Filing Flows › Greystone Housing Impact Investors LP (GHI) › Q1 2025
Greystone Housing Impact Investors LP (GHI) Q1 2025 earnings results (first quarter 2025)
10-Q filed May 7, 2025
Greystone Housing Impact Investors LP (GHI) reported revenue of $24.3M for the first quarter 2025 (Q1 2025), +9% from a year earlier and +8% from the quarter before. Operating margin was 13.9%, net earnings $3.3M (13.7% of revenue).
Greystone Housing Impact Investors LP, Q1 2025: revenue $24.3M (+9% year over year), operating margin 13.9%, net earnings $3.3M, operating cash flow $10.3M. The chart follows the revenue to costs, profit and cash.
| Q1 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $24.3M | +8% | +9% |
| Operating profit | $3.4M | -67% | -68% |
| Net earnings | $3.3M | -67% | -69% |
| Operating cash flow | $10.3M | +123% | +207% |
What changed
Revenue was $24.3M in Q1 2025, up 9% year over year and up 8% from the previous quarter.
Operating profit was $3.4M, a 13.9% margin (down 33.7 points year over year). Operating profit fell $7.3M even though revenue rose $2.0M versus a year earlier, so costs grew faster than sales. Total costs grew 79% against revenue growth of 9%. The fastest-growing cost line was Other operating costs (+141%). Net earnings were $3.3M, down 69% year over year. The effective tax rate was -0.1%.
Operating cash flow was $10.3M (up 207% year over year), 311% of net earnings. Non-cash charges added back $4K of depreciation. Working capital and other items added $7.0M.
Questions
What was Greystone Housing Impact Investors LP's revenue in the first quarter 2025?
Greystone Housing Impact Investors LP (GHI) reported revenue of $24.3M for the first quarter 2025 (Q1 2025), +9% from a year earlier and +8% from the quarter before.
Was Greystone Housing Impact Investors LP profitable in the first quarter 2025?
Operating profit was $3.4M (13.9% of revenue) and net earnings $3.3M.
Source: Greystone Housing Impact Investors LP 10-Q on SEC EDGAR.