| Metric | Value ($ M) | Q2 FY25 | Q3 FY24 |
|---|---|---|---|
| Revenue | 22.57 | 0.4% | 0.9% |
| Total Income | 22.57 | 0.4% | 0.9% |
| Expenditure | 24.24 | 1.9% | 0.3% |
| PBT | — | ||
| Net Profit | -1.74 | 16.0% | 14.7% |
| OPM | -7.40% | 1.62pp | 1.29pp |
| NPM | -7.71% | 1.09pp | 1.43pp |
| EPS | — |
Inuvo Reports Q3 2025 Revenue of $22.6 Million
04 May 2026 · 4 May, 7:53 am
Summary
Inuvo, Inc. reported a 1% increase in net revenue to $22.6 million for Q3 2025. The company's gross margin decreased to 73.4% compared to 88.4% in the same quarter last year, primarily due to a change in product mix within Platform revenue. Operating expenses declined by 16% to $18.2 million. Net loss narrowed to $1.7 million, or $0.12 per share, from $2.0 million, or $0.15 per share, in the third quarter of 2024. For the first nine months of 2025, net revenue increased 25% to $71.9 million.
Key Highlights
- 1
Inuvo's net revenue increased by 1% to $22.6 million in Q3 2025 compared to Q3 2024.
- 2
The company onboarded 23 new clients in Q3 2025.
- 3
Gross margin decreased to 73.4% in Q3 2025, compared to 88.4% in Q3 2024.
- 4
Operating expenses declined by 16% to $18.2 million in Q3 2025 from $21.7 million in Q3 2024.
- 5
Net loss narrowed to $1.7 million, or $0.12 per share, in Q3 2025 from $2.0 million, or $0.15 per share, in Q3 2024.
- 6
Net revenue increased 25% to $71.9 million for the first nine months of 2025, compared to $57.6 million for the same period in 2024.
- 7
Adjusted EBITDA improved 15% to a loss of $1.7 million for the first nine months of 2025 from a loss of $2 million for the same period in 2024.
Management Comments
Richard Howe
While we are up 25% year-over-year through the first nine months, Q3 came in less than we expected. In mid-August, we deliberately scaled back our advertising in order to comply with new requirements by our largest Platform client. Though this restrained Q3 growth more than expected, the upgrades bolster our ability to ensure campaign compliance and drive sustainable long-term scalable growth. Our pipeline of prospects across the business has never been stronger. For the third quarter of 2025, INUVO delivered $22.6M in revenue, roughly flat Year-over-Year. For the first nine months of the year, INUVO has delivered $71.9M in revenue. Thanks Wally. In Q3, we delivered $22.6 million in revenue—flat year-over-year, however we remain up 25% through the first nine months. We deliberately slowed growth from our largest Platform client to complete a major compliance upgrade, including the launch of Ranger, our new AI-driven ad quality system. This investment strengthens our foundation and positions us for sustained, scalable growth.
Rob Buchner
Thanks, Rich. And hello, everyone. I want to start by framing the immediate growth opportunities for the IntentKey product, driven by my broad view of the ad industry at this critical moment for AdTech.
Wally Ruiz
Thank you, Rich. Good afternoon, everyone, and thank you for joining us today. I’m pleased to share our financial results for the third quarter of 2025.
Informational and educational content only. Not investment advice.