Filing Flows › Clipper Realty (CLPR) › Q2 2025
Clipper Realty (CLPR) Q2 2025 earnings results (second quarter 2025)
10-Q filed Aug 8, 2025
Clipper Realty (CLPR) reported revenue of $39.0M for the second quarter 2025 (Q2 2025), +5% from a year earlier and -0.9% from the quarter before. Operating margin was 27.7%, net loss $1.4M (3.5% of revenue).
Clipper Realty, Q2 2025: revenue $39.0M (+4% year over year), operating margin 27.7%, net loss $1.4M, operating cash flow $8.4M. The chart follows the revenue to costs, profit and cash.
| Q2 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $39.0M | -0.9% | +5% |
| Operating profit | $10.8M | — | — |
| Net earnings | −$1.4M | — | — |
| Operating cash flow | $8.4M | +25% | -5% |
What changed
Revenue was $39.0M in Q2 2025, up 5% year over year and down 1% from the previous quarter. Residential Rental was the largest line at 74% of revenue. Residential Rental added $1.3M year over year (up 5%), 77% of the total change.
Operating profit was $10.8M, a 27.7% margin (up 0.9 points year over year). Of the extra revenue versus a year earlier, 48% reached operating profit, above the 27% margin then. Total costs grew 3% against revenue growth of 5%. The quarter ended with a net loss of $1.4M, narrower than the previous quarter's $35.1M loss. Minority interests bore $840K of it: to shareholders the quarter was a loss of $516K. Net interest and other expense of $12.2M was the main reason.
Operating cash flow was $8.4M (down 5% year over year). Non-cash charges added back $7.3M of depreciation and amortization and $1.1M of share-based compensation. Working capital and other items added $1.3M.
Questions
What was Clipper Realty's revenue in the second quarter 2025?
Clipper Realty (CLPR) reported revenue of $39.0M for the second quarter 2025 (Q2 2025), +5% from a year earlier and -0.9% from the quarter before.
Was Clipper Realty profitable in the second quarter 2025?
Operating profit was $10.8M (27.7% of revenue) and net loss $1.4M.
Source: Clipper Realty 10-Q on SEC EDGAR.