Filing Flows › Comtech Telecommunications (CMTL) › Q4 FY25
Comtech Telecommunications (CMTL) Q4 FY25 earnings results (fourth quarter fiscal 2025)
10-K filed Nov 10, 2025
Comtech Telecommunications (CMTL) reported revenue of $130M for the fourth quarter fiscal 2025 (Q4 FY25), +3% from a year earlier and +3% from the quarter before. Operating margin was 1.4%, net earnings $7.9M (6.1% of revenue).
Comtech Telecommunications, Q4 FY25: revenue $130M (+3% year over year), operating margin 1.4%, net earnings $7.9M, operating cash flow $11.4M. The chart follows the revenue to costs, profit and cash.
| Q4 FY25 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $130M | +3% | +3% |
| Gross profit | $40.7M | +4% | +50% |
| Operating profit | $1.9M | — | — |
| Net earnings | $7.9M | -77% | — |
| Operating cash flow | $11.4M | +397% | — |
| Free cash flow | $9.7M | — | — |
What changed
Revenue was $130.4M in Q4 FY25, up 3% year over year and up 3% from the previous quarter.
Gross margin was 31.2%, up 9.7 points from a year earlier. Operating profit was $1.9M, a 1.4% margin (up 66.0 points year over year). Operating expenses fell 64% while revenue rose 3%. The fastest-growing cost line was Research & development (+34%). Net earnings were $7.9M. The effective tax rate was 6.6%. Non-operating items added $6.6M, 78% of pre-tax earnings, so the bottom line overstates operating performance.
Operating cash flow was $11.4M, 145% of net earnings. Non-cash charges added back $8.4M of depreciation and amortization and $600K of share-based compensation. Working capital and other items used $5.5M. Capital expenditures of $1.7M left free cash flow of $9.7M.
Questions
What was Comtech Telecommunications' revenue in the fourth quarter fiscal 2025?
Comtech Telecommunications (CMTL) reported revenue of $130M for the fourth quarter fiscal 2025 (Q4 FY25), +3% from a year earlier and +3% from the quarter before.
Was Comtech Telecommunications profitable in the fourth quarter fiscal 2025?
Operating profit was $1.9M (1.4% of revenue) and net earnings $7.9M.