Sypris Solutions (SYPR) Q4 2025 earnings summary

Executive summary

• Fourth quarter revenue declined year-over-year due to lower demand from transportation-related customers, despite a 27.6% revenue increase at Sypris Electronics.

• Full-year 2025 revenue was $119.9 million, down from $140.2 million in 2024, with a net loss of $6.3 million compared to a $1.7 million loss the prior year.

• Orders for Sypris Electronics rose 58% year-to-date, driven by missile programs, defense upgrades, and secure communications.

• Backlog for energy products increased 23% from year-end 2024.

Financial highlights

• Q4 2025 revenue: $30.3 million, down from $33.4 million in Q4 2024.

• Q4 2025 net loss: $3.9 million ($0.17 per share) vs. net income of $0.1 million ($0.01 per share) in Q4 2024.

• Full-year 2025 net loss: $6.3 million ($0.28 per share) vs. $1.7 million loss ($0.08 per share) in 2024.

• Sypris Technologies Q4 revenue: $12.5 million, down from $19.5 million; gross profit margin fell to 10.2% from 22.5%.

• Sypris Electronics Q4 revenue: $17.7 million, up 27.6%; gross profit impacted by $1.0 million in excess/obsolete inventory charges.

Outlook and guidance

• Management expects operating conditions to improve in 2026, with replenishment cycles accelerating and robust demand in defense and energy markets.

• Anticipates increased demand for electronic warfare and secure communications due to geopolitical conflicts.