Filing Flows › Trinseo (TSEOQ) › Q2 2025
Trinseo (TSEOQ) Q2 2025 earnings results (second quarter 2025)
10-Q filed Aug 7, 2025
Trinseo (TSEOQ) reported revenue of $784M for the second quarter 2025 (Q2 2025), -15% from a year earlier and -0.1% from the quarter before. Operating margin was -4.2%, net loss $106M (13.5% of revenue).
Trinseo, Q2 2025: revenue $784M (-15% year over year), operating margin -4.2%, net loss $106M, operating cash flow $6.8M. The chart follows the revenue to costs, profit and cash.
| Q2 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $784M | -0.1% | -15% |
| Operating profit | −$33.3M | — | — |
| Net earnings | −$106M | — | — |
| Operating cash flow | $6.8M | — | — |
What changed
Revenue was $784.3M in Q2 2025, down 15% year over year and roughly flat from the previous quarter. Engineered Materials was the largest line at 37% of revenue. Polymer Solutions lost $56.9M year over year (down 17%), 42% of the total change.
Gross margin was 4.7%, down 2.8 points from a year earlier. Operating costs exceeded revenue by $33.3M, an operating margin of -4.2%. Operating expenses grew 28% against a revenue fall of 15%. The quarter ended with a net loss of $105.5M, wider than the previous quarter's $79.0M loss. Net interest and other expense of $69.7M was the main reason.
Operating cash flow was $6.8M. Non-cash charges added back $59.8M of depreciation and amortization and $2.0M of share-based compensation. Working capital and other items added $50.5M. Capital expenditures of $9.8M exceeded it, leaving free cash flow of −$3.0M.
Questions
What was Trinseo's revenue in the second quarter 2025?
Trinseo (TSEOQ) reported revenue of $784M for the second quarter 2025 (Q2 2025), -15% from a year earlier and -0.1% from the quarter before.
Was Trinseo profitable in the second quarter 2025?
Operating loss was $33.3M (-4.2% of revenue) and net loss $106M.
Source: Trinseo 10-Q on SEC EDGAR.