TSLA · Q4 FY25 · Oct 1 – Dec 31, 2025
Tesla Q4 FY25: where the revenue came from and where it went
Tesla Q4 FY25: revenue $24.9B (−3% year over year). Net profit $0.8B. Largest cohort Automotive Sales $16.8B. The whole income statement as a sankey diagram from the SEC filing.
- Period
- Oct 1 – Dec 31, 2025
- Reported
- Jan 29, 2026
Tap the diagram to enlarge · figures in billions of dollars
Revenue$24.9B
−3% year over year
Gross profit$5B
20% margin
Operating profit$1.4B
6% margin
Net profit$0.8B
3% margin
The numbers
| Item | Value | Share of revenue | Year over year |
|---|---|---|---|
| Revenue | 24.9 | 100% | −3% |
| Automotive Sales | 16.8 | 67% | −10% |
| Energy Generation and… Sales | 3.7 | 15% | +26% |
| Services and Other | 3.4 | 14% | +18% |
| Automotive Regulatory Credits | 0.5 | 2% | −22% |
| Automotive Leasing | 0.4 | 2% | −10% |
| Energy Generation and… Leasing | 0.1 | 0% | +2% |
| Cost of revenue | −19.9 | 80% | |
| Gross profit | 5 | 20% margin | +4pp |
| Research & development | −1.7 | 7% | +2pp |
| SG&A | −1.7 | 7% | +2pp |
| Other | −0.2 | 1% | +0pp |
| Operating profit | 1.4 | 6% margin | +0pp |
| Tax | −0.4 | ||
| Interest & other costs | −0.2 | ||
| Net profit | 0.8 | 3% | −5pp |
Older quarters
-
Q2 FY26 6/2026Revenue $28.2B Net margin 4%
-
Q1 FY26 3/2026Revenue $22.4B Net margin 2%
-
Q3 FY25 9/2025Revenue $28.1B Net margin 5%
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