Filing Flows › Firy (FIRY) › Q4 2024
Firy (FIRY) Q4 2024 earnings results (fourth quarter 2024)
10-K filed Nov 6, 2025
Firy (FIRY) reported revenue of $17.8M for the fourth quarter 2024 (Q4 2024), -43% from a year earlier and -28% from the quarter before. Operating margin was -136.4%, net loss $25.0M (140.7% of revenue).
Firy, Q4 2024: revenue $17.8M (-43% year over year), operating margin -136.4%, net loss $25.0M, operating cash flow −$19.5M. The chart follows the revenue to costs, profit and cash.
| Q4 2024 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $17.8M | -28% | -43% |
| Operating profit | −$24.2M | — | — |
| Net earnings | −$25.0M | — | — |
| Operating cash flow | −$19.5M | — | — |
What changed
Revenue was $17.8M in Q4 2024, down 43% year over year and down 28% from the previous quarter. Entry Fee Revenue was the largest line at 88% of revenue.
Operating costs exceeded revenue by $24.2M, an operating margin of -136.4%. Total costs fell 19% while revenue fell 43%. The fastest-growing cost line was General & admin (+10%). The quarter ended with a net loss of $25.0M, wider than the previous quarter's $21.1M loss.
Operating cash flow was −$19.5M. Non-cash charges added back $477K of depreciation and amortization and $7.1M of share-based compensation. Working capital and other items used $2.1M. Capital expenditures of $1.2M exceeded it, leaving free cash flow of −$20.7M.
Questions
What was Firy's revenue in the fourth quarter 2024?
Firy (FIRY) reported revenue of $17.8M for the fourth quarter 2024 (Q4 2024), -43% from a year earlier and -28% from the quarter before.
Was Firy profitable in the fourth quarter 2024?
Operating loss was $24.2M (-136.4% of revenue) and net loss $25.0M.
Source: Firy 10-K on SEC EDGAR.