Filing Flows › DMC Global (BOOM) › Q4 2025
DMC Global (BOOM) Q4 2025 earnings results (fourth quarter 2025)
10-K filed Feb 23, 2026
DMC Global (BOOM) reported revenue of $144M for the fourth quarter 2025 (Q4 2025), -6% from a year earlier and -5% from the quarter before. Operating margin was -7.8%, net loss $11.9M (8.3% of revenue).
DMC Global, Q4 2025: revenue $144M (-6% year over year), operating margin -7.8%, net loss $11.9M, operating cash flow $15.2M. The chart follows the revenue to costs, profit and cash.
| Q4 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $144M | -5% | -6% |
| Operating profit | −$11.1M | -1925% | — |
| Net earnings | −$11.9M | — | — |
| Operating cash flow | $15.2M | -18% | +29% |
| Free cash flow | $11.7M | — | +74% |
What changed
Revenue was $143.5M in Q4 2025, down 6% year over year and down 5% from the previous quarter.
Gross margin was 17.1%, down 3.7 points from a year earlier. Operating costs exceeded revenue by $11.1M, an operating margin of -7.8%. Operating expenses grew 10% against a revenue fall of 6%. The fastest-growing cost line was Sales & marketing (+68%). The quarter ended with a net loss of $11.9M, wider than the previous quarter's $2.1M loss. Minority interests bore $695K of it: to shareholders the quarter was a loss of $11.2M.
Operating cash flow was $15.2M (up 29% year over year). Non-cash charges added back $8.6M of depreciation and amortization and $1.2M of share-based compensation. Working capital and other items added $17.3M. After acquisition of property, plant and equipment, net ($3.5M), free cash flow as the company reports it was $11.7M.
Questions
What was DMC Global's revenue in the fourth quarter 2025?
DMC Global (BOOM) reported revenue of $144M for the fourth quarter 2025 (Q4 2025), -6% from a year earlier and -5% from the quarter before.
Was DMC Global profitable in the fourth quarter 2025?
Operating loss was $11.1M (-7.8% of revenue) and net loss $11.9M.
Source: DMC Global 10-K on SEC EDGAR.