Filing Flows › Acres Commercial Realty (ACR) › Q3 2025
Acres Commercial Realty (ACR) Q3 2025 earnings results (third quarter 2025)
10-Q filed Nov 6, 2025
Acres Commercial Realty (ACR) reported revenue of $21.0M for the third quarter 2025 (Q3 2025), -6% from a year earlier and -4% from the quarter before. Operating margin was 24.1%, net earnings $9.8M (46.5% of revenue).
Acres Commercial Realty, Q3 2025: revenue $21.0M (-6% year over year), operating margin 24.1%, net earnings $9.8M, operating cash flow −$9.4M. The chart follows the revenue to costs, profit and cash.
| Q3 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $21.0M | -4% | -6% |
| Operating profit | $5.1M | +16% | -3% |
| Net earnings | $9.8M | — | +246% |
| Operating cash flow | −$9.4M | -180% | — |
What changed
Revenue was $21.0M in Q3 2025, down 6% year over year and down 4% from the previous quarter.
Operating profit was $5.1M, a 24.1% margin (up 0.8 points year over year). Total costs fell 7% while revenue fell 6%. Net earnings were $9.8M, up 246% year over year. The effective tax rate was 0.0%. Non-operating items added $13.0M, 72% of pre-tax earnings, so the bottom line overstates operating performance.
Operating cash flow was −$9.4M. Non-cash charges added back $1.8M of depreciation and amortization. Working capital and other items used $29.2M.
Questions
What was Acres Commercial Realty's revenue in the third quarter 2025?
Acres Commercial Realty (ACR) reported revenue of $21.0M for the third quarter 2025 (Q3 2025), -6% from a year earlier and -4% from the quarter before.
Was Acres Commercial Realty profitable in the third quarter 2025?
Operating profit was $5.1M (24.1% of revenue) and net earnings $9.8M.