Filing Flows › Enovis (ENOV) › Q4 2025
Enovis (ENOV) Q4 2025 earnings results (fourth quarter 2025)
10-K filed Feb 26, 2026
Enovis (ENOV) reported revenue of $576M for the fourth quarter 2025 (Q4 2025), +3% from a year earlier and +5% from the quarter before. Operating margin was -87.2%, net loss $520M (90.4% of revenue).
Enovis, Q4 2025: revenue $576M (+3% year over year), operating margin -87.2%, net loss $520M, operating cash flow $88.5M. The chart follows the revenue to costs, profit and cash.
| Q4 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $576M | +5% | +3% |
| Operating profit | −$502M | — | — |
| Net earnings | −$520M | — | — |
| Operating cash flow | $88.5M | +7% | +0.2% |
| Free cash flow | $32.3M | +11% | -8% |
What changed
Revenue was $575.8M in Q4 2025, up 3% year over year and up 5% from the previous quarter. Reconstructive: was the largest line at 51% of revenue.
Gross margin was 60.7%, up 5.9 points from a year earlier. Operating costs exceeded revenue by $502.2M, an operating margin of -87.2%. Operating expenses fell 12% while revenue rose 3%. The fastest-growing cost line was Research & development (+31%). The quarter ended with a net loss of $520.5M, narrower than the previous quarter's $570.9M loss.
Operating cash flow was $88.5M (roughly flat year over year). Non-cash charges added back $1,126.8M of depreciation and amortization and $8.1M of share-based compensation. Working capital and other items used $525.9M. Capital expenditures of $56.3M left free cash flow of $32.3M.
Questions
What was Enovis' revenue in the fourth quarter 2025?
Enovis (ENOV) reported revenue of $576M for the fourth quarter 2025 (Q4 2025), +3% from a year earlier and +5% from the quarter before.
Was Enovis profitable in the fourth quarter 2025?
Operating loss was $502M (-87.2% of revenue) and net loss $520M.
Source: Enovis 10-K on SEC EDGAR.