Filing Flows › Target Group (CBDY) › Q4 2025
Target Group (CBDY) Q4 2025 earnings results (fourth quarter 2025)
10-K filed Mar 31, 2026
Target Group (CBDY) reported revenue of $735K for the fourth quarter 2025 (Q4 2025), -60% from a year earlier and +47% from the quarter before. Operating margin was -75.1%, net loss $552K (75.1% of revenue).
Target Group, Q4 2025: revenue $735K (-60% year over year), operating margin -75.1%, net loss $552K, operating cash flow −$251K. The chart follows the revenue to costs, profit and cash.
| Q4 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $735K | +47% | -60% |
| Operating profit | −$552K | — | -356% |
| Net earnings | −$552K | — | -356% |
| Operating cash flow | −$251K | — | -134% |
What changed
Revenue was $735K in Q4 2025, down 60% year over year and up 47% from the previous quarter.
Gross margin was 39.1%, down 19.0 points from Q4 2024. Operating costs exceeded revenue by $552K, an operating margin of -75.1%. Operating expenses fell 3% while revenue fell 60%. The quarter ended with a net loss of $552K, wider than the previous quarter's $479K loss.
Operating cash flow was −$251K. Non-cash charges added back $225K of depreciation. Working capital and other items added $76K.
Questions
What was Target Group's revenue in the fourth quarter 2025?
Target Group (CBDY) reported revenue of $735K for the fourth quarter 2025 (Q4 2025), -60% from a year earlier and +47% from the quarter before.
Was Target Group profitable in the fourth quarter 2025?
Operating loss was $552K (-75.1% of revenue) and net loss $552K.
Source: Target Group 10-K on SEC EDGAR.