Q3 2026 Revenue up 9% year over year to $93.6M · 6¢ of every $1 of revenue kept as net profit · operating margin 25.6%
Easterly Government Properties made $93.6M in Q3 2026 (+9% Y/Y). Operating margin 25.6%, net earnings $5.5M. See where every dollar goes — costs, profit and cash — as a Sankey from the 10-Q filed Oct 26, 2026.
Revenue$93.6M
Year over year+9%
Operating margin25.6%
Net earnings$5.5M
Operating cash flow$47.4M
Drawing the Sankey…
Open the interactive Sankey →click any line for what the company wrote about it, compare Y/Y and Q/Q, export as PNG or PDF
What changed this quarter
Revenue was $93.6M in Q3 2026, up 9% year over year and up 1% from the previous quarter.
Operating profit was $24.0M, a 25.6% margin (up 0.9 points year over year). Of the extra revenue versus Q3 2025, 36% reached operating profit, above the 25% margin then. Total costs grew 7% against revenue growth of 9%. The fastest-growing cost line was Cost of revenue (+10%). Net earnings were $5.5M, up 353% year over year. The effective tax rate was 0.0%.
Operating cash flow was $47.4M (down 69% year over year), 833% of net income including minority interests. Non-cash charges added back $31.0M of depreciation and amortization and $2.0M of share-based compensation. Working capital and other items added $8.7M.
Quarterly history
Quarter
Form
Filed
Revenue
Y/Y
Op. margin
Net earnings
Op. cash flow
Q3 2026
10-Q
Oct 26, 2026
$93.6M
+9%
25.6%
$5.5M
$47.4M
Q2 2026
10-Q
Aug 3, 2026
$92.4M
+10%
23.8%
$3.0M
$44.6M
Q1 2026
10-Q
Apr 27, 2026
$91.5M
+16%
21.8%
$1.4M
$27.3M
Q4 2025
10-K
Feb 23, 2026
$87.0M
+11%
24.5%
$4.6M
$41.9M
Q3 2025
10-Q
Oct 27, 2025
$86.2M
+15%
24.7%
$1.2M
$155M
Q2 2025
10-Q
Aug 5, 2025
$84.2M
+10%
25.4%
$4.1M
$38.1M
Q1 2025
10-Q
Apr 29, 2025
$78.7M
+8%
25.2%
$3.1M
$24.2M
Charts
Latest (Q3 2026): Y/Y +9%, Q/Q +1%.From the cash-flow statement as filed (SEC XBRL). Cash is fungible: the bars do not say which dollar paid for what.Latest (Q3 2026): Net income $5.7M, Operating cash flow $47.4M.-42.8% since FY2020: buybacks shrank the count.Cash $23.4M, short-term investments —, long-term debt $1.7B at 2025-12-31.Real Estate Investment Trusts; dot size is quarterly revenue; dashed lines are the industry's medians.
Interactive views
The same charts as the app — open one to draw it.
💵Where each $1 goesinteractive
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🌏Named in Asian annual reportsinteractive
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🔄Rotation against the market and its industry (RRG)interactive
Easterly Government Properties, Inc. (NYSE: DEA) is based in Washington, D.C., and focuses primarily on the acquisition, development and management of Class A commercial properties that are leased to the U.S. Government. Easterly’s experienced management team brings specialized insight into the strategy and needs of mission-critical U.S. Government agencies for properties leased to such agencies either directly or through the U.S. General Services Administration (GSA). For further information on the company and its properties, please visit www.easterlyreit.com.
In its own words, from its 8-K, filed Aug 3, 2026.
Easterly Government Properties against its Real Estate Investment Trusts peers
The largest companies of the same SEC industry, each at its latest quarter. Revenue growth: +9% against the peers' median +11%. Operating margin: 25.6% against the peers' median 20.6%.