Filing Flows › Firy (FIRY) › Q4 2025
Firy (FIRY) Q4 2025 earnings results (fourth quarter 2025)
10-K filed Mar 31, 2026
Firy (FIRY) reported revenue of $30.0M for the fourth quarter 2025 (Q4 2025), +69% from a year earlier and +10% from the quarter before. Operating margin was -53.9%, net loss $17.9M (59.7% of revenue).
Firy, Q4 2025: revenue $30.0M (+69% year over year), operating margin -53.9%, net loss $17.9M, operating cash flow −$12.7M. The chart follows the revenue to costs, profit and cash.
| Q4 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $30.0M | +10% | +69% |
| Operating profit | −$16.2M | — | — |
| Net earnings | −$17.9M | — | — |
| Operating cash flow | −$12.7M | — | — |
What changed
Revenue was $30.0M in Q4 2025, up 69% year over year and up 10% from the previous quarter.
Operating costs exceeded revenue by $16.2M, an operating margin of -53.9%. Total costs grew 10% against revenue growth of 69%. The fastest-growing cost line was Research & development (+78%). The quarter ended with a net loss of $17.9M, wider than the previous quarter's $17.4M loss.
Operating cash flow was −$12.7M. Non-cash charges added back $796K of depreciation and amortization and $5.4M of share-based compensation. Working capital and other items used $1.0M. Capital expenditures of $1.4M exceeded it, leaving free cash flow of −$14.1M.
Questions
What was Firy's revenue in the fourth quarter 2025?
Firy (FIRY) reported revenue of $30.0M for the fourth quarter 2025 (Q4 2025), +69% from a year earlier and +10% from the quarter before.
Was Firy profitable in the fourth quarter 2025?
Operating loss was $16.2M (-53.9% of revenue) and net loss $17.9M.
Source: Firy 10-K on SEC EDGAR.