Filing Flows › LendingTree (TREE) › Q3 2025
LendingTree (TREE) Q3 2025 earnings results (third quarter 2025)
10-Q filed Oct 31, 2025
LendingTree (TREE) reported revenue of $308M for the third quarter 2025 (Q3 2025), +18% from a year earlier and +23% from the quarter before. Operating margin was 9.3%, net earnings $10.2M (3.3% of revenue).
LendingTree, Q3 2025: revenue $308M (+18% year over year), operating margin 9.3%, net earnings $10.2M, operating cash flow $28.8M. The chart follows the revenue to costs, profit and cash.
| Q3 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $308M | +23% | +18% |
| Gross profit | $94.6M | +11% | +20% |
| Operating profit | $28.8M | +37% | +190% |
| Net earnings | $10.2M | +15% | — |
| Operating cash flow | $28.8M | +3% | -36% |
| Free cash flow | $25.6M | +1% | -40% |
What changed
Revenue was $307.8M in Q3 2025, up 18% year over year and up 23% from the previous quarter. Insurance was the largest line at 66% of revenue. Insurance added $34.4M year over year (up 20%), 73% of the total change.
Gross margin was 30.7%, up 0.6 points from a year earlier. Operating profit was $28.8M, a 9.3% margin (up 5.5 points year over year). Of the extra revenue versus a year earlier, 40% reached operating profit, above the 4% margin then. Operating expenses fell 4% while revenue rose 18%. Net earnings were $10.2M. The effective tax rate was 12.3%.
Operating cash flow was $28.8M (down 36% year over year), 284% of net earnings. Non-cash charges added back $5.3M of depreciation and amortization and $5.0M of share-based compensation. Working capital and other items added $8.4M. Capital expenditures of $3.3M left free cash flow of $25.6M.
Questions
What was LendingTree's revenue in the third quarter 2025?
LendingTree (TREE) reported revenue of $308M for the third quarter 2025 (Q3 2025), +18% from a year earlier and +23% from the quarter before.
Was LendingTree profitable in the third quarter 2025?
Operating profit was $28.8M (9.3% of revenue) and net earnings $10.2M.
Source: LendingTree 10-Q on SEC EDGAR.