Filing Flows › Avalon Holdings (AWX) › Q4 2025
Avalon Holdings (AWX) Q4 2025 earnings results (fourth quarter 2025)
10-K filed Mar 19, 2026
Avalon Holdings (AWX) reported revenue of $21.5M for the fourth quarter 2025 (Q4 2025), +22% from a year earlier and -17% from the quarter before. Operating margin was 0.4%, net loss $413K (1.9% of revenue).
Avalon Holdings, Q4 2025: revenue $21.5M (+22% year over year), operating margin 0.4%, net loss $413K, operating cash flow $278K. The chart follows the revenue to costs, profit and cash.
| Q4 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $21.5M | -17% | +22% |
| Operating profit | $79K | -97% | — |
| Net earnings | −$413K | -122% | — |
| Operating cash flow | $278K | -81% | — |
What changed
Revenue was $21.5M in Q4 2025, up 22% year over year and down 17% from the previous quarter. Waste Management Services was the largest line at 64% of revenue.
Operating profit was $79K, a 0.4% margin (up 1.1 points year over year). Total costs grew 20% against revenue growth of 22%. The fastest-growing cost line was Cost of revenue (+22%). The quarter ended with a net loss of $413K, after a profit of $1.8M the previous quarter. Minority interests bore $57K of it: to shareholders the quarter was a loss of $356K. Net interest and other expense of $510K was the main reason.
Operating cash flow was $278K. Non-cash charges added back $936K of depreciation and amortization. Working capital and other items used $245K. Capital expenditures of $444K exceeded it, leaving free cash flow of −$166K.
Questions
What was Avalon Holdings' revenue in the fourth quarter 2025?
Avalon Holdings (AWX) reported revenue of $21.5M for the fourth quarter 2025 (Q4 2025), +22% from a year earlier and -17% from the quarter before.
Was Avalon Holdings profitable in the fourth quarter 2025?
Operating profit was $79K (0.4% of revenue) and net loss $413K.
Source: Avalon Holdings 10-K on SEC EDGAR.