Filing Flows › Farmland Partners (FPI) › Q2 2025
Farmland Partners (FPI) Q2 2025 earnings results (second quarter 2025)
10-Q filed Jul 24, 2025
Farmland Partners (FPI) reported revenue of $10.0M for the second quarter 2025 (Q2 2025), -13% from a year earlier and -3% from the quarter before. Operating margin was 78.2%, net earnings $7.6M (76.3% of revenue).
Farmland Partners, Q2 2025: revenue $10.0M (-13% year over year), operating margin 78.2%, net earnings $7.6M, operating cash flow −$2.2M. The chart follows the revenue to costs, profit and cash.
| Q2 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $10.0M | -3% | -13% |
| Operating profit | $7.8M | +269% | — |
| Net earnings | $7.6M | +273% | — |
| Operating cash flow | −$2.2M | -134% | — |
What changed
Revenue was $10.0M in Q2 2025, down 13% year over year and down 3% from the previous quarter.
Operating profit was $7.8M, a 78.2% margin (up 96.1 points year over year). Total costs fell 84% while revenue fell 13%. Net earnings were $7.6M. The effective tax rate was -0.1%.
Operating cash flow was −$2.2M. Non-cash charges added back $1.1M of depreciation and amortization and $528K of share-based compensation. Working capital and other items used $11.6M. Capital expenditures of $191K exceeded it, leaving free cash flow of −$2.4M.
Questions
What was Farmland Partners' revenue in the second quarter 2025?
Farmland Partners (FPI) reported revenue of $10.0M for the second quarter 2025 (Q2 2025), -13% from a year earlier and -3% from the quarter before.
Was Farmland Partners profitable in the second quarter 2025?
Operating profit was $7.8M (78.2% of revenue) and net earnings $7.6M.
Source: Farmland Partners 10-Q on SEC EDGAR.