Filing Flows › Cadre Holdings (CDRE) › Q4 2025
Cadre Holdings (CDRE) Q4 2025 earnings results (fourth quarter 2025)
10-K filed Mar 10, 2026
Cadre Holdings (CDRE) reported revenue of $167M for the fourth quarter 2025 (Q4 2025), -5% from a year earlier and +7% from the quarter before. Operating margin was 12.2%, net earnings $11.7M (7.0% of revenue).
Cadre Holdings, Q4 2025: revenue $167M (-5% year over year), operating margin 12.2%, net earnings $11.7M, operating cash flow $21.2M. The chart follows the revenue to costs, profit and cash.
| Q4 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $167M | +7% | -5% |
| Gross profit | $72.6M | +9% | -6% |
| Operating profit | $20.4M | +9% | -30% |
| Net earnings | $11.7M | +7% | -10% |
| Operating cash flow | $21.2M | -5% | -10% |
| Free cash flow | $18.0M | -17% | -20% |
What changed
Revenue was $167.2M in Q4 2025, down 5% year over year and up 7% from the previous quarter.
Gross margin was 43.4%, down 0.4 points from a year earlier. Operating profit was $20.4M, a 12.2% margin (down 4.5 points year over year). Operating expenses grew 9% against a revenue fall of 5%. The fastest-growing cost line was SG&A (+12%). Net earnings were $11.7M, down 10% year over year. The effective tax rate was 33.5%.
Operating cash flow was $21.2M (down 10% year over year), 181% of net earnings. Non-cash charges added back $4.7M of depreciation and amortization and $5.4M of share-based compensation. Capital expenditures of $3.3M left free cash flow of $18.0M.
Questions
What was Cadre Holdings' revenue in the fourth quarter 2025?
Cadre Holdings (CDRE) reported revenue of $167M for the fourth quarter 2025 (Q4 2025), -5% from a year earlier and +7% from the quarter before.
Was Cadre Holdings profitable in the fourth quarter 2025?
Operating profit was $20.4M (12.2% of revenue) and net earnings $11.7M.
Source: Cadre Holdings 10-K on SEC EDGAR.