Filing Flows › Kilroy Realty (KRC) › Q4 2025
Kilroy Realty (KRC) Q4 2025 earnings results (fourth quarter 2025)
10-K filed Feb 11, 2026
Kilroy Realty (KRC) reported revenue of $272M for the fourth quarter 2025 (Q4 2025), -5% from a year earlier and -3% from the quarter before. Operating margin was 6.3%, net earnings $12.4M (4.6% of revenue).
Kilroy Realty, Q4 2025: revenue $272M (-5% year over year), operating margin 6.3%, net earnings $12.4M, operating cash flow $109M. The chart follows the revenue to costs, profit and cash.
| Q4 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $272M | -3% | -5% |
| Operating profit | $17.1M | -89% | -74% |
| Net earnings | $12.4M | -92% | -79% |
| Operating cash flow | $109M | -38% | +0.8% |
| Free cash flow | $58.2M | -57% | +75% |
What changed
Revenue was $272.2M in Q4 2025, down 5% year over year and down 3% from the previous quarter.
Operating profit was $17.1M, a 6.3% margin (down 16.4 points year over year). Total costs grew 15% against a revenue fall of 5%. The fastest-growing cost line was Other operating costs (+15%). Net earnings were $12.4M, down 79% year over year. The effective tax rate was 0.0%.
Operating cash flow was $109.1M (up 1% year over year), 638% of net income including minority interests. Non-cash charges added back $91.2M of depreciation and amortization and $5.1M of share-based compensation. Capital expenditures of $50.8M left free cash flow of $58.2M.
Questions
What was Kilroy Realty's revenue in the fourth quarter 2025?
Kilroy Realty (KRC) reported revenue of $272M for the fourth quarter 2025 (Q4 2025), -5% from a year earlier and -3% from the quarter before.
Was Kilroy Realty profitable in the fourth quarter 2025?
Operating profit was $17.1M (6.3% of revenue) and net earnings $12.4M.
Source: Kilroy Realty 10-K on SEC EDGAR.