Filing Flows › Alexanders (ALX) › Q4 2025
Alexanders (ALX) Q4 2025 earnings results (fourth quarter 2025)
10-K filed Feb 9, 2026
Alexanders (ALX) reported revenue of $53.3M for the fourth quarter 2025 (Q4 2025), -5% from a year earlier and -0.3% from the quarter before. Operating margin was 7.2%, net earnings $3.8M (7.2% of revenue).
Alexanders, Q4 2025: revenue $53.3M (-5% year over year), operating margin 7.2%, net earnings $3.8M, operating cash flow $23.4M. The chart follows the revenue to costs, profit and cash.
| Q4 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $53.3M | -0.3% | -5% |
| Operating profit | $3.8M | -36% | -69% |
| Net earnings | $3.8M | -36% | -69% |
| Operating cash flow | $23.4M | — | -24% |
What changed
Revenue was $53.3M in Q4 2025, down 5% year over year and roughly flat from the previous quarter.
Operating profit was $3.8M, a 7.2% margin (down 14.8 points year over year). Total costs grew 13% against a revenue fall of 5%. The fastest-growing cost line was General & admin (+14%). Net earnings were $3.8M, down 69% year over year. The effective tax rate was 0.0%.
Operating cash flow was $23.4M (down 24% year over year), 613% of net earnings. Non-cash charges added back $9.4M of depreciation and amortization. Working capital and other items added $10.2M.
Questions
What was Alexanders' revenue in the fourth quarter 2025?
Alexanders (ALX) reported revenue of $53.3M for the fourth quarter 2025 (Q4 2025), -5% from a year earlier and -0.3% from the quarter before.
Was Alexanders profitable in the fourth quarter 2025?
Operating profit was $3.8M (7.2% of revenue) and net earnings $3.8M.
Source: Alexanders 10-K on SEC EDGAR.