Filing Flows › Gladstone Land (LAND) › Q2 2025
Gladstone Land (LAND) Q2 2025 earnings results (second quarter 2025)
10-Q filed Aug 7, 2025
Gladstone Land (LAND) reported revenue of $12.3M for the second quarter 2025 (Q2 2025), -42% from a year earlier and -27% from the quarter before. Operating margin was -64.1%, net loss $7.9M (64.1% of revenue).
Gladstone Land, Q2 2025: revenue $12.3M (-42% year over year), operating margin -64.1%, net loss $7.9M, operating cash flow $3.9M. The chart follows the revenue to costs, profit and cash.
| Q2 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $12.3M | -27% | -42% |
| Operating profit | −$7.9M | -152% | — |
| Net earnings | −$7.9M | -152% | — |
| Operating cash flow | $3.9M | -12% | -75% |
| Free cash flow | $1.1M | -58% | -93% |
What changed
Revenue was $12.3M in Q2 2025, down 42% year over year and down 27% from the previous quarter.
Operating costs exceeded revenue by $7.9M, an operating margin of -64.1%. Total costs fell 9% while revenue fell 42%. The quarter ended with a net loss of $7.9M, after a profit of $15.1M the previous quarter.
Operating cash flow was $3.9M (down 75% year over year). Non-cash charges added back $8.4M of depreciation and amortization. Working capital and other items added $3.5M. Capital expenditures of $2.8M left free cash flow of $1.1M.
Questions
What was Gladstone Land's revenue in the second quarter 2025?
Gladstone Land (LAND) reported revenue of $12.3M for the second quarter 2025 (Q2 2025), -42% from a year earlier and -27% from the quarter before.
Was Gladstone Land profitable in the second quarter 2025?
Operating loss was $7.9M (-64.1% of revenue) and net loss $7.9M.
Source: Gladstone Land 10-Q on SEC EDGAR.