AVALON HOLDINGS CORPORATION ANNOUNCES 2025 FULL YEAR AND FOURTH QUARTER RESULTS

Rhea-AI Summary

Avalon Holdings Corporation (NYSE Amex: AWX) reported fourth-quarter 2025 net operating revenues of $21.5 million, up from $17.6 million in Q4 2024, and full-year 2025 net operating revenues of $83.6 million versus $83.8 million in 2024. Avalon recorded a Q4 2025 net loss attributable to common shareholders of $0.4 million and full-year 2025 net income attributable to common shareholders of $0.3 million ($0.08 basic EPS). The company provides waste management, landfill and salt water injection well operations, and operates resort, hotel and golf course businesses in selected northeastern and midwestern U.S. markets.

Positive

• Q4 net operating revenues increased to $21.5M (+21.7% YoY)
• Cash and cash equivalents rose to $4.114M from $2.803M
• Full-year net income remained positive at $0.3M in 2025

Negative

• Full-year net income declined to $0.3M from $1.318M (~76% decline)
• Basic EPS fell to $0.08 from $0.34 year-over-year
• Operating income decreased to $2.025M from $3.075M

News Market Reaction – AWX

-1.15%

-1.15% Session close to close

In the Mar 20 session, AWX declined 1.15%, reflecting a mild negative market reaction.

Data tracked by StockTitan Argus on the day of publication.

Market Context

This announcement details 2025 results showing Q4 net operating revenues rising to $21.5M and the qu...

Analysis

This announcement details 2025 results showing Q4 net operating revenues rising to $21.5M and the quarterly loss narrowing, but full‑year net income falling to $0.3M with EPS down to $0.08. Segment data highlight stable golf revenues and modest waste management growth. The balance sheet shows cash of $4.114M and total assets of $87.381M. Investors may watch segment profitability, debt servicing capacity and future earnings trends in upcoming filings.

Key Figures

Q4 2025 net operating revenues: $21.5M Q4 2025 net loss: $0.4M Q4 2025 basic EPS: ($0.09) +5 more

8 metrics

Q4 2025 net operating revenues $21.5M vs $17.6M in Q4 2024

Q4 2025 net loss $0.4M vs $0.5M net loss in Q4 2024

Q4 2025 basic EPS ($0.09) vs ($0.13) in Q4 2024

FY 2025 net operating revenues $83.6M vs $83.8M in FY 2024

FY 2025 net income $0.3M vs $1.3M in FY 2024

FY 2025 basic EPS $0.08 vs $0.34 in FY 2024

Cash and cash equivalents $4.114M at Dec 31, 2025 vs $2.803M at Dec 31, 2024

Total assets $87.381M at Dec 31, 2025 vs $86.186M at Dec 31, 2024

Historical Context

1 past event · Latest: Nov 07 (Positive)

Pattern 1 events

Date	Event	Sentiment	24h Move	Catalyst
Nov 07	Earnings results	Positive	+6.3%	Q3 2025 revenues and EPS improved versus prior-year quarter.

24h Move is the share-price change in the day after each event; other market factors may also have contributed.

Pattern Detected

Limited history shows one prior earnings report with positive metrics that coincided with a positive price reaction.

Recent Company History

On Nov 7, 2025, Avalon reported Q3 2025 earnings with higher net operating revenues ($25.7M vs $24.2M) and slightly improved EPS ($0.49 vs $0.47), and the stock rose about 6.32% the next day. That report also showed nine‑month revenues and earnings below the prior year. Today’s full‑year and Q4 2025 release continues this mixed pattern of segment strength alongside year‑over‑year pressure on annual profitability.

Key Terms

operating lease right-of-use assets, asset retirement obligation, line of credit, finance leases

4 terms

operating lease right-of-use assets financial

"Operating lease right-of-use assets | 1,379 | | 1,383"

An operating lease right-of-use (ROU) asset is an accounting entry that shows the value of a leased item you have the legal right to use—like a building, vehicle, or equipment—recorded on a company’s balance sheet along with the corresponding lease obligation. Investors care because it adds to reported assets and liabilities, changing measures like leverage and return on assets much like bringing a long-term rental onto the company’s financial snapshot, which can affect credit terms and valuation.

asset retirement obligation financial

"Asset retirement obligation | 100 | | 100"

A liability recorded for the future cost to retire, dismantle or clean up a long-lived asset — for example removing an oil rig, closing a mine, or decommissioning a plant. Investors care because it reduces reported profit and ties up capital: companies must estimate and set aside money now for a known future expense, and changes to that estimate can swing earnings, debt ratios and the company’s cash needs much like setting aside savings to repair or return a rented property later.

line of credit financial

"Line of credit | 3,200 | | 3,200"

A line of credit is a flexible borrowing arrangement that lets a company draw money up to a preset limit, repay it, and borrow again as needed—similar to a business credit card or an emergency tap on a savings account. It matters to investors because it shows how a firm manages short-term cash needs and growth funding without taking a single large loan; access, cost, and attached conditions can affect liquidity, interest expenses and financial risk.

finance leases financial

"Property and equipment under finance leases, net | 6,267 | | 5,647"

A finance lease is a long-term rental arrangement where a company takes on most of the risks and rewards of owning an asset—like equipment or property—while making scheduled payments instead of a single purchase. Think of it like buying something on an installment plan: the item appears on the company’s books as an asset and a matching obligation, which affects reported debt, profits and cash flow and therefore can change how investors view the company’s financial strength and valuation.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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WARREN, Ohio, March 19, 2026 /PRNewswire/ -- Avalon Holdings Corporation (NYSE Amex:AWX) today announced financial results for the fourth quarter and fiscal year ended December 31, 2025.

Net operating revenues in the fourth quarter of 2025 were $21.5 million compared with $17.6 million in the fourth quarter of 2024. The Company recorded a net loss attributable to Avalon Holdings Corporation common shareholders of $0.4 million in the fourth quarter of 2025 compared with a net loss attributable to Avalon Holdings Corporation common shareholders of $0.5 million in the fourth quarter of 2024. For the fourth quarter of 2025, basic net loss per share attributable to Avalon Holdings Corporation common shareholders was $0.09 compared with basic net loss per share attributable to Avalon Holdings Corporation common shareholders of $0.13 in the fourth quarter of 2024.

For the year ended December 31, 2025, net operating revenues were $83.6 million compared with $83.8 million for the year ended December 31, 2024. The Company recorded a net income attributable to Avalon Holdings Corporation common shareholders of $0.3 million for the year ended December 31, 2025 compared with a net income attributable to Avalon Holdings Corporation common shareholders of $1.3 million for the year ended December 31, 2024. For the year ended December 31, 2025, basic net income per share attributable to Avalon Holdings Corporation common shareholders was $0.08 compared with basic net income per share attributable to Avalon Holdings Corporation common shareholders of $0.34 for year ended December 31, 2024.

Avalon Holdings Corporation provides waste management services to industrial, commercial, municipal and governmental customers in selected northeastern and midwestern U.S. markets, captive landfill management services and salt water injection well operations. Avalon Holdings Corporation also owns Avalon Resorts and Clubs Inc., which includes the operation of a hotel and its associated resort amenities, four golf courses and related country clubs and a multipurpose recreation center.

 

AVALON HOLDINGS CORPORATION AND SUBSIDIARIES
Condensed Consolidated Statements of Operations (Unaudited)
(in thousands, except for per share amounts)
	Three Months Ended				Year Ended
	December 31,				December 31,
	2025		2024		2025		2024
Net operating revenues:
Waste management services	$          13,673		$            9,771		$          46,010		$          45,922
Food, beverage and merchandise sales	2,909		2,915		13,247		13,537
Other golf and related operations	4,897		4,959		24,288		24,336
Total golf and related operations	7,806		7,874		37,535		37,873
Total net operating revenues	21,479		17,645		83,545		83,795
Costs and expenses:
Waste management services operating costs	10,865		7,568		36,195		35,940
Cost of food, beverage and merchandise	1,382		1,388		6,069		6,105
Golf and related operations operating costs	5,548		5,596		24,949		24,521
Depreciation and amortization expense	937		949		3,803		3,906
Selling, general and administrative expenses	2,668		2,278		10,504		10,248
Operating (loss) income	79		(134)		2,025		3,075
Other income (expense):
Interest expense	(510)		(509)		(2,042)		(2,040)
Other income, net	-		-		-		7
Income (loss) before income taxes	(431)		(643)		(17)		1,042
Provision for income taxes	(18)		(36)		82		90
Net income (loss)	(413)		(607)		(99)		952
Less net loss attributable to non-controlling interest in subsidiaries	(57)		(110)		(420)		(366)
Net income (loss) attributable to Avalon Holdings Corporation common shareholders	$             (356)		$             (497)		$               321		$            1,318
Income (loss) per share attributable to Avalon Holdings Corporation common shareholders:
Basic net income (loss) per share	$            (0.09)		$            (0.13)		$              0.08		$              0.34
Weighted average shares outstanding - basic	3,899		3,899		3,899		3,899

 

AVALON HOLDINGS CORPORATION AND SUBSIDIARIES
Condensed Consolidated Balance Sheets (Unaudited)
(in thousands)
	December 31,		December 31,
	2025		2024
Assets
Current Assets:
Cash and cash equivalents	$               4,114		$               2,803
Accounts receivable, net	9,819		8,595
Unbilled membership dues receivable	541		582
Inventories	1,555		1,558
Prepaid expenses	919		1,003
Other current assets	15		15
Total current assets	16,963		14,556
Property and equipment, net	53,982		55,582
Property and equipment under finance leases, net	6,267		5,647
Operating lease right-of-use assets	1,379		1,383
Restricted cash	8,730		8,958
Noncurrent deferred tax asset, net	32		27
Other assets, net	28		33
Total assets	$             87,381		$             86,186
Liabilities and Equity
Current liabilities:
Current portion of long term debt	$                  614		$                  575
Current portion of obligations under finance leases	384		201
Current portion of obligations under operating leases	362		365
Accounts payable	7,984		7,116
Accrued payroll and other compensation	1,244		1,064
Accrued taxes	660		594
Deferred membership dues revenue	3,529		3,524
Other liabilities and accrued expenses	2,054		2,024
Total current liabilities	16,831		15,463
Long term debt, net of current portion	28,032		28,646
Line of credit	3,200		3,200
Obligations under finance leases, net of current portion	1,248		707
Obligations under operating leases, net of current portion	1,017		1,018
Asset retirement obligation	100		100
Equity:
Total Avalon Holdings Corporation Shareholders' Equity	38,355		38,034
Non-controlling interest in subsidiaries	(1,402)		(982)
Total shareholders' equity	36,953		37,052
Total liabilities and equity	$             87,381		$             86,186

 

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SOURCE Avalon Holdings Corporation

FAQ

What were Avalon Holdings (AWX) fourth-quarter 2025 revenues and how did they compare to Q4 2024?

Avalon reported $21.5 million in Q4 2025 net operating revenues, up versus $17.6 million in Q4 2024. According to the company, waste management and golf-related revenues contributed to the quarter-over-quarter increase.

Did Avalon Holdings (AWX) report profitability for the full year 2025 and what was EPS?

Yes, Avalon reported full-year 2025 net income attributable to common shareholders of $0.3 million and basic EPS of $0.08. According to the company, this compares with $1.318 million and $0.34 EPS in 2024.

How did Avalon Holdings (AWX) operating income change in 2025 versus 2024?

Operating income decreased to $2.025 million in 2025 from $3.075 million in 2024. According to the company, higher costs in core operations contributed to the year-over-year decline.

What is Avalon's (AWX) cash position at December 31, 2025?

Avalon reported $4.114 million of cash and cash equivalents at December 31, 2025. According to the company, this is an increase from $2.803 million at the end of 2024.

How did Avalon Holdings (AWX) perform in waste management revenue for 2025?

Waste management services generated $46.010 million for the year ended December 31, 2025. According to the company, this is slightly above the $45.922 million recorded in 2024.

What were Avalon Holdings (AWX) fourth-quarter net loss and basic loss per share for Q4 2025?

Avalon reported a Q4 2025 net loss attributable to common shareholders of $0.4 million and basic loss per share of $0.09. According to the company, this compares with a $0.5 million loss and $0.13 loss per share in Q4 2024.