Block Inc. shares dropped 12% in after-hours trading on November 7, 2025, after the company reported third-quarter earnings that fell short of Wall Street expectations. The company posted earnings per share of 54 cents, missing the anticipated 63 cents, and reported revenue of $6.11 billion, below the forecasted $6.33 billion. Despite the earnings miss, Block Inc. saw an 18% year-over-year increase in gross profit, reaching $2.66 billion, and projected full-year profits of $10.24 billion for 2025. The Cash App division led growth with a 24% increase in gross profit to $1.62 billion, while the Square division's gross profit rose 9% to $1.018 billion. Additionally, Block's Bitcoin mining arm, Proto, generated its first revenue in Q3, marking a promising development according to CFO Amrita Ahuja.