We are rigorously assessing our operational expenditures to ensure we maximize our growth potential while being financially prudent.
— Management Team
03Detailed Report
ZOM
Zomedica Corp
Period
Q3 2025
CurrencyUSD
Report TypeQuarterly Earnings
GeneratedJun 29, 2026
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Executive Summary
Zomedica Corp (ZOM) reported its financial results for Q3 2025, achieving revenues of $6.997 million, reflecting a notable 10.24% increase year-over-year and a 14.12% growth quarter-over-quarter. The company continues to make strides in its mission to enhance veterinary health through innovative products and services aimed at companion animals. In light of the ongoing operational adjustments stemming from their product portfolio, Zomedica's strategic shift highlights their commitment to capturing increasing market share in a competitive landscape. Despite facing a net loss of $6.697 million, the management is optimistic about the potential of the TRUFORMA platform amidst ongoing product rollouts and enhanced demand for point-of-care diagnostics.
Management emphasized the strategic importance of operational efficiencies and cost containment in their earnings call, aligning with an increase in gross profit margin to 72.32%, indicating an effective handling of cost of goods sold (COGS) relative to revenue. Investors should note the commitment to innovation and strategic alliances, which are anticipated to bolster future financial performance.
Key Performance Indicators
Revenue
Increasing
7.00M
QoQ: 14.12% | YoY: 10.24%
Gross Profit
Increasing
5.06M
72.32% margin
QoQ: 112.16% | YoY: 16.00%
Operating Income
Decreasing
-7.44M
QoQ: 17.73% | YoY: -25.08%
Net Income
Decreasing
-6.70M
QoQ: 72.02% | YoY: -1 263.95%
EPS
Decreasing
-0.01
QoQ: 72.13% | YoY: -1 260.00%
Revenue Trend
Margin Analysis
Financial Highlights
1. Revenue Performance
- Q3 2025: $6.997 million
- YoY Growth: 10.24%
- QoQ Growth: 14.12%
This steady increase in revenue showcases Zomedica’s ability to capture market demand around its key products, particularly TRUFORMA.
2. Gross Profit
- Gross Profit: $5.060 million
- Gross Profit Margin: 72.32%.
The improvement in gross profitability reflects Zomedica's operational efficiencies and strategic pricing amidst rising sales.
3. Net Income
- Net Income: -$6.697 million
- EPS: -$0.0068, which illustrates impacts from increased operational costs as the company advances its growth initiatives.
4. Cash Flow
- Net Operating Cash Flow: -$4.796 million, emphasizing the need for cash management as operational investments ramp up.
- Ending Cash Position: $9.747 million, indicating a relatively stable liquidity position in challenging circumstances.
Income Statement
Metric
Value
YoY Change
QoQ Change
Revenue
7.00M
10.24%
14.12%
Gross Profit
5.06M
16.00%
112.16%
Operating Income
-7.44M
-25.08%
17.73%
Net Income
-6.70M
-1 263.95%
72.02%
EPS
-0.01
-1 260.00%
72.13%
Key Financial Ratios
Gross Profit Margin
Excellent
72.30%
Gross profit margin is exceptional, indicating strong pricing power and operational efficiency
Operating Profit Margin
Weak
-1.06%
Operating margin is below industry norms, profitability concerns
Net Profit Margin
Weak
-0.96%
Net profit margin is below industry norms, profitability concerns
Return on Assets
Weak
-0.03%
Return on assets suggests inefficient capital allocation
Return on Equity
Weak
-0.03%
Return on equity suggests inefficient capital allocation
Current Ratio
Strong
10.82
Current ratio indicates excellent liquidity and financial flexibility
Debt to Equity
Conservative
0.01
Debt-to-equity shows conservative leverage and low financial risk
P/E Ratio
Negative
-5.02x
Negative earnings make P/E ratio not meaningful
Price to Book
Undervalued
0.66x
Trading below book value, potential value opportunity or distressed
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