Synergy CHC (SNYR) Q4 2025 earnings summary

Executive summary

• 2025 was a transitional year with strategic progress, including international expansion, new product launches, and expanded beverage distribution with key partners, setting up for significant growth in 2026.

• The international license agreement for U.A.E. and Turkey was terminated due to regional instability, resulting in a $2.5 million revenue reversal, but long-term market interest remains.

• A new subsidiary was established in Mexico, with initial shipments to Costco de México and strong early 2026 beverage sales.

Financial highlights

• Q4 2025 net revenue was $6.07 million, down 41% year-over-year; excluding license reversal, revenue was $8.97 million, down 12.7%.

• Q4 gross margin was 36.6% (63.3% prior year); excluding one-time items, gross margin would have been 68.8%.

• Q4 net loss was $14.82 million ($1.35/share) vs. net income of $105,700 ($0.01/share) in Q4 2024; adjusted net loss was $3.35 million.

• Full year 2025 revenue was $30.38 million vs. $34.83 million prior year; adjusted revenue was $33.28 million.

• Full year net loss was $12.34 million ($1.27/share) vs. net income of $2.12 million ($0.28/share) prior year; adjusted net loss was $3.03 million.

• Cash and equivalents at year-end were $2.6 million, up from $687.9 thousand a year ago.

Outlook and guidance

• 2026 expected to be a foundational growth year for the beverage division, with a $2.5 million run rate already achieved in Q1 and early 2026 gross revenue exceeding $600,000.

• TV advertising to resume in 2026, targeting at least a 15% lift in same-store sales.

• Gross margin anticipated to remain stable or increase, excluding one-time items.

• Focus on executing initiatives in Mexico and growing beverage and supplement businesses.

• Management expects 2026 to be a foundational year for scaling the beverage division and expanding national footprint.