Filing Flows › Netstreit (NTST) › Q2 2025
Netstreit (NTST) Q2 2025 earnings results (second quarter 2025)
10-Q filed Jul 23, 2025
Netstreit (NTST) reported revenue of $48.3M for the second quarter 2025 (Q2 2025), +22% from a year earlier and +5% from the quarter before. Operating margin was 25.5%, net earnings $3.3M (6.8% of revenue).
Netstreit, Q2 2025: revenue $48.3M (+22% year over year), operating margin 25.5%, net earnings $3.3M, operating cash flow $30.6M. The chart follows the revenue to costs, profit and cash.
| Q2 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $48.3M | +5% | +22% |
| Operating profit | $12.3M | +9% | +56% |
| Net earnings | $3.3M | +93% | — |
| Operating cash flow | $30.6M | +39% | +21% |
| Free cash flow | $29.2M | +52% | +119% |
What changed
Revenue was $48.3M in Q2 2025, up 22% year over year and up 5% from the previous quarter.
Operating profit was $12.3M, a 25.5% margin (up 5.6 points year over year). Of the extra revenue versus a year earlier, 51% reached operating profit, above the 20% margin then. Total costs grew 14% against revenue growth of 22%. The fastest-growing cost line was Other operating costs (+15%). Net earnings were $3.3M. The effective tax rate was 0.4%.
Operating cash flow was $30.6M (up 21% year over year), 931% of net earnings. Non-cash charges added back $21.5M of depreciation and amortization and $1.5M of share-based compensation. Working capital and other items added $4.3M. Capital expenditures of $1.4M left free cash flow of $29.2M.
Questions
What was Netstreit's revenue in the second quarter 2025?
Netstreit (NTST) reported revenue of $48.3M for the second quarter 2025 (Q2 2025), +22% from a year earlier and +5% from the quarter before.
Was Netstreit profitable in the second quarter 2025?
Operating profit was $12.3M (25.5% of revenue) and net earnings $3.3M.
Source: Netstreit 10-Q on SEC EDGAR.