Filing Flows › InvenTrust Properties (IVT) › Q4 2025
InvenTrust Properties (IVT) Q4 2025 earnings results (fourth quarter 2025)
10-K filed Feb 12, 2026
InvenTrust Properties (IVT) reported revenue of $77.4M for the fourth quarter 2025 (Q4 2025), +9% from a year earlier and +4% from the quarter before. Operating margin was -11.0%, net earnings $2.7M (3.4% of revenue).
InvenTrust Properties, Q4 2025: revenue $77.4M (+9% year over year), operating margin -11.0%, net earnings $2.7M, operating cash flow $42.7M. The chart follows the revenue to costs, profit and cash.
| Q4 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $77.4M | +4% | +9% |
| Operating profit | −$8.5M | — | — |
| Net earnings | $2.7M | -56% | — |
| Operating cash flow | $42.7M | -2% | +16% |
| Free cash flow | $28.7M | -9% | +8% |
What changed
Revenue was $77.4M in Q4 2025, up 9% year over year and up 4% from the previous quarter.
Operating costs exceeded revenue by $8.5M, an operating margin of -11.0%. Total costs grew 16% against revenue growth of 9%. The fastest-growing cost line was Other operating costs (+17%). Net earnings were $2.7M, down 73% year over year. The effective tax rate was 0.0%. Non-operating items added $11.1M, 419% of pre-tax earnings, so the bottom line overstates operating performance.
Operating cash flow was $42.7M (up 16% year over year), 1606% of net earnings. Non-cash charges added back $34.4M of depreciation and amortization and $2.7M of share-based compensation. Working capital and other items added $3.0M. Capital expenditures of $14.0M left free cash flow of $28.7M.
Questions
What was InvenTrust Properties' revenue in the fourth quarter 2025?
InvenTrust Properties (IVT) reported revenue of $77.4M for the fourth quarter 2025 (Q4 2025), +9% from a year earlier and +4% from the quarter before.
Was InvenTrust Properties profitable in the fourth quarter 2025?
Operating loss was $8.5M (-11.0% of revenue) and net earnings $2.7M.