Filing Flows › Greystone Housing Impact Investors LP (GHI) › Q3 2025
Greystone Housing Impact Investors LP (GHI) Q3 2025 earnings results (third quarter 2025)
10-Q filed Nov 6, 2025
Greystone Housing Impact Investors LP (GHI) reported revenue of $21.7M for the third quarter 2025 (Q3 2025), -11% from a year earlier and -5% from the quarter before. Operating margin was 15.2%, net earnings $2.0M (9.1% of revenue).
Greystone Housing Impact Investors LP, Q3 2025: revenue $21.7M (-11% year over year), operating margin 15.2%, net earnings $2.0M, operating cash flow $7.4M. The chart follows the revenue to costs, profit and cash.
| Q3 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $21.7M | -5% | -11% |
| Operating profit | $3.3M | — | — |
| Net earnings | $2.0M | — | — |
| Operating cash flow | $7.4M | -34% | +51% |
What changed
Revenue was $21.7M in Q3 2025, down 11% year over year and down 5% from the previous quarter.
Operating profit was $3.3M, a 15.2% margin (up 34.2 points year over year). Total costs fell 37% while revenue fell 11%. Net earnings were $2.0M. The effective tax rate was -0.1%.
Operating cash flow was $7.4M (up 51% year over year), 377% of net earnings. Non-cash charges added back $1K of depreciation. Working capital and other items added $5.4M.
Questions
What was Greystone Housing Impact Investors LP's revenue in the third quarter 2025?
Greystone Housing Impact Investors LP (GHI) reported revenue of $21.7M for the third quarter 2025 (Q3 2025), -11% from a year earlier and -5% from the quarter before.
Was Greystone Housing Impact Investors LP profitable in the third quarter 2025?
Operating profit was $3.3M (15.2% of revenue) and net earnings $2.0M.
Source: Greystone Housing Impact Investors LP 10-Q on SEC EDGAR.