Filing Flows › Curbline Properties (CURB) › Q1 2025
Curbline Properties (CURB) Q1 2025 earnings results (first quarter 2025)
10-Q filed Apr 25, 2025
Curbline Properties (CURB) reported revenue of $38.7M for the first quarter 2025 (Q1 2025), +38% from a year earlier and +11% from the quarter before. Operating margin was 27.6%, net earnings $10.6M (27.3% of revenue).
Curbline Properties, Q1 2025: revenue $38.7M (+38% year over year), operating margin 27.6%, net earnings $10.6M, operating cash flow $25.4M. The chart follows the revenue to costs, profit and cash.
| Q1 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $38.7M | +11% | +38% |
| Operating profit | $10.7M | -7% | +34% |
| Net earnings | $10.6M | -8% | +32% |
| Operating cash flow | $25.4M | -13% | +64% |
| Free cash flow | $23.5M | -21% | +118% |
What changed
Revenue was $38.7M in Q1 2025, up 38% year over year and up 11% from the previous quarter.
Operating profit was $10.7M, a 27.6% margin (down 0.9 points year over year). Of the extra revenue versus a year earlier, 25% reached operating profit, below the 28% margin then. Total costs grew 40% against revenue growth of 38%. The fastest-growing cost line was General & admin (+486%). Net earnings were $10.6M, up 32% year over year. The effective tax rate was 1.0%.
Operating cash flow was $25.4M (up 64% year over year), 240% of net earnings. Non-cash charges added back $14.5M of depreciation and amortization and $3.6M of share-based compensation. Working capital and other items used $3.2M. Capital expenditures of $1.8M left free cash flow of $23.5M.
Questions
What was Curbline Properties' revenue in the first quarter 2025?
Curbline Properties (CURB) reported revenue of $38.7M for the first quarter 2025 (Q1 2025), +38% from a year earlier and +11% from the quarter before.
Was Curbline Properties profitable in the first quarter 2025?
Operating profit was $10.7M (27.6% of revenue) and net earnings $10.6M.