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Lineage (LINE) Q4 2025 earnings results (fourth quarter 2025)

10-K filed Feb 25, 2026

Lineage (LINE) reported revenue of $1.3B for the fourth quarter 2025 (Q4 2025), -0.2% from a year earlier and -3% from the quarter before. Operating margin was 5.0%, net earnings $6.0M (0.4% of revenue).

Revenue$1.3B
Year over year-0.2%
Quarter over quarter-3%
Operating margin5.0%
Net earnings$6.0M

Lineage, Q4 2025: revenue $1.3B (-0.2% year over year), operating margin 5.0%, net earnings $6.0M, operating cash flow $316M. The chart follows the revenue to costs, profit and cash.

Q4 2025AmountQ/QY/Y
Revenue$1.3B-3%-0.2%
Operating profit$67.0M+91%—
Net earnings$6.0M——
Operating cash flow$316M+37%+23%
Free cash flow$78.0M+123%+50%

What changed

Revenue was $1.3B in Q4 2025, roughly flat year over year and down 3% from the previous quarter. Global Warehousing was the largest line at 77% of revenue.

Operating profit was $0.07B, a 5.0% margin (up 6.6 points year over year). Total costs fell 7% while revenue was flat. Net earnings were $0.01B.

Operating cash flow was $0.32B (up 23% year over year), 5267% of net earnings. Non-cash charges added back $0.23B of depreciation and amortization and $0.02B of share-based compensation. Working capital and other items added $0.06B. Capital expenditures of $0.24B left free cash flow of $0.08B.

Questions

What was Lineage's revenue in the fourth quarter 2025?

Lineage (LINE) reported revenue of $1.3B for the fourth quarter 2025 (Q4 2025), -0.2% from a year earlier and -3% from the quarter before.

Was Lineage profitable in the fourth quarter 2025?

Operating profit was $67.0M (5.0% of revenue) and net earnings $6.0M.

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Source: Lineage 10-K on SEC EDGAR.