Filing Flows › Tenon Medical (TNON) › Q3 2025
Tenon Medical (TNON) Q3 2025 earnings results (third quarter 2025)
10-Q filed Nov 13, 2025
Tenon Medical (TNON) reported revenue of $1.2M for the third quarter 2025 (Q3 2025), +32% from a year earlier and +108% from the quarter before. Operating margin was -289.2%, net loss $3.3M (284.7% of revenue).
Tenon Medical, Q3 2025: revenue $1.2M (+32% year over year), operating margin -289.2%, net loss $3.3M, operating cash flow −$3.8M. The chart follows the revenue to costs, profit and cash.
| Q3 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $1.2M | +108% | +32% |
| Operating profit | −$3.4M | — | — |
| Net earnings | −$3.3M | — | — |
| Operating cash flow | −$3.8M | — | — |
What changed
Revenue was $1.2M in Q3 2025, up 32% year over year and up 108% from the previous quarter.
Gross margin was 65.9%, up 18.8 points from a year earlier. Operating costs exceeded revenue by $3.4M, an operating margin of -289.2%. Operating expenses grew 15% against revenue growth of 32%. The fastest-growing cost line was Sales & marketing (+27%). The quarter ended with a net loss of $3.3M, wider than the previous quarter's $2.8M loss.
Operating cash flow was −$3.8M. Non-cash charges added back $77K of depreciation and amortization and $58K of share-based compensation. Working capital and other items used $620K. Capital expenditures of −$111K exceeded it, leaving free cash flow of −$3.7M.
Questions
What was Tenon Medical's revenue in the third quarter 2025?
Tenon Medical (TNON) reported revenue of $1.2M for the third quarter 2025 (Q3 2025), +32% from a year earlier and +108% from the quarter before.
Was Tenon Medical profitable in the third quarter 2025?
Operating loss was $3.4M (-289.2% of revenue) and net loss $3.3M.
Source: Tenon Medical 10-Q on SEC EDGAR.