Filing Flows › Cbiz (CBZ) › Q4 2025
Cbiz (CBZ) Q4 2025 earnings results (fourth quarter 2025)
10-K filed Feb 26, 2026
Cbiz (CBZ) reported revenue of $543M for the fourth quarter 2025 (Q4 2025), +18% from a year earlier and -22% from the quarter before. Operating margin was -15.7%, net loss $79.4M (14.6% of revenue).
Cbiz, Q4 2025: revenue $543M (+18% year over year), operating margin -15.7%, net loss $79.4M, operating cash flow $144M. The chart follows the revenue to costs, profit and cash.
| Q4 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $543M | -22% | +18% |
| Operating profit | −$85.2M | -245% | — |
| Net earnings | −$79.4M | -363% | — |
| Operating cash flow | $144M | +499% | +159% |
| Free cash flow | $142M | +543% | +171% |
What changed
Revenue was $542.7M in Q4 2025, up 18% year over year and down 22% from the previous quarter.
Operating costs exceeded revenue by $85.2M, an operating margin of -15.7%. Total costs grew 11% against revenue growth of 18%. The fastest-growing cost line was Cost of revenue (+14%). The quarter ended with a net loss of $79.4M, after a profit of $30.1M the previous quarter.
Operating cash flow was $143.6M (up 159% year over year). Non-cash charges added back $24.0M of depreciation and amortization and $6.4M of share-based compensation. Working capital and other items added $192.7M. Capital expenditures of $1.9M left free cash flow of $141.7M.
Questions
What was Cbiz's revenue in the fourth quarter 2025?
Cbiz (CBZ) reported revenue of $543M for the fourth quarter 2025 (Q4 2025), +18% from a year earlier and -22% from the quarter before.
Was Cbiz profitable in the fourth quarter 2025?
Operating loss was $85.2M (-15.7% of revenue) and net loss $79.4M.
Source: Cbiz 10-K on SEC EDGAR.