Filing Flows › Clarus (CLAR) › Q4 2025
Clarus (CLAR) Q4 2025 earnings results (fourth quarter 2025)
10-K filed Mar 5, 2026
Clarus (CLAR) reported revenue of $65.4M for the fourth quarter 2025 (Q4 2025), -8% from a year earlier and -6% from the quarter before. Operating margin was -59.6%, net loss $31.3M (47.8% of revenue).
Clarus, Q4 2025: revenue $65.4M (-8% year over year), operating margin -59.6%, net loss $31.3M, operating cash flow $12.5M. The chart follows the revenue to costs, profit and cash.
| Q4 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $65.4M | -6% | -8% |
| Operating profit | −$39.0M | — | — |
| Net earnings | −$31.3M | — | — |
| Operating cash flow | $12.5M | — | -25% |
| Free cash flow | $11.6M | — | -19% |
What changed
Revenue was $65.4M in Q4 2025, down 8% year over year and down 6% from the previous quarter.
Gross margin was 27.7%, down 5.7 points from a year earlier. Operating costs exceeded revenue by $39.0M, an operating margin of -59.6%. Operating expenses fell 23% while revenue fell 8%. The quarter ended with a net loss of $31.3M, wider than the previous quarter's $1.6M loss.
Operating cash flow was $12.5M (down 25% year over year). Non-cash charges added back $3.1M of depreciation and amortization and $1.3M of share-based compensation. Working capital and other items added $39.3M. Capital expenditures of $903K left free cash flow of $11.6M.
Questions
What was Clarus' revenue in the fourth quarter 2025?
Clarus (CLAR) reported revenue of $65.4M for the fourth quarter 2025 (Q4 2025), -8% from a year earlier and -6% from the quarter before.
Was Clarus profitable in the fourth quarter 2025?
Operating loss was $39.0M (-59.6% of revenue) and net loss $31.3M.
Source: Clarus 10-K on SEC EDGAR.