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Syra Health (SYRA) Q3 2025 earnings results (third quarter 2025)

10-Q filed Nov 12, 2025

Syra Health (SYRA) reported revenue of $1.7M for the third quarter 2025 (Q3 2025), -25% from a year earlier and -13% from the quarter before. Operating margin was -13.8%, net loss $226K (13.4% of revenue).

Revenue$1.7M
Year over year-25%
Quarter over quarter-13%
Operating margin-13.8%
Net earnings−$226K

Syra Health, Q3 2025: revenue $1.7M (-25% year over year), operating margin -13.8%, net loss $226K, operating cash flow −$244K. The chart follows the revenue to costs, profit and cash.

Q3 2025AmountQ/QY/Y
Revenue$1.7M-13%-25%
Operating profit−$232K——
Net earnings−$226K——
Operating cash flow−$244K——

What changed

Revenue was $1.7M in Q3 2025, down 25% year over year and down 13% from the previous quarter. Population Health was the largest line at 76% of revenue. Healthcare Workforce lost $1.2M year over year (down 74%), 207% of the total change.

Gross margin was 32.9%, up 3.2 points from a year earlier. Operating costs exceeded revenue by $232K, an operating margin of -13.8%. Operating expenses fell 28% while revenue fell 25%. The quarter ended with a net loss of $226K, wider than the previous quarter's $64K loss.

Operating cash flow was −$244K. Non-cash charges added back $5K of depreciation and $21K of share-based compensation. Working capital and other items used $45K.

Questions

What was Syra Health's revenue in the third quarter 2025?

Syra Health (SYRA) reported revenue of $1.7M for the third quarter 2025 (Q3 2025), -25% from a year earlier and -13% from the quarter before.

Was Syra Health profitable in the third quarter 2025?

Operating loss was $232K (-13.8% of revenue) and net loss $226K.

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Source: Syra Health 10-Q on SEC EDGAR.