Filing Flows › Ashford Hospitality Trust (AHT) › Q2 2025
Ashford Hospitality Trust (AHT) Q2 2025 earnings results (second quarter 2025)
10-Q filed Aug 14, 2025
Ashford Hospitality Trust (AHT) reported revenue of $302M for the second quarter 2025 (Q2 2025), -5% from a year earlier and +9% from the quarter before. Operating margin was 16.3%, net loss $32.4M (10.7% of revenue).
Ashford Hospitality Trust, Q2 2025: revenue $302M (-5% year over year), operating margin 16.3%, net loss $32.4M, operating cash flow $16.3M. The chart follows the revenue to costs, profit and cash.
| Q2 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $302M | +9% | -5% |
| Operating profit | $49.3M | -20% | — |
| Net earnings | −$32.4M | — | — |
| Operating cash flow | $16.3M | — | +105% |
What changed
Revenue was $302.0M in Q2 2025, down 5% year over year and up 9% from the previous quarter. Rooms was the largest line at 75% of revenue. Rooms lost $16.4M year over year (down 7%), 113% of the total change.
Operating profit was $49.3M, a 16.3% margin (down 26.5 points year over year). Total costs grew 40% against a revenue fall of 5%. The quarter ended with a net loss of $32.4M, wider than the previous quarter's $22.2M loss. Minority interests bore $2.0M of it: to shareholders the quarter was a loss of $30.4M. Net interest and other expense of $81.6M was the main reason.
Operating cash flow was $16.3M (up 105% year over year). Non-cash charges added back $35.3M of depreciation and amortization and $221K of share-based compensation. Working capital and other items added $13.3M. Capital expenditures of $19.9M exceeded it, leaving free cash flow of −$3.6M.
Questions
What was Ashford Hospitality Trust's revenue in the second quarter 2025?
Ashford Hospitality Trust (AHT) reported revenue of $302M for the second quarter 2025 (Q2 2025), -5% from a year earlier and +9% from the quarter before.
Was Ashford Hospitality Trust profitable in the second quarter 2025?
Operating profit was $49.3M (16.3% of revenue) and net loss $32.4M.