Filing Flows › Proto Labs (PRLB) › Q4 2025
Proto Labs (PRLB) Q4 2025 earnings results (fourth quarter 2025)
10-K filed Feb 20, 2026
Proto Labs (PRLB) reported revenue of $136M for the fourth quarter 2025 (Q4 2025), +12% from a year earlier and +0.8% from the quarter before. Operating margin was 5.0%, net earnings $6.0M (4.4% of revenue).
Proto Labs, Q4 2025: revenue $136M (+12% year over year), operating margin 5.0%, net earnings $6.0M, operating cash flow $16.5M. The chart follows the revenue to costs, profit and cash.
| Q4 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $136M | +0.8% | +12% |
| Gross profit | $60.4M | -2% | +16% |
| Operating profit | $6.8M | -23% | — |
| Net earnings | $6.0M | -17% | — |
| Operating cash flow | $16.5M | -43% | -5% |
| Free cash flow | $8.4M | -66% | -49% |
What changed
Revenue was $136.5M in Q4 2025, up 12% year over year and up 1% from the previous quarter. CNC Machining was the largest line at 48% of revenue.
Gross margin was 44.2%, up 1.6 points from a year earlier. Operating profit was $6.8M, a 5.0% margin (up 6.2 points year over year). Operating expenses grew 0% against revenue growth of 12%. The fastest-growing cost line was General & admin (+12%). Net earnings were $6.0M. The effective tax rate was 26.4%.
Operating cash flow was $16.5M (down 5% year over year), 274% of net earnings. Non-cash charges added back $8.1M of depreciation and amortization and $3.8M of share-based compensation. Working capital and other items used $1.5M. Capital expenditures of $8.1M left free cash flow of $8.4M.
Questions
What was Proto Labs' revenue in the fourth quarter 2025?
Proto Labs (PRLB) reported revenue of $136M for the fourth quarter 2025 (Q4 2025), +12% from a year earlier and +0.8% from the quarter before.
Was Proto Labs profitable in the fourth quarter 2025?
Operating profit was $6.8M (5.0% of revenue) and net earnings $6.0M.
Source: Proto Labs 10-K on SEC EDGAR.