Filing Flows › Traeger (COOK) › Q4 2025
Traeger (COOK) Q4 2025 earnings results (fourth quarter 2025)
10-K filed Mar 6, 2026
Traeger (COOK) reported revenue of $145M for the fourth quarter 2025 (Q4 2025), -14% from a year earlier and +16% from the quarter before. Operating margin was -8.0%, net loss $17.2M (11.8% of revenue).
Traeger, Q4 2025: revenue $145M (-14% year over year), operating margin -8.0%, net loss $17.2M, operating cash flow $15.5M. The chart follows the revenue to costs, profit and cash.
| Q4 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $145M | +16% | -14% |
| Operating profit | −$11.7M | — | — |
| Net earnings | −$17.2M | — | — |
| Operating cash flow | $15.5M | +105% | +108% |
| Free cash flow | $14.2M | +122% | +158% |
What changed
Revenue was $145.4M in Q4 2025, down 14% year over year and up 16% from the previous quarter. Grills was the largest line at 42% of revenue.
Gross margin was 37.4%, down 3.5 points from a year earlier. Operating costs exceeded revenue by $11.7M, an operating margin of -8.0%. Operating expenses fell 4% while revenue fell 14%. The fastest-growing cost line was Other operating costs (+138%). The quarter ended with a net loss of $17.2M, narrower than the previous quarter's $89.8M loss.
Operating cash flow was $15.5M (up 108% year over year). Non-cash charges added back $8.8M of depreciation and amortization and $2.8M of share-based compensation. Working capital and other items added $21.1M. Capital expenditures of $1.3M left free cash flow of $14.2M.
Questions
What was Traeger's revenue in the fourth quarter 2025?
Traeger (COOK) reported revenue of $145M for the fourth quarter 2025 (Q4 2025), -14% from a year earlier and +16% from the quarter before.
Was Traeger profitable in the fourth quarter 2025?
Operating loss was $11.7M (-8.0% of revenue) and net loss $17.2M.
Source: Traeger 10-K on SEC EDGAR.