Filing Flows › Clipper Realty (CLPR) › Q1 2025
Clipper Realty (CLPR) Q1 2025 earnings results (first quarter 2025)
10-Q filed May 12, 2025
Clipper Realty (CLPR) reported revenue of $39.4M for the first quarter 2025 (Q1 2025), +10% from a year earlier and +4% from the quarter before. Operating margin was -59.9%, net loss $35.1M (89.1% of revenue).
Clipper Realty, Q1 2025: revenue $39.4M (+10% year over year), operating margin -59.9%, net loss $35.1M, operating cash flow $6.7M. The chart follows the revenue to costs, profit and cash.
| Q1 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $39.4M | +4% | +10% |
| Operating profit | −$23.6M | — | — |
| Net earnings | −$35.1M | — | — |
| Operating cash flow | $6.7M | -37% | +7% |
What changed
Revenue was $39.4M in Q1 2025, up 10% year over year and up 4% from the previous quarter. Residential Rental was the largest line at 74% of revenue. Residential Rental added $3.1M year over year (up 12%), 85% of the total change.
Operating costs exceeded revenue by $23.6M, an operating margin of -59.9%. Total costs grew 136% against revenue growth of 10%. The quarter ended with a net loss of $35.1M, wider than the previous quarter's $1.1M loss. Minority interests bore $21.8M of it: to shareholders the quarter was a loss of $13.3M.
Operating cash flow was $6.7M (up 7% year over year). Non-cash charges added back $7.6M of depreciation and amortization and $1.1M of share-based compensation. Working capital and other items added $33.0M. Capital expenditures of $11.3M exceeded it, leaving free cash flow of −$4.6M.
Questions
What was Clipper Realty's revenue in the first quarter 2025?
Clipper Realty (CLPR) reported revenue of $39.4M for the first quarter 2025 (Q1 2025), +10% from a year earlier and +4% from the quarter before.
Was Clipper Realty profitable in the first quarter 2025?
Operating loss was $23.6M (-59.9% of revenue) and net loss $35.1M.
Source: Clipper Realty 10-Q on SEC EDGAR.