Filing Flows › Gladstone Land (LAND) › Q4 2025
Gladstone Land (LAND) Q4 2025 earnings results (fourth quarter 2025)
10-K filed Feb 24, 2026
Gladstone Land (LAND) reported revenue of $41.5M for the fourth quarter 2025 (Q4 2025), +97% from a year earlier and +133% from the quarter before. Operating margin was 10.2%, net earnings $4.2M (10.2% of revenue).
Gladstone Land, Q4 2025: revenue $41.5M (+96% year over year), operating margin 10.2%, net earnings $4.2M, operating cash flow $10.6M. The chart follows the revenue to costs, profit and cash.
| Q4 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $41.5M | +133% | +97% |
| Operating profit | $4.2M | +102% | +680% |
| Net earnings | $4.2M | +102% | +680% |
| Operating cash flow | $10.6M | — | -8% |
| Free cash flow | $9.5M | — | -8% |
What changed
Revenue was $41.5M in Q4 2025, up 97% year over year and up 133% from the previous quarter.
Operating profit was $4.2M, a 10.2% margin (up 7.6 points year over year). Of the extra revenue versus Q4 2024, 18% reached operating profit, above the 3% margin then. Total costs grew 81% against revenue growth of 97%. The fastest-growing cost line was Other operating costs (+84%). Net earnings were $4.2M, up 680% year over year. The effective tax rate was 0.0%.
Operating cash flow was $10.6M (down 8% year over year), 252% of net earnings. Non-cash charges added back $9.4M of depreciation and amortization. Working capital and other items used $3.0M. Capital expenditures of $1.1M left free cash flow of $9.5M.
Questions
What was Gladstone Land's revenue in the fourth quarter 2025?
Gladstone Land (LAND) reported revenue of $41.5M for the fourth quarter 2025 (Q4 2025), +97% from a year earlier and +133% from the quarter before.
Was Gladstone Land profitable in the fourth quarter 2025?
Operating profit was $4.2M (10.2% of revenue) and net earnings $4.2M.
Source: Gladstone Land 10-K on SEC EDGAR.