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TherapeuticsMD (TXMD) Q3 2025 earnings results (third quarter 2025)

10-Q filed Nov 12, 2025

TherapeuticsMD (TXMD) reported revenue of $784K for the third quarter 2025 (Q3 2025), +43% from a year earlier and -18% from the quarter before. Operating margin was -109.9%, net earnings $152K (19.4% of revenue).

Revenue$784K
Year over year+43%
Quarter over quarter-18%
Operating margin-109.9%
Net earnings$152K

TherapeuticsMD, Q3 2025: revenue $784K (+43% year over year), operating margin -109.9%, net earnings $152K, operating cash flow $999K. The chart follows the revenue to costs, profit and cash.

Q3 2025AmountQ/QY/Y
Revenue$784K-18%+43%
Operating profit−$862K——
Net earnings$152K-72%—
Operating cash flow$999K+162%—

What changed

Revenue was $784K in Q3 2025, up 43% year over year and down 18% from the previous quarter.

Operating costs exceeded revenue by $862K, an operating margin of -109.9%. Total costs fell 2% while revenue rose 43%. The fastest-growing cost line was Other operating costs (+33%). Net earnings were $152K. The effective tax rate was 0.0%. Non-operating items added $1.0M, 667% of pre-tax earnings, so the bottom line overstates operating performance.

Operating cash flow was $1.0M, 657% of net earnings. Non-cash charges added back $96K of depreciation and amortization. Working capital and other items added $751K.

Questions

What was TherapeuticsMD's revenue in the third quarter 2025?

TherapeuticsMD (TXMD) reported revenue of $784K for the third quarter 2025 (Q3 2025), +43% from a year earlier and -18% from the quarter before.

Was TherapeuticsMD profitable in the third quarter 2025?

Operating loss was $862K (-109.9% of revenue) and net earnings $152K.

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Source: TherapeuticsMD 10-Q on SEC EDGAR.