FINHUB Insights

Tesla Q4 FY25: where the revenue came from and where it went

The whole income statement of Tesla for this quarter, as one diagram: what earned the revenue, and what it went on.

Period
Oct 1 – Dec 31, 2025
Reported
Jan 29, 2026 10-K accession 0001628280-26-003952

Revenue$24.90B −3% year over year
Gross profit$5.01B 20% margin
Operating profit$1.41B 6% margin
Net profit$0.84B 3% margin
Sankey diagram of Tesla's income statement for Q4 FY25: revenue of $24.90 billion splits into segments and flows out into costs, taxes and net profit.

Figures in billions of dollars.

The numbers

All figures in billions of U.S. dollars, for Q4 FY25 (period ends Dec 31, 2025).
ItemValueShare of revenueYear over year
Revenue 24.90 100% −3%
Automotive sales 16.75 67% −10%
Energy sales 3.72 15% +26%
Services & other 3.37 14% +18%
Regulatory credits 0.54 2% −22%
Automotive leasing 0.40 2% −10%
Energy leasing 0.12 0% +2%
Cost of revenue−19.8980%
Gross profit5.0120% margin+4pp
R&D−1.787%+2pp
SG&A−1.666%+2pp
Other−0.161%+0pp
Operating profit1.416% margin+0pp
Interest & other costs−0.24
Tax−0.33
Net profit0.84 3% margin−5pp

Source of the numbers: structured XBRL data from the filing (10-K). The diagram is generated automatically and checked against EDGAR before release. The fourth quarter has no column of its own in an annual report, so it is the full year minus the first nine months. How we calculate it → About and methodology.

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