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Prokidney (PROK) Q4 2025 earnings results (fourth quarter 2025)

10-K filed Mar 18, 2026

Prokidney (PROK) reported revenue of $225K for the fourth quarter 2025 (Q4 2025), +196% from a year earlier and +4% from the quarter before.

Revenue$225K
Year over year+196%
Quarter over quarter+4%
Operating margin—
Net earnings−$40.9M

Prokidney, Q4 2025: revenue $225K (+196% year over year), net loss $40.9M, operating cash flow −$32.5M. The chart follows the revenue to costs, profit and cash.

Q4 2025AmountQ/QY/Y
Revenue$225K+4%+196%
Operating profit−$45.4M——
Net earnings−$40.9M——
Operating cash flow−$32.5M——

What changed

Revenue was $225K in Q4 2025, up 196% year over year and up 4% from the previous quarter.

Operating costs exceeded revenue by $45.4M, an operating margin of -20164.9%. Total costs fell 12% while revenue rose 196%. The quarter ended with a net loss of $40.9M, wider than the previous quarter's $35.8M loss. Minority interests bore $21.6M of it: to shareholders the quarter was a loss of $19.2M.

Operating cash flow was −$32.5M. Non-cash charges added back $1.8M of depreciation and amortization and $5.7M of share-based compensation. Capital expenditures of $5.8M exceeded it, leaving free cash flow of −$38.3M.

Questions

What was Prokidney's revenue in the fourth quarter 2025?

Prokidney (PROK) reported revenue of $225K for the fourth quarter 2025 (Q4 2025), +196% from a year earlier and +4% from the quarter before.

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Source: Prokidney 10-K on SEC EDGAR.