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Onterris (ONT) Q4 2025 earnings results (fourth quarter 2025)

10-K filed Feb 26, 2026

Onterris (ONT) reported revenue of $193M for the fourth quarter 2025 (Q4 2025), +2% from a year earlier and -14% from the quarter before. Operating margin was -1.3%, net loss $8.2M (4.3% of revenue).

Revenue$193M
Year over year+2%
Quarter over quarter-14%
Operating margin-1.3%
Net earnings−$8.2M

Onterris, Q4 2025: revenue $193M (+2% year over year), operating margin -1.3%, net loss $8.2M, operating cash flow $51.9M. The chart follows the revenue to costs, profit and cash.

Q4 2025AmountQ/QY/Y
Revenue$193M-14%+2%
Operating profit−$2.6M-126%—
Net earnings−$8.2M-198%—
Operating cash flow$51.9M+84%+62%
Free cash flow$46.5M+108%+57%

What changed

Revenue was $193.3M in Q4 2025, up 2% year over year and down 14% from the previous quarter.

Operating costs exceeded revenue by $2.6M, an operating margin of -1.3%. Total costs fell 8% while revenue rose 2%. The quarter ended with a net loss of $8.2M, after a profit of $8.4M the previous quarter. Net interest and other expense of $4.7M was the main reason.

Operating cash flow was $51.9M (up 62% year over year). Non-cash charges added back $11.9M of depreciation and amortization and $8.9M of share-based compensation. Working capital and other items added $39.3M. Capital expenditures of $5.4M left free cash flow of $46.5M.

Questions

What was Onterris' revenue in the fourth quarter 2025?

Onterris (ONT) reported revenue of $193M for the fourth quarter 2025 (Q4 2025), +2% from a year earlier and -14% from the quarter before.

Was Onterris profitable in the fourth quarter 2025?

Operating loss was $2.6M (-1.3% of revenue) and net loss $8.2M.

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Source: Onterris 10-K on SEC EDGAR.