Filing Flows › New England Realty Associates Limited Partnership (NEN) › Q4 2025
New England Realty Associates Limited Partnership (NEN) Q4 2025 earnings results (fourth quarter 2025)
10-K filed Mar 13, 2026
New England Realty Associates Limited Partnership (NEN) reported revenue of $23.6M for the fourth quarter 2025 (Q4 2025), +16% from a year earlier and -0.4% from the quarter before. Operating margin was 14.0%, net loss $1.4M (5.9% of revenue).
New England Realty Associates Limited Partnership, Q4 2025: revenue $23.6M (+16% year over year), operating margin 14.0%, net loss $1.4M, operating cash flow $7.3M. The chart follows the revenue to costs, profit and cash.
| Q4 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $23.6M | -0.4% | +16% |
| Operating profit | $3.3M | -30% | — |
| Net earnings | −$1.4M | — | — |
| Operating cash flow | $7.3M | +211% | -39% |
| Free cash flow | $2.5M | 21× | -66% |
What changed
Revenue was $23.6M in Q4 2025, up 16% year over year and roughly flat from the previous quarter.
Operating profit was $3.3M, a 14.0% margin (down 18.4 points year over year). Operating profit fell $3.3M even though revenue rose $3.2M versus a year earlier, so costs grew faster than sales. Total costs grew 47% against revenue growth of 16%. The fastest-growing cost line was Other operating costs (+49%). The quarter ended with a net loss of $1.4M, wider than the previous quarter's $522K loss. Net interest and other expense of $4.7M was the main reason.
Operating cash flow was $7.3M (down 39% year over year). Non-cash charges added back $7.5M of depreciation and amortization. Working capital and other items added $1.2M. Capital expenditures of $4.8M left free cash flow of $2.5M.
Questions
What was New England Realty Associates Limited Partnership's revenue in the fourth quarter 2025?
New England Realty Associates Limited Partnership (NEN) reported revenue of $23.6M for the fourth quarter 2025 (Q4 2025), +16% from a year earlier and -0.4% from the quarter before.
Was New England Realty Associates Limited Partnership profitable in the fourth quarter 2025?
Operating profit was $3.3M (14.0% of revenue) and net loss $1.4M.
Source: New England Realty Associates Limited Partnership 10-K on SEC EDGAR.