Filing Flows › Farmland Partners (FPI) › Q1 2025
Farmland Partners (FPI) Q1 2025 earnings results (first quarter 2025)
10-Q filed May 8, 2025
Farmland Partners (FPI) reported revenue of $10.3M for the first quarter 2025 (Q1 2025), -14% from a year earlier and -52% from the quarter before. Operating margin was 20.6%, net earnings $2.0M (19.9% of revenue).
Farmland Partners, Q1 2025: revenue $10.3M (-14% year over year), operating margin 20.6%, net earnings $2.0M, operating cash flow $6.4M. The chart follows the revenue to costs, profit and cash.
| Q1 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $10.3M | -52% | -14% |
| Operating profit | $2.1M | -96% | +48% |
| Net earnings | $2.0M | -97% | +49% |
| Operating cash flow | $6.4M | -56% | -46% |
| Free cash flow | $6.3M | -56% | -47% |
What changed
Revenue was $10.3M in Q1 2025, down 14% year over year and down 52% from the previous quarter.
Operating profit was $2.1M, a 20.6% margin (up 8.7 points year over year). Total costs fell 23% while revenue fell 14%. Net earnings were $2.0M, up 49% year over year. The effective tax rate was 0.8%.
Operating cash flow was $6.4M (down 46% year over year), 304% of net income including minority interests. Non-cash charges added back $1.2M of depreciation and amortization and $519K of share-based compensation. Working capital and other items added $2.6M. Capital expenditures of $60K left free cash flow of $6.3M.
Questions
What was Farmland Partners' revenue in the first quarter 2025?
Farmland Partners (FPI) reported revenue of $10.3M for the first quarter 2025 (Q1 2025), -14% from a year earlier and -52% from the quarter before.
Was Farmland Partners profitable in the first quarter 2025?
Operating profit was $2.1M (20.6% of revenue) and net earnings $2.0M.
Source: Farmland Partners 10-Q on SEC EDGAR.