Ralliant (RAL) Q2 FY2025 earnings: revenue $503 million, down 5.7% on the year

Ralliant Corp. (RAL) reported revenue of $503 million for Q2 FY2025, the quarter ended 27 June 2025, down 5.7% on the same quarter a year earlier. Net income was $48 million, down 26.5% on the year, and diluted earnings per share $0.42. The figures are the company's own, from the 10-Q it filed with the SEC on 11 August 2025.

Revenue$503 milliondown 5.7%

Net income$48 milliondown 26.5%

Diluted EPS$0.42

QuarterQ2 FY2025ended 27 June 2025

The quarter, against the one before and a year earlier

Line	Q2 FY2025	Q1 FY2025	Q2 FY2024	Change on the year
Revenue	503	482	534	-5.7%
Cost of revenue	255	238	259	-1.5%
Gross profit	248	243	275	-9.6%
Gross margin	49.3%	50.5%	51.5%
Research and development	42.0	41.3	38.8	+8.2%
Selling, general and administrative	147	128	131	+12.8%
Operating income	58.9	73.8	105	-44.0%
Operating margin	11.7%	15.3%	19.7%
Interest expense	0.0	0.0	n/a	n/a
Pre-tax income	58.9	73.3	79.2	-25.6%
Income tax	11.3	9.4	14.4	-21.5%
Effective tax rate	19.2%	12.8%	18.2%
Net income	47.6	63.9	64.8	-26.5%
Net margin	9.5%	13.3%	12.1%
Diluted EPS	$0.42	$0.57	$0.57	-26.3%

$ million except per share.

Free cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Those four are arithmetic on the filed numbers; everything else is as filed. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and share counts are as they are.

Cash flow and capital returned

Line	Q2 FY2025	Q1 FY2025	Q2 FY2024	Change on the year
Operating cash flow	85.4	72.0	n/a	n/a
Capital expenditure	11.6	5.6	n/a	n/a
Free cash flow	73.8	66.4	n/a	n/a
Free cash flow margin	14.7%	13.8%	n/a
Cash from investing	-11.6	-4.1	n/a	n/a
Cash from financing	117	-72.6	n/a	n/a
Depreciation and amortisation	28.6	26.9	28.8	-0.7%
Share-based compensation	8.1	6.5	5.2	+55.8%
Buybacks	0.0	0.0	n/a	n/a
Dividends paid	0.0	0.0	n/a	n/a
Diluted shares, weighted	113m	113m	113m	+0.0%
Shares outstanding at period end	113m	112m	113m	-0.0%

Cash flow lines for the quarter; where the company files them year to date, the quarter is the difference between two filings.

Balance sheet at quarter end

Line	Q2 FY2025	Q1 FY2025	Q2 FY2024	Change on the year
Shareholders' equity	3,040	3,847	3,982	-23.7%
Debt	1,148	n/a	n/a	n/a
Other liabilities	989	n/a	n/a	n/a
Total liabilities and equity	5,177	n/a	n/a	n/a
Fixed assets	209	n/a	n/a	n/a
Goodwill	3,119	n/a	n/a	n/a
Intangible assets	839	n/a	n/a	n/a
Cash and equivalents	199	0.0	0.0	n/a
Receivables	289	n/a	n/a	n/a
Inventory	299	n/a	n/a	n/a
Other assets	223	n/a	n/a	n/a
Total assets	5,177	n/a	n/a	n/a

Questions

What was Ralliant's revenue in Q2 FY2025?

Ralliant (RAL) reported revenue of $503 million for Q2 FY2025, the quarter ended 27 June 2025, down 5.7% on the same quarter a year earlier.

How much did Ralliant earn in Q2 FY2025?

Net income for Q2 FY2025 was $48 million, down 26.5% on the year, and diluted earnings per share $0.42.

When did Ralliant report Q2 FY2025 results?

Ralliant filed its 10-Q for the quarter ended 27 June 2025 with the SEC on 11 August 2025.

Quarterly results, the last 8 quarters

	Q2 FY2024	Q3 FY2024	Q1 FY2025	Q2 FY2025	Q3 FY2025	Q4 FY2025 *	Q1 FY2026	Q2 FY2026
Revenue	534	532	482	503	529	555	535	568
Cost of revenue	259	252	238	255	260	275	262	275
Gross profit	275	280	243	248	269	280	272	293
Gross margin	51%	53%	51%	49%	51%	50%	51%	52%
R&D	38.8	39.9	41.3	42.0	38.8	42.9	43.7	44.7
SG&A	131	129	128	147	178	163	160	166
Operating income	105	111	73.8	58.9	52.0	-1,368	68.1	82.2
Operating margin	20%	21%	15%	12%	10%	-247%	13%	14%
Interest expense	n/a	0.0	0.0	0.0	16.3	16.0	14.7	13.8
Pre-tax income	79.2	111	73.3	58.9	35.2	-1,384	52.9	68.5
Tax rate	18%	18%	13%	19%	-13%	n/a	16%	16%
Net income	64.8	90.9	63.9	47.6	39.9	-1,374	44.2	57.2
Net margin	12%	17%	13%	9%	8%	-248%	8%	10%
Diluted EPS	$0.57	$0.81	$0.57	$0.42	$0.35	-$12.10	$0.39	$0.51
Operating cash flow	n/a	138	72.0	85.4	139	102	19.1	106
Capital expenditure	n/a	6.1	5.6	11.6	12.0	10.0	8.7	6.4
Free cash flow	n/a	132	66.4	73.8	127	91.6	10.4	99.1
Buybacks	n/a	n/a	0.0	0.0	n/a	n/a	50.5	101
Dividends paid	n/a	n/a	0.0	0.0	5.6	5.7	5.6	5.5
Shares outstanding	113m	113m	112m	113m	113m	113m	112m	111m
Filing	10-Q	10-Q	10-Q	10-Q	10-Q	10-K	10-Q	10-Q

Each quarter as filed, linked to its filing.

* The fourth quarter is the full year less the first three quarters, because the company files the year and not the quarter on its own. A fourth quarter's EPS and diluted share count are from the company's results press release for that quarter, used where the release gives the same revenue and net income as the table. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and the share count are as they are. Free cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Cash flow lines filed year to date are the difference between two filings. Shares outstanding are at the period end where the balance sheet tags them, otherwise the count on the filing's cover page. A derived fourth-quarter EPS is left blank when a split in the year makes the arithmetic meaningless.

Source

10-Q for the period ended 27 June 2025, filed 11 August 2025, accession 0002041385-25-000033: the filing on EDGAR. All of Ralliant Corp.'s filings: EDGAR company page.

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