Filing Flows › Shimmick (SHIM) › Q3 2025
Shimmick (SHIM) Q3 2025 earnings results (third quarter 2025)
10-Q filed Nov 13, 2025
Shimmick (SHIM) reported revenue of $142M for the third quarter 2025 (Q3 2025), -15% from a year earlier and +11% from the quarter before. Operating margin was -2.2%, net loss $4.4M (3.1% of revenue).
Shimmick, Q3 2025: revenue $142M (-14% year over year), operating margin -2.2%, net loss $4.4M, operating cash flow −$23.7M. The chart follows the revenue to costs, profit and cash.
| Q3 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $142M | +11% | -15% |
| Operating profit | −$3.2M | — | — |
| Net earnings | −$4.4M | — | — |
| Operating cash flow | −$23.7M | — | — |
What changed
Revenue was $141.9M in Q3 2025, down 15% year over year and up 11% from the previous quarter.
Gross margin was 7.6%, up 0.3 points from a year earlier. Operating costs exceeded revenue by $3.2M, an operating margin of -2.2%. Operating expenses grew 27% against a revenue fall of 15%. The quarter ended with a net loss of $4.4M, narrower than the previous quarter's $8.4M loss.
Operating cash flow was −$23.7M. Non-cash charges added back $3.1M of depreciation and amortization and $1.2M of share-based compensation. Working capital and other items used $23.7M. Capital expenditures of $5.0M exceeded it, leaving free cash flow of −$28.7M.
Questions
What was Shimmick's revenue in the third quarter 2025?
Shimmick (SHIM) reported revenue of $142M for the third quarter 2025 (Q3 2025), -15% from a year earlier and +11% from the quarter before.
Was Shimmick profitable in the third quarter 2025?
Operating loss was $3.2M (-2.2% of revenue) and net loss $4.4M.
Source: Shimmick 10-Q on SEC EDGAR.