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SS Innovations International (SSII) Q3 2025 earnings results (third quarter 2025)

10-Q filed Oct 28, 2025

SS Innovations International (SSII) reported revenue of $12.8M for the third quarter 2025 (Q3 2025), +192% from a year earlier and +28% from the quarter before. Operating margin was -14.3%, net loss $3.7M (29.0% of revenue).

Revenue$12.8M
Year over year+192%
Quarter over quarter+28%
Operating margin-14.3%
Net earnings−$3.7M

SS Innovations International, Q3 2025: revenue $12.8M (+192% year over year), operating margin -14.3%, net loss $3.7M, operating cash flow −$7.5M. The chart follows the revenue to costs, profit and cash.

Q3 2025AmountQ/QY/Y
Revenue$12.8M+28%+192%
Operating profit−$1.8M-1992%—
Net earnings−$3.7M——
Operating cash flow−$7.5M——

What changed

Revenue was $12.8M in Q3 2025, up 192% year over year and up 28% from the previous quarter. System Sales was the largest line at 91% of revenue. System Sales added $7.7M year over year (up 195%), 92% of the total change.

Gross margin was 48.1%, down 4.8 points from a year earlier. Operating costs exceeded revenue by $1.8M, an operating margin of -14.3%. Operating expenses grew 45% against revenue growth of 192%. The fastest-growing cost line was SG&A (+92%). The quarter ended with a net loss of $3.7M, wider than the previous quarter's $257K loss.

Operating cash flow was −$7.5M. Non-cash charges added back $297K of depreciation and $2.1M of share-based compensation. Working capital and other items used $6.1M. Capital expenditures of $755K exceeded it, leaving free cash flow of −$8.2M.

Questions

What was SS Innovations International's revenue in the third quarter 2025?

SS Innovations International (SSII) reported revenue of $12.8M for the third quarter 2025 (Q3 2025), +192% from a year earlier and +28% from the quarter before.

Was SS Innovations International profitable in the third quarter 2025?

Operating loss was $1.8M (-14.3% of revenue) and net loss $3.7M.

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Source: SS Innovations International 10-Q on SEC EDGAR.