Filing Flows › Perimeter Group (PRM) › Q4 2025
Perimeter Group (PRM) Q4 2025 earnings results (fourth quarter 2025)
10-K filed Feb 26, 2026
Perimeter Group (PRM) reported revenue of $103M for the fourth quarter 2025 (Q4 2025), +19% from a year earlier and -67% from the quarter before. Operating margin was -160.7%, net loss $140M (136.5% of revenue).
Perimeter Group, Q4 2025: revenue $103M (+19% year over year), operating margin -160.7%, net loss $140M, operating cash flow $18.6M. The chart follows the revenue to costs, profit and cash.
| Q4 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $103M | -67% | +19% |
| Operating profit | −$165M | — | — |
| Net earnings | −$140M | — | — |
| Operating cash flow | $18.6M | -91% | — |
| Free cash flow | $11.6M | -94% | — |
What changed
Revenue was $102.8M in Q4 2025, up 19% year over year and down 67% from the previous quarter. Revenues from products was the largest line at 84% of revenue.
Gross margin was 45.2%, down 3.4 points from a year earlier. Operating costs exceeded revenue by $165.2M, an operating margin of -160.7%. The quarter ended with a net loss of $140.2M, wider than the previous quarter's $90.7M loss.
Operating cash flow was $18.6M. Non-cash charges added back $20.4M of depreciation and amortization and $5.2M of share-based compensation. Working capital and other items added $133.2M. Capital expenditures of $7.0M left free cash flow of $11.6M.
Questions
What was Perimeter Group's revenue in the fourth quarter 2025?
Perimeter Group (PRM) reported revenue of $103M for the fourth quarter 2025 (Q4 2025), +19% from a year earlier and -67% from the quarter before.
Was Perimeter Group profitable in the fourth quarter 2025?
Operating loss was $165M (-160.7% of revenue) and net loss $140M.
Source: Perimeter Group 10-K on SEC EDGAR.