Filing Flows › DarkHorse Technologies (DRK) › Q4 2025
DarkHorse Technologies (DRK) Q4 2025 earnings results (fourth quarter 2025)
10-K filed Mar 27, 2026
DarkHorse Technologies (DRK) reported revenue of $2.7M for the fourth quarter 2025 (Q4 2025), +3% from a year earlier and +4% from the quarter before. Operating margin was -372.7%, net loss $10.1M (371.5% of revenue).
DarkHorse Technologies, Q4 2025: revenue $2.7M (+3% year over year), operating margin -372.7%, net loss $10.1M, operating cash flow −$2.7M. The chart follows the revenue to costs, profit and cash.
| Q4 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $2.7M | +4% | +3% |
| Operating profit | −$10.1M | — | — |
| Net earnings | −$10.1M | — | — |
| Operating cash flow | −$2.7M | — | — |
What changed
Revenue was $2.7M in Q4 2025, up 3% year over year and up 4% from the previous quarter.
Operating costs exceeded revenue by $10.1M, an operating margin of -372.7%. Total costs grew 14% against revenue growth of 3%. The fastest-growing cost line was Other operating costs (+61%). The quarter ended with a net loss of $10.1M, wider than the previous quarter's $4.2M loss.
Operating cash flow was −$2.7M. Non-cash charges added back $1.9M of depreciation and amortization and $231K of share-based compensation. Working capital and other items added $5.3M. Capital expenditures of $4.0M exceeded it, leaving free cash flow of −$6.7M.
Questions
What was DarkHorse Technologies' revenue in the fourth quarter 2025?
DarkHorse Technologies (DRK) reported revenue of $2.7M for the fourth quarter 2025 (Q4 2025), +3% from a year earlier and +4% from the quarter before.
Was DarkHorse Technologies profitable in the fourth quarter 2025?
Operating loss was $10.1M (-372.7% of revenue) and net loss $10.1M.