Filing Flows › Six Flags Entertainment (FUN) › Q4 2025
Six Flags Entertainment (FUN) Q4 2025 earnings results (fourth quarter 2025)
10-K filed Feb 26, 2026
Six Flags Entertainment (FUN) reported revenue of $650M for the fourth quarter 2025 (Q4 2025), -5% from a year earlier and -51% from the quarter before. Operating margin was -3.8%, net loss $92.4M (14.2% of revenue).
Six Flags Entertainment, Q4 2025: revenue $650M (-5% year over year), operating margin -3.8%, net loss $92.4M, operating cash flow −$37.7M. The chart follows the revenue to costs, profit and cash.
| Q4 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $650M | -51% | -5% |
| Operating profit | −$24.9M | — | — |
| Net earnings | −$92.4M | — | — |
| Operating cash flow | −$37.7M | -111% | — |
What changed
Revenue was $650.1M in Q4 2025, down 5% year over year and down 51% from the previous quarter. Admissions was the largest line at 50% of revenue.
Operating costs exceeded revenue by $24.9M, an operating margin of -3.8%. Total costs grew 6% against a revenue fall of 5%. The fastest-growing cost line was SG&A (+21%). The quarter ended with a net loss of $92.4M, narrower than the previous quarter's $1,162.5M loss. Net interest and other expense of $83.0M was the main reason.
Operating cash flow was −$37.7M. Non-cash charges added back $121.4M of depreciation and amortization and $22.6M of share-based compensation. Working capital and other items used $89.2M. Capital expenditures of $71.6M exceeded it, leaving free cash flow of −$109.3M.
Questions
What was Six Flags Entertainment's revenue in the fourth quarter 2025?
Six Flags Entertainment (FUN) reported revenue of $650M for the fourth quarter 2025 (Q4 2025), -5% from a year earlier and -51% from the quarter before.
Was Six Flags Entertainment profitable in the fourth quarter 2025?
Operating loss was $24.9M (-3.8% of revenue) and net loss $92.4M.