EVI Industries reported Q3 2025 (quarter ending 2025-03-31) revenue of $93.54 million, up 11.38% year over year and 0.89% quarter over quarter. Gross profit reached $28.06 million for a gross margin of 29.99%, while operating income was $2.28 million (operating margin ~2.43%) and net income was $1.04 million (net margin ~1.11%), yielding an EPS of $0.07. EBITDA stood at $2.28 million with an EBITDA margin near 2.4%. The quarter delivered solid cash generation: operating cash flow of $9.15 million and free cash flow of $8.11 million, supporting a modest increase in cash to $5.91 million at period end. Despite healthy near-term cash flow, the balance sheet carries relatively high goodwill and intangible assets (~$104.04 million combined), suggesting elevated impairment risk should growth or gross margins deteriorate in the coming periods. Net debt stood at approximately $27.44 million, with total debt of $33.35 million and equity of $140.21 million, indicating conservative leverage in a niche industrial distribution business.