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QuidelOrtho (QDEL) Q4 2025 earnings results (fourth quarter 2025)

10-K filed Feb 19, 2026

QuidelOrtho (QDEL) reported revenue of $724M for the fourth quarter 2025 (Q4 2025), +2% from a year earlier and +3% from the quarter before. Operating margin was -9.2%, net loss $131M (18.1% of revenue).

Revenue$724M
Year over year+2%
Quarter over quarter+3%
Operating margin-9.2%
Net earnings−$131M

QuidelOrtho, Q4 2025: revenue $724M (+2% year over year), operating margin -9.2%, net loss $131M, operating cash flow $132M. The chart follows the revenue to costs, profit and cash.

Q4 2025AmountQ/QY/Y
Revenue$724M+3%+2%
Operating profit−$66.3M——
Net earnings−$131M——
Operating cash flow$132M—+107%
Free cash flow$86.6M——

What changed

Revenue was $723.6M in Q4 2025, up 2% year over year and up 3% from the previous quarter.

Operating costs exceeded revenue by $66.3M, an operating margin of -9.2%. Total costs fell 2% while revenue rose 2%. The quarter ended with a net loss of $130.7M, narrower than the previous quarter's $733.0M loss.

Operating cash flow was $131.9M (up 107% year over year). Non-cash charges added back $112.5M of depreciation and amortization and $10.8M of share-based compensation. Working capital and other items added $139.3M. After acquisitions of property, plant, equipment, investments and intangibles ($45.3M), free cash flow as the company reports it was $86.6M.

Questions

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

QuidelOrtho (QDEL) reported revenue of $724M for the fourth quarter 2025 (Q4 2025), +2% from a year earlier and +3% from the quarter before.

Was QuidelOrtho profitable in the fourth quarter 2025?

Operating loss was $66.3M (-9.2% of revenue) and net loss $131M.

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Source: QuidelOrtho 10-K on SEC EDGAR.