Filing Flows › Grocery Outlet Holding (GO) › Q4 2025
Grocery Outlet Holding (GO) Q4 2025 earnings results (fourth quarter 2025)
10-K filed Mar 4, 2026
Grocery Outlet Holding (GO) reported revenue of $1.2B for the fourth quarter 2025 (Q4 2025), +11% from a year earlier and +4% from the quarter before. Operating margin was -19.3%, net loss $218M (18.0% of revenue).
Grocery Outlet Holding, Q4 2025: revenue $1.2B (+11% year over year), operating margin -19.3%, net loss $218M, operating cash flow $72.3M. The chart follows the revenue to costs, profit and cash.
| Q4 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $1.2B | +4% | +11% |
| Operating profit | −$235M | -1129% | -2164% |
| Net earnings | −$218M | -1980% | -9540% |
| Operating cash flow | $72.3M | +318% | +83% |
| Free cash flow | $32.5M | — | — |
What changed
Revenue was $1.2B in Q4 2025, up 11% year over year and up 4% from the previous quarter. Non-Perishable was the largest line at 64% of revenue.
Gross margin was 29.7%, up 0.2 points from Q4 2024. Operating costs exceeded revenue by $0.23B, an operating margin of -19.3%. Operating expenses grew 91% against revenue growth of 11%. The fastest-growing cost line was Other operating costs (+1551%). The quarter ended with a net loss of $0.22B, after a profit of $0.01B the previous quarter.
Operating cash flow was $0.07B (up 83% year over year). Non-cash charges added back $0.03B of depreciation and $3.1M of share-based compensation. Working capital and other items added $0.26B. Capital expenditures of $0.04B left free cash flow of $0.03B.
Questions
What was Grocery Outlet Holding's revenue in the fourth quarter 2025?
Grocery Outlet Holding (GO) reported revenue of $1.2B for the fourth quarter 2025 (Q4 2025), +11% from a year earlier and +4% from the quarter before.
Was Grocery Outlet Holding profitable in the fourth quarter 2025?
Operating loss was $235M (-19.3% of revenue) and net loss $218M.