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Bausch & Lomb (BLCO) Q4 2025 earnings results (fourth quarter 2025)

10-K filed Feb 18, 2026

Bausch & Lomb (BLCO) reported revenue of $1.4B for the fourth quarter 2025 (Q4 2025), +10% from a year earlier and +10% from the quarter before. Operating margin was 8.0%, net loss $58.0M (4.1% of revenue).

Revenue$1.4B
Year over year+10%
Quarter over quarter+10%
Operating margin8.0%
Net earnings−$58.0M

Bausch & Lomb, Q4 2025: revenue $1.4B (+10% year over year), operating margin 8.0%, net loss $58.0M, operating cash flow $136M. The chart follows the revenue to costs, profit and cash.

Q4 2025AmountQ/QY/Y
Revenue$1.4B+10%+10%
Operating profit$112M+18%—
Net earnings−$58.0M——
Operating cash flow$136M-0.7%+518%
Free cash flow$60.0M-5%—

What changed

Revenue was $1.4B in Q4 2025, up 10% year over year and up 10% from the previous quarter. Devices was the largest line at 37% of revenue.

Operating profit was $0.11B, a 8.0% margin (up 1.2 points year over year). Of the extra revenue versus a year earlier, 20% reached operating profit, above the 7% margin then. Total costs grew 8% against revenue growth of 10%. The fastest-growing cost line was Other operating costs (+12%). The quarter ended with a net loss of $0.06B, wider than the previous quarter's $0.03B loss. Net interest and other expense of $0.10B was the main reason.

Operating cash flow was $0.14B (up 518% year over year). Non-cash charges added back $0.10B of depreciation and amortization and $0.06B of share-based compensation. Working capital and other items added $0.03B. Capital expenditures of $0.08B left free cash flow of $0.06B.

Questions

What was Bausch & Lomb's revenue in the fourth quarter 2025?

Bausch & Lomb (BLCO) reported revenue of $1.4B for the fourth quarter 2025 (Q4 2025), +10% from a year earlier and +10% from the quarter before.

Was Bausch & Lomb profitable in the fourth quarter 2025?

Operating profit was $112M (8.0% of revenue) and net loss $58.0M.

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Source: Bausch & Lomb 10-K on SEC EDGAR.