Filing Flows › Orion S.A. (OEC) › Q4 2025
Orion S.A. (OEC) Q4 2025 earnings results (fourth quarter 2025)
10-K filed Feb 17, 2026
Orion S.A. (OEC) reported revenue of $412M for the fourth quarter 2025 (Q4 2025), -5% from a year earlier and -9% from the quarter before. Operating margin was 4.3%, net loss $21.1M (5.1% of revenue).
Orion S.A., Q4 2025: revenue $412M (-5% year over year), operating margin 4.3%, net loss $21.1M, operating cash flow $92.9M. The chart follows the revenue to costs, profit and cash.
| Q4 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $412M | -9% | -5% |
| Operating profit | $17.9M | — | — |
| Net earnings | −$21.1M | — | — |
| Operating cash flow | $92.9M | +35% | -2% |
| Free cash flow | $44.2M | +58% | +88% |
What changed
Revenue was $411.7M in Q4 2025, down 5% year over year and down 9% from the previous quarter.
Gross margin was 18.9%, down 1.7 points from a year earlier. Operating profit was $17.9M, a 4.3% margin (down 1.1 points year over year). Operating expenses fell 9% while revenue fell 5%. The quarter ended with a net loss of $21.1M, narrower than the previous quarter's $67.1M loss. Net interest and other expense of $16.2M was the main reason.
Operating cash flow was $92.9M (down 2% year over year). Non-cash charges added back $34.7M of depreciation and amortization and $3.6M of share-based compensation. Working capital and other items added $75.7M. Capital expenditures of $48.7M left free cash flow of $44.2M.
Questions
What was Orion S.A.'s revenue in the fourth quarter 2025?
Orion S.A.
Was Orion S.A. profitable in the fourth quarter 2025?
Operating profit was $17.9M (4.3% of revenue) and net loss $21.1M.
Source: Orion S.A. 10-K on SEC EDGAR.