NASDAQ$MLAB

Mesa Laboratories Inc · Q3 2025 earnings

Q3 2025 earnings · · Before market open · Investor relations

Briefing

Reported strong revenue growth driven by organic growth and the acquisition of GKE, with operating income significantly increasing and strategic investments continuing.

Mesa Labs reported a 17.5% increase in revenues, driven by 12.6% organic growth and a 4.9% inorganic contribution from GKE. Operating income saw a substantial increase of 8,725%. However, the company experienced a net loss due to unrealized foreign currency losses and interest expense. Non-GAAP core organic revenues grew by 13.2%, and AOI increased by 21.2%.

  • Revenues increased by 17.5% driven by organic growth and the acquisition of GKE.
  • Operating income increased significantly by 8,725%.
  • Non-GAAP core organic revenues grew by 13.2%.
  • AOI excluding unusual items increased by 13.3%.

Headline financials

Total Revenue

$62.8M

Previous: $53.5M+17.5%
EPS (adj)

$2.72

Previous: $2.02+34.7%
Total Net Leverage Ratio

3.2

No prior period
Capital Expenditures

-$3.49M

Previous: -$2.03M-71.9%
Net Income

-$1.68M

Previous: $2.12M-179.2%
Operating Income

$5.78M

Previous: -$67K+8725.4%
Gross Profit

$35.5M

Previous: $33.4M+6.4%
R&D Expense

$5.05M

Previous: $4.29M+17.7%
Stock-Based Comp

$3.24M

Previous: $2.99M+8.2%

Revenue & EPS history

Mesa Labs · Revenue · Quarterly

$62.8M

Q3 2025+17.5%vs Q3 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

Solid sales funnels and a backlog build in 3Q25 will enable year over year core revenues growth in 4Q25. The company anticipates adapting to new policies and market shifts, including the recent appreciation of the US dollar, and rising recession risk in Europe.

Tailwinds

  • Solid sales funnels expected to drive core revenue growth.
  • Backlog build in 3Q25 supports future revenue.
  • Strong operating leverage profile.
  • Continued investment in strategic initiatives.
  • Acquisition of GKE delivered first twelve months of full ownership revenues >10% higher than initial expectations.

Headwinds

  • Potential need to adapt to new policies in the USA.
  • Recent appreciation of the US dollar.
  • Rising recession risk in Europe.
  • Operating results tend to change quickly in response to market conditions.
  • Ongoing headwinds from China and continued disruption to the U.S. Laboratory Developed Test (“LDT”) market

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 Q3 2025

Historical avgQ3 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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