NET Q4 2025 Earnings — Income Statement Breakdown
For its Q4 2025 period (ending 2025-12-31), NET reported revenue of $615M, gross profit of $453M (73.6% gross margin), operating income of −$49M, and net income of −$12M (-2.0% net margin). The flow of revenue into costs and profit is visualized below.
What changed
NET reported a net loss; revenue grew 9.3% quarter over quarter.
| Comparison | Revenue | Net income | Net margin |
|---|---|---|---|
| Year over year | Not available | Not available | Not available |
| Quarter over quarter | +9.3% | +86.6% | +14.1 pp |
Consensus estimate data is not available for this report.
NET Q4 2025 Income Statement
| Line item | Amount (USD) | % of revenue |
|---|---|---|
| Revenue | $615M | 100% |
| Cost of Revenue | −$162M | 26.4% |
| Gross Profit | $453M | 73.6% |
| Research & Development | −$142M | 23.1% |
| Selling, General & Administrative | −$360M | 58.6% |
| Operating Income | −$49M | -8.0% |
| Interest Expense | −$3M | 0.5% |
| Other Income, net | $42M | 6.8% |
| Income Tax Expense | −$2M | 0.3% |
| Net Income | −$12M | -2.0% |
Source: original SEC filing (filed 2026-02-10). Accession 0001477333-26-000008. Data normalized by EarningsFyi.