Filing Flows › Vaso (VASO) › Q2 2025
Vaso (VASO) Q2 2025 earnings results (second quarter 2025)
10-Q filed Aug 14, 2025
Vaso (VASO) reported revenue of $20.0M for the second quarter 2025 (Q2 2025), -1% from a year earlier and +3% from the quarter before. Operating margin was -2.1%, net loss $197K (1.0% of revenue).
Vaso, Q2 2025: revenue $20.0M (-1% year over year), operating margin -2.1%, net loss $197K, operating cash flow $6.8M. The chart follows the revenue to costs, profit and cash.
| Q2 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $20.0M | +3% | -1% |
| Operating profit | −$421K | — | — |
| Net earnings | −$197K | — | — |
| Operating cash flow | $6.8M | — | +144% |
| Free cash flow | $6.3M | — | — |
What changed
Revenue was $20.0M in Q2 2025, down 1% year over year and up 3% from the previous quarter. Network Services was the largest line at 48% of revenue. Professional Sales Services lost $366K year over year (down 4%), 136% of the total change.
Gross margin was 59.1%, down 1.0 points from a year earlier. Operating costs exceeded revenue by $421K, an operating margin of -2.1%. Operating expenses grew 10% against a revenue fall of 1%. The fastest-growing cost line was SG&A (+11%). The quarter ended with a net loss of $197K, narrower than the previous quarter's $1.1M loss. Non-operating items added $264K, -168% of pre-tax earnings, so the bottom line overstates operating performance.
Operating cash flow was $6.8M (up 144% year over year). Non-cash charges added back $192K of depreciation and amortization and $9K of share-based compensation. Working capital and other items added $6.8M. Capital expenditures of $504K left free cash flow of $6.3M.
Questions
What was Vaso's revenue in the second quarter 2025?
Vaso (VASO) reported revenue of $20.0M for the second quarter 2025 (Q2 2025), -1% from a year earlier and +3% from the quarter before.
Was Vaso profitable in the second quarter 2025?
Operating loss was $421K (-2.1% of revenue) and net loss $197K.
Source: Vaso 10-Q on SEC EDGAR.