Filing Flows › Trinseo (TSEOQ) › Q3 2025
Trinseo (TSEOQ) Q3 2025 earnings results (third quarter 2025)
10-Q filed Nov 7, 2025
Trinseo (TSEOQ) reported revenue of $743M for the third quarter 2025 (Q3 2025), -14% from a year earlier and -5% from the quarter before. Operating margin was -3.8%, net loss $110M (14.8% of revenue).
Trinseo, Q3 2025: revenue $743M (-14% year over year), operating margin -3.8%, net loss $110M, operating cash flow −$21.6M. The chart follows the revenue to costs, profit and cash.
| Q3 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $743M | -5% | -14% |
| Operating profit | −$28.2M | — | — |
| Net earnings | −$110M | — | — |
| Operating cash flow | −$21.6M | -418% | — |
What changed
Revenue was $743.2M in Q3 2025, down 14% year over year and down 5% from the previous quarter. Engineered Materials was the largest line at 37% of revenue. Polymer Solutions lost $59.9M year over year (down 18%), 48% of the total change.
Gross margin was 5.0%, down 4.3 points from a year earlier. Operating costs exceeded revenue by $28.2M, an operating margin of -3.8%. Operating expenses fell 29% while revenue fell 14%. The quarter ended with a net loss of $109.7M, wider than the previous quarter's $105.5M loss. Net interest and other expense of $73.2M was the main reason.
Operating cash flow was −$21.6M. Non-cash charges added back $56.4M of depreciation and amortization and $1.5M of share-based compensation. Working capital and other items added $30.2M. Capital expenditures of $16.5M exceeded it, leaving free cash flow of −$38.1M.
Questions
What was Trinseo's revenue in the third quarter 2025?
Trinseo (TSEOQ) reported revenue of $743M for the third quarter 2025 (Q3 2025), -14% from a year earlier and -5% from the quarter before.
Was Trinseo profitable in the third quarter 2025?
Operating loss was $28.2M (-3.8% of revenue) and net loss $110M.
Source: Trinseo 10-Q on SEC EDGAR.