Filing Flows › Natural Alternatives International (NAII) › Q4 FY25
Natural Alternatives International (NAII) Q4 FY25 earnings results (fourth quarter fiscal 2025)
10-K filed Sep 23, 2025
Natural Alternatives International (NAII) reported revenue of $33.9M for the fourth quarter fiscal 2025 (Q4 FY25), +15% from a year earlier and +18% from the quarter before. Operating margin was -5.7%, net loss $7.2M (21.3% of revenue).
Natural Alternatives International, Q4 FY25: revenue $33.9M (+15% year over year), operating margin -5.7%, net loss $7.2M, operating cash flow $3.3M. The chart follows the revenue to costs, profit and cash.
| Q4 FY25 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $33.9M | +18% | +15% |
| Operating profit | −$1.9M | — | — |
| Net earnings | −$7.2M | — | — |
| Operating cash flow | $3.3M | -44% | — |
| Free cash flow | $1.9M | -64% | — |
What changed
Revenue was $33.9M in Q4 FY25, up 15% year over year and up 18% from the previous quarter.
Gross margin was 10.4%, up 5.6 points from a year earlier. Operating costs exceeded revenue by $1.9M, an operating margin of -5.7%. Operating expenses grew 39% against revenue growth of 15%. The quarter ended with a net loss of $7.2M, wider than the previous quarter's $2.2M loss.
Operating cash flow was $3.3M. Non-cash charges added back $1.2M of depreciation and amortization and $179K of share-based compensation. Working capital and other items added $9.2M. Capital expenditures of $1.5M left free cash flow of $1.9M.
Questions
What was Natural Alternatives International's revenue in the fourth quarter fiscal 2025?
Natural Alternatives International (NAII) reported revenue of $33.9M for the fourth quarter fiscal 2025 (Q4 FY25), +15% from a year earlier and +18% from the quarter before.
Was Natural Alternatives International profitable in the fourth quarter fiscal 2025?
Operating loss was $1.9M (-5.7% of revenue) and net loss $7.2M.
Source: Natural Alternatives International 10-K on SEC EDGAR.