Filing Flows › Tronox Holdings (TROX) › Q3 2025
Tronox Holdings (TROX) Q3 2025 earnings results (third quarter 2025)
10-Q filed Nov 6, 2025
Tronox Holdings (TROX) reported revenue of $699M for the third quarter 2025 (Q3 2025), -13% from a year earlier and -4% from the quarter before. Operating margin was -6.2%, net loss $100M (14.3% of revenue).
Tronox Holdings, Q3 2025: revenue $699M (-13% year over year), operating margin -6.2%, net loss $100M, operating cash flow −$57.0M. The chart follows the revenue to costs, profit and cash.
| Q3 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $699M | -4% | -13% |
| Operating profit | −$43.0M | — | — |
| Net earnings | −$100M | — | — |
| Operating cash flow | −$57.0M | -304% | — |
What changed
Revenue was $699.0M in Q3 2025, down 13% year over year and down 4% from the previous quarter. TiO2 was the largest line at 79% of revenue. TiO2 lost $66.0M year over year (down 11%), 63% of the total change.
Gross margin was 7.4%, down 8.5 points from a year earlier. Operating costs exceeded revenue by $43.0M, an operating margin of -6.2%. Operating expenses grew 28% against a revenue fall of 13%. The quarter ended with a net loss of $100.0M, wider than the previous quarter's $85.0M loss. Minority interests bore $1.0M of it: to shareholders the quarter was a loss of $99.0M.
Operating cash flow was −$57.0M. Non-cash charges added back $75.0M of depreciation and amortization and $5.0M of share-based compensation. Working capital and other items used $37.0M. Capital expenditures of $80.0M exceeded it, leaving free cash flow of −$137.0M.
Questions
What was Tronox Holdings' revenue in the third quarter 2025?
Tronox Holdings (TROX) reported revenue of $699M for the third quarter 2025 (Q3 2025), -13% from a year earlier and -4% from the quarter before.
Was Tronox Holdings profitable in the third quarter 2025?
Operating loss was $43.0M (-6.2% of revenue) and net loss $100M.
Source: Tronox Holdings 10-Q on SEC EDGAR.