Filing Flows › Turning Point Brands (TPB) › Q3 2025
Turning Point Brands (TPB) Q3 2025 earnings results (third quarter 2025)
10-Q filed Nov 5, 2025
Turning Point Brands (TPB) reported revenue of $119M for the third quarter 2025 (Q3 2025), +31% from a year earlier and +2% from the quarter before. Operating margin was 21.8%, net earnings $21.1M (17.7% of revenue).
Turning Point Brands, Q3 2025: revenue $119M (+31% year over year), operating margin 21.8%, net earnings $21.1M, operating cash flow $3.3M. The chart follows the revenue to costs, profit and cash.
| Q3 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $119M | +2% | +31% |
| Gross profit | $70.4M | +6% | +40% |
| Operating profit | $25.9M | -2% | +24% |
| Net earnings | $21.1M | +46% | +70% |
| Operating cash flow | $3.3M | -72% | -75% |
What changed
Revenue was $119.0M in Q3 2025, up 31% year over year and up 2% from the previous quarter.
Gross margin was 59.2%, up 3.6 points from a year earlier. Operating profit was $25.9M, a 21.8% margin (down 1.2 points year over year). Of the extra revenue versus a year earlier, 18% reached operating profit, below the 23% margin then. Operating expenses grew 51% against revenue growth of 31%. Net earnings were $21.1M, up 70% year over year. The effective tax rate was 21.4%.
Operating cash flow was $3.3M (down 75% year over year), 14% of net income including minority interests. Non-cash charges added back $1.9M of share-based compensation. Working capital and other items used $22.4M. Capital expenditures of $4.0M exceeded it, leaving free cash flow of −$721K.
Questions
What was Turning Point Brands' revenue in the third quarter 2025?
Turning Point Brands (TPB) reported revenue of $119M for the third quarter 2025 (Q3 2025), +31% from a year earlier and +2% from the quarter before.
Was Turning Point Brands profitable in the third quarter 2025?
Operating profit was $25.9M (21.8% of revenue) and net earnings $21.1M.