Filing Flows › Surrozen (SRZN) › Q3 2025
Surrozen (SRZN) Q3 2025 earnings results (third quarter 2025)
10-Q filed Nov 7, 2025
Surrozen (SRZN) reported revenue of $983K for the third quarter 2025 (Q3 2025), -90% from a year earlier and 0% from the quarter before.
Surrozen, Q3 2025: revenue $983K (-90% year over year), net loss $71.6M, operating cash flow −$9.0M. The chart follows the revenue to costs, profit and cash.
| Q3 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $983K | 0% | -90% |
| Operating profit | −$10.9M | — | — |
| Net earnings | −$71.6M | -280% | — |
| Operating cash flow | −$9.0M | — | — |
What changed
Revenue was $1.0M in Q3 2025, down 90% year over year and roughly flat from the previous quarter.
Operating costs exceeded revenue by $10.9M, an operating margin of -1107.3%. Total costs grew 35% against a revenue fall of 90%. The fastest-growing cost line was Research & development (+50%). The quarter ended with a net loss of $71.6M, after a profit of $39.7M the previous quarter. Net interest and other expense of $60.8M was the main reason.
Operating cash flow was −$9.0M. Non-cash charges added back $61K of depreciation and amortization and $1.0M of share-based compensation. Working capital and other items added $61.5M. Capital expenditures of $24K exceeded it, leaving free cash flow of −$9.1M.
Questions
What was Surrozen's revenue in the third quarter 2025?
Surrozen (SRZN) reported revenue of $983K for the third quarter 2025 (Q3 2025), -90% from a year earlier and 0% from the quarter before.
Source: Surrozen 10-Q on SEC EDGAR.