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Mesa Laboratories (MLAB) Q4 FY25 earnings results (fourth quarter fiscal 2025)

10-K filed May 28, 2025

Mesa Laboratories (MLAB) reported revenue of $62.1M for the fourth quarter fiscal 2025 (Q4 FY25), +5% from a year earlier and -1% from the quarter before. Operating margin was 2.4%, net loss $7.1M (11.4% of revenue).

Revenue$62.1M
Year over year+5%
Quarter over quarter-1%
Operating margin2.4%
Net earnings−$7.1M

Mesa Laboratories, Q4 FY25: revenue $62.1M (+6% year over year), operating margin 2.4%, net loss $7.1M, operating cash flow $12.7M. The chart follows the revenue to costs, profit and cash.

Q4 FY25AmountQ/QY/Y
Revenue$62.1M-1%+5%
Operating profit$1.5M-75%—
Net earnings−$7.1M——
Operating cash flow$12.7M-30%-2%
Free cash flow$11.9M-31%-4%

What changed

Revenue was $62.1M in Q4 FY25, up 5% year over year and down 1% from the previous quarter.

Gross margin was 61.8%, down 0.2 points from a year earlier. Operating profit was $1.5M, a 2.4% margin (up 462.9 points year over year). Operating expenses fell 88% while revenue rose 5%. The fastest-growing cost line was General & admin (+15%). The quarter ended with a net loss of $7.1M, wider than the previous quarter's $1.7M loss.

Operating cash flow was $12.7M (down 2% year over year). Non-cash charges added back $7.5M of depreciation and amortization and $3.1M of share-based compensation. Working capital and other items added $9.1M. Capital expenditures of $757K left free cash flow of $11.9M.

Questions

What was Mesa Laboratories' revenue in the fourth quarter fiscal 2025?

Mesa Laboratories (MLAB) reported revenue of $62.1M for the fourth quarter fiscal 2025 (Q4 FY25), +5% from a year earlier and -1% from the quarter before.

Was Mesa Laboratories profitable in the fourth quarter fiscal 2025?

Operating profit was $1.5M (2.4% of revenue) and net loss $7.1M.

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Source: Mesa Laboratories 10-K on SEC EDGAR.