Spirit AeroSystems Q3 Results 2025

Spirit AeroSystems' Third Quarter 2025 Results Released

Spirit AeroSystems Holdings, Inc. (NYSE: SPR) has announced its financial results for the third quarter of 2025. The company's revenues for this period were reported at $1.6 billion, representing an 8% increase compared to the same period in 2024. However, earnings per share (EPS) recorded a loss of $(6.16), while adjusted EPS stood at $(4.87).

As of the third quarter, the cash flow utilized was $187 million, with free cash flow usage reported at $230 million. The company's cash balance was reported to be $299 million.

In this quarter of 2025, Spirit's revenues increased due to higher production activities in the Boeing, Airbus, and Defense & Space programs. In particular, Boeing 737 deliveries showed a significant year-over-year increase. At the end of the third quarter, Spirit's total backlog was approximately $52 billion.

The operating loss in the third quarter increased compared to 2024. Net anticipated losses among regions were identified as $585 million, while programs such as Boeing 737, Boeing 787, Airbus A220, and Airbus A350 accounted for a significant portion of these losses due to supply chain issues and rising production costs. The total net loss was recorded as $724 million.

Spirit AeroSystems Management has developed a plan aimed at increasing operational liquidity. This plan is contingent upon the merger agreement with Boeing and various strategies are being evaluated to meet future liquidity requirements.

Alongside these processes, developments in 2024 have led to significant reductions in projected revenues and cash flows over the next twelve months. Uncertainties remain for investors, and Spirit will need to secure additional financing to meet its liquidity needs. As of 2024, the company’s leverage ratio has increased significantly.