Filing Flows › Pursuit Attractions & Hospitality (PRSU) › Q4 2025
Pursuit Attractions & Hospitality (PRSU) Q4 2025 earnings results (fourth quarter 2025)
10-K filed Feb 25, 2026
Pursuit Attractions & Hospitality (PRSU) reported revenue of $57.1M for the fourth quarter 2025 (Q4 2025), +25% from a year earlier and -76% from the quarter before. Operating margin was -49.5%, net loss $26.2M (45.9% of revenue).
Pursuit Attractions & Hospitality, Q4 2025: revenue $57.1M (+25% year over year), operating margin -49.5%, net loss $26.2M, operating cash flow −$13.6M. The chart follows the revenue to costs, profit and cash.
| Q4 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $57.1M | -76% | +25% |
| Operating profit | −$28.3M | -127% | — |
| Net earnings | −$26.2M | -135% | — |
| Operating cash flow | −$13.6M | -113% | — |
What changed
Revenue was $57.1M in Q4 2025, up 25% year over year and down 76% from the previous quarter. Service was the largest line at 78% of revenue.
Operating costs exceeded revenue by $28.3M, an operating margin of -49.5%. Total costs fell 32% while revenue rose 25%. The fastest-growing cost line was SG&A (+78%). The quarter ended with a net loss of $26.2M, after a profit of $85.1M the previous quarter. Minority interests bore $476K of it: to shareholders the quarter was a loss of $25.7M.
Operating cash flow was −$13.6M. Non-cash charges added back $12.0M of depreciation and amortization and $1.6M of share-based compensation. Working capital and other items used $1.0M. Capital expenditures of $30.9M exceeded it, leaving free cash flow of −$44.6M.
Questions
What was Pursuit Attractions & Hospitality's revenue in the fourth quarter 2025?
Pursuit Attractions & Hospitality (PRSU) reported revenue of $57.1M for the fourth quarter 2025 (Q4 2025), +25% from a year earlier and -76% from the quarter before.
Was Pursuit Attractions & Hospitality profitable in the fourth quarter 2025?
Operating loss was $28.3M (-49.5% of revenue) and net loss $26.2M.
Source: Pursuit Attractions & Hospitality 10-K on SEC EDGAR.