SSC Security Services (SECU) Q3 2025 earnings summary

Executive summary

• Achieved strong third quarter results with improved gross margins and higher adjusted EBITDA year-over-year.

• Continued disciplined share buybacks and paid the 36th consecutive quarterly dividend.

• Maintained a debt-free balance sheet and strong liquidity position.

Financial highlights

• Q3 2025 revenue was $30.2 million, up 1.7% from $29.7 million in Q3 2024, driven by organic growth.

• Gross profit rose to $5.3 million (17.5% margin) from $4.7 million (15.9%) year-over-year.

• Adjusted EBITDA increased 14% to $1.4 million ($0.08 per share) from $1.3 million ($0.07 per share) year-over-year.

• Adjusted net income for the quarter was $0.8 million ($0.04 per share), up from $0.7 million ($0.04 per share) last year.

• Cash and cash equivalents stood at $9.6 million, with working capital of $25.4 million at quarter-end.

Outlook and guidance

• Expects continued growth in demand for integrated security services and solutions.

• Plans to pursue acquisitions selectively to accelerate growth while maintaining financial conservatism.

• Legacy assets are expected to convert to cash within the next year, supporting business expansion.

• Will continue capital returns via dividends and maintain a focus on strong margins and adjusted EBITDA per share.