TSLA Q4 2025 Earnings — Income Statement Breakdown
For its Q4 2025 period (ending 2025-12-31), TSLA reported revenue of $24.9B, gross profit of $5.0B (20.1% gross margin), operating income of $1.4B, and net income of $840M (3.4% net margin). The flow of revenue into costs and profit is visualized below.
What changed
TSLA was profitable; revenue fell 3.1% year over year, and EPS missed consensus by $0.03.
| Comparison | Revenue | Net income | Net margin |
|---|---|---|---|
| Year over year | −3.1% | −60.5% | Not available |
| Quarter over quarter | −11.4% | −38.8% | −1.5 pp |
EPS was $0.31 versus $0.34 expected.
TSLA Q4 2025 Income Statement
| Line item | Amount (USD) | % of revenue |
|---|---|---|
| Revenue | $24.9B | 100% |
| Cost of Revenue | −$19.9B | 79.9% |
| Gross Profit | $5.0B | 20.1% |
| Research & Development | −$1.8B | 7.2% |
| Selling, General & Administrative | −$1.7B | 6.6% |
| Other Operating Expenses | −$162M | 0.7% |
| Operating Income | $1.4B | 5.7% |
| Interest Expense | −$85M | 0.3% |
| Other Income, net | −$228M | 0.9% |
| Income Tax Expense | −$325M | 1.3% |
| Net Income | $840M | 3.4% |
Source: original SEC filing (filed 2026-01-02). Accession 0001628280-26-000016. Data normalized by EarningsFyi.