Filing Flows › Stagwell (STGW) › Q3 2025
Stagwell (STGW) Q3 2025 earnings results (third quarter 2025)
10-Q filed Nov 6, 2025
Stagwell (STGW) reported revenue of $743M for the third quarter 2025 (Q3 2025), +4% from a year earlier and +5% from the quarter before. Operating margin was 8.2%, net earnings $24.6M (3.3% of revenue).
Stagwell, Q3 2025: revenue $743M (+4% year over year), operating margin 8.2%, net earnings $24.6M, operating cash flow −$24.0M. The chart follows the revenue to costs, profit and cash.
| Q3 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $743M | +5% | +4% |
| Operating profit | $60.9M | +163% | +46% |
| Net earnings | $24.6M | — | +653% |
| Operating cash flow | −$24.0M | -121% | — |
What changed
Revenue was $743.0M in Q3 2025, up 4% year over year and up 5% from the previous quarter.
Operating profit was $60.9M, a 8.2% margin (up 2.3 points year over year). Of the extra revenue versus a year earlier, 60% reached operating profit, above the 6% margin then. Total costs grew 2% against revenue growth of 4%. The fastest-growing cost line was Other operating costs (+24%). Net earnings were $24.6M, up 653% year over year ($23.8M including minority interests, which bore $856K of losses). The effective tax rate was 28.7%.
Operating cash flow was −$24.0M. Non-cash charges added back $44.3M of depreciation and amortization and $12.6M of share-based compensation. Working capital and other items used $104.7M. Capital expenditures of $14.7M exceeded it, leaving free cash flow of −$38.8M.
Questions
What was Stagwell's revenue in the third quarter 2025?
Stagwell (STGW) reported revenue of $743M for the third quarter 2025 (Q3 2025), +4% from a year earlier and +5% from the quarter before.
Was Stagwell profitable in the third quarter 2025?
Operating profit was $60.9M (8.2% of revenue) and net earnings $24.6M.
Source: Stagwell 10-Q on SEC EDGAR.