Filing Flows › Z Squared (ZSQR) › Q3 2025
Z Squared (ZSQR) Q3 2025 earnings results (third quarter 2025)
10-Q filed Nov 14, 2025
Z Squared (ZSQR) reported revenue of $237K for the third quarter 2025 (Q3 2025) and +18% from the quarter before.
Z Squared, Q3 2025: revenue $237K, net loss $2.7M, operating cash flow −$2.2M. The chart follows the revenue to costs, profit and cash.
| Q3 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $237K | +18% | — |
| Operating profit | −$2.5M | — | — |
| Net earnings | −$2.7M | — | — |
| Operating cash flow | −$2.2M | — | — |
What changed
Revenue was $237K in Q3 2025, up 18% from the previous quarter. Advertising Campaigns was the largest line at 72% of revenue.
Gross margin was 81.0%. Operating costs exceeded revenue by $2.5M, an operating margin of -1043.2%. The quarter ended with a net loss of $2.7M, after a profit of $3.4M the previous quarter.
Operating cash flow was −$2.2M. Non-cash charges added back $295K of depreciation and amortization. Working capital and other items added $292K.
Questions
What was Z Squared's revenue in the third quarter 2025?
Z Squared (ZSQR) reported revenue of $237K for the third quarter 2025 (Q3 2025) and +18% from the quarter before.
Source: Z Squared 10-Q on SEC EDGAR.