Filing Flows › FRP Holdings (FRPH) › Q3 2025
FRP Holdings (FRPH) Q3 2025 earnings results (third quarter 2025)
10-Q filed Nov 7, 2025
FRP Holdings (FRPH) reported revenue of $10.8M for the third quarter 2025 (Q3 2025), +1% from a year earlier and -0.7% from the quarter before. Operating margin was 12.6%, net earnings $662K (6.1% of revenue).
FRP Holdings, Q3 2025: revenue $10.8M (+1% year over year), operating margin 12.6%, net earnings $662K, operating cash flow $8.1M. The chart follows the revenue to costs, profit and cash.
| Q3 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $10.8M | -0.7% | +1% |
| Operating profit | $1.4M | -18% | -56% |
| Net earnings | $662K | +15% | -51% |
| Operating cash flow | $8.1M | -7% | +28% |
What changed
Revenue was $10.8M in Q3 2025, up 1% year over year and down 1% from the previous quarter.
Operating profit was $1.4M, a 12.6% margin (down 16.3 points year over year). Operating profit fell $1.7M even though revenue rose $142K versus a year earlier, so costs grew faster than sales. Total costs grew 25% against revenue growth of 1%. The fastest-growing cost line was Other operating costs (+35%). Net earnings were $662K, down 51% year over year ($565K including minority interests, which bore $97K of losses). The effective tax rate was 26.4%.
Operating cash flow was $8.1M (up 28% year over year), 1430% of net income including minority interests. Non-cash charges added back $3.0M of depreciation and amortization and $362K of share-based compensation. Working capital and other items added $4.1M. Capital expenditures of $25.0M exceeded it, leaving free cash flow of −$16.9M.
Questions
What was FRP Holdings' revenue in the third quarter 2025?
FRP Holdings (FRPH) reported revenue of $10.8M for the third quarter 2025 (Q3 2025), +1% from a year earlier and -0.7% from the quarter before.
Was FRP Holdings profitable in the third quarter 2025?
Operating profit was $1.4M (12.6% of revenue) and net earnings $662K.
Source: FRP Holdings 10-Q on SEC EDGAR.