Filing Flows › First Capital (FCAP) › Q4 2025
First Capital (FCAP) Q4 2025 earnings results (fourth quarter 2025)
10-K filed Mar 31, 2026
First Capital (FCAP) reported revenue of $13.5M for the fourth quarter 2025 (Q4 2025), +19% from a year earlier and +2% from the quarter before. Operating margin was 43.1%, net earnings $4.9M (36.2% of revenue).
First Capital, Q4 2025: revenue $13.5M (+19% year over year), operating margin 43.1%, net earnings $4.9M, operating cash flow $5.2M. The chart follows the revenue to costs, profit and cash.
| Q4 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $13.5M | +2% | +19% |
| Operating profit | $5.8M | +5% | +47% |
| Net earnings | $4.9M | +9% | +50% |
| Operating cash flow | $5.2M | -34% | +29% |
| Free cash flow | $4.5M | -42% | +21% |
What changed
Revenue was $13.5M in Q4 2025, up 19% year over year and up 2% from the previous quarter.
Operating profit was $5.8M, a 43.1% margin (up 8.3 points year over year). Of the extra revenue versus Q4 2024, 87% reached operating profit, above the 35% margin then. Total costs grew 4% against revenue growth of 19%. Net earnings were $4.9M, up 50% year over year. The effective tax rate was 16.1%.
Operating cash flow was $5.2M (up 29% year over year), 107% of net earnings. Non-cash charges added back $258K of depreciation and amortization and $14K of share-based compensation. Capital expenditures of $698K left free cash flow of $4.5M.
Questions
What was First Capital's revenue in the fourth quarter 2025?
First Capital (FCAP) reported revenue of $13.5M for the fourth quarter 2025 (Q4 2025), +19% from a year earlier and +2% from the quarter before.
Was First Capital profitable in the fourth quarter 2025?
Operating profit was $5.8M (43.1% of revenue) and net earnings $4.9M.
Source: First Capital 10-K on SEC EDGAR.