Filing Flows › CVR Energy (CVI) › Q4 2025
CVR Energy (CVI) Q4 2025 earnings results (fourth quarter 2025)
10-K filed Feb 18, 2026
CVR Energy (CVI) reported revenue of $1.8B for the fourth quarter 2025 (Q4 2025), -7% from a year earlier and -7% from the quarter before. Operating margin was -5.2%, net loss $116M (6.4% of revenue).
CVR Energy, Q4 2025: revenue $1.8B (-7% year over year), operating margin -5.2%, net loss $116M, operating cash flow $0. The chart follows the revenue to costs, profit and cash.
| Q4 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $1.8B | -7% | -7% |
| Operating profit | −$95.0M | -119% | — |
| Net earnings | −$116M | -131% | — |
| Operating cash flow | $0 | -100% | -100% |
What changed
Revenue was $1.8B in Q4 2025, down 7% year over year and down 7% from the previous quarter. Petroleum Segment was the largest line at 91% of revenue.
Operating costs exceeded revenue by $0.10B, an operating margin of -5.2%. Total costs fell 1% while revenue fell 7%. The quarter ended with a net loss of $0.12B, after a profit of $0.40B the previous quarter. Minority interests bore $0.01B of it: to shareholders the quarter was a loss of $0.11B.
Operating cash flow was $0K. Non-cash charges added back $0.14B of depreciation and amortization and $0.01B of share-based compensation. Working capital and other items used $0.03B. Capital expenditures of $0.06B exceeded it, leaving free cash flow of −$0.06B.
Questions
What was CVR Energy's revenue in the fourth quarter 2025?
CVR Energy (CVI) reported revenue of $1.8B for the fourth quarter 2025 (Q4 2025), -7% from a year earlier and -7% from the quarter before.
Was CVR Energy profitable in the fourth quarter 2025?
Operating loss was $95.0M (-5.2% of revenue) and net loss $116M.
Source: CVR Energy 10-K on SEC EDGAR.