Kaliste Saloom, Interim CEO of Mawson, said, "Our third quarter results clearly demonstrate Mawson's ongoing commitment to growth and our resilience. With significant improvements in revenue, gross profit, and net income, we are making real progress toward sustained profitability. The successful launch of our GPU pilot program and the lease extension at Bellefonte underscore our commitment to growth and innovation in AI and digital infrastructure. We look forward to building on this momentum as we approach 2026, positioning Mawson as a leader in carbon-aware, next-generation compute solutions across the U.S."
Third Quarter and Year-to-Date 2025 Financial Highlights
Total revenue for Q3 2025 was $13.2 million compared to $12.3 million for Q3 2024, an increase of 7%.
Gross profit for Q3 2025 was $8.6 million compared to $4.3 million for Q3 2024, an increase of 98%.
Income from operations for Q3 2025 was $1.6 million compared to loss from operations for Q3 2024 of $11.4 million.
Net income for Q3 2025 was $0.3 million compared to net loss for Q3 2024 of $12.2 million.
Net income per share (basic) for Q3 2025 was $0.02 compared to net loss per share (basic) for Q3 2024 of $0.66.
Net income per share (diluted) for Q3 2025 was $0.01 compared to net loss per share (diluted) for Q3 2024 of $0.66.
Total revenue for YTD 2025 was $36.5 million compared to $44.2 million for YTD 2024, a decrease of 17%.
Gross profit for YTD 2025 was $18.4 million compared to $15.6 million for YTD 2024, an increase of 18%.
Loss from operations for YTD 2025 was $4.4 million compared to $25.8 million for YTD 2024, an improvement of 83%.
Net loss attributed to holders of common stock for YTD 2025 was $8.0 million compared to $41.6 million for YTD 2024, an improvement of 81%.
Net loss per share (basic and diluted) for YTD 2025 was $0.40 compared to $2.37 for YTD 2024.
Operational Updates
Pilot Program
In October 2025, ...
