Filing Flows › Commercial Vehicle Group (CVGI) › Q4 2025
Commercial Vehicle Group (CVGI) Q4 2025 earnings results (fourth quarter 2025)
10-K filed Mar 10, 2026
Commercial Vehicle Group (CVGI) reported revenue of $155M for the fourth quarter 2025 (Q4 2025), -5% from a year earlier and +1% from the quarter before. Operating margin was -1.2%, net loss $6.6M (4.3% of revenue).
Commercial Vehicle Group, Q4 2025: revenue $155M (-5% year over year), operating margin -1.2%, net loss $6.6M, operating cash flow $12.3M. The chart follows the revenue to costs, profit and cash.
| Q4 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $155M | +1% | -5% |
| Operating profit | −$1.8M | — | — |
| Net earnings | −$6.6M | — | — |
| Operating cash flow | $12.3M | — | — |
| Free cash flow | $8.7M | — | — |
What changed
Revenue was $154.8M in Q4 2025, down 5% year over year and up 1% from the previous quarter. Seats was the largest line at 41% of revenue.
Gross margin was 9.7%, up 1.7 points from a year earlier. Operating costs exceeded revenue by $1.8M, an operating margin of -1.2%. Operating expenses fell 8% while revenue fell 5%. The quarter ended with a net loss of $6.6M, narrower than the previous quarter's $7.1M loss. Net interest and other expense of $4.6M was the main reason.
Operating cash flow was $12.3M. Non-cash charges added back $3.8M of depreciation and amortization and $1.0M of share-based compensation. Working capital and other items added $14.1M. After purchases of property, plant and equipment ($3.6M), free cash flow as the company reports it was $8.7M.
Questions
What was Commercial Vehicle Group's revenue in the fourth quarter 2025?
Commercial Vehicle Group (CVGI) reported revenue of $155M for the fourth quarter 2025 (Q4 2025), -5% from a year earlier and +1% from the quarter before.
Was Commercial Vehicle Group profitable in the fourth quarter 2025?
Operating loss was $1.8M (-1.2% of revenue) and net loss $6.6M.