Filing Flows › Super League Enterprise (SLE) › Q3 2025
Super League Enterprise (SLE) Q3 2025 earnings results (third quarter 2025)
10-Q filed Nov 14, 2025
Super League Enterprise (SLE) reported revenue of $2.4M for the third quarter 2025 (Q3 2025), -45% from a year earlier and -19% from the quarter before. Operating margin was -125.9%, net loss $3.6M (147.0% of revenue).
Super League Enterprise, Q3 2025: revenue $2.4M (-45% year over year), operating margin -125.9%, net loss $3.6M, operating cash flow −$2.8M. The chart follows the revenue to costs, profit and cash.
| Q3 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $2.4M | -19% | -45% |
| Operating profit | −$3.1M | — | — |
| Net earnings | −$3.6M | — | — |
| Operating cash flow | −$2.8M | — | — |
What changed
Revenue was $2.4M in Q3 2025, down 45% year over year and down 19% from the previous quarter. Publishing and Content Studio was the largest line at 58% of revenue. Publishing and Content Studio lost $1.2M year over year (down 47%), 62% of the total change.
Gross margin was 44.6%, up 5.6 points from a year earlier. Operating costs exceeded revenue by $3.1M, an operating margin of -125.9%. Operating expenses fell 20% while revenue fell 45%. The quarter ended with a net loss of $3.6M, wider than the previous quarter's $2.8M loss.
Operating cash flow was −$2.8M. Non-cash charges added back $516K of depreciation and amortization and $613K of share-based compensation. Working capital and other items used $377K.
Questions
What was Super League Enterprise's revenue in the third quarter 2025?
Super League Enterprise (SLE) reported revenue of $2.4M for the third quarter 2025 (Q3 2025), -45% from a year earlier and -19% from the quarter before.
Was Super League Enterprise profitable in the third quarter 2025?
Operating loss was $3.1M (-125.9% of revenue) and net loss $3.6M.