10-Q quarterly report · filed Nov 4, 2025

DMC Global Inc. (BOOM) Q3 2025 10-Q Quarterly Report

Short answer

DMC Global Inc. (BOOM) filed its Q3 2025 10-Q quarterly report on Nov 4, 2025 for the quarter ended Sep 30, 2025. Quarterly revenue was $152M (down 0.6% year over year) with net income of −$3M.

Q3 2025 key financials · XBRL

Revenue
$152M
−0.6% YoY · −2.5% QoQ
Net income
−$3M
+97.0% YoY · −2756.0% QoQ
Operating margin
0.4%
Gross margin
21.7%
EPS (diluted)
−$0.11
+98.7% YoY · +54.2% QoQ

Source: XBRL data from the DMC Global Inc. (BOOM) Q3 2025 10-Q on SEC EDGAR. USD.

DMC Global Inc. Q3 2025 10-Q analysis

AI summary of MD&A and risk factor updates

Management Discussion & Analysis

  • Q3 revenue $151.532M, down 1% YoY from $152.429M, primarily reflecting lower NobelClad sales
  • Gross margin 21.7% vs 19.8% YoY; operating income $610K vs $148.935M loss
  • Best segment Arcadia Products: sales $61.661M, up 7%; worst NobelClad: $20.925M, down 16%
  • Adjusted EBITDA attributable to DMC $8.564M vs $5.671M YoY; leverage ratio 1.19x, adjusted leverage 0.65x
  • Outlook: crude prices near multi-year lows, tariff uncertainty, weaker construction, and expected lower DynaEnergetics demand; NobelClad backlog $57.040M

Risk Factors

  • New tariff risk triggered by significant U.S. 2025 tariffs and retaliatory measures
  • Tariff exposure: steel and aluminum costs, limited availability, and potential inability to pass through increases
  • New immigration-enforcement risk triggered by significantly increased ICE enforcement
  • Labor exposure: unauthorized-worker penalties, reduced labor pool, and higher qualified-employee costs
  • Carried-forward risk factors otherwise unchanged from the December 31, 2024 Form 10-K

Generated from the filing text; verify against the original. 10-K vs 10-Q vs 8-K

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