Filing Flows › LTC Properties (LTC) › Q3 2025
LTC Properties (LTC) Q3 2025 earnings results (third quarter 2025)
10-Q filed Nov 4, 2025
LTC Properties (LTC) reported revenue of $69.3M for the third quarter 2025 (Q3 2025), +24% from a year earlier and +15% from the quarter before. Operating margin was 71.9%, net loss $18.5M (26.8% of revenue).
LTC Properties, Q3 2025: revenue $69.3M (+24% year over year), operating margin 71.9%, net loss $18.5M, operating cash flow $38.4M. The chart follows the revenue to costs, profit and cash.
| Q3 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $69.3M | +15% | +24% |
| Operating profit | $49.8M | +3% | — |
| Net earnings | −$18.5M | -223% | — |
| Operating cash flow | $38.4M | +28% | +13% |
| Free cash flow | $34.3M | +19% | +24% |
What changed
Revenue was $69.3M in Q3 2025, up 24% year over year and up 15% from the previous quarter.
Operating profit was $49.8M, a 71.9% margin (down 23.7 points year over year). Operating profit fell $3.5M even though revenue rose $13.5M versus a year earlier, so costs grew faster than sales. Total costs grew 682% against revenue growth of 24%. The quarter ended with a net loss of $18.5M, after a profit of $16.5M the previous quarter. Net interest and other expense of $68.3M was the main reason.
Operating cash flow was $38.4M (up 13% year over year). Non-cash charges added back $9.0M of depreciation and amortization and $2.1M of share-based compensation. Working capital and other items added $45.9M. Capital expenditures of $4.2M left free cash flow of $34.3M.
Questions
What was LTC Properties' revenue in the third quarter 2025?
LTC Properties (LTC) reported revenue of $69.3M for the third quarter 2025 (Q3 2025), +24% from a year earlier and +15% from the quarter before.
Was LTC Properties profitable in the third quarter 2025?
Operating profit was $49.8M (71.9% of revenue) and net loss $18.5M.
Source: LTC Properties 10-Q on SEC EDGAR.