Filing Flows › Easterly Government Properties (DEA) › Q4 2025
Easterly Government Properties (DEA) Q4 2025 earnings results (fourth quarter 2025)
10-K filed Feb 23, 2026
Easterly Government Properties (DEA) reported revenue of $87.0M for the fourth quarter 2025 (Q4 2025), +11% from a year earlier and +1% from the quarter before. Operating margin was 24.5%, net earnings $4.6M (5.3% of revenue).
Easterly Government Properties, Q4 2025: revenue $87.0M (+11% year over year), operating margin 24.5%, net earnings $4.6M, operating cash flow $41.9M. The chart follows the revenue to costs, profit and cash.
| Q4 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $87.0M | +1% | +11% |
| Operating profit | $21.3M | +0.1% | +0.9% |
| Net earnings | $4.6M | +279% | -16% |
| Operating cash flow | $41.9M | -73% | +71% |
What changed
Revenue was $87.0M in Q4 2025, up 11% year over year and up 1% from the previous quarter.
Operating profit was $21.3M, a 24.5% margin (down 2.5 points year over year). Of the extra revenue versus a year earlier, 2% reached operating profit, below the 27% margin then. Total costs grew 15% against revenue growth of 11%. The fastest-growing cost line was Other operating costs (+20%). Net earnings were $4.6M, down 16% year over year. The effective tax rate was 0.0%.
Operating cash flow was $41.9M (up 71% year over year), 879% of net income including minority interests. Non-cash charges added back $29.6M of depreciation and amortization and $1.6M of share-based compensation. Working capital and other items added $5.9M.
Questions
What was Easterly Government Properties' revenue in the fourth quarter 2025?
Easterly Government Properties (DEA) reported revenue of $87.0M for the fourth quarter 2025 (Q4 2025), +11% from a year earlier and +1% from the quarter before.
Was Easterly Government Properties profitable in the fourth quarter 2025?
Operating profit was $21.3M (24.5% of revenue) and net earnings $4.6M.