Filing Flows › Nortech Systems (NSYS) › Q4 2025
Nortech Systems (NSYS) Q4 2025 earnings results (fourth quarter 2025)
10-K filed Mar 26, 2026
Nortech Systems (NSYS) reported revenue of $30.3M for the fourth quarter 2025 (Q4 2025), +6% from a year earlier and -0.6% from the quarter before. Operating margin was 3.0%, net earnings $897K (3.0% of revenue).
Nortech Systems, Q4 2025: revenue $30.3M (+6% year over year), operating margin 3.0%, net earnings $897K, operating cash flow $5.6M. The chart follows the revenue to costs, profit and cash.
| Q4 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $30.3M | -0.6% | +6% |
| Gross profit | $5.1M | +0.8% | +80% |
| Operating profit | $901K | -5% | — |
| Net earnings | $897K | — | — |
| Operating cash flow | $5.6M | — | +607% |
| Free cash flow | $5.5M | — | +986% |
What changed
Revenue was $30.3M in Q4 2025, up 6% year over year and down 1% from the previous quarter. Medical Imaging was the largest line at 37% of revenue.
Gross margin was 16.7%, up 6.9 points from Q4 2024. Operating profit was $901K, a 3.0% margin (up 7.3 points year over year). Operating expenses grew 3% against revenue growth of 6%. The fastest-growing cost line was Sales & marketing (+42%). Net earnings were $897K. The effective tax rate was -31.7%.
Operating cash flow was $5.6M (up 607% year over year), 625% of net earnings. Non-cash charges added back $302K of depreciation and amortization and $134K of share-based compensation. Working capital and other items added $4.3M. Capital expenditures of $144K left free cash flow of $5.5M.
Questions
What was Nortech Systems' revenue in the fourth quarter 2025?
Nortech Systems (NSYS) reported revenue of $30.3M for the fourth quarter 2025 (Q4 2025), +6% from a year earlier and -0.6% from the quarter before.
Was Nortech Systems profitable in the fourth quarter 2025?
Operating profit was $901K (3.0% of revenue) and net earnings $897K.
Source: Nortech Systems 10-K on SEC EDGAR.