FINHUB Insights

SO · Q3 FY25 · Jul 1 – Sep 30, 2025

Southern Q3 FY25: where the revenue came from and where it went

Southern Q3 FY25: revenue $7.8B (+8% year over year). Net profit $1.7B. Largest cohort Residential $2.7B. The whole income statement as a sankey diagram from the SEC filing.

Period
Jul 1 – Sep 30, 2025
Reported
Oct 30, 2025 10-Q
Sankey diagram of Southern's income statement for Q3 FY25: revenue of $7.8 billion splits into segments and flows out into costs, taxes and net profit.

Tap the diagram to enlarge · figures in billions of dollars

Revenue$7.8B +8% year over year
Gross profit$7.7B 98% margin
Operating profit$2.6B 33% margin
Net profit$1.7B 22% margin

The numbers

All figures in billions of U.S. dollars, for Q3 FY25 (period ends Sep 30, 2025).
ItemValueShare of revenueYear over year
Revenue 7.8 100% +8%
Residential 2.7 35% +3%
Commercial 2.1 27% +4%
Industrial 1.2 15%
Wholesale electric 0.7 9% +18%
Other revenues 0.4 5% +1%
PPA energy revenues 0.4 5% +24%
Other 0.2 3%
PPA capacity revenues 0.2 3% −5%
Cost of revenue−0.23%
Gross profit7.798% margin+0pp
Operating expenses−5.165%+0pp
Operating profit2.633% margin+1pp
Tax−0.4
Interest & other costs−0.5
Net profit1.722%+1pp
Filing on EDGAR More quarters of SO

Source of the numbers: tables in the filing (10-Q). The diagram is generated automatically and checked against EDGAR before release. How we calculate it → About and methodology.

Older quarters