Filing Flows › Yeti Holdings (YETI) › Q3 2025
Yeti Holdings (YETI) Q3 2025 earnings results (third quarter 2025)
10-Q filed Nov 6, 2025
Yeti Holdings (YETI) reported revenue of $488M for the third quarter 2025 (Q3 2025), +2% from a year earlier and +9% from the quarter before. Operating margin was 11.1%, net earnings $39.4M (8.1% of revenue).
Yeti Holdings, Q3 2025: revenue $488M (+2% year over year), operating margin 11.1%, net earnings $39.4M, operating cash flow $101M. The chart follows the revenue to costs, profit and cash.
| Q3 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $488M | +9% | +2% |
| Gross profit | $273M | +6% | -2% |
| Operating profit | $54.4M | -12% | -22% |
| Net earnings | $39.4M | -23% | -30% |
| Operating cash flow | $101M | +65% | +21% |
| Free cash flow | $62.9M | +25% | -15% |
What changed
Revenue was $487.8M in Q3 2025, up 2% year over year and up 9% from the previous quarter. Drinkware was the largest line at 54% of revenue. Coolers & Equipment added $22.8M year over year (up 12%), 244% of the total change. Other declined 21%.
Gross margin was 55.9%, down 2.2 points from a year earlier. Operating profit was $54.4M, a 11.1% margin (down 3.4 points year over year). Operating profit fell $15.3M even though revenue rose $9.3M versus a year earlier, so costs grew faster than sales. Operating expenses grew 5% against revenue growth of 2%. Net earnings were $39.4M, down 30% year over year. The effective tax rate was 25.8%.
Operating cash flow was $100.9M (up 21% year over year), 256% of net earnings. Non-cash charges added back $13.8M of depreciation and amortization and $11.1M of share-based compensation. Working capital and other items added $36.7M. Capital expenditures of $38.0M left free cash flow of $62.9M.
Questions
What was Yeti Holdings' revenue in the third quarter 2025?
Yeti Holdings (YETI) reported revenue of $488M for the third quarter 2025 (Q3 2025), +2% from a year earlier and +9% from the quarter before.
Was Yeti Holdings profitable in the third quarter 2025?
Operating profit was $54.4M (11.1% of revenue) and net earnings $39.4M.
Source: Yeti Holdings 10-Q on SEC EDGAR.