Filing Flows › ST JOE (JOE) › Q2 2025
ST JOE (JOE) Q2 2025 earnings results (second quarter 2025)
10-Q filed Jul 23, 2025
ST JOE (JOE) reported revenue of $129M for the second quarter 2025 (Q2 2025), +16% from a year earlier and +37% from the quarter before. Operating margin was 28.6%, net earnings $29.5M (22.9% of revenue).
ST JOE, Q2 2025: revenue $129M (+16% year over year), operating margin 28.6%, net earnings $29.5M, operating cash flow $31.1M. The chart follows the revenue to costs, profit and cash.
| Q2 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $129M | +37% | +16% |
| Gross profit | $55.4M | +56% | +11% |
| Operating profit | $37.0M | +119% | +13% |
| Net earnings | $29.5M | +69% | +20% |
| Operating cash flow | $31.1M | +7% | +36% |
| Free cash flow | $29.7M | +7% | +38% |
What changed
Revenue was $129.1M in Q2 2025, up 16% year over year and up 37% from the previous quarter.
Gross margin was 42.9%, down 1.7 points from a year earlier. Operating profit was $37.0M, a 28.6% margin (down 0.6 points year over year). Of the extra revenue versus a year earlier, 25% reached operating profit, below the 29% margin then. Operating expenses grew 8% against revenue growth of 16%. Net earnings were $29.5M, up 20% year over year. The effective tax rate was 25.0%.
Operating cash flow was $31.1M (up 36% year over year), 104% of net earnings. Non-cash charges added back $12.0M of depreciation and amortization and $305K of share-based compensation. Working capital and other items used $11.0M. Capital expenditures of $1.4M left free cash flow of $29.7M.
Questions
What was ST JOE's revenue in the second quarter 2025?
ST JOE (JOE) reported revenue of $129M for the second quarter 2025 (Q2 2025), +16% from a year earlier and +37% from the quarter before.
Was ST JOE profitable in the second quarter 2025?
Operating profit was $37.0M (28.6% of revenue) and net earnings $29.5M.
Source: ST JOE 10-Q on SEC EDGAR.