Filing Flows › Vaso (VASO) › Q3 2025
Vaso (VASO) Q3 2025 earnings results (third quarter 2025)
10-Q filed Nov 14, 2025
Vaso (VASO) reported revenue of $22.7M for the third quarter 2025 (Q3 2025), +9% from a year earlier and +14% from the quarter before. Operating margin was 6.8%, net earnings $1.7M (7.6% of revenue).
Vaso, Q3 2025: revenue $22.7M (+9% year over year), operating margin 6.8%, net earnings $1.7M, operating cash flow $2.8M. The chart follows the revenue to costs, profit and cash.
| Q3 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $22.7M | +14% | +9% |
| Gross profit | $13.9M | +18% | +18% |
| Operating profit | $1.5M | — | — |
| Net earnings | $1.7M | — | — |
| Operating cash flow | $2.8M | -59% | +44% |
What changed
Revenue was $22.7M in Q3 2025, up 9% year over year and up 14% from the previous quarter. Professional Sales Services was the largest line at 48% of revenue. Professional Sales Services added $1.7M year over year (up 19%), 90% of the total change. Software Sales and Support declined 15%.
Gross margin was 61.3%, up 4.7 points from a year earlier. Operating profit was $1.5M, a 6.8% margin (up 13.5 points year over year). Operating expenses fell 6% while revenue rose 9%. Net earnings were $1.7M. The effective tax rate was 2.0%.
Operating cash flow was $2.8M (up 44% year over year), 163% of net earnings. Non-cash charges added back $179K of depreciation and amortization and $8K of share-based compensation. Working capital and other items added $885K.
Questions
What was Vaso's revenue in the third quarter 2025?
Vaso (VASO) reported revenue of $22.7M for the third quarter 2025 (Q3 2025), +9% from a year earlier and +14% from the quarter before.
Was Vaso profitable in the third quarter 2025?
Operating profit was $1.5M (6.8% of revenue) and net earnings $1.7M.
Source: Vaso 10-Q on SEC EDGAR.