Filing Flows › NewLake Capital Partners (NLCP) › Q2 2025
NewLake Capital Partners (NLCP) Q2 2025 earnings results (second quarter 2025)
10-Q filed Aug 7, 2025
NewLake Capital Partners (NLCP) reported revenue of $12.9M for the second quarter 2025 (Q2 2025), +4% from a year earlier and -2% from the quarter before. Operating margin was 58.5%, net earnings $7.3M (56.6% of revenue).
NewLake Capital Partners, Q2 2025: revenue $12.9M (+4% year over year), operating margin 58.5%, net earnings $7.3M, operating cash flow $11.5M. The chart follows the revenue to costs, profit and cash.
| Q2 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $12.9M | -2% | +4% |
| Operating profit | $7.6M | +16% | +9% |
| Net earnings | $7.3M | +16% | +8% |
| Operating cash flow | $11.5M | +13% | -2% |
What changed
Revenue was $12.9M in Q2 2025, up 4% year over year and down 2% from the previous quarter.
Operating profit was $7.6M, a 58.5% margin (up 2.6 points year over year). Of the extra revenue versus a year earlier, 126% reached operating profit, above the 56% margin then. Total costs fell 2% while revenue rose 4%. Net earnings were $7.3M, up 8% year over year. The effective tax rate was 0.0%.
Operating cash flow was $11.5M (down 2% year over year), 154% of net earnings. Non-cash charges added back $3.9M of depreciation and amortization and $46K of share-based compensation.
Questions
What was NewLake Capital Partners' revenue in the second quarter 2025?
NewLake Capital Partners (NLCP) reported revenue of $12.9M for the second quarter 2025 (Q2 2025), +4% from a year earlier and -2% from the quarter before.
Was NewLake Capital Partners profitable in the second quarter 2025?
Operating profit was $7.6M (58.5% of revenue) and net earnings $7.3M.