Filing Flows › Amerisafe (AMSF) › Q4 2025
Amerisafe (AMSF) Q4 2025 earnings results (fourth quarter 2025)
10-K filed Feb 27, 2026
Amerisafe (AMSF) reported revenue of $81.6M for the fourth quarter 2025 (Q4 2025), +10% from a year earlier and -0.5% from the quarter before. Operating margin was 15.6%, net earnings $10.4M (12.8% of revenue).
Amerisafe, Q4 2025: revenue $81.6M (+10% year over year), operating margin 15.6%, net earnings $10.4M, operating cash flow $10.6M. The chart follows the revenue to costs, profit and cash.
| Q4 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $81.6M | -0.5% | +10% |
| Operating profit | $12.7M | -27% | -24% |
| Net earnings | $10.4M | -25% | -21% |
| Operating cash flow | $10.6M | -0.6% | -2% |
| Free cash flow | $10.4M | +7% | -3% |
What changed
Revenue was $81.6M in Q4 2025, up 10% year over year and roughly flat from the previous quarter.
Operating profit was $12.7M, a 15.6% margin (down 7.1 points year over year). Operating profit fell $4.1M even though revenue rose $7.6M versus a year earlier, so costs grew faster than sales. Total costs grew 20% against revenue growth of 10%. Net earnings were $10.4M, down 21% year over year. The effective tax rate was 17.9%.
Operating cash flow was $10.6M (down 2% year over year), 102% of net earnings. Non-cash charges added back $150K of depreciation and $286K of share-based compensation. Capital expenditures of $173K left free cash flow of $10.4M.
Questions
What was Amerisafe's revenue in the fourth quarter 2025?
Amerisafe (AMSF) reported revenue of $81.6M for the fourth quarter 2025 (Q4 2025), +10% from a year earlier and -0.5% from the quarter before.
Was Amerisafe profitable in the fourth quarter 2025?
Operating profit was $12.7M (15.6% of revenue) and net earnings $10.4M.
Source: Amerisafe 10-K on SEC EDGAR.