Filing Flows › Vulcan Infrastructure & Power (VIP) › Q3 2025
Vulcan Infrastructure & Power (VIP) Q3 2025 earnings results (third quarter 2025)
10-Q filed Nov 13, 2025
Vulcan Infrastructure & Power (VIP) reported revenue of $15.2M for the third quarter 2025 (Q3 2025), +23% from a year earlier and +18% from the quarter before. Operating margin was 2.0%, net earnings $12.0M (78.6% of revenue).
Vulcan Infrastructure & Power, Q3 2025: revenue $15.2M (+23% year over year), operating margin 2.0%, net earnings $12.0M, operating cash flow $120K. The chart follows the revenue to costs, profit and cash.
| Q3 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $15.2M | +18% | +23% |
| Operating profit | $304K | — | — |
| Net earnings | $12.0M | — | — |
| Operating cash flow | $120K | — | — |
What changed
Revenue was $15.2M in Q3 2025, up 23% year over year and up 18% from the previous quarter. Datacenter hosting was the largest line at 41% of revenue. Power and capacity added $2.1M year over year (up 83%), 75% of the total change. Datacenter hosting declined 3%.
Operating profit was $304K, a 2.0% margin (up 39.7 points year over year). Total costs fell 12% while revenue rose 23%. Net earnings were $12.0M. The effective tax rate was 0.0%. Non-operating items added $11.7M, 97% of pre-tax earnings, so the bottom line overstates operating performance.
Operating cash flow was $120K, 1% of net earnings. Non-cash charges added back $3.0M of depreciation and amortization. Working capital and other items used $14.9M.
Questions
What was Vulcan Infrastructure & Power's revenue in the third quarter 2025?
Vulcan Infrastructure & Power (VIP) reported revenue of $15.2M for the third quarter 2025 (Q3 2025), +23% from a year earlier and +18% from the quarter before.
Was Vulcan Infrastructure & Power profitable in the third quarter 2025?
Operating profit was $304K (2.0% of revenue) and net earnings $12.0M.