Filing Flows › National Healthcare Properties (NHP) › Q1 2025
National Healthcare Properties (NHP) Q1 2025 earnings results (first quarter 2025)
10-Q filed May 8, 2025
National Healthcare Properties (NHP) reported revenue of $86.4M for the first quarter 2025 (Q1 2025), -2% from a year earlier and -1% from the quarter before. Operating margin was 15.1%, net loss $1.5M (1.8% of revenue).
National Healthcare Properties, Q1 2025: revenue $86.4M (-2% year over year), operating margin 15.1%, net loss $1.5M, operating cash flow −$21.2M. The chart follows the revenue to costs, profit and cash.
| Q1 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $86.4M | -1% | -2% |
| Operating profit | $13.0M | — | — |
| Net earnings | −$1.5M | — | — |
| Operating cash flow | −$21.2M | — | — |
What changed
Revenue was $86.4M in Q1 2025, down 2% year over year and down 1% from the previous quarter. Seniors Housing Communities was the largest line at 65% of revenue. OMF Segment lost $4.0M year over year (down 11%), 214% of the total change.
Gross margin was 33.1%, down 4.5 points from a year earlier. Operating profit was $13.0M, a 15.1% margin (up 16.3 points year over year). Operating expenses fell 55% while revenue fell 2%. The quarter ended with a net loss of $1.5M, narrower than the previous quarter's $17.0M loss. Net interest and other expense of $14.5M was the main reason.
Operating cash flow was −$21.2M. Non-cash charges added back $23.7M of depreciation and amortization. Working capital and other items used $43.4M. Capital expenditures of $5.7M exceeded it, leaving free cash flow of −$26.9M.
Questions
What was National Healthcare Properties' revenue in the first quarter 2025?
National Healthcare Properties (NHP) reported revenue of $86.4M for the first quarter 2025 (Q1 2025), -2% from a year earlier and -1% from the quarter before.
Was National Healthcare Properties profitable in the first quarter 2025?
Operating profit was $13.0M (15.1% of revenue) and net loss $1.5M.