Filing Flows › Pamt (PAMT) › Q4 2025
Pamt (PAMT) Q4 2025 earnings results (fourth quarter 2025)
10-K filed Mar 12, 2026
Pamt (PAMT) reported revenue of $141M for the fourth quarter 2025 (Q4 2025), -15% from a year earlier and -6% from the quarter before. Operating margin was -27.0%, net loss $29.3M (20.7% of revenue).
Pamt, Q4 2025: revenue $141M (-15% year over year), operating margin -27.0%, net loss $29.3M, operating cash flow −$5.8M. The chart follows the revenue to costs, profit and cash.
| Q4 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $141M | -6% | -15% |
| Operating profit | −$38.1M | — | — |
| Net earnings | −$29.3M | — | — |
| Operating cash flow | −$5.8M | -198% | — |
What changed
Revenue was $141.3M in Q4 2025, down 15% year over year and down 6% from the previous quarter. Freight Transportation Service was the largest line at 87% of revenue.
Operating costs exceeded revenue by $38.1M, an operating margin of -27.0%. Total costs fell 12% while revenue fell 15%. The quarter ended with a net loss of $29.3M, wider than the previous quarter's $5.6M loss.
Operating cash flow was −$5.8M. Non-cash charges added back $19.2M of depreciation and $223K of share-based compensation. Working capital and other items added $4.0M. Capital expenditures of $19.2M exceeded it, leaving free cash flow of −$25.0M.
Questions
What was Pamt's revenue in the fourth quarter 2025?
Pamt (PAMT) reported revenue of $141M for the fourth quarter 2025 (Q4 2025), -15% from a year earlier and -6% from the quarter before.
Was Pamt profitable in the fourth quarter 2025?
Operating loss was $38.1M (-27.0% of revenue) and net loss $29.3M.
Source: Pamt 10-K on SEC EDGAR.