Filing Flows › New England Realty Associates Limited Partnership (NEN) › Q3 2025
New England Realty Associates Limited Partnership (NEN) Q3 2025 earnings results (third quarter 2025)
10-Q filed Nov 7, 2025
New England Realty Associates Limited Partnership (NEN) reported revenue of $23.7M for the third quarter 2025 (Q3 2025), +17% from a year earlier and +12% from the quarter before. Operating margin was 20.0%, net loss $522K (2.2% of revenue).
New England Realty Associates Limited Partnership, Q3 2025: revenue $23.7M (+17% year over year), operating margin 20.0%, net loss $522K, operating cash flow $2.3M. The chart follows the revenue to costs, profit and cash.
| Q3 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $23.7M | +12% | +17% |
| Operating profit | $4.7M | -33% | — |
| Net earnings | −$522K | -113% | — |
| Operating cash flow | $2.3M | -81% | -72% |
| Free cash flow | $119K | -98% | -97% |
What changed
Revenue was $23.7M in Q3 2025, up 17% year over year and up 12% from the previous quarter.
Operating profit was $4.7M, a 20.0% margin (down 12.0 points year over year). Operating profit fell $1.7M even though revenue rose $3.5M versus a year earlier, so costs grew faster than sales. Total costs grew 38% against revenue growth of 17%. The fastest-growing cost line was Other operating costs (+38%). The quarter ended with a net loss of $522K, after a profit of $4.1M the previous quarter. Net interest and other expense of $5.3M was the main reason.
Operating cash flow was $2.3M (down 72% year over year). Non-cash charges added back $7.4M of depreciation and amortization. Working capital and other items used $4.5M. Capital expenditures of $2.2M left free cash flow of $119K.
Questions
What was New England Realty Associates Limited Partnership's revenue in the third quarter 2025?
New England Realty Associates Limited Partnership (NEN) reported revenue of $23.7M for the third quarter 2025 (Q3 2025), +17% from a year earlier and +12% from the quarter before.
Was New England Realty Associates Limited Partnership profitable in the third quarter 2025?
Operating profit was $4.7M (20.0% of revenue) and net loss $522K.
Source: New England Realty Associates Limited Partnership 10-Q on SEC EDGAR.