Filing Flows › Gladstone Commercial (GOOD) › Q1 2025
Gladstone Commercial (GOOD) Q1 2025 earnings results (first quarter 2025)
10-Q filed May 7, 2025
Gladstone Commercial (GOOD) reported revenue of $37.5M for the first quarter 2025 (Q1 2025), +5% from a year earlier and +0.3% from the quarter before. Operating margin was 13.7%, net earnings $5.1M (13.7% of revenue).
Gladstone Commercial, Q1 2025: revenue $37.5M (+5% year over year), operating margin 13.7%, net earnings $5.1M, operating cash flow $17.7M. The chart follows the revenue to costs, profit and cash.
| Q1 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $37.5M | +0.3% | +5% |
| Operating profit | $5.1M | -29% | +46% |
| Net earnings | $5.1M | -29% | +46% |
| Operating cash flow | $17.7M | -22% | +18% |
What changed
Revenue was $37.5M in Q1 2025, up 5% year over year and roughly flat from the previous quarter.
Operating profit was $5.1M, a 13.7% margin (up 3.8 points year over year). Of the extra revenue versus a year earlier, 90% reached operating profit, above the 10% margin then. Total costs grew 1% against revenue growth of 5%. Net earnings were $5.1M, up 46% year over year. The effective tax rate was 0.0%.
Operating cash flow was $17.7M (up 18% year over year), 344% of net earnings. Non-cash charges added back $13.2M of depreciation and amortization.
Questions
What was Gladstone Commercial's revenue in the first quarter 2025?
Gladstone Commercial (GOOD) reported revenue of $37.5M for the first quarter 2025 (Q1 2025), +5% from a year earlier and +0.3% from the quarter before.
Was Gladstone Commercial profitable in the first quarter 2025?
Operating profit was $5.1M (13.7% of revenue) and net earnings $5.1M.