Filing Flows › Werner Enterprises (WERN) › Q4 2025
Werner Enterprises (WERN) Q4 2025 earnings results (fourth quarter 2025)
10-K filed Feb 26, 2026
Werner Enterprises (WERN) reported revenue of $738M for the fourth quarter 2025 (Q4 2025), -2% from a year earlier and -4% from the quarter before. Operating margin was -4.9%, net loss $35.3M (4.8% of revenue).
Werner Enterprises, Q4 2025: revenue $738M (-2% year over year), operating margin -4.9%, net loss $35.3M, operating cash flow $62.3M. The chart follows the revenue to costs, profit and cash.
| Q4 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $738M | -4% | -2% |
| Operating profit | −$35.8M | — | — |
| Net earnings | −$35.3M | — | — |
| Operating cash flow | $62.3M | +41% | -12% |
What changed
Revenue was $737.6M in Q4 2025, down 2% year over year and down 4% from the previous quarter. Truckload Transportation Services was the largest line at 69% of revenue.
Operating costs exceeded revenue by $35.8M, an operating margin of -4.9%. Total costs grew 4% against a revenue fall of 2%. The quarter ended with a net loss of $35.3M, wider than the previous quarter's $21.1M loss. Minority interests bore $7.5M of it: to shareholders the quarter was a loss of $27.8M.
Operating cash flow was $62.3M (down 12% year over year). Non-cash charges added back $3.0M of share-based compensation. Working capital and other items added $94.6M. Capital expenditures of $85.8M exceeded it, leaving free cash flow of −$23.5M.
Questions
What was Werner Enterprises' revenue in the fourth quarter 2025?
Werner Enterprises (WERN) reported revenue of $738M for the fourth quarter 2025 (Q4 2025), -2% from a year earlier and -4% from the quarter before.
Was Werner Enterprises profitable in the fourth quarter 2025?
Operating loss was $35.8M (-4.9% of revenue) and net loss $35.3M.
Source: Werner Enterprises 10-K on SEC EDGAR.