Filing Flows › Matrix Service (MTRX) › Q4 FY25
Matrix Service (MTRX) Q4 FY25 earnings results (fourth quarter fiscal 2025)
10-K filed Sep 10, 2025
Matrix Service (MTRX) reported revenue of $216M for the fourth quarter fiscal 2025 (Q4 FY25), +14% from a year earlier and +8% from the quarter before. Operating margin was -6.0%, net loss $11.3M (5.2% of revenue).
Matrix Service, Q4 FY25: revenue $216M (+14% year over year), operating margin -6.0%, net loss $11.3M, operating cash flow $40.7M. The chart follows the revenue to costs, profit and cash.
| Q4 FY25 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $216M | +8% | +14% |
| Operating profit | −$12.9M | — | — |
| Net earnings | −$11.3M | — | — |
| Operating cash flow | $40.7M | +30% | -13% |
| Free cash flow | $38.4M | +34% | -16% |
What changed
Revenue was $216.4M in Q4 FY25, up 14% year over year and up 8% from the previous quarter.
Gross margin was 3.8%, down 2.8 points from a year earlier. Operating costs exceeded revenue by $12.9M, an operating margin of -6.0%. Operating expenses grew 18% against revenue growth of 14%. The fastest-growing cost line was Other operating costs (+588%). The quarter ended with a net loss of $11.3M, wider than the previous quarter's $3.4M loss.
Operating cash flow was $40.7M (down 13% year over year). Non-cash charges added back $2.5M of depreciation and amortization and $2.1M of share-based compensation. Working capital and other items added $47.4M. Capital expenditures of $2.3M left free cash flow of $38.4M.
Questions
What was Matrix Service's revenue in the fourth quarter fiscal 2025?
Matrix Service (MTRX) reported revenue of $216M for the fourth quarter fiscal 2025 (Q4 FY25), +14% from a year earlier and +8% from the quarter before.
Was Matrix Service profitable in the fourth quarter fiscal 2025?
Operating loss was $12.9M (-6.0% of revenue) and net loss $11.3M.
Source: Matrix Service 10-K on SEC EDGAR.