Filing Flows › electroCore (ECOR) › Q4 2025
electroCore (ECOR) Q4 2025 earnings results (fourth quarter 2025)
10-K filed Mar 19, 2026
electroCore (ECOR) reported revenue of $9.2M for the fourth quarter 2025 (Q4 2025), +31% from a year earlier and +6% from the quarter before. Operating margin was -31.8%, net loss $3.0M (32.8% of revenue).
electroCore, Q4 2025: revenue $9.2M (+31% year over year), operating margin -31.8%, net loss $3.0M, operating cash flow −$1.5M. The chart follows the revenue to costs, profit and cash.
| Q4 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $9.2M | +6% | +31% |
| Operating profit | −$2.9M | — | — |
| Net earnings | −$3.0M | — | — |
| Operating cash flow | −$1.5M | — | — |
What changed
Revenue was $9.2M in Q4 2025, up 31% year over year and up 6% from the previous quarter.
Gross margin was 88.4%, up 2.5 points from a year earlier. Operating costs exceeded revenue by $2.9M, an operating margin of -31.8%. Operating expenses grew 22% against revenue growth of 31%. The fastest-growing cost line was SG&A (+23%). The quarter ended with a net loss of $3.0M, narrower than the previous quarter's $3.4M loss.
Operating cash flow was −$1.5M. Non-cash charges added back $107K of depreciation and amortization and $470K of share-based compensation. Working capital and other items added $918K.
Questions
What was electroCore's revenue in the fourth quarter 2025?
electroCore (ECOR) reported revenue of $9.2M for the fourth quarter 2025 (Q4 2025), +31% from a year earlier and +6% from the quarter before.
Was electroCore profitable in the fourth quarter 2025?
Operating loss was $2.9M (-31.8% of revenue) and net loss $3.0M.
Source: electroCore 10-K on SEC EDGAR.