Filing Flows › Marchex (MCHX) › Q4 2025
Marchex (MCHX) Q4 2025 earnings results (fourth quarter 2025)
10-K filed Mar 26, 2026
Marchex (MCHX) reported revenue of $10.8M for the fourth quarter 2025 (Q4 2025), -9% from a year earlier and -6% from the quarter before. Operating margin was -21.9%, net loss $2.3M (21.4% of revenue).
Marchex, Q4 2025: revenue $10.8M (-9% year over year), operating margin -21.9%, net loss $2.3M, operating cash flow $121K. The chart follows the revenue to costs, profit and cash.
| Q4 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $10.8M | -6% | -9% |
| Operating profit | −$2.4M | — | — |
| Net earnings | −$2.3M | — | — |
| Operating cash flow | $121K | -58% | -86% |
| Free cash flow | $116K | -60% | -85% |
What changed
Revenue was $10.8M in Q4 2025, down 9% year over year and down 6% from the previous quarter.
Operating costs exceeded revenue by $2.4M, an operating margin of -21.9%. Total costs fell 2% while revenue fell 9%. The fastest-growing cost line was Other operating costs (+800%). The quarter ended with a net loss of $2.3M, wider than the previous quarter's $1.0M loss.
Operating cash flow was $121K (down 86% year over year). Non-cash charges added back $325K of depreciation and amortization and $456K of share-based compensation. Working capital and other items added $1.7M. Capital expenditures of $5K left free cash flow of $116K.
Questions
What was Marchex's revenue in the fourth quarter 2025?
Marchex (MCHX) reported revenue of $10.8M for the fourth quarter 2025 (Q4 2025), -9% from a year earlier and -6% from the quarter before.
Was Marchex profitable in the fourth quarter 2025?
Operating loss was $2.4M (-21.9% of revenue) and net loss $2.3M.
Source: Marchex 10-K on SEC EDGAR.