Filing Flows › Tron (TRON) › Q4 2025
Tron (TRON) Q4 2025 earnings results (fourth quarter 2025)
10-K filed Mar 25, 2026
Tron (TRON) reported revenue of $1.2M for the fourth quarter 2025 (Q4 2025), +31% from a year earlier and +9% from the quarter before. Operating margin was -39.0%.
Tron, Q4 2025: revenue $1.2M (+31% year over year), operating margin -39.0%, net loss $29.8M, operating cash flow −$428K. The chart follows the revenue to costs, profit and cash.
| Q4 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $1.2M | +9% | +31% |
| Operating profit | −$469K | — | — |
| Net earnings | −$29.8M | -345% | — |
| Operating cash flow | −$428K | — | — |
What changed
Revenue was $1.2M in Q4 2025, up 31% year over year and up 9% from the previous quarter.
Gross margin was 28.3%, up 9.8 points from a year earlier. Operating costs exceeded revenue by $469K, an operating margin of -39.0%. Operating expenses fell 28% while revenue rose 31%. The quarter ended with a net loss of $29.8M, after a profit of $12.2M the previous quarter. Net interest and other expense of $32.8M was the main reason.
Operating cash flow was −$428K. Non-cash charges added back $160K of depreciation and amortization. Working capital and other items added $29.2M.
Questions
What was Tron's revenue in the fourth quarter 2025?
Tron (TRON) reported revenue of $1.2M for the fourth quarter 2025 (Q4 2025), +31% from a year earlier and +9% from the quarter before.
Was Tron profitable in the fourth quarter 2025?
Operating loss was $469K (-39.0% of revenue) and net loss $29.8M.
Source: Tron 10-K on SEC EDGAR.