Filing Flows › Gladstone Land (LAND) › Q3 2025
Gladstone Land (LAND) Q3 2025 earnings results (third quarter 2025)
10-Q filed Nov 5, 2025
Gladstone Land (LAND) reported revenue of $17.8M for the third quarter 2025 (Q3 2025), -21% from a year earlier and +45% from the quarter before. Operating margin was 11.7%, net earnings $2.1M (11.7% of revenue).
Gladstone Land, Q3 2025: revenue $17.8M (-21% year over year), operating margin 11.7%, net earnings $2.1M, operating cash flow −$12.0M. The chart follows the revenue to costs, profit and cash.
| Q3 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $17.8M | +45% | -21% |
| Operating profit | $2.1M | — | 348× |
| Net earnings | $2.1M | — | 348× |
| Operating cash flow | −$12.0M | -405% | — |
What changed
Revenue was $17.8M in Q3 2025, down 21% year over year and up 45% from the previous quarter.
Operating profit was $2.1M, a 11.7% margin (up 11.7 points year over year). Total costs fell 30% while revenue fell 21%. Net earnings were $2.1M, up 34683% year over year. The effective tax rate was 0.0%.
Operating cash flow was −$12.0M. Non-cash charges added back $8.4M of depreciation and amortization. Working capital and other items used $22.5M. Capital expenditures of $1.4M exceeded it, leaving free cash flow of −$13.5M.
Questions
What was Gladstone Land's revenue in the third quarter 2025?
Gladstone Land (LAND) reported revenue of $17.8M for the third quarter 2025 (Q3 2025), -21% from a year earlier and +45% from the quarter before.
Was Gladstone Land profitable in the third quarter 2025?
Operating profit was $2.1M (11.7% of revenue) and net earnings $2.1M.
Source: Gladstone Land 10-Q on SEC EDGAR.