Filing Flows › Tradewinds Universal (TRWD) › Q4 2025
Tradewinds Universal (TRWD) Q4 2025 earnings results (fourth quarter 2025)
10-K filed Apr 15, 2026
Tradewinds Universal (TRWD) reported revenue of $35K for the fourth quarter 2025 (Q4 2025), +37% from a year earlier and -47% from the quarter before.
Tradewinds Universal, Q4 2025: revenue $35K (+37% year over year), net loss $758K, operating cash flow −$25K. The chart follows the revenue to costs, profit and cash.
| Q4 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $35K | -47% | +37% |
| Operating profit | −$758K | — | — |
| Net earnings | −$758K | — | — |
| Operating cash flow | −$25K | — | — |
What changed
Revenue was $35K in Q4 2025, up 37% year over year and down 47% from the previous quarter.
Gross margin was 100.0%, unchanged from Q4 2024. Operating costs exceeded revenue by $758K, an operating margin of -2179.4%. Operating expenses grew 1939% against revenue growth of 37%. The fastest-growing cost line was General & admin (+10045%). The quarter ended with a net loss of $758K, wider than the previous quarter's $108K loss.
Operating cash flow was −$25K. Non-cash charges added back $745K of share-based compensation. Working capital and other items used $11K.
Questions
What was Tradewinds Universal's revenue in the fourth quarter 2025?
Tradewinds Universal (TRWD) reported revenue of $35K for the fourth quarter 2025 (Q4 2025), +37% from a year earlier and -47% from the quarter before.