Filing Flows › Neonode (NEON) › Q4 2025
Neonode (NEON) Q4 2025 earnings results (fourth quarter 2025)
10-K filed Mar 18, 2026
Neonode (NEON) reported revenue of $520K for the fourth quarter 2025 (Q4 2025), -21% from a year earlier and +21% from the quarter before. Operating margin was -454.6%, net loss $2.1M (401.9% of revenue).
Neonode, Q4 2025: revenue $520K (-21% year over year), operating margin -454.6%, net loss $2.1M, operating cash flow −$5.6M. The chart follows the revenue to costs, profit and cash.
| Q4 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $520K | +21% | -21% |
| Operating profit | −$2.4M | -117% | — |
| Net earnings | −$2.1M | -115% | — |
| Operating cash flow | −$5.6M | — | — |
What changed
Revenue was $520K in Q4 2025, down 21% year over year and up 21% from the previous quarter. License Fees was the largest line at 99% of revenue.
Gross margin was 99.6%, up 7.6 points from Q4 2024. Operating costs exceeded revenue by $2.4M, an operating margin of -454.6%. Operating expenses grew 25% against a revenue fall of 21%. The fastest-growing cost line was General & admin (+28%). The quarter ended with a net loss of $2.1M, after a profit of $14.2M the previous quarter.
Operating cash flow was −$5.6M. Non-cash charges added back $13K of depreciation and amortization. Working capital and other items used $3.5M. Capital expenditures of $1K exceeded it, leaving free cash flow of −$5.6M.
Questions
What was Neonode's revenue in the fourth quarter 2025?
Neonode (NEON) reported revenue of $520K for the fourth quarter 2025 (Q4 2025), -21% from a year earlier and +21% from the quarter before.
Was Neonode profitable in the fourth quarter 2025?
Operating loss was $2.4M (-454.6% of revenue) and net loss $2.1M.
Source: Neonode 10-K on SEC EDGAR.