Filing Flows › Butler National (BUKS) › Q4 FY25
Butler National (BUKS) Q4 FY25 earnings results (fourth quarter fiscal 2025)
10-K filed Jul 3, 2025
Butler National (BUKS) reported revenue of $21.6M for the fourth quarter fiscal 2025 (Q4 FY25), -5% from a year earlier and +2% from the quarter before. Operating margin was 20.4%, net earnings $3.3M (15.4% of revenue).
Butler National, Q4 FY25: revenue $21.6M (-4% year over year), operating margin 20.4%, net earnings $3.3M, operating cash flow −$1.2M. The chart follows the revenue to costs, profit and cash.
| Q4 FY25 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $21.6M | +2% | -5% |
| Operating profit | $4.4M | +10% | -6% |
| Net earnings | $3.3M | -1% | -25% |
| Operating cash flow | −$1.2M | -108% | — |
What changed
Revenue was $21.6M in Q4 FY25, down 5% year over year and up 2% from the previous quarter. Aircraft Modification was the largest line at 34% of revenue.
Operating profit was $4.4M, a 20.4% margin (down 0.4 points year over year). Total costs fell 4% while revenue fell 5%. Net earnings were $3.3M, down 25% year over year. The effective tax rate was 18.4%.
Operating cash flow was −$1.2M. Non-cash charges added back $1.7M of depreciation and amortization and $114K of share-based compensation. Working capital and other items used $6.3M. Capital expenditures of $2.1M exceeded it, leaving free cash flow of −$3.3M.
Questions
What was Butler National's revenue in the fourth quarter fiscal 2025?
Butler National (BUKS) reported revenue of $21.6M for the fourth quarter fiscal 2025 (Q4 FY25), -5% from a year earlier and +2% from the quarter before.
Was Butler National profitable in the fourth quarter fiscal 2025?
Operating profit was $4.4M (20.4% of revenue) and net earnings $3.3M.
Source: Butler National 10-K on SEC EDGAR.