Filing Flows › Brighthouse Financial (BHF) › Q4 2025
Brighthouse Financial (BHF) Q4 2025 earnings results (fourth quarter 2025)
10-K filed Feb 24, 2026
Brighthouse Financial (BHF) reported revenue of $1.7B for the fourth quarter 2025 (Q4 2025), +40% from a year earlier and -7% from the quarter before. Operating margin was 8.9%, net earnings $137M (8.1% of revenue).
Brighthouse Financial, Q4 2025: revenue $1.7B (+40% year over year), operating margin 8.9%, net earnings $137M, operating cash flow −$3.0M. The chart follows the revenue to costs, profit and cash.
| Q4 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $1.7B | -7% | +40% |
| Operating profit | $150M | -74% | -82% |
| Net earnings | $137M | -71% | -80% |
| Operating cash flow | −$3.0M | -103% | — |
What changed
Revenue was $1.7B in Q4 2025, up 40% year over year and down 7% from the previous quarter.
Operating profit was $0.15B, a 8.9% margin (down 60.3 points year over year). Operating profit fell $0.68B even though revenue rose $0.48B versus a year earlier, so costs grew faster than sales. Total costs grew 315% against revenue growth of 40%. Net earnings were $0.14B, down 80% year over year. The effective tax rate was 8.0%.
Operating cash flow was −$3.0M. Working capital and other items used $0.14B.
Questions
What was Brighthouse Financial's revenue in the fourth quarter 2025?
Brighthouse Financial (BHF) reported revenue of $1.7B for the fourth quarter 2025 (Q4 2025), +40% from a year earlier and -7% from the quarter before.
Was Brighthouse Financial profitable in the fourth quarter 2025?
Operating profit was $150M (8.9% of revenue) and net earnings $137M.