Filing Flows › Chatham Lodging Trust (CLDT) › Q3 2025
Chatham Lodging Trust (CLDT) Q3 2025 earnings results (third quarter 2025)
10-Q filed Nov 5, 2025
Chatham Lodging Trust (CLDT) reported revenue of $78.4M for the third quarter 2025 (Q3 2025), -10% from a year earlier and -2% from the quarter before. Operating margin was 12.7%, net earnings $3.5M (4.5% of revenue).
Chatham Lodging Trust, Q3 2025: revenue $78.4M (-10% year over year), operating margin 12.7%, net earnings $3.5M, operating cash flow $25.6M. The chart follows the revenue to costs, profit and cash.
| Q3 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $78.4M | -2% | -10% |
| Operating profit | $9.9M | -16% | -21% |
| Net earnings | $3.5M | -34% | -17% |
| Operating cash flow | $25.6M | +16% | -11% |
| Free cash flow | $25.0M | — | -11% |
What changed
Revenue was $78.4M in Q3 2025, down 10% year over year and down 2% from the previous quarter. Occupancy was the largest line at 92% of revenue. Occupancy lost $8.3M year over year (down 10%), 95% of the total change.
Operating profit was $9.9M, a 12.7% margin (down 1.7 points year over year). Total costs fell 8% while revenue fell 10%. The fastest-growing cost line was Other operating costs (+192%). Net earnings were $3.5M, down 17% year over year. The effective tax rate was 0.0%.
Operating cash flow was $25.6M (down 11% year over year), 713% of net earnings. Non-cash charges added back $14.7M of depreciation and amortization and $1.5M of share-based compensation. Working capital and other items added $5.7M. Capital expenditures of $533K left free cash flow of $25.0M.
Questions
What was Chatham Lodging Trust's revenue in the third quarter 2025?
Chatham Lodging Trust (CLDT) reported revenue of $78.4M for the third quarter 2025 (Q3 2025), -10% from a year earlier and -2% from the quarter before.
Was Chatham Lodging Trust profitable in the third quarter 2025?
Operating profit was $9.9M (12.7% of revenue) and net earnings $3.5M.