Filing Flows › Netstreit (NTST) › Q1 2025
Netstreit (NTST) Q1 2025 earnings results (first quarter 2025)
10-Q filed Apr 28, 2025
Netstreit (NTST) reported revenue of $45.9M for the first quarter 2025 (Q1 2025), +22% from a year earlier and +4% from the quarter before. Operating margin was 24.7%, net earnings $1.7M (3.7% of revenue).
Netstreit, Q1 2025: revenue $45.9M (+22% year over year), operating margin 24.7%, net earnings $1.7M, operating cash flow $22.1M. The chart follows the revenue to costs, profit and cash.
| Q1 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $45.9M | +4% | +22% |
| Operating profit | $11.4M | +584% | +74% |
| Net earnings | $1.7M | — | +62% |
| Operating cash flow | $22.1M | -21% | +90% |
| Free cash flow | $19.3M | -26% | — |
What changed
Revenue was $45.9M in Q1 2025, up 22% year over year and up 4% from the previous quarter.
Operating profit was $11.4M, a 24.7% margin (up 7.4 points year over year). Of the extra revenue versus a year earlier, 59% reached operating profit, above the 17% margin then. Total costs grew 11% against revenue growth of 22%. The fastest-growing cost line was Other operating costs (+16%). Net earnings were $1.7M, up 62% year over year. The effective tax rate was 0.9%.
Operating cash flow was $22.1M (up 90% year over year), 1299% of net earnings. Non-cash charges added back $20.9M of depreciation and amortization and $1.4M of share-based compensation. Working capital and other items used $1.9M. Capital expenditures of $2.8M left free cash flow of $19.3M.
Questions
What was Netstreit's revenue in the first quarter 2025?
Netstreit (NTST) reported revenue of $45.9M for the first quarter 2025 (Q1 2025), +22% from a year earlier and +4% from the quarter before.
Was Netstreit profitable in the first quarter 2025?
Operating profit was $11.4M (24.7% of revenue) and net earnings $1.7M.
Source: Netstreit 10-Q on SEC EDGAR.