Filing Flows › Franklin Street Properties (FSP) › Q2 2025
Franklin Street Properties (FSP) Q2 2025 earnings results (second quarter 2025)
10-Q filed Jul 29, 2025
Franklin Street Properties (FSP) reported revenue of $26.7M for the second quarter 2025 (Q2 2025), -13% from a year earlier and -1% from the quarter before. Operating margin was -31.5%, net loss $7.9M (29.5% of revenue).
Franklin Street Properties, Q2 2025: revenue $26.7M (-13% year over year), operating margin -31.5%, net loss $7.9M, operating cash flow −$2.9M. The chart follows the revenue to costs, profit and cash.
| Q2 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $26.7M | -1% | -13% |
| Operating profit | −$8.4M | — | — |
| Net earnings | −$7.9M | — | — |
| Operating cash flow | −$2.9M | — | — |
What changed
Revenue was $26.7M in Q2 2025, down 13% year over year and down 1% from the previous quarter.
Operating costs exceeded revenue by $8.4M, an operating margin of -31.5%. Total costs fell 10% while revenue fell 13%. The quarter ended with a net loss of $7.9M, narrower than the previous quarter's $21.4M loss.
Operating cash flow was −$2.9M. Non-cash charges added back $11.3M of depreciation and amortization. Working capital and other items used $6.3M. Capital expenditures of $2.9M exceeded it, leaving free cash flow of −$5.7M.
Questions
What was Franklin Street Properties' revenue in the second quarter 2025?
Franklin Street Properties (FSP) reported revenue of $26.7M for the second quarter 2025 (Q2 2025), -13% from a year earlier and -1% from the quarter before.
Was Franklin Street Properties profitable in the second quarter 2025?
Operating loss was $8.4M (-31.5% of revenue) and net loss $7.9M.