Filing Flows › Prairie Operating (PROP) › Q4 2025
Prairie Operating (PROP) Q4 2025 earnings results (fourth quarter 2025)
10-K filed Mar 31, 2026
Prairie Operating (PROP) reported revenue of $83.0M for the fourth quarter 2025 (Q4 2025), +946% from a year earlier and +7% from the quarter before. Operating margin was 21.5%, net loss $2.3M (2.8% of revenue).
Prairie Operating, Q4 2025: revenue $83.0M (+946% year over year), operating margin 21.5%, net loss $2.3M, operating cash flow $86.5M. The chart follows the revenue to costs, profit and cash.
| Q4 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $83.0M | +7% | +946% |
| Operating profit | $17.8M | -34% | — |
| Net earnings | −$2.3M | -279% | — |
| Operating cash flow | $86.5M | +50% | — |
| Free cash flow | $35.0M | — | — |
What changed
Revenue was $83.0M in Q4 2025, up 946% year over year and up 7% from the previous quarter.
Operating profit was $17.8M, a 21.5% margin (up 35.1 points year over year). Total costs grew 622% against revenue growth of 946%. The fastest-growing cost line was Other operating costs (+1352%). The quarter ended with a net loss of $2.3M, after a profit of $1.3M the previous quarter.
Operating cash flow was $86.5M. Non-cash charges added back $18.6M of depreciation and amortization and $6.9M of share-based compensation. Working capital and other items added $63.3M. Capital expenditures of $51.5M left free cash flow of $35.0M.
Questions
What was Prairie Operating's revenue in the fourth quarter 2025?
Prairie Operating (PROP) reported revenue of $83.0M for the fourth quarter 2025 (Q4 2025), +946% from a year earlier and +7% from the quarter before.
Was Prairie Operating profitable in the fourth quarter 2025?
Operating profit was $17.8M (21.5% of revenue) and net loss $2.3M.
Source: Prairie Operating 10-K on SEC EDGAR.