Filing Flows › Maxlinear (MXL) › Q4 2025
Maxlinear (MXL) Q4 2025 earnings results (fourth quarter 2025)
10-K filed Jan 29, 2026
Maxlinear (MXL) reported revenue of $136M for the fourth quarter 2025 (Q4 2025), +48% from a year earlier and +8% from the quarter before. Operating margin was -10.9%, net loss $14.9M (10.9% of revenue).
Maxlinear, Q4 2025: revenue $136M (+48% year over year), operating margin -10.9%, net loss $14.9M, operating cash flow $10.4M. The chart follows the revenue to costs, profit and cash.
| Q4 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $136M | +8% | +48% |
| Operating profit | −$14.9M | — | — |
| Net earnings | −$14.9M | — | — |
| Operating cash flow | $10.4M | +3% | — |
| Free cash flow | $6.7M | +52% | — |
What changed
Revenue was $136.4M in Q4 2025, up 48% year over year and up 8% from the previous quarter.
Gross margin was 57.6%, up 2.0 points from a year earlier. Operating costs exceeded revenue by $14.9M, an operating margin of -10.9%. Operating expenses grew 1% against revenue growth of 48%. The fastest-growing cost line was SG&A (+10%). The quarter ended with a net loss of $14.9M, narrower than the previous quarter's $45.5M loss.
Operating cash flow was $10.4M. Non-cash charges added back $10.8M of depreciation and amortization and $19.6M of share-based compensation. Working capital and other items used $5.1M. Capital expenditures of $3.7M left free cash flow of $6.7M.
Questions
What was Maxlinear's revenue in the fourth quarter 2025?
Maxlinear (MXL) reported revenue of $136M for the fourth quarter 2025 (Q4 2025), +48% from a year earlier and +8% from the quarter before.
Was Maxlinear profitable in the fourth quarter 2025?
Operating loss was $14.9M (-10.9% of revenue) and net loss $14.9M.
Source: Maxlinear 10-K on SEC EDGAR.