Filing Flows › HG Holdings (STLY) › Q4 2025
HG Holdings (STLY) Q4 2025 earnings results (fourth quarter 2025)
10-K filed Mar 27, 2026
HG Holdings (STLY) reported revenue of $3.8M for the fourth quarter 2025 (Q4 2025), +46% from a year earlier and -7% from the quarter before. Operating margin was -79.1%, net loss $296K (7.7% of revenue).
HG Holdings, Q4 2025: revenue $3.8M (+46% year over year), operating margin -79.1%, net loss $296K, operating cash flow −$2.4M. The chart follows the revenue to costs, profit and cash.
| Q4 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $3.8M | -7% | +46% |
| Operating profit | −$3.0M | -334% | — |
| Net earnings | −$296K | -124% | — |
| Operating cash flow | −$2.4M | -819% | — |
What changed
Revenue was $3.8M in Q4 2025, up 46% year over year and down 7% from the previous quarter.
Gross margin was 94.8%, up 5.7 points from Q4 2024. Operating costs exceeded revenue by $3.0M, an operating margin of -79.1%. Operating expenses grew 156% against revenue growth of 46%. The quarter ended with a net loss of $296K, after a profit of $1.3M the previous quarter.
Operating cash flow was −$2.4M. Non-cash charges added back $25K of depreciation and amortization. Working capital and other items used $2.1M.
Questions
What was HG Holdings' revenue in the fourth quarter 2025?
HG Holdings (STLY) reported revenue of $3.8M for the fourth quarter 2025 (Q4 2025), +46% from a year earlier and -7% from the quarter before.
Was HG Holdings profitable in the fourth quarter 2025?
Operating loss was $3.0M (-79.1% of revenue) and net loss $296K.
Source: HG Holdings 10-K on SEC EDGAR.