Filing Flows › Surge Components (SPRS) › Q2 FY25
Surge Components (SPRS) Q2 FY25 earnings results (second quarter fiscal 2025)
10-Q filed Jul 14, 2025
Surge Components (SPRS) reported revenue of $8.9M for the second quarter fiscal 2025 (Q2 FY25), +21% from a year earlier and +23% from the quarter before. Operating margin was 0.7%, net earnings $118K (1.3% of revenue).
Surge Components, Q2 FY25: revenue $8.9M (+21% year over year), operating margin 0.7%, net earnings $118K, operating cash flow $210K. The chart follows the revenue to costs, profit and cash.
| Q2 FY25 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $8.9M | +23% | +21% |
| Gross profit | $2.7M | +31% | +34% |
| Operating profit | $61K | — | -46% |
| Net earnings | $118K | +106% | -40% |
| Operating cash flow | $210K | — | -54% |
| Free cash flow | $102K | — | — |
What changed
Revenue was $8.9M in Q2 FY25, up 21% year over year and up 23% from the previous quarter.
Gross margin was 30.2%, up 2.9 points from a year earlier. Operating profit was $61K, a 0.7% margin (down 0.9 points year over year). Operating profit fell $52K even though revenue rose $1.6M versus a year earlier, so costs grew faster than sales. Operating expenses grew 39% against revenue growth of 21%. Net earnings were $118K, down 40% year over year. The effective tax rate was 0.9%. Non-operating items added $58K, 49% of pre-tax earnings, so the bottom line overstates operating performance.
Operating cash flow was $210K (down 54% year over year), 178% of net earnings. Non-cash charges added back $19K of depreciation and amortization. Working capital and other items added $72K. Capital expenditures of $108K left free cash flow of $102K.
Questions
What was Surge Components' revenue in the second quarter fiscal 2025?
Surge Components (SPRS) reported revenue of $8.9M for the second quarter fiscal 2025 (Q2 FY25), +21% from a year earlier and +23% from the quarter before.
Was Surge Components profitable in the second quarter fiscal 2025?
Operating profit was $61K (0.7% of revenue) and net earnings $118K.
Source: Surge Components 10-Q on SEC EDGAR.