Filing Flows › Liberty Energy (LBRT) › Q4 2025
Liberty Energy (LBRT) Q4 2025 earnings results (fourth quarter 2025)
10-K filed Feb 2, 2026
Liberty Energy (LBRT) reported revenue of $1.0B for the fourth quarter 2025 (Q4 2025), +10% from a year earlier and +10% from the quarter before. Operating margin was 1.9%, net earnings $13.7M (1.3% of revenue).
Liberty Energy, Q4 2025: revenue $1.0B (+10% year over year), operating margin 1.9%, net earnings $13.7M, operating cash flow $195M. The chart follows the revenue to costs, profit and cash.
| Q4 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $1.0B | +10% | +10% |
| Operating profit | $19.9M | — | -20% |
| Net earnings | $13.7M | -68% | -74% |
| Operating cash flow | $195M | +280% | +10% |
What changed
Revenue was $1.0B in Q4 2025, up 10% year over year and up 10% from the previous quarter.
Operating profit was $0.02B, a 1.9% margin (down 0.7 points year over year). Operating profit fell $0.01B even though revenue rose $0.10B versus a year earlier, so costs grew faster than sales. Total costs grew 11% against revenue growth of 10%. The fastest-growing cost line was General & admin (+16%). Net earnings were $0.01B, down 74% year over year. The effective tax rate was 19.9%.
Operating cash flow was $0.20B (up 10% year over year), 1428% of net earnings. Non-cash charges added back $0.12B of depreciation and amortization and $0.01B of share-based compensation. Working capital and other items added $0.05B. Capital expenditures of $0.21B exceeded it, leaving free cash flow of −$0.01B.
Questions
What was Liberty Energy's revenue in the fourth quarter 2025?
Liberty Energy (LBRT) reported revenue of $1.0B for the fourth quarter 2025 (Q4 2025), +10% from a year earlier and +10% from the quarter before.
Was Liberty Energy profitable in the fourth quarter 2025?
Operating profit was $19.9M (1.9% of revenue) and net earnings $13.7M.
Source: Liberty Energy 10-K on SEC EDGAR.