Filing Flows › Seer (SEER) › Q3 2025
Seer (SEER) Q3 2025 earnings results (third quarter 2025)
10-Q filed Nov 6, 2025
Seer (SEER) reported revenue of $4.1M for the third quarter 2025 (Q3 2025), +2% from a year earlier and +2% from the quarter before. Operating margin was -469.4%, net loss $18.2M (442.5% of revenue).
Seer, Q3 2025: revenue $4.1M (+2% year over year), operating margin -469.4%, net loss $18.2M, operating cash flow −$7.6M. The chart follows the revenue to costs, profit and cash.
| Q3 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $4.1M | +2% | +2% |
| Operating profit | −$19.3M | — | — |
| Net earnings | −$18.2M | — | — |
| Operating cash flow | −$7.6M | — | — |
What changed
Revenue was $4.1M in Q3 2025, up 2% year over year and up 2% from the previous quarter.
Gross margin was 51.2%, up 3.1 points from a year earlier. Operating costs exceeded revenue by $19.3M, an operating margin of -469.4%. Operating expenses fell 18% while revenue rose 2%. The quarter ended with a net loss of $18.2M, narrower than the previous quarter's $19.4M loss.
Operating cash flow was −$7.6M. Non-cash charges added back $1.2M of depreciation and amortization and $3.6M of share-based compensation. Working capital and other items added $5.9M. Capital expenditures of $283K exceeded it, leaving free cash flow of −$7.8M.
Questions
What was Seer's revenue in the third quarter 2025?
Seer (SEER) reported revenue of $4.1M for the third quarter 2025 (Q3 2025), +2% from a year earlier and +2% from the quarter before.
Was Seer profitable in the third quarter 2025?
Operating loss was $19.3M (-469.4% of revenue) and net loss $18.2M.
Source: Seer 10-Q on SEC EDGAR.