Filing Flows › Avista (AVA) › Q4 2025
Avista (AVA) Q4 2025 earnings results (fourth quarter 2025)
10-K filed Feb 25, 2026
Avista (AVA) reported revenue of $533M for the fourth quarter 2025 (Q4 2025), 0% from a year earlier and +32% from the quarter before. Operating margin was 21.0%, net earnings $71.0M (13.3% of revenue).
Avista, Q4 2025: revenue $533M (0% year over year), operating margin 21.0%, net earnings $71.0M, operating cash flow $75.0M. The chart follows the revenue to costs, profit and cash.
| Q4 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $533M | +32% | 0% |
| Operating profit | $112M | +87% | +10% |
| Net earnings | $71.0M | +145% | +6% |
| Operating cash flow | $75.0M | -56% | -17% |
What changed
Revenue was $533.0M in Q4 2025, roughly flat year over year and up 32% from the previous quarter.
Operating profit was $112.0M, a 21.0% margin (up 1.9 points year over year). Total costs fell 2% while revenue was flat. Net earnings were $71.0M, up 6% year over year. The effective tax rate was 11.2%.
Operating cash flow was $75.0M (down 17% year over year), 106% of net earnings. Non-cash charges added back $73.0M of depreciation and amortization and $1.0M of share-based compensation. Working capital and other items used $70.0M. Capital expenditures of $191.0M exceeded it, leaving free cash flow of −$116.0M.
Questions
What was Avista's revenue in the fourth quarter 2025?
Avista (AVA) reported revenue of $533M for the fourth quarter 2025 (Q4 2025), 0% from a year earlier and +32% from the quarter before.
Was Avista profitable in the fourth quarter 2025?
Operating profit was $112M (21.0% of revenue) and net earnings $71.0M.
Source: Avista 10-K on SEC EDGAR.