Filing Flows › Mirion Technologies (MIR) › Q4 2025
Mirion Technologies (MIR) Q4 2025 earnings results (fourth quarter 2025)
10-K filed Feb 19, 2026
Mirion Technologies (MIR) reported revenue of $277M for the fourth quarter 2025 (Q4 2025), +9% from a year earlier and +24% from the quarter before. Operating margin was 9.2%, net earnings $17.3M (6.2% of revenue).
Mirion Technologies, Q4 2025: revenue $277M (+9% year over year), operating margin 9.2%, net earnings $17.3M, operating cash flow $73.0M. The chart follows the revenue to costs, profit and cash.
| Q4 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $277M | +24% | +9% |
| Gross profit | $136M | +30% | +11% |
| Operating profit | $25.5M | +245% | -12% |
| Net earnings | $17.3M | +497% | +15% |
| Operating cash flow | $73.0M | +227% | +20% |
| Free cash flow | $63.2M | +386% | +29% |
What changed
Revenue was $277.4M in Q4 2025, up 9% year over year and up 24% from the previous quarter. Product was the largest line at 77% of revenue.
Gross margin was 48.8%, up 0.8 points from a year earlier. Operating profit was $25.5M, a 9.2% margin (down 2.2 points year over year). Operating profit fell $3.5M even though revenue rose $23.1M versus a year earlier, so costs grew faster than sales. Operating expenses grew 18% against revenue growth of 9%. The fastest-growing cost line was Research & development (+25%). Net earnings were $17.3M, up 15% year over year. The effective tax rate was 22.9%.
Operating cash flow was $73.0M (up 20% year over year), 410% of net income including minority interests. Non-cash charges added back $35.7M of depreciation and amortization and $4.0M of share-based compensation. Working capital and other items added $15.5M. Capital expenditures of $9.8M left free cash flow of $63.2M.
Questions
What was Mirion Technologies' revenue in the fourth quarter 2025?
Mirion Technologies (MIR) reported revenue of $277M for the fourth quarter 2025 (Q4 2025), +9% from a year earlier and +24% from the quarter before.
Was Mirion Technologies profitable in the fourth quarter 2025?
Operating profit was $25.5M (9.2% of revenue) and net earnings $17.3M.