Filing Flows › EPR Properties (EPR) › Q4 2025
EPR Properties (EPR) Q4 2025 earnings results (fourth quarter 2025)
10-K filed Feb 26, 2026
EPR Properties (EPR) reported revenue of $183M for the fourth quarter 2025 (Q4 2025), +3% from a year earlier and +0.4% from the quarter before. Operating margin was 56.8%, net earnings $66.9M (36.6% of revenue).
EPR Properties, Q4 2025: revenue $183M (+3% year over year), operating margin 56.8%, net earnings $66.9M, operating cash flow $97.8M. The chart follows the revenue to costs, profit and cash.
| Q4 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $183M | +0.4% | +3% |
| Operating profit | $104M | +6% | +129% |
| Net earnings | $66.9M | +0.5% | — |
| Operating cash flow | $97.8M | -28% | +5% |
What changed
Revenue was $182.9M in Q4 2025, up 3% year over year and roughly flat from the previous quarter. Experiential Reportable Operating Segment was the largest line at 95% of revenue.
Operating profit was $103.8M, a 56.8% margin (up 31.2 points year over year). Of the extra revenue versus a year earlier, 1025% reached operating profit, above the 26% margin then. Total costs fell 40% while revenue rose 3%. The fastest-growing cost line was General & admin (+19%). Net earnings were $66.9M. The effective tax rate was 1.4%.
Operating cash flow was $97.8M (up 5% year over year), 146% of net earnings. Non-cash charges added back $43.6M of depreciation and amortization and $3.6M of share-based compensation. Working capital and other items used $16.3M. Capital expenditures of $127.8M exceeded it, leaving free cash flow of −$30.1M.
Questions
What was EPR Properties' revenue in the fourth quarter 2025?
EPR Properties (EPR) reported revenue of $183M for the fourth quarter 2025 (Q4 2025), +3% from a year earlier and +0.4% from the quarter before.
Was EPR Properties profitable in the fourth quarter 2025?
Operating profit was $104M (56.8% of revenue) and net earnings $66.9M.
Source: EPR Properties 10-K on SEC EDGAR.