| Metric | Value ($ M) | vs Q2 FY25 |
|---|---|---|
| Revenue | 13.99 | 6.1% |
| Total Income | 13.99 | 6.1% |
| Expenditure | 0.65 | 95.2% |
| PBT | -2.01 | 187.1% |
| Net Profit | -2.01 | 187.1% |
| OPM | -5.49% | 3.52pp |
| NPM | -14.40% | 9.09pp |
| EPS | -0.35 | 169.2% |
Capstone Reports Record Q3 2025 Results with 46% EBITDA Growth
04 May 2026 · 4 May, 7:06 am
Summary
Capstone Holding Corp. announced strong financial and strategic highlights for the third quarter of 2025, including significant growth in revenue, gross profit, and adjusted EBITDA. Pro forma year-to-date revenue increased 19% year-over-year to $41.2 million. The company announced two acquisitions during the second half, expected to contribute $26 million in annualized revenue and accelerate progress toward the company’s $100 million run-rate target for 2026. Capstone expects to complete three to four strategic acquisitions in 2026.
Key Highlights
- 1
Pro forma year-to-date revenue increased 19% year-over-year to $41.2 million, driven by the Carolina Stone acquisition and continued organic growth.
- 2
Pro forma adjusted EBITDA rose 46% and gross profit rose 34%, reflecting acquisition growth and cost discipline.
- 3
Capstone's anticipated acquisition of a multi-location stone distributor with $15 million in annual revenue is on track to close before December 15.
- 4
Acquisitions completed in the second half are expected to add $26 million in annualized revenue and position the company for strong post-acquisition growth.
- 5
Capstone expects to complete three to four strategic acquisitions in 2026.
- 6
Economic conditions have improved meaningfully, supported by interest rate cuts and a steady recovery in demand.
- 7
Capstone quickly achieved integration milestones with Carolina Stone across ERP, logistics, marketing, and other core functions.
Management Comments
Matthew Lipman
It was another exciting quarter for Capstone, as we delivered record results across multiple fronts and announced our first two acquisitions. We expect our second acquisition to close before December 15 and to be immediately accretive to both revenue and EBITDA. We are well-positioned to reach our $100 million revenue run-rate target by early 2026.”
Informational and educational content only. Not investment advice.