Gerdau S.A. (GGB) Releases Q4 2025 Earnings: Revenue Up but Operating and Net Losses

By: Quiver EarningsTracker

Posted: 1 month, 1 week ago / Feb. 23, 2026 9:55 p.m. UTC

GGB

Gerdau S.A. (GGB) reported fourth-quarter 2025 results showing revenue growth alongside an operating and net loss as margins were pressured by rising costs.

Revenues: $3.1 billion, up 13.1% year-over-year.

Cost of sales: $3.0 billion, up 24.3% year-over-year.

Gross profit: $335.1 million, up 2.5% year-over-year.

Operating result: loss of $143.4 million, a deterioration of 220.0% year-over-year.

Net income attributable to common shareholders: loss of $234.6 million, a decline of 2,233.1% year-over-year; diluted earnings per share: -$0.33 per share.

Cash flow from operating activities: $570.6 million, up 26.5% year-over-year.

Purchases of property, plant and equipment: $266.5 million (cash outflow), down 11.8% year-over-year.

Cash and cash equivalents: $1.1 billion, down 14.5% year-over-year.

Total liabilities: $5.1 billion, up 9.1% year-over-year.

Note: This financials data is sourced from a third-party provider and has not been independently verified by Quiver.

Gerdau S.A. Hedge Fund Activity

We have seen 83 institutional investors add shares of Gerdau S.A. stock to their portfolio, and 97 decrease their positions in their most recent quarter.

Here are some of the largest recent moves:

BANK OF AMERICA CORP /DE/ removed 15,779,828 shares (-99.3%) from their portfolio in Q4 2025, for an estimated $58,227,565
FMR LLC added 13,353,499 shares (+15.7%) to their portfolio in Q4 2025, for an estimated $49,274,411
DONALD SMITH & CO., INC. added 7,982,296 shares (+49.2%) to their portfolio in Q4 2025, for an estimated $29,454,672
UBS AM, A DISTINCT BUSINESS UNIT OF UBS ASSET MANAGEMENT AMERICAS LLC removed 7,829,499 shares (-98.3%) from their portfolio in Q4 2025, for an estimated $28,890,851
RENAISSANCE TECHNOLOGIES LLC removed 4,645,824 shares (-42.8%) from their portfolio in Q4 2025, for an estimated $17,143,090
CITADEL ADVISORS LLC added 4,059,885 shares (+202.2%) to their portfolio in Q4 2025, for an estimated $14,980,975
TWO SIGMA INVESTMENTS, LP removed 3,740,143 shares (-49.9%) from their portfolio in Q4 2025, for an estimated $13,801,127

To track hedge funds' stock portfolios, check out Quiver Quantitative's institutional holdings dashboard.