Filing Flows › Metallus (MTUS) › Q4 2025
Metallus (MTUS) Q4 2025 earnings results (fourth quarter 2025)
10-K filed Feb 20, 2026
Metallus (MTUS) reported revenue of $267M for the fourth quarter 2025 (Q4 2025), +11% from a year earlier and -13% from the quarter before. Operating margin was -7.7%, net loss $14.3M (5.3% of revenue).
Metallus, Q4 2025: revenue $267M (+11% year over year), operating margin -7.7%, net loss $14.3M, operating cash flow −$1.9M. The chart follows the revenue to costs, profit and cash.
| Q4 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $267M | -13% | +11% |
| Operating profit | −$20.5M | -288% | — |
| Net earnings | −$14.3M | -277% | — |
| Operating cash flow | −$1.9M | -109% | — |
What changed
Revenue was $267.3M in Q4 2025, up 11% year over year and down 13% from the previous quarter. Special Bar Quality Bars was the largest line at 62% of revenue.
Gross margin was 2.2%, down 2.3 points from a year earlier. Operating costs exceeded revenue by $20.5M, an operating margin of -7.7%. Operating expenses fell 25% while revenue rose 11%. The quarter ended with a net loss of $14.3M, after a profit of $8.1M the previous quarter.
Operating cash flow was −$1.9M. Non-cash charges added back $14.5M of depreciation and amortization and $3.8M of share-based compensation. Working capital and other items used $5.9M. Capital expenditures of $35.3M exceeded it, leaving free cash flow of −$37.2M.
Questions
What was Metallus' revenue in the fourth quarter 2025?
Metallus (MTUS) reported revenue of $267M for the fourth quarter 2025 (Q4 2025), +11% from a year earlier and -13% from the quarter before.
Was Metallus profitable in the fourth quarter 2025?
Operating loss was $20.5M (-7.7% of revenue) and net loss $14.3M.
Source: Metallus 10-K on SEC EDGAR.