Filing Flows › Amrep (AXR) › Q3 FY25
Amrep (AXR) Q3 FY25 earnings results (third quarter fiscal 2025)
10-Q filed Mar 7, 2025
Amrep (AXR) reported revenue of $7.5M for the third quarter fiscal 2025 (Q3 FY25), -41% from a year earlier and -37% from the quarter before. Operating margin was 5.7%, net earnings $717K (9.5% of revenue).
Amrep, Q3 FY25: revenue $7.5M (-41% year over year), operating margin 5.7%, net earnings $717K, operating cash flow −$3.2M. The chart follows the revenue to costs, profit and cash.
| Q3 FY25 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $7.5M | -37% | -41% |
| Operating profit | $432K | -86% | — |
| Net earnings | $717K | -82% | +679% |
| Operating cash flow | −$3.2M | — | — |
What changed
Revenue was $7.5M in Q3 FY25, down 41% year over year and down 37% from the previous quarter. Home sale was the largest line at 54% of revenue. Other Revenues lost $5.5M year over year (down 91%), 107% of the total change.
Operating profit was $432K, a 5.7% margin (up 6.9 points year over year). Total costs fell 45% while revenue fell 41%. Net earnings were $717K, up 679% year over year. The effective tax rate was 14.8%. Non-operating items added $410K, 49% of pre-tax earnings, so the bottom line overstates operating performance.
Operating cash flow was −$3.2M. Non-cash charges added back $34K of depreciation and $122K of share-based compensation. Working capital and other items used $4.1M. Capital expenditures of $26K exceeded it, leaving free cash flow of −$3.3M.
Questions
What was Amrep's revenue in the third quarter fiscal 2025?
Amrep (AXR) reported revenue of $7.5M for the third quarter fiscal 2025 (Q3 FY25), -41% from a year earlier and -37% from the quarter before.
Was Amrep profitable in the third quarter fiscal 2025?
Operating profit was $432K (5.7% of revenue) and net earnings $717K.
Source: Amrep 10-Q on SEC EDGAR.