Filing Flows › Medical Properties Trust (MPT) › Q2 2025
Medical Properties Trust (MPT) Q2 2025 earnings results (second quarter 2025)
10-Q filed Aug 8, 2025
Medical Properties Trust (MPT) reported revenue of $240M for the second quarter 2025 (Q2 2025), -10% from a year earlier and +7% from the quarter before. Operating margin was 2.9%, net loss $98.1M (40.8% of revenue).
Medical Properties Trust, Q2 2025: revenue $240M (-10% year over year), operating margin 2.9%, net loss $98.1M, operating cash flow $51.7M. The chart follows the revenue to costs, profit and cash.
| Q2 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $240M | +7% | -10% |
| Operating profit | $6.9M | — | — |
| Net earnings | −$98.1M | — | — |
| Operating cash flow | $51.7M | 135× | +47% |
What changed
Revenue was $240.4M in Q2 2025, down 10% year over year and up 7% from the previous quarter.
Operating profit was $6.9M, a 2.9% margin (down 4.6 points year over year). Total costs fell 5% while revenue fell 10%. The fastest-growing cost line was Cost of revenue (+358%). The quarter ended with a net loss of $98.1M, narrower than the previous quarter's $118.0M loss. Net interest and other expense of $95.1M was the main reason.
Operating cash flow was $51.7M (up 47% year over year). Non-cash charges added back $68.2M of depreciation and amortization and $857K of share-based compensation. Working capital and other items added $80.7M.
Questions
What was Medical Properties Trust's revenue in the second quarter 2025?
Medical Properties Trust (MPT) reported revenue of $240M for the second quarter 2025 (Q2 2025), -10% from a year earlier and +7% from the quarter before.
Was Medical Properties Trust profitable in the second quarter 2025?
Operating profit was $6.9M (2.9% of revenue) and net loss $98.1M.