Filing Flows › LendingTree (TREE) › Q4 2025
LendingTree (TREE) Q4 2025 earnings results (fourth quarter 2025)
10-K filed Mar 9, 2026
LendingTree (TREE) reported revenue of $320M for the fourth quarter 2025 (Q4 2025), +22% from a year earlier and +4% from the quarter before. Operating margin was 7.0%, net earnings $145M (45.2% of revenue).
LendingTree, Q4 2025: revenue $320M (+22% year over year), operating margin 7.0%, net earnings $145M, operating cash flow $16.5M. The chart follows the revenue to costs, profit and cash.
| Q4 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $320M | +4% | +22% |
| Gross profit | $93.4M | -1% | +6% |
| Operating profit | $22.2M | -23% | +24% |
| Net earnings | $145M | 14× | 19× |
| Operating cash flow | $16.5M | -43% | +2% |
| Free cash flow | $13.5M | -47% | +0.8% |
What changed
Revenue was $319.7M in Q4 2025, up 22% year over year and up 4% from the previous quarter. Insurance was the largest line at 67% of revenue.
Gross margin was 29.2%, down 4.4 points from a year earlier. Operating profit was $22.2M, a 7.0% margin (up 0.1 points year over year). Of the extra revenue versus a year earlier, 7% reached operating profit, above the 7% margin then. Operating expenses grew 2% against revenue growth of 22%. Net earnings were $144.7M, up 1827% year over year. The tax line was a benefit of $131.2M on pre-tax earnings of $13.5M.
Operating cash flow was $16.5M (up 2% year over year), 11% of net earnings. Non-cash charges added back $5.2M of depreciation and amortization and $9.4M of share-based compensation. Working capital and other items used $142.7M. Capital expenditures of $3.0M left free cash flow of $13.5M.
Questions
What was LendingTree's revenue in the fourth quarter 2025?
LendingTree (TREE) reported revenue of $320M for the fourth quarter 2025 (Q4 2025), +22% from a year earlier and +4% from the quarter before.
Was LendingTree profitable in the fourth quarter 2025?
Operating profit was $22.2M (7.0% of revenue) and net earnings $145M.
Source: LendingTree 10-K on SEC EDGAR.