Filing Flows › HCI Group (HCI) › Q4 2025
HCI Group (HCI) Q4 2025 earnings results (fourth quarter 2025)
10-K filed Feb 26, 2026
HCI Group (HCI) reported revenue of $246M for the fourth quarter 2025 (Q4 2025), +52% from a year earlier and +14% from the quarter before. Operating margin was 58.5%, net earnings $97.7M (39.7% of revenue).
HCI Group, Q4 2025: revenue $246M (+52% year over year), operating margin 58.5%, net earnings $97.7M, operating cash flow $111M. The chart follows the revenue to costs, profit and cash.
| Q4 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $246M | +14% | +52% |
| Operating profit | $144M | +59% | 24× |
| Net earnings | $97.7M | +49% | 38× |
| Operating cash flow | $111M | +315% | +48% |
| Free cash flow | $110M | +326% | +50% |
What changed
Revenue was $246.2M in Q4 2025, up 52% year over year and up 14% from the previous quarter.
Operating profit was $144.0M, a 58.5% margin (up 54.8 points year over year). Of the extra revenue versus a year earlier, 164% reached operating profit, above the 4% margin then. Total costs fell 34% while revenue rose 52%. Net earnings were $97.7M, up 3679% year over year. The effective tax rate was 25.0%.
Operating cash flow was $110.8M (up 48% year over year), 103% of net income including minority interests. Non-cash charges added back $2.3M of depreciation and amortization and $2.6M of share-based compensation. Capital expenditures of $585K left free cash flow of $110.2M.
Questions
What was HCI Group's revenue in the fourth quarter 2025?
HCI Group (HCI) reported revenue of $246M for the fourth quarter 2025 (Q4 2025), +52% from a year earlier and +14% from the quarter before.
Was HCI Group profitable in the fourth quarter 2025?
Operating profit was $144M (58.5% of revenue) and net earnings $97.7M.
Source: HCI Group 10-K on SEC EDGAR.