FIG Q3 2025 Earnings — Income Statement Breakdown
For its Q3 2025 period (ending 2025-09-30), FIG reported revenue of $274M, gross profit of $190M (69.4% gross margin), operating income of −$1.1B, and net income of −$1.1B (-400.1% net margin). The flow of revenue into costs and profit is visualized below.
What changed
FIG reported a net loss; revenue grew 38.0% year over year, and EPS missed consensus by $1.09.
| Comparison | Revenue | Net income | Net margin |
|---|---|---|---|
| Year over year | +38.0% | −6933.0% | Not available |
| Quarter over quarter | +9.8% | −3986.4% | Not available |
EPS was $-2.65 versus $-1.56 expected.
FIG Q3 2025 Income Statement
| Line item | Amount (USD) | % of revenue |
|---|---|---|
| Revenue | $274M | 100% |
| Cost of Revenue | −$84M | 30.6% |
| Gross Profit | $190M | 69.4% |
| Research & Development | −$681M | 248.3% |
| Selling, General & Administrative | −$646M | 235.7% |
| Operating Income | −$1.1B | -414.6% |
| Other Income, net | $29M | 10.7% |
| Income Tax Expense | $10M | 3.8% |
| Net Income | −$1.1B | -400.1% |
Source: original SEC filing (filed 2025-11-05). Accession 0001628280-25-049555. Data normalized by EarningsFyi.