Filing Flows › QHSLab (USAQ) › Q3 2025
QHSLab (USAQ) Q3 2025 earnings results (third quarter 2025)
10-Q filed Nov 13, 2025
QHSLab (USAQ) reported revenue of $737K for the third quarter 2025 (Q3 2025), +35% from a year earlier and +22% from the quarter before. Operating margin was 13.1%, net earnings $33K (4.5% of revenue).
QHSLab, Q3 2025: revenue $737K (+35% year over year), operating margin 13.1%, net earnings $33K, operating cash flow $3K. The chart follows the revenue to costs, profit and cash.
| Q3 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $737K | +22% | +35% |
| Gross profit | $494K | +24% | +35% |
| Operating profit | $96K | +735% | +8% |
| Net earnings | $33K | — | -33% |
| Operating cash flow | $3K | -98% | — |
What changed
Revenue was $737K in Q3 2025, up 35% year over year and up 22% from the previous quarter. Integrated Service Program was the largest line at 49% of revenue. Integrated Service Program added $198K year over year (up 122%), 103% of the total change. Training and Other Revenue declined 24%.
Gross margin was 67.0%, down 0.1 points from a year earlier. Operating profit was $96K, a 13.1% margin (down 3.3 points year over year). Of the extra revenue versus a year earlier, 4% reached operating profit, below the 16% margin then. Operating expenses grew 44% against revenue growth of 35%. The fastest-growing cost line was Research & development (+67%). Net earnings were $33K, down 33% year over year. The effective tax rate was 0.0%.
Operating cash flow was $3K, 8% of net earnings. Non-cash charges added back $18K of depreciation and amortization. Working capital and other items used $49K.
Questions
What was QHSLab's revenue in the third quarter 2025?
QHSLab (USAQ) reported revenue of $737K for the third quarter 2025 (Q3 2025), +35% from a year earlier and +22% from the quarter before.
Was QHSLab profitable in the third quarter 2025?
Operating profit was $96K (13.1% of revenue) and net earnings $33K.
Source: QHSLab 10-Q on SEC EDGAR.