Filing Flows › ST JOE (JOE) › Q3 2025
ST JOE (JOE) Q3 2025 earnings results (third quarter 2025)
10-Q filed Oct 29, 2025
ST JOE (JOE) reported revenue of $161M for the third quarter 2025 (Q3 2025), +63% from a year earlier and +25% from the quarter before. Operating margin was 32.9%, net earnings $38.7M (24.0% of revenue).
ST JOE, Q3 2025: revenue $161M (+63% year over year), operating margin 32.9%, net earnings $38.7M, operating cash flow $86.2M. The chart follows the revenue to costs, profit and cash.
| Q3 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $161M | +25% | +63% |
| Gross profit | $71.5M | +29% | +83% |
| Operating profit | $52.9M | +43% | +149% |
| Net earnings | $38.7M | +31% | +130% |
| Operating cash flow | $86.2M | +178% | +211% |
| Free cash flow | $85.2M | +187% | +229% |
What changed
Revenue was $161.1M in Q3 2025, up 63% year over year and up 25% from the previous quarter.
Gross margin was 44.4%, up 4.9 points from a year earlier. Operating profit was $52.9M, a 32.9% margin (up 11.4 points year over year). Of the extra revenue versus a year earlier, 51% reached operating profit, above the 21% margin then. Operating expenses grew 4% against revenue growth of 63%. Net earnings were $38.7M, up 130% year over year. The effective tax rate was 25.5%.
Operating cash flow was $86.2M (up 211% year over year), 214% of net income including minority interests. Non-cash charges added back $11.7M of depreciation and amortization and $309K of share-based compensation. Working capital and other items added $34.0M. Capital expenditures of $1.0M left free cash flow of $85.2M.
Questions
What was ST JOE's revenue in the third quarter 2025?
ST JOE (JOE) reported revenue of $161M for the third quarter 2025 (Q3 2025), +63% from a year earlier and +25% from the quarter before.
Was ST JOE profitable in the third quarter 2025?
Operating profit was $52.9M (32.9% of revenue) and net earnings $38.7M.
Source: ST JOE 10-Q on SEC EDGAR.