Anaergia Q4 Revenue Climbs 111% to $71.7M, Adjusted EBITDA Turns Positive
Anaergia’s Q4 2025 revenue jumped 111% year-over-year to $71.7 million and full-year sales rose 61% to $180.2 million, while its revenue backlog swelled 149%. Strong margins lifted Q4 gross profit 79% to $16.1 million and delivered a positive Adjusted EBITDA of $4.2 million versus a $6.3 million loss.
1. Fiscal 2025 Revenue and Backlog Growth
Anaergia reported fourth-quarter 2025 revenue of $71.7 million, up 111% year-over-year, and full-year revenue of $180.2 million, a 61% increase. The company’s revenue backlog expanded 149%, reflecting a larger pipeline of future contracts.
2. Gross Profit and EBITDA Turnaround
In Q4 2025, gross profit reached $16.1 million, up 79% from the prior year, while full-year gross profit rose 82% to $46.8 million. The company recorded a positive Adjusted EBITDA of $4.2 million in Q4, compared with a loss of $6.3 million in Q4 2024, marking a notable operational improvement.
3. Valuation and Liquidity Metrics
Anaergia’s price-to-sales ratio stands at 3.17 and its enterprise-value-to-sales ratio at 3.44, indicating a relatively high valuation versus sales. A debt-to-equity ratio of –1.06 and current ratio of 0.72 suggest elevated liabilities and potential challenges covering short-term obligations.