The Boeing (BA) 10-K Summaries & Annual Filing History
Review The Boeing Company (BA) 10-K filings from 2023 through the latest annual report, including business, financial performance, risks, and liquidity.
Key takeaway
Year ended Dec 31, 2025 · FY2025 10-K
The Boeing Company reported a strong financial recovery for the fiscal year, with revenue increasing and net income turning positive. Operating cash flow also improved significantly, reflecting higher commercial airplane deliveries and working capital improvements.
Financial snapshot
Selected annual figures reported with the filing, shown separately from the narrative summary.
Annual revenue
$89.5B
Revenue reported for the fiscal year.
Operating income
$4.3B
Income from operations reported for the year.
Net income
$2.2B
Net income reported for the year.
Operating cash flow
$1.1B
Cash generated by operating activities.
Annual revenue trend
Reported annual revenue and its change from the preceding fiscal year.
| Period ended | Revenue | Year-over-year change |
|---|---|---|
| Dec 31, 2022 | $66.6B | +6.9% |
| Dec 31, 2023 | $77.8B | +16.8% |
| Dec 31, 2024 | $66.5B | -14.5% |
| Dec 31, 2025 | $89.5B | +34.5% |
Business overview
The company is a major aerospace manufacturer, as indicated by its commercial airplane deliveries and the divestiture of its Digital Aviation Solutions business. It also faces significant program costs on its 777X and 767 aircraft.
Financial performance
Revenue increased substantially compared to the prior year, and operating income was positive. Net income turned from a loss to a profit, and operating cash flow became positive after being negative in the previous year.
Material risks
The company faces material risks from reach-forward losses on its 777X and 767 programs, which increased compared to the prior year. Additionally, the filing references unresolved staff comments and cybersecurity matters, though details are not provided.
Liquidity and capital
The company generated positive operating cash flow and used cash for financing activities, resulting in a decrease in total cash and cash equivalents. The improvement in operating cash flow was driven by higher deliveries and working capital changes.
What to watch
The next filing should be monitored for updates on the 777X and 767 program costs and any further reach-forward loss adjustments.