Filing Flows › CTO Realty Growth (CTO) › Q2 2025
CTO Realty Growth (CTO) Q2 2025 earnings results (second quarter 2025)
10-Q filed Jul 29, 2025
CTO Realty Growth (CTO) reported revenue of $37.6M for the second quarter 2025 (Q2 2025), +30% from a year earlier and +5% from the quarter before. Operating margin was -33.7%, net loss $23.4M (62.2% of revenue).
CTO Realty Growth, Q2 2025: revenue $37.6M (+30% year over year), operating margin -33.7%, net loss $23.4M, operating cash flow $21.9M. The chart follows the revenue to costs, profit and cash.
| Q2 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $37.6M | +5% | +30% |
| Operating profit | −$12.7M | -261% | — |
| Net earnings | −$23.4M | -1136% | — |
| Operating cash flow | $21.9M | +113% | +70% |
What changed
Revenue was $37.6M in Q2 2025, up 30% year over year and up 5% from the previous quarter. Income Properties was the largest line at 89% of revenue. Income Properties added $7.5M year over year (up 29%), 85% of the total change.
Gross margin was 73.0%, up 1.9 points from a year earlier. Operating costs exceeded revenue by $12.7M, an operating margin of -33.7%. Operating expenses grew 166% against revenue growth of 30%. The fastest-growing cost line was Other operating costs (+207%). The quarter ended with a net loss of $23.4M, after a profit of $2.3M the previous quarter.
Operating cash flow was $21.9M (up 70% year over year). Non-cash charges added back $15.3M of depreciation and amortization and $1.0M of share-based compensation. Working capital and other items added $29.0M.
Questions
What was CTO Realty Growth's revenue in the second quarter 2025?
CTO Realty Growth (CTO) reported revenue of $37.6M for the second quarter 2025 (Q2 2025), +30% from a year earlier and +5% from the quarter before.
Was CTO Realty Growth profitable in the second quarter 2025?
Operating loss was $12.7M (-33.7% of revenue) and net loss $23.4M.
Source: CTO Realty Growth 10-Q on SEC EDGAR.