---
title: "ODP | 8-K: FY2025 Q3 Revenue Misses Estimate at USD 1.625 B"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/264421389.md"
datetime: "2025-11-05T11:52:45.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/264421389.md)
  - [en](https://longbridge.com/en/news/264421389.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/264421389.md)
---

# ODP | 8-K: FY2025 Q3 Revenue Misses Estimate at USD 1.625 B

Revenue: As of FY2025 Q3, the actual value is USD 1.625 B, missing the estimate of USD 1.669 B.

EPS: As of FY2025 Q3, the actual value is USD 0.72.

EBIT: As of FY2025 Q3, the actual value is USD 37 M.

### Segment Revenue

-   **ODP Business Solutions Division**: Reported sales for the third quarter of 2025 were $862 million, a decrease of 6% year-over-year.
-   **Office Depot Division**: Reported sales were $749 million in the third quarter of 2025, down 13% year-over-year.
-   **Veyer Division**: Reported sales of $1.1 billion, with sales generated from third-party customers increasing by 64% compared to the same period last year, resulting in sales of $23 million.

### Operational Metrics

-   **Net Income**: GAAP net income from continuing operations was $23 million, compared to $68 million in the prior year period.
-   **Operating Income**: GAAP operating income was $34 million, down from $102 million in the prior year period.
-   **Adjusted Operating Income**: Adjusted operating income was $38 million, compared to $41 million in the third quarter of 2024.
-   **Adjusted EBITDA**: Adjusted EBITDA was $62 million, flat with the prior year period.

### Cash Flow

-   **Operating Cash Flow**: Operating cash flow from continuing operations was $90 million, compared to $81 million in the prior year period.
-   **Free Cash Flow**: Free cash flow was $78 million, compared to $58 million in the prior year period.
-   **Adjusted Free Cash Flow**: Adjusted free cash flow was $89 million, up from $68 million in the prior year period.

### Unique Metrics

-   **Total Available Liquidity**: $730 million, including $182 million in cash and cash equivalents at quarter end.

### Outlook / Guidance

-   The Company expects the previously announced transaction to close by year-end 2025.
-   The Company will not hold an earnings conference call or provide forward-looking guidance due to the pending merger with an affiliate of Atlas Holdings.

### Related Stocks

- [ODP.US](https://longbridge.com/en/quote/ODP.US.md)