Filing Flows › Spectral Capital (FCCN) › Q4 2025
Spectral Capital (FCCN) Q4 2025 earnings results (fourth quarter 2025)
10-K filed Mar 31, 2026
Spectral Capital (FCCN) reported revenue of $18.7M for the fourth quarter 2025 (Q4 2025) and +496% from the quarter before. Operating margin was -4.3%, net earnings $3.2M (16.9% of revenue).
Spectral Capital, Q4 2025: revenue $18.7M, operating margin -4.3%, net earnings $3.2M, operating cash flow −$984K. The chart follows the revenue to costs, profit and cash.
| Q4 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $18.7M | +496% | — |
| Operating profit | −$809K | — | — |
| Net earnings | $3.2M | — | — |
| Operating cash flow | −$984K | — | — |
What changed
Revenue was $18.7M in Q4 2025, up 496% from the previous quarter.
Gross margin was 11.6%. Operating costs exceeded revenue by $809K, an operating margin of -4.3%. Net earnings were $3.0M.
Operating cash flow was −$1.0M. Non-cash charges added back $18K of depreciation and amortization and $220K of share-based compensation. Working capital and other items used $4.4M. Capital expenditures of $1K exceeded it, leaving free cash flow of −$1.0M.
Questions
What was Spectral Capital's revenue in the fourth quarter 2025?
Spectral Capital (FCCN) reported revenue of $18.7M for the fourth quarter 2025 (Q4 2025) and +496% from the quarter before.
Was Spectral Capital profitable in the fourth quarter 2025?
Operating loss was $809K (-4.3% of revenue) and net earnings $3.2M.
Source: Spectral Capital 10-K on SEC EDGAR.