Filing Flows › American Realty Investors (ARL) › Q3 2025
American Realty Investors (ARL) Q3 2025 earnings results (third quarter 2025)
10-Q filed Nov 6, 2025
American Realty Investors (ARL) reported revenue of $12.8M for the third quarter 2025 (Q3 2025), +11% from a year earlier and +6% from the quarter before. Operating margin was -12.3%, net earnings $320K (2.5% of revenue).
American Realty Investors, Q3 2025: revenue $12.8M (+11% year over year), operating margin -12.3%, net earnings $320K, operating cash flow $8.0M. The chart follows the revenue to costs, profit and cash.
| Q3 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $12.8M | +6% | +11% |
| Operating profit | −$1.6M | — | — |
| Net earnings | $320K | -89% | — |
| Operating cash flow | $8.0M | — | -41% |
What changed
Revenue was $12.8M in Q3 2025, up 11% year over year and up 6% from the previous quarter.
Operating costs exceeded revenue by $1.6M, an operating margin of -12.3%. Total costs grew 5% against revenue growth of 11%. Net earnings were $129K. The effective tax rate was 81.2%. Non-operating items added $3.3M, 192% of pre-tax earnings, so the bottom line overstates operating performance.
Operating cash flow was $8.0M (down 41% year over year), 2492% of net income including minority interests. Non-cash charges added back $2.9M of depreciation and amortization. Working capital and other items added $4.7M. Capital expenditures of $14.8M exceeded it, leaving free cash flow of −$6.8M.
Questions
What was American Realty Investors' revenue in the third quarter 2025?
American Realty Investors (ARL) reported revenue of $12.8M for the third quarter 2025 (Q3 2025), +11% from a year earlier and +6% from the quarter before.
Was American Realty Investors profitable in the third quarter 2025?
Operating loss was $1.6M (-12.3% of revenue) and net earnings $320K.