Filing Flows › Clipper Realty (CLPR) › Q4 2025
Clipper Realty (CLPR) Q4 2025 earnings results (fourth quarter 2025)
10-K filed Feb 26, 2026
Clipper Realty (CLPR) reported revenue of $37.1M for the fourth quarter 2025 (Q4 2025), -3% from a year earlier and -2% from the quarter before. Operating margin was 21.8%, net loss $11.3M (30.4% of revenue).
Clipper Realty, Q4 2025: revenue $37.1M (-3% year over year), operating margin 21.8%, net loss $11.3M, operating cash flow $6.1M. The chart follows the revenue to costs, profit and cash.
| Q4 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $37.1M | -2% | -3% |
| Operating profit | $8.1M | -9% | — |
| Net earnings | −$11.3M | — | — |
| Operating cash flow | $6.1M | +330% | -42% |
What changed
Revenue was $37.1M in Q4 2025, down 3% year over year and down 2% from the previous quarter. Residential Rental was the largest line at 83% of revenue.
Operating profit was $8.1M, a 21.8% margin (down 6.4 points year over year). Total costs grew 6% against a revenue fall of 3%. The quarter ended with a net loss of $11.3M, wider than the previous quarter's $4.6M loss. Minority interests bore $7.0M of it: to shareholders the quarter was a loss of $4.3M. Net interest and other expense of $19.3M was the main reason.
Operating cash flow was $6.1M (down 42% year over year). Non-cash charges added back $8.4M of depreciation and amortization and $1.0M of share-based compensation. Working capital and other items added $8.0M.
Questions
What was Clipper Realty's revenue in the fourth quarter 2025?
Clipper Realty (CLPR) reported revenue of $37.1M for the fourth quarter 2025 (Q4 2025), -3% from a year earlier and -2% from the quarter before.
Was Clipper Realty profitable in the fourth quarter 2025?
Operating profit was $8.1M (21.8% of revenue) and net loss $11.3M.
Source: Clipper Realty 10-K on SEC EDGAR.