Filing Flows › Franklin Street Properties (FSP) › Q3 2025
Franklin Street Properties (FSP) Q3 2025 earnings results (third quarter 2025)
10-Q filed Oct 28, 2025
Franklin Street Properties (FSP) reported revenue of $27.3M for the third quarter 2025 (Q3 2025), -8% from a year earlier and +2% from the quarter before. Operating margin was -31.4%, net loss $8.3M (30.5% of revenue).
Franklin Street Properties, Q3 2025: revenue $27.3M (-8% year over year), operating margin -31.4%, net loss $8.3M, operating cash flow $8.3M. The chart follows the revenue to costs, profit and cash.
| Q3 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $27.3M | +2% | -8% |
| Operating profit | −$8.6M | — | — |
| Net earnings | −$8.3M | — | — |
| Operating cash flow | $8.3M | — | -43% |
| Free cash flow | $3.0M | — | -65% |
What changed
Revenue was $27.3M in Q3 2025, down 8% year over year and up 2% from the previous quarter.
Operating costs exceeded revenue by $8.6M, an operating margin of -31.4%. Total costs fell 5% while revenue fell 8%. The quarter ended with a net loss of $8.3M, wider than the previous quarter's $7.9M loss.
Operating cash flow was $8.3M (down 43% year over year). Non-cash charges added back $11.2M of depreciation and amortization. Working capital and other items added $5.4M. Capital expenditures of $5.3M left free cash flow of $3.0M.
Questions
What was Franklin Street Properties' revenue in the third quarter 2025?
Franklin Street Properties (FSP) reported revenue of $27.3M for the third quarter 2025 (Q3 2025), -8% from a year earlier and +2% from the quarter before.
Was Franklin Street Properties profitable in the third quarter 2025?
Operating loss was $8.6M (-31.4% of revenue) and net loss $8.3M.