Filing Flows › Kestrel Group (KG) › Q4 2025
Kestrel Group (KG) Q4 2025 earnings results (fourth quarter 2025)
10-K filed Mar 13, 2026
Kestrel Group (KG) reported revenue of $10.2M for the fourth quarter 2025 (Q4 2025), +737% from a year earlier and -41% from the quarter before. Operating margin was -174.3%, net loss $17.8M (173.9% of revenue).
Kestrel Group, Q4 2025: revenue $10.2M (+737% year over year), operating margin -174.3%, net loss $17.8M, operating cash flow −$65.7M. The chart follows the revenue to costs, profit and cash.
| Q4 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $10.2M | -41% | +737% |
| Operating profit | −$17.8M | — | — |
| Net earnings | −$17.8M | — | — |
| Operating cash flow | −$65.7M | — | — |
What changed
Revenue was $10.2M in Q4 2025, up 737% year over year and down 41% from the previous quarter.
Operating costs exceeded revenue by $17.8M, an operating margin of -174.3%. Total costs grew 2382% against revenue growth of 737%. The quarter ended with a net loss of $17.8M, wider than the previous quarter's $5.1M loss.
Operating cash flow was −$65.7M. Non-cash charges added back $299K of depreciation and amortization. Working capital and other items used $48.2M.
Questions
What was Kestrel Group's revenue in the fourth quarter 2025?
Kestrel Group (KG) reported revenue of $10.2M for the fourth quarter 2025 (Q4 2025), +737% from a year earlier and -41% from the quarter before.
Was Kestrel Group profitable in the fourth quarter 2025?
Operating loss was $17.8M (-174.3% of revenue) and net loss $17.8M.
Source: Kestrel Group 10-K on SEC EDGAR.