Filing Flows › Rayonier Advanced Materials (RYAM) › Q4 2025
Rayonier Advanced Materials (RYAM) Q4 2025 earnings results (fourth quarter 2025)
10-K filed Mar 5, 2026
Rayonier Advanced Materials (RYAM) reported revenue of $418M for the fourth quarter 2025 (Q4 2025), -1% from a year earlier and +18% from the quarter before. Operating margin was 2.6%, net loss $21.0M (5.0% of revenue).
Rayonier Advanced Materials, Q4 2025: revenue $418M (-1% year over year), operating margin 2.6%, net loss $21.0M, operating cash flow $32.3M. The chart follows the revenue to costs, profit and cash.
| Q4 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $418M | +18% | -1% |
| Operating profit | $10.8M | +11% | — |
| Net earnings | −$21.0M | — | — |
| Operating cash flow | $32.3M | — | -41% |
| Free cash flow | $26.4M | — | -36% |
What changed
Revenue was $417.5M in Q4 2025, down 1% year over year and up 18% from the previous quarter.
Gross margin was 8.9%, up 0.1 points from a year earlier. Operating profit was $10.8M, a 2.6% margin (unchanged year over year). Operating expenses grew 1% against a revenue fall of 1%. The quarter ended with a net loss of $21.0M, wider than the previous quarter's $4.4M loss. Net interest and other expense of $31.7M was the main reason.
Operating cash flow was $32.3M (down 41% year over year). Non-cash charges added back $38.4M of depreciation and amortization and $793K of share-based compensation. Working capital and other items added $14.1M. Capital expenditures of $5.8M left free cash flow of $26.4M.
Questions
What was Rayonier Advanced Materials' revenue in the fourth quarter 2025?
Rayonier Advanced Materials (RYAM) reported revenue of $418M for the fourth quarter 2025 (Q4 2025), -1% from a year earlier and +18% from the quarter before.
Was Rayonier Advanced Materials profitable in the fourth quarter 2025?
Operating profit was $10.8M (2.6% of revenue) and net loss $21.0M.