Filing Flows › United Parks & Resorts (PRKS) › Q4 2025
United Parks & Resorts (PRKS) Q4 2025 earnings results (fourth quarter 2025)
10-K filed Mar 3, 2026
United Parks & Resorts (PRKS) reported revenue of $374M for the fourth quarter 2025 (Q4 2025), -3% from a year earlier and -27% from the quarter before. Operating margin was 15.1%, net earnings $15.1M (4.0% of revenue).
United Parks & Resorts, Q4 2025: revenue $374M (-3% year over year), operating margin 15.1%, net earnings $15.1M, operating cash flow $78.4M. The chart follows the revenue to costs, profit and cash.
| Q4 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $374M | -27% | -3% |
| Operating profit | $56.4M | -63% | -26% |
| Net earnings | $15.1M | -83% | -46% |
| Operating cash flow | $78.4M | -17% | -30% |
| Free cash flow | $28.1M | -26% | -67% |
What changed
Revenue was $373.5M in Q4 2025, down 3% year over year and down 27% from the previous quarter. Admission was the largest line at 54% of revenue.
Operating profit was $56.4M, a 15.1% margin (down 4.6 points year over year). Total costs grew 3% against a revenue fall of 3%. The fastest-growing cost line was SG&A (+17%). Net earnings were $15.1M, down 46% year over year. The effective tax rate was 21.2%.
Operating cash flow was $78.4M (down 30% year over year), 521% of net earnings. Non-cash charges added back $45.1M of depreciation and amortization and $4.9M of share-based compensation. Working capital and other items added $13.4M. Capital expenditures of $50.3M left free cash flow of $28.1M.
Questions
What was United Parks & Resorts' revenue in the fourth quarter 2025?
United Parks & Resorts (PRKS) reported revenue of $374M for the fourth quarter 2025 (Q4 2025), -3% from a year earlier and -27% from the quarter before.
Was United Parks & Resorts profitable in the fourth quarter 2025?
Operating profit was $56.4M (15.1% of revenue) and net earnings $15.1M.