Filing Flows › American Superconductor (AMSC) › Q4 FY25
American Superconductor (AMSC) Q4 FY25 earnings results (fourth quarter fiscal 2025)
10-K filed May 21, 2025
American Superconductor (AMSC) reported revenue of $66.7M for the fourth quarter fiscal 2025 (Q4 FY25), +59% from a year earlier and +9% from the quarter before. Operating margin was 2.5%, net earnings $1.2M (1.8% of revenue).
American Superconductor, Q4 FY25: revenue $66.7M (+59% year over year), operating margin 2.5%, net earnings $1.2M, operating cash flow $6.3M. The chart follows the revenue to costs, profit and cash.
| Q4 FY25 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $66.7M | +9% | +59% |
| Gross profit | $17.7M | +8% | +70% |
| Operating profit | $1.7M | +26% | — |
| Net earnings | $1.2M | -51% | — |
| Operating cash flow | $6.3M | +7% | +181% |
| Free cash flow | $5.3M | -2% | +171% |
What changed
Revenue was $66.7M in Q4 FY25, up 59% year over year and up 9% from the previous quarter. Grid was the largest line at 83% of revenue.
Gross margin was 26.5%, up 1.7 points from a year earlier. Operating profit was $1.7M, a 2.5% margin (up 7.8 points year over year). Operating expenses grew 27% against revenue growth of 59%. The fastest-growing cost line was SG&A (+52%). Net earnings were $1.2M. The effective tax rate was 50.0%. Non-operating items added $756K, 31% of pre-tax earnings, so the bottom line overstates operating performance.
Operating cash flow was $6.3M (up 181% year over year), 522% of net earnings. Non-cash charges added back $3.3M of depreciation and amortization and $2.9M of share-based compensation. Working capital and other items used $1.0M. Capital expenditures of $1.0M left free cash flow of $5.3M.
Questions
What was American Superconductor's revenue in the fourth quarter fiscal 2025?
American Superconductor (AMSC) reported revenue of $66.7M for the fourth quarter fiscal 2025 (Q4 FY25), +59% from a year earlier and +9% from the quarter before.
Was American Superconductor profitable in the fourth quarter fiscal 2025?
Operating profit was $1.7M (2.5% of revenue) and net earnings $1.2M.