Filing Flows › Chewy (CHWY) › Q4 FY25
Chewy (CHWY) Q4 FY25 earnings results (fourth quarter fiscal 2025)
10-K filed Mar 26, 2025
Chewy (CHWY) reported revenue of $3.2B for the fourth quarter fiscal 2025 (Q4 FY25), +15% from a year earlier and +13% from the quarter before. Operating margin was -0.3%, net earnings $22.8M (0.7% of revenue).
Chewy, Q4 FY25: revenue $3.2B (+15% year over year), operating margin -0.3%, net earnings $22.8M, operating cash flow $208M. The chart follows the revenue to costs, profit and cash.
| Q4 FY25 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $3.2B | +13% | +15% |
| Operating profit | −$9.7M | — | — |
| Net earnings | $22.8M | — | — |
| Operating cash flow | $208M | +13% | +108% |
| Free cash flow | $157M | +3% | +133% |
What changed
Revenue was $3.2B in Q4 FY25, up 15% year over year and up 13% from the previous quarter.
Gross margin was 28.5%, up 0.3 points from a year earlier. Operating costs exceeded revenue by $0.01B, an operating margin of -0.3%. Operating expenses grew 14% against revenue growth of 15%. The fastest-growing cost line was Other operating costs (+21%). Net earnings were $0.02B, down 29% year over year. Non-operating items added $0.01B, -259% of pre-tax earnings, so the bottom line overstates operating performance.
Operating cash flow was $0.21B (up 108% year over year), 910% of net earnings. Non-cash charges added back $0.03B of depreciation and amortization and $0.08B of share-based compensation. Working capital and other items added $0.07B. Capital expenditures of $0.05B left free cash flow of $0.16B.
Questions
What was Chewy's revenue in the fourth quarter fiscal 2025?
Chewy (CHWY) reported revenue of $3.2B for the fourth quarter fiscal 2025 (Q4 FY25), +15% from a year earlier and +13% from the quarter before.
Was Chewy profitable in the fourth quarter fiscal 2025?
Operating loss was $9.7M (-0.3% of revenue) and net earnings $22.8M.
Source: Chewy 10-K on SEC EDGAR.