Parrot (PARRO) Q4 2025 TU earnings summary

Executive summary

• Achieved record fourth-quarter revenues of €29.2m, up 15% at constant exchange rates year-over-year.

• Full-year 2025 revenues reached €79.8m, a 6% increase at constant exchange rates.

• Both professional micro-UAV and photogrammetry business lines were slightly profitable in H2 2025, with no cash consumption during the period.

Financial highlights

• Q4 2025 consolidated revenues: €29.2m, up from €26.4m in Q4 2024.

• Professional micro-UAVs: €19.9m in Q4 2025, up 3% year-over-year; €47.9m for FY 2025.

• Photogrammetry: €9.2m in Q4 2025, up 30% year-over-year; €31.8m for FY 2025.

• Group revenues for FY 2025: €79.8m, up 6% at constant exchange rates.

Outlook and guidance

• Expects significant growth in Q1 2026 compared to Q1 2025.

• Major micro-UAV contracts secured, providing a solid foundation for 2026.

• Full-year trajectory depends on contracting timelines, but procurement structuring and certifications are improving visibility.

• Photogrammetry business acceleration expected to continue, driven by subscriptions and new solutions.