Filing Flows › Comstock Holding Companies (CHCI) › Q3 2025
Comstock Holding Companies (CHCI) Q3 2025 earnings results (third quarter 2025)
10-Q filed Nov 13, 2025
Comstock Holding Companies (CHCI) reported revenue of $13.3M for the third quarter 2025 (Q3 2025), +2% from a year earlier and +3% from the quarter before. Operating margin was 5.0%, net earnings $541K (4.1% of revenue).
Comstock Holding Companies, Q3 2025: revenue $13.3M (+2% year over year), operating margin 5.0%, net earnings $541K, operating cash flow −$3.2M. The chart follows the revenue to costs, profit and cash.
| Q3 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $13.3M | +3% | +2% |
| Operating profit | $661K | -63% | -77% |
| Net earnings | $541K | -63% | -77% |
| Operating cash flow | −$3.2M | -248% | — |
What changed
Revenue was $13.3M in Q3 2025, up 2% year over year and up 3% from the previous quarter.
Operating profit was $661K, a 5.0% margin (down 16.8 points year over year). Operating profit fell $2.2M even though revenue rose $322K versus a year earlier, so costs grew faster than sales. Total costs grew 24% against revenue growth of 2%. The fastest-growing cost line was SG&A (+43%). Net earnings were $541K, down 77% year over year. The effective tax rate was 45.4%. Non-operating items added $330K, 33% of pre-tax earnings, so the bottom line overstates operating performance.
Operating cash flow was −$3.2M. Non-cash charges added back $73K of depreciation and amortization and $255K of share-based compensation. Working capital and other items used $4.1M.
Questions
What was Comstock Holding Companies' revenue in the third quarter 2025?
Comstock Holding Companies (CHCI) reported revenue of $13.3M for the third quarter 2025 (Q3 2025), +2% from a year earlier and +3% from the quarter before.
Was Comstock Holding Companies profitable in the third quarter 2025?
Operating profit was $661K (5.0% of revenue) and net earnings $541K.