Filing Flows › Vaso (VASO) › Q4 2025
Vaso (VASO) Q4 2025 earnings results (fourth quarter 2025)
10-K filed Mar 31, 2026
Vaso (VASO) reported revenue of $27.0M for the fourth quarter 2025 (Q4 2025), -0.1% from a year earlier and +19% from the quarter before. Operating margin was -10.3%, net earnings $1.1M (4.2% of revenue).
Vaso, Q4 2025: revenue $27.0M (-0.1% year over year), operating margin -10.3%, net earnings $1.1M, operating cash flow $261K. The chart follows the revenue to costs, profit and cash.
| Q4 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $27.0M | +19% | -0.1% |
| Operating profit | −$2.8M | -281% | -230% |
| Net earnings | $1.1M | -34% | -47% |
| Operating cash flow | $261K | -91% | — |
What changed
Revenue was $27.0M in Q4 2025, roughly flat year over year and up 19% from the previous quarter. Professional Sales Services was the largest line at 59% of revenue.
Gross margin was 65.2%, up 1.5 points from Q4 2024. Operating costs exceeded revenue by $2.8M, an operating margin of -10.3%. Operating expenses grew 35% against flat revenue. The fastest-growing cost line was Other operating costs (+3144%). Net earnings were $1.1M, down 47% year over year. Non-operating items added $930K, -50% of pre-tax earnings, so the bottom line overstates operating performance.
Operating cash flow was $261K, 23% of net earnings. Non-cash charges added back $327K of depreciation and amortization and $8K of share-based compensation. Working capital and other items used $1.2M.
Questions
What was Vaso's revenue in the fourth quarter 2025?
Vaso (VASO) reported revenue of $27.0M for the fourth quarter 2025 (Q4 2025), -0.1% from a year earlier and +19% from the quarter before.
Was Vaso profitable in the fourth quarter 2025?
Operating loss was $2.8M (-10.3% of revenue) and net earnings $1.1M.
Source: Vaso 10-K on SEC EDGAR.