Filing Flows › Reading International (RDI) › Q4 2025
Reading International (RDI) Q4 2025 earnings results (fourth quarter 2025)
10-K filed Mar 31, 2026
Reading International (RDI) reported revenue of $50.3M for the fourth quarter 2025 (Q4 2025), -14% from a year earlier and -4% from the quarter before. Operating margin was -1.9%, net loss $2.6M (5.2% of revenue).
Reading International, Q4 2025: revenue $50.3M (-14% year over year), operating margin -1.9%, net loss $2.6M, operating cash flow $4.3M. The chart follows the revenue to costs, profit and cash.
| Q4 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $50.3M | -4% | -14% |
| Operating profit | −$976K | — | -164% |
| Net earnings | −$2.6M | — | — |
| Operating cash flow | $4.3M | 15× | -46% |
| Free cash flow | $4.1M | — | -41% |
What changed
Revenue was $50.3M in Q4 2025, down 14% year over year and down 4% from the previous quarter. Cinema was the largest line at 93% of revenue.
Operating costs exceeded revenue by $1.0M, an operating margin of -1.9%. Total costs fell 10% while revenue fell 14%. The quarter ended with a net loss of $2.6M, narrower than the previous quarter's $4.3M loss. Net interest and other expense of $1.8M was the main reason.
Operating cash flow was $4.3M (down 46% year over year). Non-cash charges added back $3.2M of depreciation and amortization and $393K of share-based compensation. Working capital and other items added $3.3M. Capital expenditures of $158K left free cash flow of $4.1M.
Questions
What was Reading International's revenue in the fourth quarter 2025?
Reading International (RDI) reported revenue of $50.3M for the fourth quarter 2025 (Q4 2025), -14% from a year earlier and -4% from the quarter before.
Was Reading International profitable in the fourth quarter 2025?
Operating loss was $976K (-1.9% of revenue) and net loss $2.6M.