Filing Flows › American Vanguard (AVD) › Q4 2025
American Vanguard (AVD) Q4 2025 earnings results (fourth quarter 2025)
10-K filed Mar 16, 2026
American Vanguard (AVD) reported revenue of $151M for the fourth quarter 2025 (Q4 2025), -9% from a year earlier and +26% from the quarter before. Operating margin was -14.5%, net loss $28.2M (18.7% of revenue).
American Vanguard, Q4 2025: revenue $151M (-9% year over year), operating margin -14.5%, net loss $28.2M, operating cash flow $6.0M. The chart follows the revenue to costs, profit and cash.
| Q4 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $151M | +26% | -9% |
| Operating profit | −$21.8M | — | — |
| Net earnings | −$28.2M | — | — |
| Operating cash flow | $6.0M | -53% | -77% |
| Free cash flow | $4.4M | -61% | -82% |
What changed
Revenue was $150.7M in Q4 2025, down 9% year over year and up 26% from the previous quarter.
Gross margin was 28.3%, up 14.5 points from Q4 2024. Operating costs exceeded revenue by $21.8M, an operating margin of -14.5%. Operating expenses fell 31% while revenue fell 9%. The quarter ended with a net loss of $28.2M, wider than the previous quarter's $12.4M loss.
Operating cash flow was $6.0M (down 77% year over year). Non-cash charges added back $4.7M of depreciation and amortization and $275K of share-based compensation. Working capital and other items added $29.2M. Capital expenditures of $1.5M left free cash flow of $4.4M.
Questions
What was American Vanguard's revenue in the fourth quarter 2025?
American Vanguard (AVD) reported revenue of $151M for the fourth quarter 2025 (Q4 2025), -9% from a year earlier and +26% from the quarter before.
Was American Vanguard profitable in the fourth quarter 2025?
Operating loss was $21.8M (-14.5% of revenue) and net loss $28.2M.
Source: American Vanguard 10-K on SEC EDGAR.