Filing Flows › Gulf Resources (GURE) › Q4 2025
Gulf Resources (GURE) Q4 2025 earnings results (fourth quarter 2025)
10-K filed Aug 17, 2026
Gulf Resources (GURE) reported revenue of $6.4M for the fourth quarter 2025 (Q4 2025), +272% from a year earlier and -29% from the quarter before. Operating margin was -44.7%, net loss $2.9M (44.4% of revenue).
Gulf Resources, Q4 2025: revenue $6.4M (+272% year over year), operating margin -44.7%, net loss $2.9M, operating cash flow $3.2M. The chart follows the revenue to costs, profit and cash.
| Q4 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $6.4M | -29% | +272% |
| Operating profit | −$2.9M | — | — |
| Net earnings | −$2.9M | — | — |
| Operating cash flow | $3.2M | -52% | +233% |
| Free cash flow | $3.1M | — | -91% |
What changed
Revenue was $6.4M in Q4 2025, up 272% year over year and down 29% from the previous quarter.
Operating costs exceeded revenue by $2.9M, an operating margin of -44.7%. Total costs grew 4% against revenue growth of 272%. The fastest-growing cost line was Other operating costs (+34%). The quarter ended with a net loss of $2.9M, narrower than the previous quarter's $35.7M loss.
Operating cash flow was $3.2M (up 233% year over year). Non-cash charges added back $4.5M of depreciation and amortization and $735K of share-based compensation. Working capital and other items added $833K. Capital expenditures of $175K left free cash flow of $3.1M.
Questions
What was Gulf Resources' revenue in the fourth quarter 2025?
Gulf Resources (GURE) reported revenue of $6.4M for the fourth quarter 2025 (Q4 2025), +272% from a year earlier and -29% from the quarter before.
Was Gulf Resources profitable in the fourth quarter 2025?
Operating loss was $2.9M (-44.7% of revenue) and net loss $2.9M.
Source: Gulf Resources 10-K on SEC EDGAR.