Filing Flows › Primo Brands (PRMB) › Q4 2025
Primo Brands (PRMB) Q4 2025 earnings results (fourth quarter 2025)
10-K filed Feb 27, 2026
Primo Brands (PRMB) reported revenue of $1.6B for the fourth quarter 2025 (Q4 2025), +11% from a year earlier and -12% from the quarter before. Operating margin was 1.2%, net loss $13.0M (0.8% of revenue).
Primo Brands, Q4 2025: revenue $1.6B (+11% year over year), operating margin 1.2%, net loss $13.0M, operating cash flow $203M. The chart follows the revenue to costs, profit and cash.
| Q4 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $1.6B | -12% | +11% |
| Operating profit | $18.0M | -88% | — |
| Net earnings | −$13.0M | -177% | — |
| Operating cash flow | $203M | -28% | +117% |
| Free cash flow | $57.3M | -66% | +42% |
What changed
Revenue was $1.6B in Q4 2025, up 11% year over year and down 12% from the previous quarter. Regional spring water was the largest line at 49% of revenue.
Gross margin was 27.7%, down 3.1 points from a year earlier. Operating profit was $0.02B, a 1.2% margin (up 7.0 points year over year). Operating expenses fell 19% while revenue rose 11%. The quarter ended with a net loss of $0.01B, after a profit of $0.02B the previous quarter. Net interest and other expense of $0.03B was the main reason.
Operating cash flow was $0.20B (up 117% year over year). Non-cash charges added back $0.17B of depreciation and amortization and $0.01B of share-based compensation. Working capital and other items added $0.03B. Capital expenditures of $0.15B left free cash flow of $0.06B.
Questions
What was Primo Brands' revenue in the fourth quarter 2025?
Primo Brands (PRMB) reported revenue of $1.6B for the fourth quarter 2025 (Q4 2025), +11% from a year earlier and -12% from the quarter before.
Was Primo Brands profitable in the fourth quarter 2025?
Operating profit was $18.0M (1.2% of revenue) and net loss $13.0M.
Source: Primo Brands 10-K on SEC EDGAR.