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Ionik (INIK) investor relations material
Ionik Q3 2025 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Executive summary
Q3 2025 revenue reached $48.9 million, up 18% year-over-year, driven mainly by acquisitions of Nimble5 and Rise4 in 2024.
Gross profit increased 26% to $20.8 million, with gross margin improving to 42% from 40% in Q3 2024.
Adjusted EBITDA rose 56% year-over-year to $9.2 million, reflecting operational leverage from recent acquisitions.
Net loss after tax narrowed to $1.0 million from $2.6 million in Q3 2024.
Financial highlights
Adjusted Free Cash Flow was $9.1 million, up from $5.4 million in Q3 2024, with a 98% conversion rate.
Cash balance at quarter-end was $6.0 million, up from $5.1 million at June 30, 2025.
Total undiscounted debt decreased by $5.2 million during the quarter, ending at $112.4 million.
Senior debt net of cash was $68.5 million at September 30, 2025, down from $74.6 million at June 30, 2025.
Outlook and guidance
Entering the seasonally strongest quarter, management expects to finish the year successfully.
Current capital position is considered sufficient to execute business and operational strategies.
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