Filing Flows › Five9 (FIVN) › Q4 2025
Five9 (FIVN) Q4 2025 earnings results (fourth quarter 2025)
10-K filed Feb 20, 2026
Five9 (FIVN) reported revenue of $300M for the fourth quarter 2025 (Q4 2025), +8% from a year earlier and +5% from the quarter before. Operating margin was 6.6%, net earnings $19.7M (6.6% of revenue).
Five9, Q4 2025: revenue $300M (+8% year over year), operating margin 6.6%, net earnings $19.7M, operating cash flow $83.6M. The chart follows the revenue to costs, profit and cash.
| Q4 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $300M | +5% | +8% |
| Gross profit | $166M | +6% | +7% |
| Operating profit | $19.8M | +23% | +374% |
| Net earnings | $19.7M | +10% | +70% |
| Operating cash flow | $83.6M | +41% | +68% |
| Free cash flow | $77.3M | +59% | +91% |
What changed
Revenue was $300.3M in Q4 2025, up 8% year over year and up 5% from the previous quarter.
Gross margin was 55.4%, down 0.6 points from a year earlier. Operating profit was $19.8M, a 6.6% margin (up 5.1 points year over year). Of the extra revenue versus a year earlier, 72% reached operating profit, above the 2% margin then. Operating expenses fell 3% while revenue rose 8%. Net earnings were $19.7M, up 70% year over year. The effective tax rate was 14.4%.
Operating cash flow was $83.6M (up 68% year over year), 424% of net earnings. Non-cash charges added back $16.9M of depreciation and amortization and $33.6M of share-based compensation. Working capital and other items added $13.4M. Capital expenditures of $6.2M left free cash flow of $77.3M.
Questions
What was Five9's revenue in the fourth quarter 2025?
Five9 (FIVN) reported revenue of $300M for the fourth quarter 2025 (Q4 2025), +8% from a year earlier and +5% from the quarter before.
Was Five9 profitable in the fourth quarter 2025?
Operating profit was $19.8M (6.6% of revenue) and net earnings $19.7M.
Source: Five9 10-K on SEC EDGAR.