Filing Flows › Spindletop Oil & Gas (SPND) › Q4 2025
Spindletop Oil & Gas (SPND) Q4 2025 earnings results (fourth quarter 2025)
10-K filed Apr 15, 2026
Spindletop Oil & Gas (SPND) reported revenue of $1.2M for the fourth quarter 2025 (Q4 2025), +2% from a year earlier and +30% from the quarter before. Operating margin was -214.7%, net loss $2.2M (173.8% of revenue).
Spindletop Oil & Gas, Q4 2025: revenue $1.2M (+2% year over year), operating margin -214.7%, net loss $2.2M, operating cash flow −$1.2M. The chart follows the revenue to costs, profit and cash.
| Q4 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $1.2M | +30% | +2% |
| Operating profit | −$2.7M | — | — |
| Net earnings | −$2.2M | -1139% | — |
| Operating cash flow | −$1.2M | -266% | — |
What changed
Revenue was $1.2M in Q4 2025, up 2% year over year and up 30% from the previous quarter.
Operating costs exceeded revenue by $2.7M, an operating margin of -214.7%. Total costs grew 77% against revenue growth of 2%. The fastest-growing cost line was Other operating costs (+141%). The quarter ended with a net loss of $2.2M, after a profit of $209K the previous quarter.
Operating cash flow was −$1.2M. Non-cash charges added back $69K of depreciation and amortization. Working capital and other items added $911K.
Questions
What was Spindletop Oil & Gas' revenue in the fourth quarter 2025?
Spindletop Oil & Gas (SPND) reported revenue of $1.2M for the fourth quarter 2025 (Q4 2025), +2% from a year earlier and +30% from the quarter before.
Was Spindletop Oil & Gas profitable in the fourth quarter 2025?
Operating loss was $2.7M (-214.7% of revenue) and net loss $2.2M.