Filing Flows › CTO Realty Growth (CTO) › Q3 2025
CTO Realty Growth (CTO) Q3 2025 earnings results (third quarter 2025)
10-Q filed Oct 28, 2025
CTO Realty Growth (CTO) reported revenue of $37.8M for the third quarter 2025 (Q3 2025), +19% from a year earlier and +0.3% from the quarter before. Operating margin was 26.6%, net earnings $2.9M (7.7% of revenue).
CTO Realty Growth, Q3 2025: revenue $37.8M (+19% year over year), operating margin 26.6%, net earnings $2.9M, operating cash flow $26.1M. The chart follows the revenue to costs, profit and cash.
| Q3 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $37.8M | +0.3% | +19% |
| Gross profit | $28.5M | +4% | +20% |
| Operating profit | $10.0M | — | +102% |
| Net earnings | $2.9M | — | -53% |
| Operating cash flow | $26.1M | +19% | +23% |
What changed
Revenue was $37.8M in Q3 2025, up 19% year over year and roughly flat from the previous quarter. Income Properties was the largest line at 89% of revenue. Income Properties added $4.9M year over year (up 17%), 83% of the total change.
Gross margin was 75.4%, up 1.1 points from a year earlier. Operating profit was $10.0M, a 26.6% margin (up 11.0 points year over year). Of the extra revenue versus a year earlier, 85% reached operating profit, above the 16% margin then. Operating expenses fell 1% while revenue rose 19%. The fastest-growing cost line was General & admin (+17%). Net earnings were $2.9M, down 53% year over year. The effective tax rate was 2.0%.
Operating cash flow was $26.1M (up 23% year over year), 894% of net earnings. Non-cash charges added back $14.9M of depreciation and amortization and $936K of share-based compensation. Working capital and other items added $7.3M.
Questions
What was CTO Realty Growth's revenue in the third quarter 2025?
CTO Realty Growth (CTO) reported revenue of $37.8M for the third quarter 2025 (Q3 2025), +19% from a year earlier and +0.3% from the quarter before.
Was CTO Realty Growth profitable in the third quarter 2025?
Operating profit was $10.0M (26.6% of revenue) and net earnings $2.9M.
Source: CTO Realty Growth 10-Q on SEC EDGAR.