Filing Flows › Easterly Government Properties (DEA) › Q3 2025
Easterly Government Properties (DEA) Q3 2025 earnings results (third quarter 2025)
10-Q filed Oct 27, 2025
Easterly Government Properties (DEA) reported revenue of $86.2M for the third quarter 2025 (Q3 2025), +15% from a year earlier and +2% from the quarter before. Operating margin was 24.7%, net earnings $1.2M (1.4% of revenue).
Easterly Government Properties, Q3 2025: revenue $86.2M (+15% year over year), operating margin 24.7%, net earnings $1.2M, operating cash flow $155M. The chart follows the revenue to costs, profit and cash.
| Q3 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $86.2M | +2% | +15% |
| Operating profit | $21.3M | -0.5% | +8% |
| Net earnings | $1.2M | -70% | -75% |
| Operating cash flow | $155M | +307% | +171% |
What changed
Revenue was $86.2M in Q3 2025, up 15% year over year and up 2% from the previous quarter.
Operating profit was $21.3M, a 24.7% margin (down 1.7 points year over year). Of the extra revenue versus a year earlier, 13% reached operating profit, below the 26% margin then. Total costs grew 18% against revenue growth of 15%. The fastest-growing cost line was Cost of revenue (+24%). Net earnings were $1.2M, down 75% year over year. The effective tax rate was 0.0%.
Operating cash flow was $155.0M (up 171% year over year), 12427% of net income including minority interests. Non-cash charges added back $28.9M of depreciation and amortization and $1.6M of share-based compensation. Working capital and other items added $123.1M.
Questions
What was Easterly Government Properties' revenue in the third quarter 2025?
Easterly Government Properties (DEA) reported revenue of $86.2M for the third quarter 2025 (Q3 2025), +15% from a year earlier and +2% from the quarter before.
Was Easterly Government Properties profitable in the third quarter 2025?
Operating profit was $21.3M (24.7% of revenue) and net earnings $1.2M.