NASDAQ$MLAB

Mesa Laboratories Inc · Q2 2025 earnings

Q2 2025 earnings · · Investor relations

Briefing

Announced results for the second quarter of fiscal year 2025.

Mesa Labs reported an 8.8% increase in revenues compared to the second quarter of the previous year, driven by the acquisition of GKE. Operating income significantly increased, and the company saw sequential growth in orders. However, core organic revenues declined slightly due to shipment timing in SDC and headwinds in China.

  • Revenues increased by 8.8% compared to the second quarter of the previous year.
  • Operating income increased by 5,947% to $3,508 thousand.
  • Non-GAAP adjusted operating income excluding unusual items increased by 18.9%.
  • The acquisition of GKE contributed significantly to revenue growth, offsetting organic decline.

Headline financials

Total Revenue

$57.8M

Previous: $53.2M+8.8%
EPS

$0.63

Previous: $1.91-67.0%
Non-GAAP AOI Margin

24.8%

No prior period
Capital Expenditures

-$2.68M

Previous: -$904K-196.3%
Free Cash Flow

$13M

Previous: $18.8M-30.8%
Net Income

$3.43M

Previous: -$1.23M+378.7%
Operating Income

$3.51M

Previous: -$60K+5946.7%
Gross Profit

$35.5M

Previous: $32.1M+10.4%
Cash & Equivalents

$24.3M

Previous: $35.6M-31.7%
Total Assets

$454M

Previous: $637M-28.7%
R&D Expense

$4.63M

No prior period
Stock-Based Comp

$3.84M

Previous: $3.18M+20.5%

Revenue & EPS history

Mesa Labs · Revenue · Quarterly

$57.8M

Q2 2025+8.8%vs Q2 2024
Beat estimate in 7 of 15 quarters(47%)
ActualEstimate

Revenue by segment

Mesa Labs · $63.7M total across 4 segments · Q4 2026

  • Sterilization and Disinfection Control
    $29.1M
  • Calibration Solutions
    $13.6M
  • Clinical Genomics
    $12.2M
  • Biopharmaceutical Development
    $8.85M

Forward guidance

The company anticipates strong year-over-year growth in 3Q25 for BPD and continued sequential growth in CG, CS, and SDC, leading to strong organic revenue growth overall. They remain attuned to market shifts and continue to invest in strategic initiatives for long-term growth.

Tailwinds

  • Solid sales funnels are expected to drive strong year-over-year growth in 3Q25 for BPD.
  • Continued sequential growth is expected in 3Q25 for CG, CS, and SDC.
  • The company anticipates strong organic revenue growth in 3Q25.
  • The company will remain highly attuned to market shifts.
  • The company will continue to invest in strategic initiatives driving long term growth.

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 19 quarterly earnings reports · overlaid with Q2 2025

Historical avgQ2 2025

+0.1%

Avg return

Earnings day

-0.5%

Avg return

5 days after

-0.1%

Avg return

30 days after

55%

35 / 64 earnings

Positive

+26.6%

Q2 2023

Best reaction

-24.9%

Q1 2026

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q4 2026
Q3 2026+8.7%+15.9%+8.8%
Q2 2026+2.1%+6.7%+3.7%
Q1 2026-24.9%-16.0%-15.9%
Q4 2025-9.3%-13.5%-12.8%
Q3 2025+2.5%+10.3%+3.2%
Q2 2025-11.4%-16.2%-7.6%
Q1 2025+5.8%+11.8%+13.4%
Q4 2024+13.3%+5.5%-3.4%
Q3 2024+2.0%-0.2%+18.9%
Q2 2024+0.1%-8.8%+2.0%
Q1 2024+8.0%+10.3%+11.4%
Q4 2023-2.2%-7.7%-11.7%
Q3 2023-7.4%-8.6%-13.5%
Q2 2023+26.6%+31.2%+39.1%
Q1 2023-5.5%-10.7%-23.5%
Q4 2022-3.7%-2.7%-6.1%
Q3 2022-3.9%-2.0%-5.8%
Q2 2022+4.0%+1.4%-0.1%
Q1 2022+0.4%-1.4%-3.8%
Q4 2021+4.7%+6.4%+9.6%
Q3 2021+0.9%-0.4%-5.2%
Q2 2021-0.4%+2.7%+2.1%
Q1 2021+2.0%-1.5%-1.4%
Q4 2020-5.7%-6.5%-18.6%
Q3 2020-7.2%-2.4%-13.9%
Q2 2020-0.2%-4.7%+3.3%
Q1 2020+6.6%+7.0%-7.3%
Q4 2019-21.1%-19.3%-2.3%
Q3 2019+0.6%+3.4%+2.2%
Q2 2019+0.9%+3.0%+20.4%
Q1 2019-2.7%-0.3%+3.5%
Q4 2018+16.3%+15.4%+31.3%
Q3 2018-5.1%-14.2%-8.0%
Q2 2018-17.2%-19.7%-19.7%
Q1 2018+5.2%+1.6%-2.5%
Q4 2017-6.5%-13.3%-12.3%
Q3 2017+6.4%+1.4%+5.2%
Q2 2017-1.3%-0.8%-1.1%
Q1 2017-4.3%-10.4%-10.5%
Q4 2016+12.7%+26.5%+23.1%
Q3 2016-4.8%
Q2 2016+1.9%
Q1 2016+13.3%
Q4 2015+2.1%
Q3 2015+0.8%
Q2 2015+10.4%
Q1 2015-2.0%
Q4 2014-4.0%
Q3 2013-0.2%
Q3 2014-0.2%
Q2 2014-0.1%
Q1 2014-3.5%
Q4 2013-0.2%
Q2 2013-1.8%
Q1 2013-0.8%
Q4 2012+2.5%
Q3 2011+1.3%
Q3 2012+1.3%
Q2 2011+1.5%
Q2 2012+1.5%
Q4 2011+0.0%
Q1 2011+0.0%
Q1 2012+0.0%
Q4 2010+0.1%

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