Filing Flows › CIRCLE8 Group (CIRC) › Q4 2025
CIRCLE8 Group (CIRC) Q4 2025 earnings results (fourth quarter 2025)
10-K filed Apr 15, 2026
CIRCLE8 Group (CIRC) reported revenue of $120M for the fourth quarter 2025 (Q4 2025), -7% from a year earlier and +9% from the quarter before. Operating margin was -19.5%, net loss $27.1M (22.6% of revenue).
CIRCLE8 Group, Q4 2025: revenue $120M (-7% year over year), operating margin -19.5%, net loss $27.1M, operating cash flow −$8.2M. The chart follows the revenue to costs, profit and cash.
| Q4 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $120M | +9% | -7% |
| Operating profit | −$23.4M | — | — |
| Net earnings | −$27.1M | — | — |
| Operating cash flow | −$8.2M | — | — |
What changed
Revenue was $120.0M in Q4 2025, down 7% year over year and up 9% from the previous quarter. Temporary placement services was the largest line at 99% of revenue.
Gross margin was 9.1%, down 1.2 points from Q4 2024. Operating costs exceeded revenue by $23.4M, an operating margin of -19.5%. Operating expenses grew 79% against a revenue fall of 7%. The fastest-growing cost line was SG&A (+84%). The quarter ended with a net loss of $27.1M, wider than the previous quarter's $10.8M loss.
Operating cash flow was −$8.2M. Non-cash charges added back $1.2M of depreciation and amortization and $17.1M of share-based compensation. Working capital and other items added $618K. Capital expenditures of $22K exceeded it, leaving free cash flow of −$8.2M.
Questions
What was CIRCLE8 Group's revenue in the fourth quarter 2025?
CIRCLE8 Group (CIRC) reported revenue of $120M for the fourth quarter 2025 (Q4 2025), -7% from a year earlier and +9% from the quarter before.
Was CIRCLE8 Group profitable in the fourth quarter 2025?
Operating loss was $23.4M (-19.5% of revenue) and net loss $27.1M.
Source: CIRCLE8 Group 10-K on SEC EDGAR.