Filing Flows › ESG (ESGH) › Q4 2025
ESG (ESGH) Q4 2025 earnings results (fourth quarter 2025)
10-K filed Mar 31, 2026
ESG (ESGH) reported revenue of $2.9M for the fourth quarter 2025 (Q4 2025), -79% from a year earlier and +499% from the quarter before. Operating margin was -37.4%, net loss $1.2M (41.2% of revenue).
ESG, Q4 2025: revenue $2.9M (-79% year over year), operating margin -37.4%, net loss $1.2M, operating cash flow −$153K. The chart follows the revenue to costs, profit and cash.
| Q4 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $2.9M | +499% | -79% |
| Operating profit | −$1.1M | — | -156% |
| Net earnings | −$1.2M | — | -185% |
| Operating cash flow | −$153K | -109% | -126% |
What changed
Revenue was $2.9M in Q4 2025, down 79% year over year and up 499% from the previous quarter.
Gross margin was 9.7%, down 9.1 points from Q4 2024. Operating costs exceeded revenue by $1.1M, an operating margin of -37.4%. Operating expenses grew 86% against a revenue fall of 79%. The fastest-growing cost line was SG&A (+213%). The quarter ended with a net loss of $1.2M, narrower than the previous quarter's $1.7M loss. Minority interests bore $281K of it: to shareholders the quarter was a loss of $930K.
Operating cash flow was −$153K. Non-cash charges added back $463K of depreciation and amortization. Working capital and other items added $594K. Capital expenditures of −$30K exceeded it, leaving free cash flow of −$123K.
Questions
What was ESG's revenue in the fourth quarter 2025?
ESG (ESGH) reported revenue of $2.9M for the fourth quarter 2025 (Q4 2025), -79% from a year earlier and +499% from the quarter before.
Was ESG profitable in the fourth quarter 2025?
Operating loss was $1.1M (-37.4% of revenue) and net loss $1.2M.
Source: ESG 10-K on SEC EDGAR.