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Viskase Holdings (VISK) Q2 2025 earnings results (second quarter 2025)

10-Q filed Aug 14, 2025

Viskase Holdings (VISK) reported revenue of $97.3M for the second quarter 2025 (Q2 2025), up 3,742-fold from a year earlier and +3% from the quarter before. Operating margin was -1.6%, net loss $20.3M (20.8% of revenue).

Revenue$97.3M
Year over year3,742×
Quarter over quarter+3%
Operating margin-1.6%
Net earnings−$20.3M

Viskase Holdings, Q2 2025: revenue $97.3M (3,742× year over year), operating margin -1.6%, net loss $20.3M, operating cash flow −$672K. The chart follows the revenue to costs, profit and cash.

Q2 2025AmountQ/QY/Y
Revenue$97.3M+3%3,742×
Operating profit−$1.5M——
Net earnings−$20.3M——
Operating cash flow−$672K——

What changed

Revenue was $97.3M in Q2 2025, up 374050% year over year and up 3% from the previous quarter.

Gross margin was 12.0%. Operating costs exceeded revenue by $1.5M, an operating margin of -1.6%. The quarter ended with a net loss of $20.3M, wider than the previous quarter's $13.6M loss. Minority interests bore $19.3M of it: to shareholders the quarter was a loss of $1.0M. Net interest and other expense of $18.8M was the main reason.

Operating cash flow was −$672K. Non-cash charges added back $4.9M of depreciation and amortization. Working capital and other items added $14.7M. Capital expenditures of $9.0M exceeded it, leaving free cash flow of −$9.7M.

Questions

What was Viskase Holdings' revenue in the second quarter 2025?

Viskase Holdings (VISK) reported revenue of $97.3M for the second quarter 2025 (Q2 2025), up 3,742-fold from a year earlier and +3% from the quarter before.

Was Viskase Holdings profitable in the second quarter 2025?

Operating loss was $1.5M (-1.6% of revenue) and net loss $20.3M.

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Source: Viskase Holdings 10-Q on SEC EDGAR.