Filing Flows › Netstreit (NTST) › Q3 2025
Netstreit (NTST) Q3 2025 earnings results (third quarter 2025)
10-Q filed Oct 27, 2025
Netstreit (NTST) reported revenue of $48.3M for the third quarter 2025 (Q3 2025), +17% from a year earlier and 0% from the quarter before. Operating margin was 24.8%, net earnings $621K (1.3% of revenue).
Netstreit, Q3 2025: revenue $48.3M (+17% year over year), operating margin 24.8%, net earnings $621K, operating cash flow $28.0M. The chart follows the revenue to costs, profit and cash.
| Q3 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $48.3M | 0% | +17% |
| Operating profit | $12.0M | -3% | +407% |
| Net earnings | $621K | -81% | — |
| Operating cash flow | $28.0M | -9% | +11% |
| Free cash flow | $28.0M | -4% | +39% |
What changed
Revenue was $48.3M in Q3 2025, up 17% year over year and roughly flat from the previous quarter.
Operating profit was $12.0M, a 24.8% margin (up 19.1 points year over year). Of the extra revenue versus a year earlier, 140% reached operating profit, above the 6% margin then. Total costs fell 7% while revenue rose 17%. The fastest-growing cost line was General & admin (+20%). Net earnings were $618K. The effective tax rate was 1.9%.
Operating cash flow was $28.0M (up 11% year over year), 4505% of net earnings. Non-cash charges added back $21.4M of depreciation and amortization and $1.5M of share-based compensation. Working capital and other items added $4.5M. Capital expenditures of $14K left free cash flow of $28.0M.
Questions
What was Netstreit's revenue in the third quarter 2025?
Netstreit (NTST) reported revenue of $48.3M for the third quarter 2025 (Q3 2025), +17% from a year earlier and 0% from the quarter before.
Was Netstreit profitable in the third quarter 2025?
Operating profit was $12.0M (24.8% of revenue) and net earnings $621K.
Source: Netstreit 10-Q on SEC EDGAR.