PetVivo Holdings Inc (PETV) Q3 2025 Earnings Report

PetVivo Holdings reported a Q3 2025 revenue of $583,313, up to a modest extent on a QoQ basis but down 2.1% year over year (YoY). The company delivered a gross profit of $521,816 with a very high gross margin of 89.5%, illustrating favorable product economics on the revenue recognized. However, operating expenses remained outsized relative to top-line, yielding an EBITDA loss of $1.70 million and a net loss of $1.76 million for the quarter. Diluted earnings per share stood at -$0.085, reflecting aggressive investment in infrastructure and pipeline development without commensurate near-term revenue scale. Cash burn persists: net cash used in operating activities was $0.96 million, leaving cash on hand at $28,891 at quarter-end and net debt of roughly $2.34 million against total assets of $3.11 million, signaling an ongoing funding requirement. On the positive side, the gross margin strength indicates that a scalable revenue ramp or disciplined cost management could drive a clearer path to profitability if PETV can convert pipeline opportunities and licenses into meaningful revenue.