Filing Flows › Medalist Diversified (MDRR) › Q2 2025
Medalist Diversified (MDRR) Q2 2025 earnings results (second quarter 2025)
10-Q filed Aug 7, 2025
Medalist Diversified (MDRR) reported revenue of $2.5M for the second quarter 2025 (Q2 2025), +7% from a year earlier and +6% from the quarter before. Operating margin was 9.8%, net loss $331K (13.4% of revenue).
Medalist Diversified, Q2 2025: revenue $2.5M (+7% year over year), operating margin 9.8%, net loss $331K, operating cash flow $244K. The chart follows the revenue to costs, profit and cash.
| Q2 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $2.5M | +6% | +7% |
| Operating profit | $242K | — | — |
| Net earnings | −$331K | — | — |
| Operating cash flow | $244K | -47% | -69% |
What changed
Revenue was $2.5M in Q2 2025, up 7% year over year and up 6% from the previous quarter. Retail center property was the largest line at 65% of revenue. Single tenant net lease property added $95K year over year (up 101%), 58% of the total change. Flex center properties declined 1%.
Operating profit was $242K, a 9.8% margin (up 0.4 points year over year). Of the extra revenue versus a year earlier, 16% reached operating profit, above the 9% margin then. Total costs grew 7% against revenue growth of 7%. The fastest-growing cost line was General & admin (+67%). The quarter ended with a net loss of $331K, narrower than the previous quarter's $1.0M loss. Net interest and other expense of $573K was the main reason.
Operating cash flow was $244K (down 69% year over year). Non-cash charges added back $933K of depreciation and amortization. Working capital and other items used $358K. Capital expenditures of $426K exceeded it, leaving free cash flow of −$182K.
Questions
What was Medalist Diversified's revenue in the second quarter 2025?
Medalist Diversified (MDRR) reported revenue of $2.5M for the second quarter 2025 (Q2 2025), +7% from a year earlier and +6% from the quarter before.
Was Medalist Diversified profitable in the second quarter 2025?
Operating profit was $242K (9.8% of revenue) and net loss $331K.