Short answer
MATRIX SERVICE CO (MTRX) filed its Q3 2025 10-Q quarterly report on Nov 6, 2025 for the quarter ended Sep 30, 2025. Quarterly revenue was $212M (up 28.0% year over year) with net income of −$4M.
Q3 2025 key financials · XBRL
- Revenue
- $212M
- +28.0% YoY
- Net income
- −$4M
- +60.3% YoY
- Operating margin
- -2.6%
- Gross margin
- 6.7%
- EPS (diluted)
- −$0.13
- +60.6% YoY
Source: XBRL data from the MATRIX SERVICE CO (MTRX) Q3 2025 10-Q on SEC EDGAR. USD.
MATRIX SERVICE CO Q3 2025 10-Q analysis
AI summary of MD&A and risk factor updates
Management Discussion & Analysis
- Revenue $211.9M, up $46.3M or 28% YoY
- Gross margin 6.7% vs 4.7% YoY
- Best segment Storage and Terminal Solutions, $109.5M revenue and $136.1M awards
- Operating loss $5.5M vs $10.8M YoY, including $3.3M restructuring costs
- Backlog $1.16B; management expects rising activity from current backlog, with award timing and project delays as headwinds
Risk Factors
- Share-repurchase capacity: 1,349,037 shares remaining under the 2,707,175-share authorization
- ABL covenant risk: Repurchases capped at $2.5 million annually and subject to availability thresholds
- Dividend restriction: ABL Facility permits stock dividends only
- Mine-safety compliance: Contractor status makes Matrix an “operator” under the Mine Act
- Trading-compliance update: No directors or officers adopted or terminated Rule 10b5-1 arrangements during the quarter
Generated from the filing text; verify against the original. 10-K vs 10-Q vs 8-K
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