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Cars.com (CARS) Q4 2025 earnings results (fourth quarter 2025)

10-K filed Feb 26, 2026

Cars.com (CARS) reported revenue of $184M for the fourth quarter 2025 (Q4 2025), +2% from a year earlier and +1% from the quarter before. Operating margin was 11.8%, net earnings $7.4M (4.0% of revenue).

Revenue$184M
Year over year+2%
Quarter over quarter+1%
Operating margin11.8%
Net earnings$7.4M

Cars.com, Q4 2025: revenue $184M (+2% year over year), operating margin 11.8%, net earnings $7.4M, operating cash flow $37.1M. The chart follows the revenue to costs, profit and cash.

Q4 2025AmountQ/QY/Y
Revenue$184M+1%+2%
Operating profit$21.7M+29%+10%
Net earnings$7.4M-3%-57%
Operating cash flow$37.1M-37%+24%
Free cash flow$31.2M—+28%

What changed

Revenue was $183.9M in Q4 2025, up 2% year over year and up 1% from the previous quarter.

Operating profit was $21.7M, a 11.8% margin (up 0.9 points year over year). Of the extra revenue versus a year earlier, 56% reached operating profit, above the 11% margin then. Total costs grew 1% against revenue growth of 2%. The fastest-growing cost line was General & admin (+16%). Net earnings were $7.4M, down 57% year over year. The effective tax rate was 50.2%.

Operating cash flow was $37.1M (up 24% year over year), 502% of net earnings. Non-cash charges added back $16.5M of depreciation and amortization and $8.9M of share-based compensation. Working capital and other items added $4.4M. After capitalization of internally developed technology ($5.5M) and purchase of property and equipment ($385K), free cash flow as the company reports it was $31.2M.

Questions

What was Cars.com's revenue in the fourth quarter 2025?

Cars.com (CARS) reported revenue of $184M for the fourth quarter 2025 (Q4 2025), +2% from a year earlier and +1% from the quarter before.

Was Cars.com profitable in the fourth quarter 2025?

Operating profit was $21.7M (11.8% of revenue) and net earnings $7.4M.

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Source: Cars.com 10-K on SEC EDGAR.