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VenHub Global (VHUB) Q3 2025 earnings results (third quarter 2025)

10-Q filed Nov 18, 2025

VenHub Global (VHUB) reported revenue of $295K for the third quarter 2025 (Q3 2025) and up 22-fold from the quarter before.

Revenue$295K
Year over year—
Quarter over quarter22×
Operating margin—
Net earnings−$19.3M

VenHub Global, Q3 2025: revenue $295K, net loss $19.3M, operating cash flow −$2.8M. The chart follows the revenue to costs, profit and cash.

Q3 2025AmountQ/QY/Y
Revenue$295K22×—
Operating profit−$19.2M——
Net earnings−$19.3M——
Operating cash flow−$2.8M——

What changed

Revenue was $295K in Q3 2025, up 2069% from the previous quarter. Store sales was the largest line at 85% of revenue.

Gross margin was 25.5%. Operating costs exceeded revenue by $19.2M, an operating margin of -6489.9%. The quarter ended with a net loss of $19.3M, narrower than the previous quarter's $20.5M loss.

Operating cash flow was −$2.8M. Non-cash charges added back $37K of depreciation and amortization and $17.2M of share-based compensation. Working capital and other items used $718K. Capital expenditures of $173K exceeded it, leaving free cash flow of −$3.0M.

Questions

What was VenHub Global's revenue in the third quarter 2025?

VenHub Global (VHUB) reported revenue of $295K for the third quarter 2025 (Q3 2025) and up 22-fold from the quarter before.

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Source: VenHub Global 10-Q on SEC EDGAR.