Filing Flows › Farmland Partners (FPI) › Q3 2025
Farmland Partners (FPI) Q3 2025 earnings results (third quarter 2025)
10-Q filed Oct 30, 2025
Farmland Partners (FPI) reported revenue of $11.3M for the third quarter 2025 (Q3 2025), -16% from a year earlier and +13% from the quarter before. Operating margin was 4.3%, net earnings $483K (4.3% of revenue).
Farmland Partners, Q3 2025: revenue $11.3M (-16% year over year), operating margin 4.3%, net earnings $483K, operating cash flow −$2.0M. The chart follows the revenue to costs, profit and cash.
| Q3 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $11.3M | +13% | -16% |
| Operating profit | $483K | -94% | -74% |
| Net earnings | $483K | -94% | -73% |
| Operating cash flow | −$2.0M | — | — |
What changed
Revenue was $11.3M in Q3 2025, down 16% year over year and up 13% from the previous quarter.
Operating profit was $483K, a 4.3% margin (down 9.6 points year over year). Total costs fell 6% while revenue fell 16%. Net earnings were $483K, down 73% year over year. The effective tax rate was -1.7%.
Operating cash flow was −$2.0M. Non-cash charges added back $938K of depreciation and amortization and $515K of share-based compensation. Working capital and other items used $3.9M. Capital expenditures of $182K exceeded it, leaving free cash flow of −$2.1M.
Questions
What was Farmland Partners' revenue in the third quarter 2025?
Farmland Partners (FPI) reported revenue of $11.3M for the third quarter 2025 (Q3 2025), -16% from a year earlier and +13% from the quarter before.
Was Farmland Partners profitable in the third quarter 2025?
Operating profit was $483K (4.3% of revenue) and net earnings $483K.
Source: Farmland Partners 10-Q on SEC EDGAR.