Filing Flows › Track Group (TRCK) › Q3 FY25
Track Group (TRCK) Q3 FY25 earnings results (third quarter fiscal 2025)
10-Q filed Aug 8, 2025
Track Group (TRCK) reported revenue of $9.1M for the third quarter fiscal 2025 (Q3 FY25), -1% from a year earlier and +9% from the quarter before. Operating margin was 8.3%, net earnings $1.4M (15.8% of revenue).
Track Group, Q3 FY25: revenue $9.1M (-1% year over year), operating margin 8.3%, net earnings $1.4M, operating cash flow $2.8M. The chart follows the revenue to costs, profit and cash.
| Q3 FY25 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $9.1M | +9% | -1% |
| Gross profit | $4.6M | +12% | +8% |
| Operating profit | $751K | 17× | — |
| Net earnings | $1.4M | — | — |
| Operating cash flow | $2.8M | +470% | — |
| Free cash flow | $2.2M | 16× | — |
What changed
Revenue was $9.1M in Q3 FY25, down 1% year over year and up 9% from the previous quarter. Monitoring and Other Related Services was the largest line at 89% of revenue. Monitoring and Other Related Services lost $1.0M year over year (down 11%), 1061% of the total change.
Gross margin was 50.5%, up 4.0 points from a year earlier. Operating profit was $751K, a 8.3% margin (up 13.9 points year over year). Operating expenses fell 20% while revenue fell 1%. The fastest-growing cost line was Sales & marketing (+13%). Net earnings were $1.4M. The effective tax rate was 0.1%. Non-operating items added $685K, 48% of pre-tax earnings, so the bottom line overstates operating performance.
Operating cash flow was $2.8M, 194% of net earnings. Non-cash charges added back $1.0M of depreciation and amortization. Working capital and other items added $389K. Capital expenditures of $591K left free cash flow of $2.2M.
Questions
What was Track Group's revenue in the third quarter fiscal 2025?
Track Group (TRCK) reported revenue of $9.1M for the third quarter fiscal 2025 (Q3 FY25), -1% from a year earlier and +9% from the quarter before.
Was Track Group profitable in the third quarter fiscal 2025?
Operating profit was $751K (8.3% of revenue) and net earnings $1.4M.
Source: Track Group 10-Q on SEC EDGAR.