Filing Flows › First National (FXNC) › Q4 2025
First National (FXNC) Q4 2025 earnings results (fourth quarter 2025)
10-K filed Mar 25, 2026
First National (FXNC) reported revenue of $24.0M for the fourth quarter 2025 (Q4 2025), -3% from a year earlier and +5% from the quarter before. Operating margin was 28.8%, net earnings $5.5M (23.0% of revenue).
First National, Q4 2025: revenue $24.0M (-3% year over year), operating margin 28.8%, net earnings $5.5M, operating cash flow $8.4M. The chart follows the revenue to costs, profit and cash.
| Q4 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $24.0M | +5% | -3% |
| Operating profit | $6.9M | +1% | — |
| Net earnings | $5.5M | -0.8% | — |
| Operating cash flow | $8.4M | +0.1% | — |
| Free cash flow | $6.9M | +2% | — |
What changed
Revenue was $24.0M in Q4 2025, down 3% year over year and up 5% from the previous quarter.
Operating profit was $6.9M, a 28.8% margin (up 36.3 points year over year). Total costs fell 36% while revenue fell 3%. Net earnings were $5.5M. The effective tax rate was 20.2%.
Operating cash flow was $8.4M, 153% of net earnings. Non-cash charges added back $709K of depreciation and amortization and $152K of share-based compensation. Working capital and other items added $2.1M. Capital expenditures of $1.5M left free cash flow of $6.9M.
Questions
What was First National's revenue in the fourth quarter 2025?
First National (FXNC) reported revenue of $24.0M for the fourth quarter 2025 (Q4 2025), -3% from a year earlier and +5% from the quarter before.
Was First National profitable in the fourth quarter 2025?
Operating profit was $6.9M (28.8% of revenue) and net earnings $5.5M.
Source: First National 10-K on SEC EDGAR.