Filing Flows › Mount Logan Capital (MLCI) › Q4 2025
Mount Logan Capital (MLCI) Q4 2025 earnings results (fourth quarter 2025)
10-K filed Mar 19, 2026
Mount Logan Capital (MLCI) reported revenue of $9.9M for the fourth quarter 2025 (Q4 2025), +11% from a year earlier and -13% from the quarter before. Operating margin was -395.2%, net loss $39.8M (399.8% of revenue).
Mount Logan Capital, Q4 2025: revenue $9.9M (+11% year over year), operating margin -395.2%, net loss $39.8M, operating cash flow $3.5M. The chart follows the revenue to costs, profit and cash.
| Q4 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $9.9M | -13% | +11% |
| Operating profit | −$39.3M | — | — |
| Net earnings | −$39.8M | — | — |
| Operating cash flow | $3.5M | — | — |
What changed
Revenue was $9.9M in Q4 2025, up 11% year over year and down 13% from the previous quarter.
Operating costs exceeded revenue by $39.3M, an operating margin of -395.2%. Total costs grew 194% against revenue growth of 11%. The quarter ended with a net loss of $39.8M, wider than the previous quarter's $13.4M loss.
Operating cash flow was $3.5M. Working capital and other items added $43.2M.
Questions
What was Mount Logan Capital's revenue in the fourth quarter 2025?
Mount Logan Capital (MLCI) reported revenue of $9.9M for the fourth quarter 2025 (Q4 2025), +11% from a year earlier and -13% from the quarter before.
Was Mount Logan Capital profitable in the fourth quarter 2025?
Operating loss was $39.3M (-395.2% of revenue) and net loss $39.8M.