Filing Flows › Sabre (SABR) › Q4 2025
Sabre (SABR) Q4 2025 earnings results (fourth quarter 2025)
10-K filed Feb 18, 2026
Sabre (SABR) reported revenue of $667M for the fourth quarter 2025 (Q4 2025), +3% from a year earlier and -7% from the quarter before. Operating margin was 3.2%, net loss $104M (15.5% of revenue).
Sabre, Q4 2025: revenue $667M (+3% year over year), operating margin 3.2%, net loss $104M, operating cash flow $139M. The chart follows the revenue to costs, profit and cash.
| Q4 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $667M | -7% | +3% |
| Operating profit | $21.3M | -77% | — |
| Net earnings | −$104M | -112% | — |
| Operating cash flow | $139M | +313% | +84% |
| Free cash flow | $116M | — | +90% |
What changed
Revenue was $666.5M in Q4 2025, up 3% year over year and down 7% from the previous quarter. Distribution was the largest line at 79% of revenue.
Operating profit was $21.3M, a 3.2% margin (down 3.9 points year over year). Operating profit fell $24.8M even though revenue rose $21.7M versus a year earlier, so costs grew faster than sales. Total costs grew 8% against revenue growth of 3%. The fastest-growing cost line was SG&A (+11%). The quarter ended with a net loss of $103.5M, after a profit of $848.5M the previous quarter. Net interest and other expense of $129.7M was the main reason.
Operating cash flow was $139.3M (up 84% year over year). Non-cash charges added back $27.9M of depreciation and amortization and $10.9M of share-based compensation. Working capital and other items added $204.0M. After itions to property and equipment ($23.5M), free cash flow as the company reports it was $115.8M.
Questions
What was Sabre's revenue in the fourth quarter 2025?
Sabre (SABR) reported revenue of $667M for the fourth quarter 2025 (Q4 2025), +3% from a year earlier and -7% from the quarter before.
Was Sabre profitable in the fourth quarter 2025?
Operating profit was $21.3M (3.2% of revenue) and net loss $104M.
Source: Sabre 10-K on SEC EDGAR.