QuoteMedia reported third‑quarter 2025 revenue of $5.2 million, a 10% year‑over‑year increase from $4.7 million in Q3 2024 and a 5% quarter‑over‑quarter rise from $4.93 million in Q2 2025. The growth was driven by stronger demand in its core market‑data and software segments, offsetting a modest decline in legacy product sales that had weighed the prior year’s results.
Net loss for the quarter was $367,192, an improvement over the $440,941 loss reported in Q3 2024. Adjusted EBITDA rose to $377,662 from $366,549 in the same period last year. The company’s profitability was impacted by the capitalization of development costs, a smaller portion of which was capitalized in Q3 2025 compared to earlier quarters. This accounting treatment temporarily reduces reported net income but does not affect cash flow, and management expects amortization expenses to decline, improving gross margin and overall profitability in future periods.
QuoteMedia secured several major new contracts that will begin contributing to revenue in Q4 2025 and beyond. These agreements are expected to strengthen the company’s pipeline and provide a solid foundation for continued top‑line growth. Management highlighted that the new contracts are part of a broader strategy to expand its market‑data offerings and deepen customer relationships in high‑growth sectors.
Comparing to prior periods, Q3 2024 revenue fell 1% year‑over‑year to $4.7 million, and the company’s adjusted EBITDA declined by $352,998 from Q3 2023. The current quarter’s improvement in both revenue and adjusted EBITDA signals a rebound from the challenging third quarter of 2024, driven by renewed customer demand and a more favorable mix of high‑margin contracts.
Robert J. Thompson, QuoteMedia’s Chairman, said the company was “very pleased with the results this quarter” and emphasized confidence in a strong finish to 2025 and momentum heading into 2026. He noted that the company’s pipeline remains robust and that the new contracts will further strengthen performance.
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