Filing Flows › Turning Point Brands (TPB) › Q2 2025
Turning Point Brands (TPB) Q2 2025 earnings results (second quarter 2025)
10-Q filed Aug 11, 2025
Turning Point Brands (TPB) reported revenue of $117M for the second quarter 2025 (Q2 2025), +25% from a year earlier and +10% from the quarter before. Operating margin was 22.6%, net earnings $14.5M (12.4% of revenue).
Turning Point Brands, Q2 2025: revenue $117M (+25% year over year), operating margin 22.6%, net earnings $14.5M, operating cash flow $11.8M. The chart follows the revenue to costs, profit and cash.
| Q2 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $117M | +10% | +25% |
| Gross profit | $66.6M | +12% | +32% |
| Operating profit | $26.3M | +14% | +15% |
| Net earnings | $14.5M | +0.6% | +11% |
| Operating cash flow | $11.8M | -32% | -12% |
| Free cash flow | $7.8M | -49% | -28% |
What changed
Revenue was $116.6M in Q2 2025, up 25% year over year and up 10% from the previous quarter.
Gross margin was 57.1%, up 3.1 points from a year earlier. Operating profit was $26.3M, a 22.6% margin (down 2.0 points year over year). Of the extra revenue versus a year earlier, 15% reached operating profit, below the 25% margin then. Operating expenses grew 46% against revenue growth of 25%. Net earnings were $14.5M, up 11% year over year. The effective tax rate was 20.0%.
Operating cash flow was $11.8M (down 12% year over year), 70% of net income including minority interests. Non-cash charges added back $1.6M of share-based compensation. Working capital and other items used $6.8M. Capital expenditures of $4.0M left free cash flow of $7.8M.
Questions
What was Turning Point Brands' revenue in the second quarter 2025?
Turning Point Brands (TPB) reported revenue of $117M for the second quarter 2025 (Q2 2025), +25% from a year earlier and +10% from the quarter before.
Was Turning Point Brands profitable in the second quarter 2025?
Operating profit was $26.3M (22.6% of revenue) and net earnings $14.5M.