Filing Flows › SRX Global (SRXH) › Q3 FY25
SRX Global (SRXH) Q3 FY25 earnings results (third quarter fiscal 2025)
10-Q filed Sep 30, 2025
SRX Global (SRXH) reported revenue of $11.4M for the third quarter fiscal 2025 (Q3 FY25), -73% from a year earlier and +60% from the quarter before. Operating margin was -152.2%, net earnings $21.0M (183.3% of revenue).
SRX Global, Q3 FY25: revenue $11.4M (-73% year over year), operating margin -152.2%, net earnings $21.0M, operating cash flow −$15.8M. The chart follows the revenue to costs, profit and cash.
| Q3 FY25 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $11.4M | +60% | -73% |
| Operating profit | −$17.4M | — | — |
| Net earnings | $21.0M | — | — |
| Operating cash flow | −$15.8M | -4219% | — |
What changed
Revenue was $11.4M in Q3 FY25, down 73% year over year and up 60% from the previous quarter.
Gross margin was 29.9%, up 7.8 points from a year earlier. Operating costs exceeded revenue by $17.4M, an operating margin of -152.2%. Operating expenses grew 94% against a revenue fall of 73%. Net earnings were −$15.1M. The effective tax rate was 0.7%. Non-operating items added $38.5M, 182% of pre-tax earnings, so the bottom line overstates operating performance.
Operating cash flow was −$15.8M. Non-cash charges added back $1.8M of depreciation and amortization and $2.8M of share-based compensation. Working capital and other items used $41.4M.
Questions
What was SRX Global's revenue in the third quarter fiscal 2025?
SRX Global (SRXH) reported revenue of $11.4M for the third quarter fiscal 2025 (Q3 FY25), -73% from a year earlier and +60% from the quarter before.
Was SRX Global profitable in the third quarter fiscal 2025?
Operating loss was $17.4M (-152.2% of revenue) and net earnings $21.0M.
Source: SRX Global 10-Q on SEC EDGAR.