UFP Technologies (UFPT) Q2 FY2025 earnings: revenue $151 million, up 37.2% on the year

UFP Technologies Inc. (UFPT) reported revenue of $151 million for Q2 FY2025, the quarter ended 30 June 2025, up 37.2% on the same quarter a year earlier. Net income was $17 million, up 26.8% on the year, and diluted earnings per share $2.21. The figures are the company's own, from the 10-K it filed with the SEC on 27 February 2026.

Revenue$151 millionup 37.2%

Net income$17 millionup 26.8%

Diluted EPS$2.21

QuarterQ2 FY2025ended 30 June 2025

The quarter, against the one before and a year earlier

Line	Q2 FY2025	Q1 FY2025	Q2 FY2024	Change on the year
Revenue	151	148	110	+37.2%
Cost of revenue	108	106	77.1	+39.5%
Gross profit	43.5	42.2	33.0	+31.8%
Gross margin	28.8%	28.5%	30.0%
Selling, general and administrative	18.7	18.7	13.9	+34.4%
Operating income	24.3	23.1	18.0	+35.5%
Operating margin	16.1%	15.6%	16.3%
Interest expense	2.7	2.8	0.6	+362.9%
Pre-tax income	21.6	20.3	17.4	+24.5%
Income tax	4.4	3.1	3.8	+16.4%
Effective tax rate	20.6%	15.3%	22.0%
Net income	17.2	17.2	13.6	+26.8%
Net margin	11.4%	11.6%	12.3%
Diluted EPS	$2.21	$2.21	$1.75	+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	25.3	13.8	11.7	+116.2%
Capital expenditure	2.9	2.8	2.8	+3.1%
Free cash flow	22.5	11.0	8.9	+151.3%
Free cash flow margin	14.9%	7.4%	8.1%
Cash from investing	-5.7	-2.8	-7.4	n/a
Cash from financing	-19.1	-10.7	1.0	n/a
Depreciation and amortisation	4.7	4.6	3.0	+55.6%
Share-based compensation	2.3	2.2	1.7	+31.6%
Diluted shares, weighted	8m	8m	8m	+0.3%
Shares outstanding at period end	8m	8m	8m	+0.5%

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	385	361	310	+24.3%
Debt	164	183	35.2	+364.8%
Operating lease liabilities	12.7	11.7	9.4	+35.4%
Finance lease liabilities	0.0	0.0	0.1	-80.0%
Other liabilities	72.8	87.5	67.5	+7.8%
Total liabilities and equity	635	643	422	+50.3%
Fixed assets	73.9	71.5	63.7	+16.0%
Goodwill	193	191	116	+66.9%
Intangible assets	142	143	62.4	+127.6%
Cash and equivalents	14.9	14.0	16.7	-11.0%
Receivables	84.9	93.8	61.0	+39.3%
Inventory	85.2	89.8	78.0	+9.3%
Other assets	40.8	40.3	25.0	+63.3%
Total assets	635	643	422	+50.3%

Questions

What was UFP Technologies' revenue in Q2 FY2025?

UFP Technologies (UFPT) reported revenue of $151 million for Q2 FY2025, the quarter ended 30 June 2025, up 37.2% on the same quarter a year earlier.

How much did UFP Technologies earn in Q2 FY2025?

Net income for Q2 FY2025 was $17 million, up 26.8% on the year, and diluted earnings per share $2.21.

When did UFP Technologies report Q2 FY2025 results?

UFP Technologies filed its 10-K for the quarter ended 30 June 2025 with the SEC on 27 February 2026.

Quarterly results, the last 12 quarters

	Q3 FY2023	Q4 FY2023	Q1 FY2024	Q2 FY2024	Q3 FY2024	Q4 FY2024	Q1 FY2025	Q2 FY2025	Q3 FY2025	Q4 FY2025	Q1 FY2026	Q2 FY2026
Revenue	101	101	105	110	145	144	148	151	155	149	154	174
Cost of revenue	73.0	75.4	74.9	77.1	104	102	106	108	112	107	110	123
Gross profit	27.8	26.1	30.1	33.0	41.5	42.1	42.2	43.5	42.7	42.0	44.4	50.9
Gross margin	28%	26%	29%	30%	29%	29%	28%	29%	28%	28%	29%	29%
SG&A	12.5	13.1	13.9	13.9	15.8	18.6	18.7	18.7	19.1	21.0	21.0	22.8
Operating income	15.0	12.7	15.9	18.0	24.8	22.3	23.1	24.3	23.4	21.5	23.4	28.1
Operating margin	15%	13%	15%	16%	17%	15%	16%	16%	15%	14%	15%	16%
Interest expense	0.9	0.8	0.6	0.6	3.5	3.4	2.8	2.7	2.4	1.9	1.7	1.7
Pre-tax income	14.1	11.9	15.3	17.4	21.2	19.1	20.3	21.6	21.1	19.5	21.6	26.4
Tax rate	17%	2%	17%	22%	23%	14%	15%	21%	22%	10%	19%	21%
Net income	11.7	11.6	12.7	13.6	16.4	16.4	17.2	17.2	16.4	17.6	17.5	20.9
Net margin	12%	11%	12%	12%	11%	11%	12%	11%	11%	12%	11%	12%
Diluted EPS	$1.52	$1.51	$1.64	$1.75	$2.11	$2.10	$2.21	$2.21	$2.11	$2.25	$2.24	$2.68
Operating cash flow	18.0	12.7	10.7	11.7	19.8	24.4	13.8	25.3	35.9	16.8	3.2	15.6
Capital expenditure	2.8	2.8	1.7	2.8	2.1	3.0	2.8	2.9	n/a	n/a	n/a	n/a
Free cash flow	15.2	9.9	8.9	8.9	17.7	21.4	11.0	22.5	n/a	n/a	n/a	n/a
Shares outstanding	8m	8m	8m	8m	8m	8m	8m	8m	8m	8m	8m	8m
Filing	10-K	10-K	10-K	10-K	10-Q	10-K	10-K	10-K	10-Q	10-K	10-Q	10-Q

Each quarter as filed, linked to its filing.

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-K for the period ended 30 June 2025, filed 27 February 2026, accession 0001628280-26-012816: the filing on EDGAR. All of UFP Technologies Inc.'s filings: EDGAR company page.

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