Filing Flows › Cousins Properties (CUZ) › Q4 2025
Cousins Properties (CUZ) Q4 2025 earnings results (fourth quarter 2025)
10-K filed Feb 5, 2026
Cousins Properties (CUZ) reported revenue of $255M for the fourth quarter 2025 (Q4 2025), +13% from a year earlier and +3% from the quarter before. Operating margin was 67.5%, net loss $3.3M (1.3% of revenue).
Cousins Properties, Q4 2025: revenue $255M (+13% year over year), operating margin 67.5%, net loss $3.3M, operating cash flow $114M. The chart follows the revenue to costs, profit and cash.
| Q4 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $255M | +3% | +13% |
| Operating profit | $172M | +2% | — |
| Net earnings | −$3.3M | -137% | — |
| Operating cash flow | $114M | -5% | -11% |
What changed
Revenue was $255.0M in Q4 2025, up 13% year over year and up 3% from the previous quarter. Rental property revenues was the largest line at 99% of revenue.
Operating profit was $172.2M, a 67.5% margin (up 1.7 points year over year). Of the extra revenue versus a year earlier, 80% reached operating profit, above the 66% margin then. Total costs grew 8% against revenue growth of 13%. The quarter ended with a net loss of $3.3M, after a profit of $8.8M the previous quarter. Net interest and other expense of $175.5M was the main reason.
Operating cash flow was $114.5M (down 11% year over year). Non-cash charges added back $107.1M of depreciation and amortization. Working capital and other items added $10.7M.
Questions
What was Cousins Properties' revenue in the fourth quarter 2025?
Cousins Properties (CUZ) reported revenue of $255M for the fourth quarter 2025 (Q4 2025), +13% from a year earlier and +3% from the quarter before.
Was Cousins Properties profitable in the fourth quarter 2025?
Operating profit was $172M (67.5% of revenue) and net loss $3.3M.
Source: Cousins Properties 10-K on SEC EDGAR.