Filing Flows › Curbline Properties (CURB) › Q4 2025
Curbline Properties (CURB) Q4 2025 earnings results (fourth quarter 2025)
10-K filed Feb 10, 2026
Curbline Properties (CURB) reported revenue of $54.1M for the fourth quarter 2025 (Q4 2025), +55% from a year earlier and +11% from the quarter before. Operating margin was 17.8%, net earnings $9.6M (17.6% of revenue).
Curbline Properties, Q4 2025: revenue $54.1M (+55% year over year), operating margin 17.8%, net earnings $9.6M, operating cash flow $25.9M. The chart follows the revenue to costs, profit and cash.
| Q4 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $54.1M | +11% | +55% |
| Operating profit | $9.6M | +3% | -16% |
| Net earnings | $9.6M | +2% | -17% |
| Operating cash flow | $25.9M | -34% | -11% |
| Free cash flow | $18.4M | -46% | -38% |
What changed
Revenue was $54.1M in Q4 2025, up 55% year over year and up 11% from the previous quarter.
Operating profit was $9.6M, a 17.8% margin (down 15.1 points year over year). Operating profit fell $1.8M even though revenue rose $19.2M versus a year earlier, so costs grew faster than sales. Total costs grew 90% against revenue growth of 55%. The fastest-growing cost line was Other operating costs (+162%). Net earnings were $9.5M, down 17% year over year. The effective tax rate was 0.9%.
Operating cash flow was $25.9M (down 11% year over year), 271% of net earnings. Non-cash charges added back $22.1M of depreciation and amortization and $3.2M of share-based compensation. Working capital and other items used $9.0M. Capital expenditures of $7.4M left free cash flow of $18.4M.
Questions
What was Curbline Properties' revenue in the fourth quarter 2025?
Curbline Properties (CURB) reported revenue of $54.1M for the fourth quarter 2025 (Q4 2025), +55% from a year earlier and +11% from the quarter before.
Was Curbline Properties profitable in the fourth quarter 2025?
Operating profit was $9.6M (17.8% of revenue) and net earnings $9.6M.