Filing Flows › Mayville Engineering Company (MEC) › Q4 2025
Mayville Engineering Company (MEC) Q4 2025 earnings results (fourth quarter 2025)
10-K filed Mar 4, 2026
Mayville Engineering Company (MEC) reported revenue of $134M for the fourth quarter 2025 (Q4 2025), +11% from a year earlier and -7% from the quarter before. Operating margin was -4.1%, net loss $4.4M (3.2% of revenue).
Mayville Engineering Company, Q4 2025: revenue $134M (+11% year over year), operating margin -4.1%, net loss $4.4M, operating cash flow $13.4M. The chart follows the revenue to costs, profit and cash.
| Q4 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $134M | -7% | +11% |
| Operating profit | −$5.5M | -11654% | — |
| Net earnings | −$4.4M | — | — |
| Operating cash flow | $13.4M | +614% | -65% |
| Free cash flow | $10.2M | — | -71% |
What changed
Revenue was $134.3M in Q4 2025, up 11% year over year and down 7% from the previous quarter.
Operating costs exceeded revenue by $5.5M, an operating margin of -4.1%. Total costs grew 42% against revenue growth of 11%. The quarter ended with a net loss of $4.4M, wider than the previous quarter's $2.7M loss. Net interest and other expense of $3.8M was the main reason.
Operating cash flow was $13.4M (down 65% year over year). Non-cash charges added back $11.1M of depreciation and amortization and $325K of share-based compensation. Working capital and other items added $6.3M. After capital expenditures ($3.2M), free cash flow as the company reports it was $10.2M.
Questions
What was Mayville Engineering Company's revenue in the fourth quarter 2025?
Mayville Engineering Company (MEC) reported revenue of $134M for the fourth quarter 2025 (Q4 2025), +11% from a year earlier and -7% from the quarter before.
Was Mayville Engineering Company profitable in the fourth quarter 2025?
Operating loss was $5.5M (-4.1% of revenue) and net loss $4.4M.