IEH Corporation (IEHC) Q3 2025 Earnings Report

IEH Corporation (IEHC) delivered a modest top-line expansion in QQ3 2025 with revenue of 7,217,616 (USD thousands as reported) and gross profit of 1,648,149, yielding a gross margin of 22.8%. The quarter captured a strong gross base but was marked by operating and net losses of 130,086 and 61,640, respectively, reflecting elevated operating costs and non-operating items that offset the gross profits. A key offset to the profitability challenge is the company’s solid liquidity—net cash position after debt considerations is substantial, with cash and equivalents reported at 9,041,167 and total equity of 22,643,708,000 (presented in the report’s USD units). Operational cash flow was positive at 525,790, contributing to a free cash flow of 453,552 for QQ3 2025. Management commentary in the absence of an earnings transcript suggests a focus on sustaining strength in core interconnects while balancing ongoing investment needs. Investors should weigh the favorable cash position and asset-light profitability risks, along with the potential for margin improvement as product mix shifts and defense/aerospace demand cycles evolve. The quarter underscores a duality: meaningful revenue progression vs. persistent near-term profitability headwinds, with an emphasis on liquidity and capital structure as competitive advantages.