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Fdctech (FDCT) Q4 2025 earnings results (fourth quarter 2025)

10-K filed Apr 17, 2026

Fdctech (FDCT) reported revenue of $17.7M for the fourth quarter 2025 (Q4 2025), +102% from a year earlier and +201% from the quarter before. Operating margin was 29.3%, net earnings $5.3M (29.9% of revenue).

Revenue$17.7M
Year over year+102%
Quarter over quarter+201%
Operating margin29.3%
Net earnings$5.3M

Fdctech, Q4 2025: revenue $17.7M (+102% year over year), operating margin 29.3%, net earnings $5.3M, operating cash flow −$37.3M. The chart follows the revenue to costs, profit and cash.

Q4 2025AmountQ/QY/Y
Revenue$17.7M+201%+102%
Gross profit$9.7M+130%+103%
Operating profit$5.2M+712%+738%
Net earnings$5.3M+707%+701%
Operating cash flow−$37.3M——

What changed

Revenue was $17.7M in Q4 2025, up 102% year over year and up 201% from the previous quarter.

Gross margin was 55.1%, up 0.2 points from Q4 2024. Operating profit was $5.2M, a 29.3% margin (up 22.3 points year over year). Of the extra revenue versus Q4 2024, 51% reached operating profit, above the 7% margin then. Operating expenses grew 9% against revenue growth of 102%. The fastest-growing cost line was Sales & marketing (+76%). Net earnings were $5.3M, up 701% year over year ($5.2M including minority interests, which bore $82K of losses). The effective tax rate was 0.0%.

Operating cash flow was −$37.3M. Non-cash charges added back $52K of depreciation. Working capital and other items used $42.5M.

Questions

What was Fdctech's revenue in the fourth quarter 2025?

Fdctech (FDCT) reported revenue of $17.7M for the fourth quarter 2025 (Q4 2025), +102% from a year earlier and +201% from the quarter before.

Was Fdctech profitable in the fourth quarter 2025?

Operating profit was $5.2M (29.3% of revenue) and net earnings $5.3M.

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Source: Fdctech 10-K on SEC EDGAR.