Filing Flows › Perrigo (PRGO) › Q4 2025
Perrigo (PRGO) Q4 2025 earnings results (fourth quarter 2025)
10-K filed Feb 26, 2026
Perrigo (PRGO) reported revenue of $1.1B for the fourth quarter 2025 (Q4 2025), -3% from a year earlier and +6% from the quarter before. Operating margin was -116.0%, net loss $1.4B (127.8% of revenue).
Perrigo, Q4 2025: revenue $1.1B (-2% year over year), operating margin -116.0%, net loss $1.4B, operating cash flow $175M. The chart follows the revenue to costs, profit and cash.
| Q4 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $1.1B | +6% | -3% |
| Operating profit | −$1.3B | -1873% | — |
| Net earnings | −$1.4B | -19008% | — |
| Operating cash flow | $175M | +239% | -44% |
| Free cash flow | $149M | +399% | -46% |
What changed
Revenue was $1.1B in Q4 2025, down 3% year over year and up 6% from the previous quarter. CSCA was the largest line at 63% of revenue.
Gross margin was 32.6%, down 1.3 points from a year earlier. Operating costs exceeded revenue by $1.3B, an operating margin of -116.0%. Operating expenses grew 507% against a revenue fall of 3%. The fastest-growing cost line was Other operating costs (+4204%). The quarter ended with a net loss of $1.4B, after a profit of $0.01B the previous quarter.
Operating cash flow was $0.18B (down 44% year over year). Non-cash charges added back $0.09B of depreciation and amortization and $0.01B of share-based compensation. Working capital and other items added $1.5B. Capital expenditures of $0.03B left free cash flow of $0.15B.
Questions
What was Perrigo's revenue in the fourth quarter 2025?
Perrigo (PRGO) reported revenue of $1.1B for the fourth quarter 2025 (Q4 2025), -3% from a year earlier and +6% from the quarter before.
Was Perrigo profitable in the fourth quarter 2025?
Operating loss was $1.3B (-116.0% of revenue) and net loss $1.4B.
Source: Perrigo 10-K on SEC EDGAR.