Creative Realities Inc. reported third quarter 2025 revenue of $10.5 million, down from $14.4 million in the same period last year. Gross profit was $4.8 million, compared to $6.6 million in the prior-year quarter. The company recorded a net loss of $7.8 million, versus net income of $0.1 million for the third quarter of 2024. Adjusted EBITDA was $0.8 million, compared to $2.3 million in the prior-year period. Sales and marketing expenses decreased to $1.4 million from $1.5 million, while general and administrative expenses rose to $5.0 million from $3.9 million, mainly due to increased stock-based compensation and transaction expenses related to the acquisition of CDM. The company also reported a non-cash software impairment charge of $5.7 million related to the wind down of its engagement with Stellantis.