Filing Flows › Kilroy Realty (KRC) › Q2 2025
Kilroy Realty (KRC) Q2 2025 earnings results (second quarter 2025)
10-Q filed Jul 29, 2025
Kilroy Realty (KRC) reported revenue of $290M for the second quarter 2025 (Q2 2025), +3% from a year earlier and +7% from the quarter before. Operating margin was 27.4%, net earnings $68.4M (23.6% of revenue).
Kilroy Realty, Q2 2025: revenue $290M (+3% year over year), operating margin 27.4%, net earnings $68.4M, operating cash flow $144M. The chart follows the revenue to costs, profit and cash.
| Q2 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $290M | +7% | +3% |
| Operating profit | $79.6M | +82% | +46% |
| Net earnings | $68.4M | +75% | +39% |
| Operating cash flow | $144M | +5% | +62% |
| Free cash flow | $117M | +44% | — |
What changed
Revenue was $289.9M in Q2 2025, up 3% year over year and up 7% from the previous quarter.
Operating profit was $79.6M, a 27.4% margin (up 8.0 points year over year). Of the extra revenue versus a year earlier, 273% reached operating profit, above the 19% margin then. Total costs fell 7% while revenue rose 3%. Net earnings were $68.4M, up 39% year over year. The effective tax rate was 0.0%.
Operating cash flow was $143.7M (up 62% year over year), 181% of net income including minority interests. Non-cash charges added back $86.2M of depreciation and amortization and $4.6M of share-based compensation. Working capital and other items used $26.6M. Capital expenditures of $26.4M left free cash flow of $117.3M.
Questions
What was Kilroy Realty's revenue in the second quarter 2025?
Kilroy Realty (KRC) reported revenue of $290M for the second quarter 2025 (Q2 2025), +3% from a year earlier and +7% from the quarter before.
Was Kilroy Realty profitable in the second quarter 2025?
Operating profit was $79.6M (27.4% of revenue) and net earnings $68.4M.
Source: Kilroy Realty 10-Q on SEC EDGAR.