Filing Flows › Trinseo (TSEOQ) › Q4 2025
Trinseo (TSEOQ) Q4 2025 earnings results (fourth quarter 2025)
10-K filed Mar 13, 2026
Trinseo (TSEOQ) reported revenue of $663M for the fourth quarter 2025 (Q4 2025), -19% from a year earlier and -11% from the quarter before. Operating margin was -24.7%, net loss $251M (37.9% of revenue).
Trinseo, Q4 2025: revenue $663M (-19% year over year), operating margin -24.7%, net loss $251M, operating cash flow $22.6M. The chart follows the revenue to costs, profit and cash.
| Q4 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $663M | -11% | -19% |
| Operating profit | −$164M | — | — |
| Net earnings | −$251M | — | — |
| Operating cash flow | $22.6M | — | -73% |
| Free cash flow | $6.6M | — | -90% |
What changed
Revenue was $662.6M in Q4 2025, down 19% year over year and down 11% from the previous quarter. Polymer Solutions was the largest line at 37% of revenue.
Gross margin was 4.2%, down 2.6 points from Q4 2024. Operating costs exceeded revenue by $163.7M, an operating margin of -24.7%. Operating expenses grew 91% against a revenue fall of 19%. The fastest-growing cost line was SG&A (+106%). The quarter ended with a net loss of $251.4M, wider than the previous quarter's $109.7M loss.
Operating cash flow was $22.6M (down 73% year over year). Non-cash charges added back $139.4M of depreciation and amortization and $700K of share-based compensation. Working capital and other items added $133.9M. After capital expenditures ($16.0M), free cash flow as the company reports it was $6.6M.
Questions
What was Trinseo's revenue in the fourth quarter 2025?
Trinseo (TSEOQ) reported revenue of $663M for the fourth quarter 2025 (Q4 2025), -19% from a year earlier and -11% from the quarter before.
Was Trinseo profitable in the fourth quarter 2025?
Operating loss was $164M (-24.7% of revenue) and net loss $251M.
Source: Trinseo 10-K on SEC EDGAR.