Filing Flows › Rocky Brands (RCKY) › Q4 2025
Rocky Brands (RCKY) Q4 2025 earnings results (fourth quarter 2025)
10-K filed Mar 11, 2026
Rocky Brands (RCKY) reported revenue of $140M for the fourth quarter 2025 (Q4 2025), +9% from a year earlier and +14% from the quarter before. Operating margin was 6.9%, net earnings $6.5M (4.7% of revenue).
Rocky Brands, Q4 2025: revenue $140M (+9% year over year), operating margin 6.9%, net earnings $6.5M, operating cash flow $17.6M. The chart follows the revenue to costs, profit and cash.
| Q4 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $140M | +14% | +9% |
| Gross profit | $57.7M | +17% | +9% |
| Operating profit | $9.6M | -18% | +13% |
| Net earnings | $6.5M | -10% | +36% |
| Operating cash flow | $17.6M | — | -28% |
| Free cash flow | $16.7M | — | -27% |
What changed
Revenue was $139.7M in Q4 2025, up 9% year over year and up 14% from the previous quarter. Wholesale was the largest line at 57% of revenue.
Gross margin was 41.3%, down 0.2 points from a year earlier. Operating profit was $9.6M, a 6.9% margin (up 0.2 points year over year). Of the extra revenue versus a year earlier, 9% reached operating profit, above the 7% margin then. Operating expenses grew 8% against revenue growth of 9%. Net earnings were $6.5M, up 36% year over year. The effective tax rate was 6.3%.
Operating cash flow was $17.6M (down 28% year over year), 270% of net earnings. Non-cash charges added back $2.5M of depreciation and amortization and $413K of share-based compensation. Working capital and other items added $8.1M. Capital expenditures of $867K left free cash flow of $16.7M.
Questions
What was Rocky Brands' revenue in the fourth quarter 2025?
Rocky Brands (RCKY) reported revenue of $140M for the fourth quarter 2025 (Q4 2025), +9% from a year earlier and +14% from the quarter before.
Was Rocky Brands profitable in the fourth quarter 2025?
Operating profit was $9.6M (6.9% of revenue) and net earnings $6.5M.
Source: Rocky Brands 10-K on SEC EDGAR.