Filing Flows › Milestone Scientific (MLSS) › Q4 2025
Milestone Scientific (MLSS) Q4 2025 earnings results (fourth quarter 2025)
10-K filed Mar 31, 2026
Milestone Scientific (MLSS) reported revenue of $2.1M for the fourth quarter 2025 (Q4 2025), +2% from a year earlier and -13% from the quarter before. Operating margin was -52.5%, net loss $1.1M (53.0% of revenue).
Milestone Scientific, Q4 2025: revenue $2.1M (+2% year over year), operating margin -52.5%, net loss $1.1M, operating cash flow −$226K. The chart follows the revenue to costs, profit and cash.
| Q4 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $2.1M | -13% | +2% |
| Operating profit | −$1.1M | — | — |
| Net earnings | −$1.1M | — | — |
| Operating cash flow | −$226K | -377% | — |
What changed
Revenue was $2.1M in Q4 2025, up 2% year over year and down 13% from the previous quarter.
Gross margin was 73.0%, down 2.1 points from Q4 2024. Operating costs exceeded revenue by $1.1M, an operating margin of -52.5%. Operating expenses fell 27% while revenue rose 2%. The quarter ended with a net loss of $1.1M, narrower than the previous quarter's $1.2M loss.
Operating cash flow was −$226K. Non-cash charges added back $19K of depreciation and amortization and $99K of share-based compensation. Working capital and other items added $746K. Capital expenditures of $3K exceeded it, leaving free cash flow of −$229K.
Questions
What was Milestone Scientific's revenue in the fourth quarter 2025?
Milestone Scientific (MLSS) reported revenue of $2.1M for the fourth quarter 2025 (Q4 2025), +2% from a year earlier and -13% from the quarter before.
Was Milestone Scientific profitable in the fourth quarter 2025?
Operating loss was $1.1M (-52.5% of revenue) and net loss $1.1M.