Filing Flows › Marcus (MCS) › Q4 2025
Marcus (MCS) Q4 2025 earnings results (fourth quarter 2025)
10-K filed Feb 27, 2026
Marcus (MCS) reported revenue of $193M for the fourth quarter 2025 (Q4 2025), +3% from a year earlier and -8% from the quarter before. Operating margin was 0.9%, net earnings $6.0M (3.1% of revenue).
Marcus, Q4 2025: revenue $193M (+3% year over year), operating margin 0.9%, net earnings $6.0M, operating cash flow $48.8M. The chart follows the revenue to costs, profit and cash.
| Q4 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $193M | -8% | +3% |
| Operating profit | $1.7M | -92% | — |
| Net earnings | $6.0M | -63% | — |
| Operating cash flow | $48.8M | +25% | -7% |
| Free cash flow | $26.4M | +45% | -3% |
What changed
Revenue was $193.5M in Q4 2025, up 3% year over year and down 8% from the previous quarter.
Operating profit was $1.7M, a 0.9% margin (up 2.1 points year over year). Total costs grew 1% against revenue growth of 3%. The fastest-growing cost line was Sales & marketing (+15%). Net earnings were $6.0M, up 504% year over year.
Operating cash flow was $48.8M (down 7% year over year), 819% of net earnings. Non-cash charges added back $17.9M of depreciation and amortization and $1.3M of share-based compensation. Working capital and other items added $23.6M. Capital expenditures of $22.4M left free cash flow of $26.4M.
Questions
What was Marcus' revenue in the fourth quarter 2025?
Marcus (MCS) reported revenue of $193M for the fourth quarter 2025 (Q4 2025), +3% from a year earlier and -8% from the quarter before.
Was Marcus profitable in the fourth quarter 2025?
Operating profit was $1.7M (0.9% of revenue) and net earnings $6.0M.
Source: Marcus 10-K on SEC EDGAR.