iFabrick (IFA) Q3 2025 earnings summary

Executive summary

• Achieved record Q3 2025 revenue of $9.0 million, up 111% year-over-year, driven by strong demand for technology-enhanced apparel and new customer programs.

• Management expects continued growth into Q4 2025 and FY2026, supported by a robust order pipeline and retailer adoption.

• Temporary dip in gross margin and earnings attributed to U.S. tariffs and upfront ERP system rollout costs, expected to normalize as tariff reductions and ERP efficiencies are realized.

Financial highlights

• Q3 2025 revenue: $9,021,607, up 111% from Q3 2024; YTD 2025 revenue: $21,898,808, up 30% year-over-year.

• Q3 2025 gross profit: $2,727,058 (30% margin), up 55% year-over-year; YTD gross margin decreased to 35% from 42% due to tariffs and product mix.

• Q3 2025 adjusted EBITDA: $850,090 vs. negative $1,943 in Q3 2024; YTD adjusted EBITDA: $900,384 vs. $1,210,254 in 2024.

• Q3 2025 net earnings after tax: $543,802 ($0.018/share) vs. net loss of $105,616 in Q3 2024; YTD net earnings after tax: $442,157 ($0.015/share) vs. $501,083 in 2024.

• Cash at September 30, 2025: $1,233,908, down from $2,655,107 at prior quarter-end due to increased inventory deposits.

Outlook and guidance

• Management anticipates continued sales growth and market expansion into Q4 2025 and FY2026, with momentum supported by a healthy order pipeline.

• Gross margin and earnings expected to recover as tariff reductions phase in and ERP system efficiencies are realized.