Filing Flows › Ingevity (NGVT) › Q4 2025
Ingevity (NGVT) Q4 2025 earnings results (fourth quarter 2025)
10-K filed Feb 26, 2026
Ingevity (NGVT) reported revenue of $255M for the fourth quarter 2025 (Q4 2025), -3% from a year earlier and -23% from the quarter before. Operating margin was -43.6%, net loss $84.6M (33.2% of revenue).
Ingevity, Q4 2025: revenue $255M (-3% year over year), operating margin -43.6%, net loss $84.6M, operating cash flow $97.1M. The chart follows the revenue to costs, profit and cash.
| Q4 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $255M | -23% | -3% |
| Operating profit | −$111M | -271% | — |
| Net earnings | −$84.6M | -294% | — |
| Operating cash flow | $97.1M | -25% | +51% |
| Free cash flow | $73.5M | — | +86% |
What changed
Revenue was $255.1M in Q4 2025, down 3% year over year and down 23% from the previous quarter. Performance Materials was the largest line at 59% of revenue.
Gross margin was 34.4%, down 3.5 points from a year earlier. Operating costs exceeded revenue by $111.2M, an operating margin of -43.6%. The quarter ended with a net loss of $84.6M, after a profit of $43.5M the previous quarter.
Operating cash flow was $97.1M (up 51% year over year). Non-cash charges added back $27.9M of depreciation and amortization and $4.5M of share-based compensation. Working capital and other items added $149.3M. After capital expenditures ($23.6M), free cash flow as the company reports it was $73.5M.
Questions
What was Ingevity's revenue in the fourth quarter 2025?
Ingevity (NGVT) reported revenue of $255M for the fourth quarter 2025 (Q4 2025), -3% from a year earlier and -23% from the quarter before.
Was Ingevity profitable in the fourth quarter 2025?
Operating loss was $111M (-43.6% of revenue) and net loss $84.6M.
Source: Ingevity 10-K on SEC EDGAR.