Filing Flows › Playboy (PLBY) › Q4 2025
Playboy (PLBY) Q4 2025 earnings results (fourth quarter 2025)
10-K filed Mar 16, 2026
Playboy (PLBY) reported revenue of $34.9M for the fourth quarter 2025 (Q4 2025), +4% from a year earlier and +20% from the quarter before. Operating margin was 7.9%, net earnings $3.6M (10.3% of revenue).
Playboy, Q4 2025: revenue $34.9M (+4% year over year), operating margin 7.9%, net earnings $3.6M, operating cash flow $1.4M. The chart follows the revenue to costs, profit and cash.
| Q4 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $34.9M | +20% | +4% |
| Gross profit | $25.6M | +16% | +8% |
| Operating profit | $2.7M | +101% | — |
| Net earnings | $3.6M | +680% | — |
| Operating cash flow | $1.4M | -86% | +767% |
| Free cash flow | $1.1M | -89% | — |
What changed
Revenue was $34.9M in Q4 2025, up 4% year over year and up 20% from the previous quarter. Consumer products was the largest line at 62% of revenue.
Gross margin was 73.3%, up 2.5 points from a year earlier. Operating profit was $2.7M, a 7.9% margin (up 21.2 points year over year). Operating expenses fell 19% while revenue rose 4%. Net earnings were $3.6M. The tax line was a benefit of $2.6M on pre-tax earnings of $938K.
Operating cash flow was $1.4M (up 767% year over year), 39% of net earnings. Non-cash charges added back $709K of depreciation and amortization and $1.2M of share-based compensation. Working capital and other items used $4.1M. Capital expenditures of $278K left free cash flow of $1.1M.
Questions
What was Playboy's revenue in the fourth quarter 2025?
Playboy (PLBY) reported revenue of $34.9M for the fourth quarter 2025 (Q4 2025), +4% from a year earlier and +20% from the quarter before.
Was Playboy profitable in the fourth quarter 2025?
Operating profit was $2.7M (7.9% of revenue) and net earnings $3.6M.
Source: Playboy 10-K on SEC EDGAR.