Perfect Corp. Reports Q3 2025 Unaudited Results, First Operating Profit

PERF-WT
October 28, 2025

Perfect Corp. reported unaudited financial results for the three months ended September 30, 2025, and the nine months ended September 30, 2025. Revenue for the quarter rose 15.7% year‑over‑year to $18.7 million, beating analyst estimates of $17.98 million. The company posted its first quarterly operating profit of $0.5 million, up from a $0.1 million loss in the same period a year earlier.

Gross profit increased 9.2% to $14.1 million, giving a gross margin of 75.8%, down from 80.3% in Q3 2024. The margin decline was largely driven by higher App Store and Google Play platform processing fees. Net income for the quarter was $2.1 million, down 17.9% from $2.5 million in Q3 2024, largely due to higher platform fees and increased operating expenses following the February 7 2025 completion of the Wannaby acquisition. Diluted earnings per share were $0.02, in line with analyst expectations of $0.0139.

Operating cash flow for the quarter was $2.8 million, a 34.6% decline from $4.2 million in Q3 2024. Over the nine‑month period, revenue grew 15.1% to $51.0 million, and gross profit rose 10.7% to $38.9 million, yielding a gross margin of 76.3%. The company posted an operating loss of $1.1 million, a significant improvement from a $2.7 million loss in the same period a year earlier. Net income for the nine months was $4.6 million, up 16.7% from $3.9 million in 2024, and operating cash flow reached $10.8 million, a 10.3% increase.

Cash and cash equivalents stood at $127.9 million as of September 30, 2025, providing a solid liquidity base to support continued investment in AI and AR product development and strategic growth initiatives. The results underscore the company’s shift to a subscription‑based model and its focus on expanding both consumer and enterprise segments, positioning it for sustained revenue growth in 2025. Perfect Corp. reaffirmed its full‑year 2025 revenue guidance, projecting year‑over‑year growth of 13.0% to 14.5%. The company also reported 842 brand clients and over 953,000 digital SKUs as of September 30, 2025.

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