Filing Flows › Siga Technologies (SIGA) › Q2 2025
Siga Technologies (SIGA) Q2 2025 earnings results (second quarter 2025)
10-Q filed Aug 5, 2025
Siga Technologies (SIGA) reported revenue of $81.1M for the second quarter 2025 (Q2 2025), +272% from a year earlier and up 12-fold from the quarter before. Operating margin was 56.3%, net earnings $35.5M (43.7% of revenue).
Siga Technologies, Q2 2025: revenue $81.1M (+272% year over year), operating margin 56.3%, net earnings $35.5M, operating cash flow $63.1M. The chart follows the revenue to costs, profit and cash.
| Q2 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $81.1M | 12× | +272% |
| Operating profit | $45.7M | — | 42× |
| Net earnings | $35.5M | — | 19× |
| Operating cash flow | $63.1M | +793% | +960% |
| Free cash flow | $63.1M | +796% | +960% |
What changed
Revenue was $81.1M in Q2 2025, up 272% year over year and up 1052% from the previous quarter. Product Sales and Supportive Services was the largest line at 98% of revenue. Product Sales and Supportive Services added $58.4M year over year (up 283%), 99% of the total change.
Operating profit was $45.7M, a 56.3% margin (up 51.4 points year over year). Of the extra revenue versus a year earlier, 75% reached operating profit, above the 5% margin then. Total costs grew 71% against revenue growth of 272%. The fastest-growing cost line was Cost of revenue (+108%). Net earnings were $35.5M, up 1836% year over year. The effective tax rate was 24.9%.
Operating cash flow was $63.1M (up 960% year over year), 178% of net earnings. Non-cash charges added back $139K of depreciation and amortization and $1.2M of share-based compensation. Working capital and other items added $26.2M. Capital expenditures of $0K left free cash flow of $63.1M.
Questions
What was Siga Technologies' revenue in the second quarter 2025?
Siga Technologies (SIGA) reported revenue of $81.1M for the second quarter 2025 (Q2 2025), +272% from a year earlier and up 12-fold from the quarter before.
Was Siga Technologies profitable in the second quarter 2025?
Operating profit was $45.7M (56.3% of revenue) and net earnings $35.5M.
Source: Siga Technologies 10-Q on SEC EDGAR.