Filing Flows › Gladstone Land (LAND) › Q1 2025
Gladstone Land (LAND) Q1 2025 earnings results (first quarter 2025)
10-Q filed May 12, 2025
Gladstone Land (LAND) reported revenue of $16.8M for the first quarter 2025 (Q1 2025), -17% from a year earlier and -20% from the quarter before. Operating margin was 89.9%, net earnings $15.1M (89.9% of revenue).
Gladstone Land, Q1 2025: revenue $16.8M (-17% year over year), operating margin 89.9%, net earnings $15.1M, operating cash flow $4.5M. The chart follows the revenue to costs, profit and cash.
| Q1 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $16.8M | -20% | -17% |
| Operating profit | $15.1M | 28× | +11% |
| Net earnings | $15.1M | 28× | +11% |
| Operating cash flow | $4.5M | -61% | +31% |
| Free cash flow | $2.7M | -74% | +38% |
What changed
Revenue was $16.8M in Q1 2025, down 17% year over year and down 20% from the previous quarter.
Operating profit was $15.1M, a 89.9% margin (up 22.9 points year over year). Total costs fell 75% while revenue fell 17%. The fastest-growing cost line was General & admin (+20%). Net earnings were $15.1M, up 11% year over year. The effective tax rate was 0.0%.
Operating cash flow was $4.5M (up 31% year over year), 30% of net earnings. Non-cash charges added back $8.4M of depreciation and amortization. Working capital and other items used $19.1M. Capital expenditures of $1.8M left free cash flow of $2.7M.
Questions
What was Gladstone Land's revenue in the first quarter 2025?
Gladstone Land (LAND) reported revenue of $16.8M for the first quarter 2025 (Q1 2025), -17% from a year earlier and -20% from the quarter before.
Was Gladstone Land profitable in the first quarter 2025?
Operating profit was $15.1M (89.9% of revenue) and net earnings $15.1M.
Source: Gladstone Land 10-Q on SEC EDGAR.