NASDAQ$OTLY
Oatly Group AB · Q4 2025 earnings
Q4 2025 earnings · · Before market open · Investor relations
Briefing
Oatly FY 2025: $862M revenue (+4.7%), $(153)M net loss as volume grows 5.3% to 593M liters
Oatly Group reported full-year 2025 revenue of $862.5 million, up 4.7% from $823.7 million in 2024, driven by volume growth in Europe & International and Greater China partially offset by North America foodservice declines. Sold finished goods volume rose 5.3% to 593.1 million liters. The company posted a net loss of $153.1 million ($0.25 per share, $5.03 per ADS) versus a $202.3 million loss in 2024. Gross profit was $277.1 million and operating loss $67.7 million. Cash and equivalents were $64.3 million at year-end. Oatly refinanced its capital structure in Q3 2025 with SEK 1.7B Nordic Bonds and a new SSRCF, prepaid Term Loan B, and initiated a strategic review of its Greater China business.
- Revenue grew 4.7% to $862.5M; constant-currency growth was 2.2% excluding a $21M FX tailwind.
- Volume increased 5.3% to 593.1M liters sold; produced volume 594.9M liters (+3.2%).
- Net loss narrowed to $153.1M from $202.3M; EPS $(0.25) per share, $(5.03) per ADS.
- Headcount reduced by 94 to 1,388 employees; restructuring costs $4.9M in 2025.
- 2026 capex expected $20–30M; strategic review of Greater China business ongoing with no set timetable.
Headline financials
Revenue & EPS history
Oatly · Revenue · Quarterly
$862M
Revenue by segment
Oatly · $228M total across 3 segments · Q1 2026
- Europe & International$137M—59.9%
- North America$62.2M—27.2%
- Greater China$29.3M—12.8%
Forward guidance
Oatly expects 2026 capital expenditures of $20–30 million primarily for production facilities. A strategic review of Greater China may result in a carve-out; no definitive timetable provided.
Tailwinds
- Revenue and volume growth continuing in Europe & International and Greater China
- Loss narrowed year-over-year with gross profit up to $277M
Headwinds
- North America volumes pressured by largest foodservice customer sourcing decisions
- Macroeconomic and geopolitical risks may affect consumer demand and supply chain costs
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 16 quarterly earnings reports · overlaid with Q4 2025
-4.1%
Avg return
Earnings day
-6.4%
Avg return
5 days after
-7.6%
Avg return
30 days after
41%
7 / 17 earnings
Positive
+17.0%
Q1 2024
Best reaction
-24.4%
Q2 2023
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q1 2026 | +3.0% | +2.6% | -16.0% | |
| Q4 2025 | +10.7% | +9.7% | -7.7% | |
| Q3 2025 | -3.5% | -5.0% | -20.9% | |
| Q2 2025 | +0.5% | -2.6% | +16.8% | |
| Q3 2024 | -15.0% | -25.6% | -24.4% | |
| Q1 2024 | +17.0% | +23.0% | +7.0% | |
| Q4 2023 | -9.3% | -13.3% | -26.5% | |
| Q3 2023 | -10.0% | -11.7% | +85.0% | |
| Q2 2023 | -24.4% | -29.5% | -42.4% | |
| Q1 2023 | +4.7% | -2.3% | -9.3% | |
| Q4 2022 | +5.3% | +18.0% | +10.7% | |
| Q3 2022 | -16.7% | -20.4% | -44.9% | |
| Q2 2022 | -9.9% | +1.3% | -19.4% | |
| Q1 2022 | +3.2% | -12.9% | +16.0% | |
| Q4 2021 | -6.3% | -17.8% | -22.3% | |
| Q3 2021 | -13.9% | -15.0% | -31.5% | |
| Q2 2021 | -5.6% | -7.4% | +0.6% | |
| Q1 2021 | — | — | — | |
| Q4 2020 | — | — | — | |
| Q3 2020 | — | — | — | |
| Q2 2020 | — | — | — | |
| Q1 2020 | — | — | — |
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