Filing Flows › Orion Properties (ONL) › Q1 2025
Orion Properties (ONL) Q1 2025 earnings results (first quarter 2025)
10-Q filed May 7, 2025
Orion Properties (ONL) reported revenue of $38.0M for the first quarter 2025 (Q1 2025), -19% from a year earlier and -0.9% from the quarter before. Operating margin was -3.0%, net loss $9.4M (24.6% of revenue).
Orion Properties, Q1 2025: revenue $38.0M (-20% year over year), operating margin -3.0%, net loss $9.4M, operating cash flow −$2.2M. The chart follows the revenue to costs, profit and cash.
| Q1 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $38.0M | -0.9% | -19% |
| Operating profit | −$1.1M | — | — |
| Net earnings | −$9.4M | — | — |
| Operating cash flow | −$2.2M | — | — |
What changed
Revenue was $38.0M in Q1 2025, down 19% year over year and down 1% from the previous quarter. Rental Revenue was the largest line at 99% of revenue. Rental Revenue lost $9.2M year over year (down 20%), 100% of the total change.
Operating costs exceeded revenue by $1.1M, an operating margin of -3.0%. Total costs fell 40% while revenue fell 19%. The quarter ended with a net loss of $9.4M, narrower than the previous quarter's $32.7M loss. Net interest and other expense of $8.1M was the main reason.
Operating cash flow was −$2.2M. Non-cash charges added back $16.0M of depreciation and amortization and $704K of share-based compensation. Working capital and other items used $9.6M. Capital expenditures of $5.6M exceeded it, leaving free cash flow of −$7.9M.
Questions
What was Orion Properties' revenue in the first quarter 2025?
Orion Properties (ONL) reported revenue of $38.0M for the first quarter 2025 (Q1 2025), -19% from a year earlier and -0.9% from the quarter before.
Was Orion Properties profitable in the first quarter 2025?
Operating loss was $1.1M (-3.0% of revenue) and net loss $9.4M.
Source: Orion Properties 10-Q on SEC EDGAR.