Filing Flows › Graftech International (EAF) › Q4 2025
Graftech International (EAF) Q4 2025 earnings results (fourth quarter 2025)
10-K filed Feb 13, 2026
Graftech International (EAF) reported revenue of $116M for the fourth quarter 2025 (Q4 2025), -13% from a year earlier and -19% from the quarter before. Operating margin was -33.6%, net loss $65.1M (55.9% of revenue).
Graftech International, Q4 2025: revenue $116M (-13% year over year), operating margin -33.6%, net loss $65.1M, operating cash flow −$20.9M. The chart follows the revenue to costs, profit and cash.
| Q4 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $116M | -19% | -13% |
| Operating profit | −$39.2M | — | — |
| Net earnings | −$65.1M | — | — |
| Operating cash flow | −$20.9M | -185% | — |
What changed
Revenue was $116.5M in Q4 2025, down 13% year over year and down 19% from the previous quarter. Graphite Electrodes was the largest line at 92% of revenue.
Operating costs exceeded revenue by $39.2M, an operating margin of -33.6%. Total costs fell 2% while revenue fell 13%. The fastest-growing cost line was Research & development (+16%). The quarter ended with a net loss of $65.1M, wider than the previous quarter's $28.5M loss.
Operating cash flow was −$20.9M. Non-cash charges added back $15.8M of depreciation and amortization and $1.5M of share-based compensation. Working capital and other items added $26.9M. Capital expenditures of $18.4M exceeded it, leaving free cash flow of −$39.3M.
Questions
What was Graftech International's revenue in the fourth quarter 2025?
Graftech International (EAF) reported revenue of $116M for the fourth quarter 2025 (Q4 2025), -13% from a year earlier and -19% from the quarter before.
Was Graftech International profitable in the fourth quarter 2025?
Operating loss was $39.2M (-33.6% of revenue) and net loss $65.1M.