Filing Flows › Neogen (NEOG) › Q4 FY25
Neogen (NEOG) Q4 FY25 earnings results (fourth quarter fiscal 2025)
10-K filed Jul 30, 2025
Neogen (NEOG) reported revenue of $226M for the fourth quarter fiscal 2025 (Q4 FY25), -5% from a year earlier and +2% from the quarter before. Operating margin was -271.0%, net loss $612M (271.5% of revenue).
Neogen, Q4 FY25: revenue $226M (-5% year over year), operating margin -271.0%, net loss $612M, operating cash flow $16.4M. The chart follows the revenue to costs, profit and cash.
| Q4 FY25 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $226M | +2% | -5% |
| Operating profit | −$611M | -11419% | — |
| Net earnings | −$612M | — | — |
| Operating cash flow | $16.4M | -16% | -39% |
| Free cash flow | $300K | — | -88% |
What changed
Revenue was $225.5M in Q4 FY25, down 5% year over year and up 2% from the previous quarter. Product was the largest line at 89% of revenue.
Gross margin was 41.2%, down 6.7 points from a year earlier. Operating costs exceeded revenue by $611.2M, an operating margin of -271.0%. Operating expenses grew 601% against a revenue fall of 5%. The fastest-growing cost line was Research & development (+22%). The quarter ended with a net loss of $612.2M, wider than the previous quarter's $10.9M loss.
Operating cash flow was $16.4M (down 39% year over year). Non-cash charges added back $30.3M of depreciation and amortization and $4.3M of share-based compensation. Working capital and other items added $594.0M. Capital expenditures of $16.1M left free cash flow of $300K.
Questions
What was Neogen's revenue in the fourth quarter fiscal 2025?
Neogen (NEOG) reported revenue of $226M for the fourth quarter fiscal 2025 (Q4 FY25), -5% from a year earlier and +2% from the quarter before.
Was Neogen profitable in the fourth quarter fiscal 2025?
Operating loss was $611M (-271.0% of revenue) and net loss $612M.
Source: Neogen 10-K on SEC EDGAR.