John Smith
Chief Executive Officer
Replay available
Capstone Holding Corp. (NASDAQ: CAPS) Q2 2025 earnings conference call, held 2025-08-15. Replay captured from the company's public earnings webcast.

Chief Executive Officer
Director of Investor Relations
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WEBVTT 00:00:00.638 -- 00:00:06.787 Welcome to Capstone Holding Corp's second quarter 2025 earnings presentation. 00:00:06.787 -- 00:00:11.334 Capstone is built to deliver, positioned to acquire, 00:00:11.334 -- 00:00:13.855 and ready to scale. 00:00:13.938 -- 00:00:18.164 This slide is our preamble and summary of our legal disclosure. 00:00:18.164 -- 00:00:24.093 The following content is fully qualified by the legal disclosures on the next two slides. 00:00:24.093 -- 00:00:29.174 Our goal is to share with some of the strategic thinking and financial analysis we've 00:00:29.174 -- 00:00:32.438 been using to guide the growth of our business. 00:00:32.438 -- 00:00:36.984 This content aligns with our principles of being accountable and transparent with our 00:00:36.984 -- 00:00:40.828 shareholders. We operate in a hyper-dynamic environment. 00:00:40.828 -- 00:00:44.253 That's a fancy way of saying things change quickly. 00:00:44.253 -- 00:00:48.638 What we're telling you today is based on our best estimates and assumptions. 00:00:48.638 -- 00:00:53.244 We reserve the right to revise our views as new information becomes available. 00:00:53.244 -- 00:00:58.572 Despite uncertainty, we must plan. must make operating and investment decisions. 00:00:58.572 -- 00:01:03.436 This presentation lays out some of that thinking for your review. 00:01:19.419 -- 00:01:24.225 In Q2, InStone delivered significant margin expansion and earnings growth. 00:01:24.225 -- 00:01:29.392 Revenue was essentially flat year but gross profit increased 13%. 00:01:29.392 -- 00:01:32.934 Gross margin improved from 21.4% to 24.4%, 00:01:34.357 -- 00:01:38.301 driven by growth in our owned higher margin brands. 00:01:38.301 -- 00:01:43.587 EBITDA more than doubled, up 120% from 374,000 in Q2 2024 to 839,0...