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Alexanders (ALX) Q3 2025 earnings results (third quarter 2025)

10-Q filed Nov 3, 2025

Alexanders (ALX) reported revenue of $53.4M for the third quarter 2025 (Q3 2025), -4% from a year earlier and +4% from the quarter before. Operating margin was 11.2%, net earnings $6.0M (11.2% of revenue).

Revenue$53.4M
Year over year-4%
Quarter over quarter+4%
Operating margin11.2%
Net earnings$6.0M

Alexanders, Q3 2025: revenue $53.4M (-4% year over year), operating margin 11.2%, net earnings $6.0M, operating cash flow −$9.3M. The chart follows the revenue to costs, profit and cash.

Q3 2025AmountQ/QY/Y
Revenue$53.4M+4%-4%
Operating profit$6.0M-2%-11%
Net earnings$6.0M-2%-11%
Operating cash flow−$9.3M-121%—

What changed

Revenue was $53.4M in Q3 2025, down 4% year over year and up 4% from the previous quarter.

Operating profit was $6.0M, a 11.2% margin (down 0.8 points year over year). Total costs fell 3% while revenue fell 4%. Net earnings were $6.0M, down 11% year over year. The effective tax rate was 0.0%.

Operating cash flow was −$9.3M. Non-cash charges added back $9.8M of depreciation and amortization. Working capital and other items used $25.1M.

Questions

What was Alexanders' revenue in the third quarter 2025?

Alexanders (ALX) reported revenue of $53.4M for the third quarter 2025 (Q3 2025), -4% from a year earlier and +4% from the quarter before.

Was Alexanders profitable in the third quarter 2025?

Operating profit was $6.0M (11.2% of revenue) and net earnings $6.0M.

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Source: Alexanders 10-Q on SEC EDGAR.