Filing Flows › Medical Properties Trust (MPT) › Q3 2025
Medical Properties Trust (MPT) Q3 2025 earnings results (third quarter 2025)
10-Q filed Nov 7, 2025
Medical Properties Trust (MPT) reported revenue of $238M for the third quarter 2025 (Q3 2025), +5% from a year earlier and -1% from the quarter before. Operating margin was -3.6%, net loss $77.5M (32.6% of revenue).
Medical Properties Trust, Q3 2025: revenue $238M (+5% year over year), operating margin -3.6%, net loss $77.5M, operating cash flow $18.6M. The chart follows the revenue to costs, profit and cash.
| Q3 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $238M | -1% | +5% |
| Operating profit | −$8.6M | -225% | — |
| Net earnings | −$77.5M | — | — |
| Operating cash flow | $18.6M | -64% | -69% |
What changed
Revenue was $237.5M in Q3 2025, up 5% year over year and down 1% from the previous quarter.
Operating costs exceeded revenue by $8.6M, an operating margin of -3.6%. Total costs fell 30% while revenue rose 5%. The quarter ended with a net loss of $77.5M, narrower than the previous quarter's $98.1M loss. Net interest and other expense of $58.0M was the main reason.
Operating cash flow was $18.6M (down 69% year over year). Non-cash charges added back $69.5M of depreciation and amortization and $12.3M of share-based compensation. Working capital and other items added $14.2M.
Questions
What was Medical Properties Trust's revenue in the third quarter 2025?
Medical Properties Trust (MPT) reported revenue of $238M for the third quarter 2025 (Q3 2025), +5% from a year earlier and -1% from the quarter before.
Was Medical Properties Trust profitable in the third quarter 2025?
Operating loss was $8.6M (-3.6% of revenue) and net loss $77.5M.