Filing Flows › Greystone Housing Impact Investors LP (GHI) › Q4 2025
Greystone Housing Impact Investors LP (GHI) Q4 2025 earnings results (fourth quarter 2025)
10-K filed Mar 16, 2026
Greystone Housing Impact Investors LP (GHI) reported revenue of $15.0M for the fourth quarter 2025 (Q4 2025), -34% from a year earlier and -31% from the quarter before. Operating margin was 9.8%, net loss $5.8M (38.9% of revenue).
Greystone Housing Impact Investors LP, Q4 2025: revenue $15.0M (-34% year over year), operating margin 9.8%, net loss $5.8M, operating cash flow $8.6M. The chart follows the revenue to costs, profit and cash.
| Q4 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $15.0M | -31% | -34% |
| Operating profit | $1.5M | -55% | -86% |
| Net earnings | −$5.8M | -397% | -158% |
| Operating cash flow | $8.6M | +17% | +86% |
What changed
Revenue was $15.0M in Q4 2025, down 34% year over year and down 31% from the previous quarter.
Operating profit was $1.5M, a 9.8% margin (down 35.1 points year over year). Total costs grew 9% against a revenue fall of 34%. The fastest-growing cost line was Other operating costs (+12%). The quarter ended with a net loss of $5.8M, after a profit of $2.0M the previous quarter. Net interest and other expense of $6.5M was the main reason.
Operating cash flow was $8.6M (up 86% year over year). Non-cash charges added back $1K of depreciation. Working capital and other items added $14.5M.
Questions
What was Greystone Housing Impact Investors LP's revenue in the fourth quarter 2025?
Greystone Housing Impact Investors LP (GHI) reported revenue of $15.0M for the fourth quarter 2025 (Q4 2025), -34% from a year earlier and -31% from the quarter before.
Was Greystone Housing Impact Investors LP profitable in the fourth quarter 2025?
Operating profit was $1.5M (9.8% of revenue) and net loss $5.8M.
Source: Greystone Housing Impact Investors LP 10-K on SEC EDGAR.