Filing Flows › Netstreit (NTST) › Q4 2025
Netstreit (NTST) Q4 2025 earnings results (fourth quarter 2025)
10-K filed Feb 10, 2026
Netstreit (NTST) reported revenue of $52.5M for the fourth quarter 2025 (Q4 2025), +19% from a year earlier and +9% from the quarter before. Operating margin was 27.7%, net earnings $1.3M (2.5% of revenue).
Netstreit, Q4 2025: revenue $52.5M (+19% year over year), operating margin 27.7%, net earnings $1.3M, operating cash flow $28.8M. The chart follows the revenue to costs, profit and cash.
| Q4 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $52.5M | +9% | +19% |
| Operating profit | $14.6M | +22% | +777% |
| Net earnings | $1.3M | +114% | — |
| Operating cash flow | $28.8M | +3% | +3% |
| Free cash flow | $24.1M | -14% | -8% |
What changed
Revenue was $52.5M in Q4 2025, up 19% year over year and up 9% from the previous quarter.
Operating profit was $14.6M, a 27.7% margin (up 24.0 points year over year). Of the extra revenue versus a year earlier, 153% reached operating profit, above the 4% margin then. Total costs fell 11% while revenue rose 19%. The fastest-growing cost line was General & admin (+34%). Net earnings were $1.3M. The effective tax rate was 1.0%.
Operating cash flow was $28.8M (up 3% year over year), 2169% of net earnings. Non-cash charges added back $22.6M of depreciation and amortization and $1.5M of share-based compensation. Working capital and other items added $3.4M. Capital expenditures of $4.7M left free cash flow of $24.1M.
Questions
What was Netstreit's revenue in the fourth quarter 2025?
Netstreit (NTST) reported revenue of $52.5M for the fourth quarter 2025 (Q4 2025), +19% from a year earlier and +9% from the quarter before.
Was Netstreit profitable in the fourth quarter 2025?
Operating profit was $14.6M (27.7% of revenue) and net earnings $1.3M.
Source: Netstreit 10-K on SEC EDGAR.