Stoneridge (NYSE:SRI) reported mixed results for the full year 2025, highlighting a deep divide between the rapid growth of its next-generation technology and legacy asset write-downs.
The company posted full-year sales of $861.3 million, with fourth-quarter revenue contributing $205.2 million.
The fourth quarter was heavily impacted by a net loss of $76.9 million.
This figure was primarily driven by non-cash charges, including a $21.6 million pre-tax impairment of Control Devices assets and $44.5 million in tax valuation allowances.
Despite these accounting headwinds, the firm maintained positive operational momentum, finishing the year with an adjusted EBITDA of $25 million and adjusted free cash flow of $19.0 million.
The standout performer in the portfolio continues to be MirrorEye, Stoneridge's digital camera monitor system that replaces traditional truck mirrors.
Revenue for the division jumped 69% to $111 million in 2025, signaling strong adoption from commercial fleet operators looking to improve fuel efficiency and driver safety.
Looking forward, the company issued a conservative 2026 revenue guidance range of $625 million to $650 million, with an adjusted EBITDA midpoint of $22.5 million.
However, management remains bullish on the long-term trajectory, setting 2027 targets of $715 million in revenue and $44 million in EBITDA, banking on the continued transition of the heavy-duty truck market toward digital vision solutions.