Filing Flows › Ring Energy (REI) › Q4 2025
Ring Energy (REI) Q4 2025 earnings results (fourth quarter 2025)
10-K filed Mar 4, 2026
Ring Energy (REI) reported revenue of $66.9M for the fourth quarter 2025 (Q4 2025), -20% from a year earlier and -15% from the quarter before. Operating margin was -37.6%, net loss $12.8M (19.2% of revenue).
Ring Energy, Q4 2025: revenue $66.9M (-20% year over year), operating margin -37.6%, net loss $12.8M, operating cash flow $44.7M. The chart follows the revenue to costs, profit and cash.
| Q4 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $66.9M | -15% | -20% |
| Operating profit | −$25.2M | — | — |
| Net earnings | −$12.8M | — | — |
| Operating cash flow | $44.7M | +0.4% | -5% |
| Free cash flow | $19.7M | -16% | +81% |
What changed
Revenue was $66.9M in Q4 2025, down 20% year over year and down 15% from the previous quarter.
Operating costs exceeded revenue by $25.2M, an operating margin of -37.6%. Total costs grew 54% against a revenue fall of 20%. The fastest-growing cost line was Other operating costs (+62%). The quarter ended with a net loss of $12.8M, narrower than the previous quarter's $51.6M loss. Non-operating items added $8.5M, -51% of pre-tax earnings, so the bottom line overstates operating performance.
Operating cash flow was $44.7M (down 5% year over year). Non-cash charges added back $23.0M of depreciation and amortization and $1.5M of share-based compensation. Working capital and other items added $33.1M. Capital expenditures of $25.0M left free cash flow of $19.7M.
Questions
What was Ring Energy's revenue in the fourth quarter 2025?
Ring Energy (REI) reported revenue of $66.9M for the fourth quarter 2025 (Q4 2025), -20% from a year earlier and -15% from the quarter before.
Was Ring Energy profitable in the fourth quarter 2025?
Operating loss was $25.2M (-37.6% of revenue) and net loss $12.8M.
Source: Ring Energy 10-K on SEC EDGAR.