Filing Flows › Yeti Holdings (YETI) › Q2 2025
Yeti Holdings (YETI) Q2 2025 earnings results (second quarter 2025)
10-Q filed Aug 7, 2025
Yeti Holdings (YETI) reported revenue of $446M for the second quarter 2025 (Q2 2025), -4% from a year earlier and +27% from the quarter before. Operating margin was 13.9%, net earnings $51.2M (11.5% of revenue).
Yeti Holdings, Q2 2025: revenue $446M (-4% year over year), operating margin 13.9%, net earnings $51.2M, operating cash flow $61.2M. The chart follows the revenue to costs, profit and cash.
| Q2 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $446M | +27% | -4% |
| Gross profit | $258M | +28% | -3% |
| Operating profit | $62.0M | +186% | -8% |
| Net earnings | $51.2M | +208% | +1% |
| Operating cash flow | $61.2M | — | +9% |
| Free cash flow | $50.2M | — | +12% |
What changed
Revenue was $445.9M in Q2 2025, down 4% year over year and up 27% from the previous quarter. Drinkware was the largest line at 53% of revenue. Drinkware lost $10.1M year over year (down 4%), 57% of the total change.
Gross margin was 57.8%, up 0.7 points from a year earlier. Operating profit was $62.0M, a 13.9% margin (down 0.6 points year over year). Operating expenses fell 1% while revenue fell 4%. Net earnings were $51.2M, up 1% year over year. The effective tax rate was 24.9%.
Operating cash flow was $61.2M (up 9% year over year), 120% of net earnings. Non-cash charges added back $13.1M of depreciation and amortization and $11.2M of share-based compensation. Working capital and other items used $14.3M. Capital expenditures of $11.0M left free cash flow of $50.2M.
Questions
What was Yeti Holdings' revenue in the second quarter 2025?
Yeti Holdings (YETI) reported revenue of $446M for the second quarter 2025 (Q2 2025), -4% from a year earlier and +27% from the quarter before.
Was Yeti Holdings profitable in the second quarter 2025?
Operating profit was $62.0M (13.9% of revenue) and net earnings $51.2M.
Source: Yeti Holdings 10-Q on SEC EDGAR.