Filing Flows › Franklin Street Properties (FSP) › Q1 2025
Franklin Street Properties (FSP) Q1 2025 earnings results (first quarter 2025)
10-Q filed Apr 29, 2025
Franklin Street Properties (FSP) reported revenue of $27.1M for the first quarter 2025 (Q1 2025), -13% from a year earlier and -4% from the quarter before. Operating margin was -30.8%, net loss $21.4M (79.1% of revenue).
Franklin Street Properties, Q1 2025: revenue $27.1M (-13% year over year), operating margin -30.8%, net loss $21.4M, operating cash flow −$5.5M. The chart follows the revenue to costs, profit and cash.
| Q1 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $27.1M | -4% | -13% |
| Operating profit | −$8.4M | — | — |
| Net earnings | −$21.4M | — | — |
| Operating cash flow | −$5.5M | — | — |
What changed
Revenue was $27.1M in Q1 2025, down 13% year over year and down 4% from the previous quarter.
Operating costs exceeded revenue by $8.4M, an operating margin of -30.8%. Total costs fell 10% while revenue fell 13%. The quarter ended with a net loss of $21.4M, wider than the previous quarter's $8.5M loss. Net interest and other expense of $13.0M was the main reason.
Operating cash flow was −$5.5M. Non-cash charges added back $11.5M of depreciation and amortization. Working capital and other items added $4.4M. Capital expenditures of $4.5M exceeded it, leaving free cash flow of −$9.9M.
Questions
What was Franklin Street Properties' revenue in the first quarter 2025?
Franklin Street Properties (FSP) reported revenue of $27.1M for the first quarter 2025 (Q1 2025), -13% from a year earlier and -4% from the quarter before.
Was Franklin Street Properties profitable in the first quarter 2025?
Operating loss was $8.4M (-30.8% of revenue) and net loss $21.4M.