Eastman Kodak Company (KODK) experienced a 10.5% rise in stock price following its fourth-quarter 2025 earnings report, in contrast to a 1.1% drop in the S&P 500. Kodak reported Q4 revenues of $290 million, up 9% from $266 million year-over-year, but recorded a GAAP net loss of $108 million, a shift from a net income of $26 million in the same quarter last year.
For the entirety of 2025, Kodak achieved revenues of $1.069 billion, a 2% increase, yet experienced a net loss of $128 million, down from a net income of $102 million in 2024. Gross profit for the year rose by 14% to $232 million. The company’s operational EBITDA, a critical profitability metric, surged 138% year-over-year to $62 million, reflecting significant operational improvements despite the large GAAP losses, primarily driven by non-recurring charges associated with pension plan adjustments.
The Advanced Materials & Chemicals segment notably grew 25% to $85 million in Q4, while the Print segment increased by 4% to $195 million. Kodak ended 2025 with $337 million in cash, increased from $201 million in the prior year, showcasing improved cash flow despite ongoing operational challenges.
