Filing Flows › Gladstone Commercial (GOOD) › Q2 2025
Gladstone Commercial (GOOD) Q2 2025 earnings results (second quarter 2025)
10-Q filed Aug 6, 2025
Gladstone Commercial (GOOD) reported revenue of $39.5M for the second quarter 2025 (Q2 2025), +7% from a year earlier and +5% from the quarter before. Operating margin was 11.7%, net earnings $4.6M (11.7% of revenue).
Gladstone Commercial, Q2 2025: revenue $39.5M (+7% year over year), operating margin 11.7%, net earnings $4.6M, operating cash flow $35.8M. The chart follows the revenue to costs, profit and cash.
| Q2 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $39.5M | +5% | +7% |
| Operating profit | $4.6M | -10% | +190% |
| Net earnings | $4.6M | -10% | +190% |
| Operating cash flow | $35.8M | +103% | +164% |
What changed
Revenue was $39.5M in Q2 2025, up 7% year over year and up 5% from the previous quarter.
Operating profit was $4.6M, a 11.7% margin (up 7.4 points year over year). Of the extra revenue versus a year earlier, 123% reached operating profit, above the 4% margin then. Total costs fell 2% while revenue rose 7%. The fastest-growing cost line was General & admin (+34%). Net earnings were $4.6M, up 188% year over year. The effective tax rate was 0.0%.
Operating cash flow was $35.8M (up 164% year over year), 774% of net earnings. Non-cash charges added back $14.2M of depreciation and amortization. Working capital and other items added $17.0M.
Questions
What was Gladstone Commercial's revenue in the second quarter 2025?
Gladstone Commercial (GOOD) reported revenue of $39.5M for the second quarter 2025 (Q2 2025), +7% from a year earlier and +5% from the quarter before.
Was Gladstone Commercial profitable in the second quarter 2025?
Operating profit was $4.6M (11.7% of revenue) and net earnings $4.6M.