NASDAQ$GSM

Ferroglobe Plc · Q4 2025 earnings

Q4 2025 earnings · · After market close · Investor relations

Briefing

Ferroglobe reported Q4 2025, revenue of $1.34B, net loss of $177.1M.

For Q4 2025, Ferroglobe reported revenue of $1.34B, a net loss of $177.1M. Management discusses segment performance, capital allocation, and outlook in the earnings release.

  • Revenue $1.34B.
  • Net loss $177.1M.
  • Ferroglobe highlights liquidity, operations, and 2026 priorities.

Headline financials

Total Revenue

$1.34B

Previous: $368M+263.3%
EPS (adj)

-$0.06

Previous: $0.03-300.0%
Adjusted EBITDA

$14.6M

Previous: $9.85M+48.2%
Operating Cash Flow

-$4.29M

Previous: $32.1M-113.4%
Capital Expenditures

$14.2M

Previous: $17.9M-20.7%
Total Cash

$123M

Previous: $133M-7.7%
Adjusted Gross Debt

$153M

Previous: $94.4M+61.9%
Net Debt

-$29.8M

Previous: $38.9M-176.6%
Total Working Capital

$428M

Previous: $461M-7.2%
Silicon Metal Shipments

32.6K

Previous: 49.8K-34.5%
Silicon Metal ASP

$2.96K

No prior period
Silicon Metal Adj EBITDA

$885K

Previous: $16.8M-94.7%
Silicon Metal Adj EBITDA Margin

0.9%

No prior period
Raw Materials & Energy

$262M

No prior period
Net Income

-$177M

Previous: -$46.4M-281.5%
Operating Income

-$84.5M

Previous: -$67.8M-24.6%
Gross Profit

$67.8M

No prior period

Revenue & EPS history

Ferroglobe · Revenue · Quarterly

$1.34B

Q4 2025+263.3%vs Q4 2024
Beat estimate in 7 of 14 quarters(50%)
ActualEstimate

Revenue by segment

Ferroglobe · $276M total across 3 segments · Q3 2025

  • Silicon Metal
    $99M
  • Silicon-Based Alloys
    $92.3M
  • Manganese-Based Alloys
    $84.4M

Forward guidance

The release discusses Ferroglobe's outlook for upcoming periods, including capital allocation, operating priorities, and market risks, without relying solely on numeric EPS bridges.

Tailwinds

  • Ferroglobe cites operational execution and demand trends supporting the outlook.
  • Balance sheet and liquidity actions aim to fund growth and returns.

Headwinds

  • GAAP profitability remained under pressure in Q4 2025.
  • Macro, pricing, and input-cost volatility could pressure margins.
  • Segment mix and one-time items may affect quarter-to-quarter comparability.

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 20 quarterly earnings reports · overlaid with Q4 2025

Historical avgQ4 2025

+0.8%

Avg return

Earnings day

+1.4%

Avg return

5 days after

+1.1%

Avg return

30 days after

60%

31 / 52 earnings

Positive

+31.3%

Q4 2018

Best reaction

-61.9%

Q3 2018

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q1 2026-16.1%-12.8%-12.6%
Q4 2025+4.4%+2.1%-22.4%
Q3 2025-8.2%-17.5%+3.3%
Q2 2025+9.5%-2.7%+5.9%
Q1 2025+2.4%+17.3%+20.8%
Q4 2024-5.0%-6.0%+0.0%
Q3 2024+1.9%-2.1%+0.0%
Q2 2024-1.0%-4.9%-11.5%
Q1 2024+9.9%+10.6%-0.2%
Q3 2023+3.8%-2.2%+34.9%
Q2 2023+6.4%+15.7%+12.8%
Q1 2023+3.4%+11.4%+21.3%
Q4 2022+15.6%+13.3%+2.5%
Q3 2022-19.3%-22.0%-38.4%
Q2 2022+7.9%+3.9%+3.8%
Q1 2022+13.9%+23.7%+27.4%
Q4 2021+19.8%+15.4%+7.9%
Q3 2021-7.1%-11.6%-16.6%
Q2 2021+8.7%+29.2%+33.9%
Q1 2021+6.2%+4.6%+27.3%
Q4 2020-10.7%-14.7%+1.1%
Q3 2020+22.3%+48.4%+68.8%
Q2 2020-2.7%-13.7%+31.4%
Q1 2020-6.0%-15.7%-38.6%
Q4 2019-7.8%-31.2%-46.2%
Q3 2019+8.5%+21.9%+46.9%
Q2 2019-8.4%-6.9%-25.2%
Q1 2019+4.1%+10.8%+20.9%
Q4 2018+31.3%+30.3%-2.4%
Q3 2018-61.9%-53.2%-65.3%
Q2 2018-2.9%+2.1%+3.6%
Q1 2018+7.7%-5.8%-16.9%
Q4 2017+4.6%+7.9%-30.6%
Q3 2017-2.3%-1.2%+0.1%
Q2 2017-4.3%+4.2%-4.6%
Q1 2017+8.7%+16.8%+14.0%
Q4 2016+7.3%+2.7%-1.4%
Q3 2016+1.6%-0.3%-0.3%
Q2 2016-16.0%-14.7%-11.5%
Q1 2016+0.9%
Q4 2015+1.0%
Q3 2015+10.4%
Q2 2015-4.7%
Q1 2015+0.2%
Q4 2014+6.3%
Q3 2014+2.2%
Q2 2014+4.0%
Q1 2014-0.9%
Q4 2013+2.6%
Q3 2013-4.0%
Q2 2013-0.6%
Q1 2013-6.1%

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