Filing Flows › CVD Equipment (CVV) › Q4 2025
CVD Equipment (CVV) Q4 2025 earnings results (fourth quarter 2025)
10-K filed Mar 30, 2026
CVD Equipment (CVV) reported revenue of $5.0M for the fourth quarter 2025 (Q4 2025), -33% from a year earlier and -33% from the quarter before. Operating margin was -27.2%, net loss $1.3M (25.6% of revenue).
CVD Equipment, Q4 2025: revenue $5.0M (-33% year over year), operating margin -27.2%, net loss $1.3M, operating cash flow $397K. The chart follows the revenue to costs, profit and cash.
| Q4 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $5.0M | -33% | -33% |
| Operating profit | −$1.3M | -537% | — |
| Net earnings | −$1.3M | -430% | — |
| Operating cash flow | $397K | -71% | -82% |
What changed
Revenue was $5.0M in Q4 2025, down 33% year over year and down 33% from the previous quarter. Industrial was the largest line at 44% of revenue.
Gross margin was 22.2%, down 4.3 points from a year earlier. Operating costs exceeded revenue by $1.3M, an operating margin of -27.2%. Operating expenses grew 27% against a revenue fall of 33%. The quarter ended with a net loss of $1.3M, after a profit of $384K the previous quarter.
Operating cash flow was $397K (down 82% year over year). Non-cash charges added back $166K of depreciation and amortization and $218K of share-based compensation. Working capital and other items added $1.3M. Capital expenditures of −$1K left free cash flow of $398K.
Questions
What was CVD Equipment's revenue in the fourth quarter 2025?
CVD Equipment (CVV) reported revenue of $5.0M for the fourth quarter 2025 (Q4 2025), -33% from a year earlier and -33% from the quarter before.
Was CVD Equipment profitable in the fourth quarter 2025?
Operating loss was $1.3M (-27.2% of revenue) and net loss $1.3M.
Source: CVD Equipment 10-K on SEC EDGAR.