Filing Flows › Eastman Kodak (KODK) › Q4 2025
Eastman Kodak (KODK) Q4 2025 earnings results (fourth quarter 2025)
10-K filed Mar 12, 2026
Eastman Kodak (KODK) reported revenue of $290M for the fourth quarter 2025 (Q4 2025), +9% from a year earlier and +8% from the quarter before. Operating margin was -0.3%, net loss $108M (37.2% of revenue).
Eastman Kodak, Q4 2025: revenue $290M (+9% year over year), operating margin -0.3%, net loss $108M, operating cash flow $489M. The chart follows the revenue to costs, profit and cash.
| Q4 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $290M | +8% | +9% |
| Operating profit | −$1.0M | -105% | — |
| Net earnings | −$108M | -931% | — |
| Operating cash flow | $489M | 23× | 122× |
| Free cash flow | $483M | 28× | — |
What changed
Revenue was $290.0M in Q4 2025, up 9% year over year and up 8% from the previous quarter. Print was the largest line at 67% of revenue.
Gross margin was 23.1%, up 3.9 points from a year earlier. Operating costs exceeded revenue by $1.0M, an operating margin of -0.3%. Operating expenses grew 15% against revenue growth of 9%. The fastest-growing cost line was Other operating costs (+62%). The quarter ended with a net loss of $108.0M, after a profit of $13.0M the previous quarter. Net interest and other expense of $98.0M was the main reason.
Operating cash flow was $489.0M (up 12125% year over year). Non-cash charges added back $8.0M of depreciation and amortization and $1.0M of share-based compensation. Working capital and other items added $588.0M. Capital expenditures of $6.0M left free cash flow of $483.0M.
Questions
What was Eastman Kodak's revenue in the fourth quarter 2025?
Eastman Kodak (KODK) reported revenue of $290M for the fourth quarter 2025 (Q4 2025), +9% from a year earlier and +8% from the quarter before.
Was Eastman Kodak profitable in the fourth quarter 2025?
Operating loss was $1.0M (-0.3% of revenue) and net loss $108M.
Source: Eastman Kodak 10-K on SEC EDGAR.