Tesla Q4 2025 revenue $24.9B, GAAP EPS $0.24; FY2025 revenue down 3%

Tesla reported Q4 2025 revenue of $24.9B, down 3% year over year, with a GAAP gross margin of 20.1% and GAAP net income of $840M. Full-year 2025 revenue was $94.8B and GAAP EPS was $1.08. Free cash flow was positive at $1.42B in Q4 and $6.2B for the year, and the release gave no dollar capex guidance for 2026.

• Q4 2025 revenue $24,901M (-3% YoY); FY 2025 revenue $94,827M (-3%)
• Q4 GAAP EPS $0.24, non-GAAP EPS $0.50; FY GAAP EPS $1.08, non-GAAP $1.66
• Q4 GAAP gross margin 20.1%; FY 18.0%
• Q4 free cash flow $1,420M; FY capex $8,527M

SEC filing 8-K · accession 0001628280-26-003837 · sec.gov ↗