Filing Flows › Surrozen (SRZN) › Q4 2025
Surrozen (SRZN) Q4 2025 earnings results (fourth quarter 2025)
10-K filed Mar 23, 2026
Surrozen (SRZN) reported revenue of $528K for the fourth quarter 2025 (Q4 2025), -19% from a year earlier and -46% from the quarter before.
Surrozen, Q4 2025: revenue $528K (-19% year over year), net loss $183M, operating cash flow −$5.8M. The chart follows the revenue to costs, profit and cash.
| Q4 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $528K | -46% | -19% |
| Operating profit | −$12.6M | — | — |
| Net earnings | −$183M | — | — |
| Operating cash flow | −$5.8M | — | -267% |
What changed
Revenue was $528K in Q4 2025, down 19% year over year and down 46% from the previous quarter.
Operating costs exceeded revenue by $12.6M, an operating margin of -2393.8%. Total costs grew 42% against a revenue fall of 19%. The fastest-growing cost line was Research & development (+68%). The quarter ended with a net loss of $183.2M, wider than the previous quarter's $71.6M loss. Net interest and other expense of $170.5M was the main reason.
Operating cash flow was −$5.8M. Non-cash charges added back $45K of depreciation and amortization and $1.0M of share-based compensation. Working capital and other items added $176.3M. Capital expenditures of $59K exceeded it, leaving free cash flow of −$5.9M.
Questions
What was Surrozen's revenue in the fourth quarter 2025?
Surrozen (SRZN) reported revenue of $528K for the fourth quarter 2025 (Q4 2025), -19% from a year earlier and -46% from the quarter before.
Source: Surrozen 10-K on SEC EDGAR.