Filing Flows › HG Holdings (STLY) › Q3 2025
HG Holdings (STLY) Q3 2025 earnings results (third quarter 2025)
10-Q filed Nov 13, 2025
HG Holdings (STLY) reported revenue of $4.1M for the third quarter 2025 (Q3 2025), +34% from a year earlier and +1% from the quarter before. Operating margin was 31.4%, net earnings $1.2M (29.8% of revenue).
HG Holdings, Q3 2025: revenue $4.1M (+34% year over year), operating margin 31.4%, net earnings $1.2M, operating cash flow $328K. The chart follows the revenue to costs, profit and cash.
| Q3 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $4.1M | +1% | +34% |
| Gross profit | $4.1M | +5% | +38% |
| Operating profit | $1.3M | +37% | 12× |
| Net earnings | $1.2M | +39% | +621% |
| Operating cash flow | $328K | — | — |
What changed
Revenue was $4.1M in Q3 2025, up 34% year over year and up 1% from the previous quarter.
Gross margin was 99.2%, up 2.5 points from a year earlier. Operating profit was $1.3M, a 31.4% margin (up 27.9 points year over year). Of the extra revenue versus a year earlier, 113% reached operating profit, above the 4% margin then. Operating expenses fell 2% while revenue rose 34%. Net earnings were $1.2M, up 621% year over year. The effective tax rate was 0.5%.
Operating cash flow was $328K, 25% of net income including minority interests. Non-cash charges added back $24K of depreciation and amortization. Working capital and other items used $1.0M.
Questions
What was HG Holdings' revenue in the third quarter 2025?
HG Holdings (STLY) reported revenue of $4.1M for the third quarter 2025 (Q3 2025), +34% from a year earlier and +1% from the quarter before.
Was HG Holdings profitable in the third quarter 2025?
Operating profit was $1.3M (31.4% of revenue) and net earnings $1.2M.
Source: HG Holdings 10-Q on SEC EDGAR.