Filing Flows › Tennant (TNC) › Q4 2025
Tennant (TNC) Q4 2025 earnings results (fourth quarter 2025)
10-K filed Feb 24, 2026
Tennant (TNC) reported revenue of $292M for the fourth quarter 2025 (Q4 2025), -11% from a year earlier and -4% from the quarter before. Operating margin was -1.4%, net loss $4.4M (1.5% of revenue).
Tennant, Q4 2025: revenue $292M (-11% year over year), operating margin -1.4%, net loss $4.4M, operating cash flow $14.2M. The chart follows the revenue to costs, profit and cash.
| Q4 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $292M | -4% | -11% |
| Operating profit | −$4.2M | -119% | — |
| Net earnings | −$4.4M | -130% | — |
| Operating cash flow | $14.2M | -51% | -62% |
| Free cash flow | $9.7M | -57% | -65% |
What changed
Revenue was $291.6M in Q4 2025, down 11% year over year and down 4% from the previous quarter. Equipment was the largest line at 57% of revenue.
Gross margin was 34.6%, down 6.8 points from a year earlier. Operating costs exceeded revenue by $4.2M, an operating margin of -1.4%. Operating expenses fell 18% while revenue fell 11%. The quarter ended with a net loss of $4.4M, after a profit of $14.9M the previous quarter.
Operating cash flow was $14.2M (down 62% year over year). Non-cash charges added back $15.3M of depreciation and amortization and $1.8M of share-based compensation. Working capital and other items added $1.5M. Capital expenditures of $4.5M left free cash flow of $9.7M.
Questions
What was Tennant's revenue in the fourth quarter 2025?
Tennant (TNC) reported revenue of $292M for the fourth quarter 2025 (Q4 2025), -11% from a year earlier and -4% from the quarter before.
Was Tennant profitable in the fourth quarter 2025?
Operating loss was $4.2M (-1.4% of revenue) and net loss $4.4M.
Source: Tennant 10-K on SEC EDGAR.