leaving free cash flow of −$20.9M.
Questions
What was SBC Medical Group Holdings' revenue in the third quarter 2025?
SBC Medical Group Holdings (SBC) reported revenue of $43.4M for the third quarter 2025 (Q3 2025), -18% from a year earlier and 0% from the quarter before.
Was SBC Medical Group Holdings profitable in the third quarter 2025?
Operating profit was $15.9M (36.6% of revenue) and net earnings $12.8M.