Filing Flows › Orion Properties (ONL) › Q3 2026 › vs Q3 2025
Orion Properties (ONL) Q3 2026 vs Q3 2025 (year over year)
Orion Properties's revenue fell $1.7M (-5%) from $37.1M in Q3 2025 to $35.4M in Q3 2026. The biggest changes: Rental Revenue −$1.7M (-5%); Fee income from Unconsolidated Joint Venture −$6K (-3%).
Orion Properties, Q3 2026: revenue $35.4M (-4% year over year), operating margin 10.7%, net loss $3.3M, operating cash flow $10.0M. The chart draws each line against Q3 2025, the increases inside each band.
Margins
| Q3 2026 | Q3 2025 | Change | |
|---|---|---|---|
| Free cash flow margin | 5.8% | -30.2% | +36.0 pts |
Every line
| Line | Q3 2026 | Q3 2025 | Change | % |
|---|---|---|---|---|
| Rental Revenue | $35.2M | $36.9M | −$1.7M | -5% |
| Fee income from Unconsolidated Joint Venture | $198K | $204K | −$6K | -3% |
| Revenue | $35.4M | $37.1M | −$1.7M | -5% |
| Net loss | $3.3M | $69.0M | −$65.8M | -95% |
| Costs & expenses | $38.7M | $106M | −$67.4M | -64% |
| Operating costs | $31.7M | $100M | −$68.8M | -68% |
| Interest & other, net | $7.0M | $5.7M | $1.3M | +23% |
| Income tax | $69K | $67K | $2K | +3% |
| General & admin | $4.7M | $4.6M | $128K | +3% |
| Other operating costs | $26.9M | $95.8M | −$68.9M | -72% |
| Operating cash sources | $13.3M | $15.7M | −$2.4M | -15% |
| Depreciation & amortization | $12.5M | $14.7M | −$2.2M | -15% |
| Share-based compensation | $804K | $972K | −$168K | -17% |
| Net loss absorbed | $3.3M | $69.0M | −$65.8M | -95% |
| Working capital & other | $40K | −$59.1M | $59.1M | — |
| Operating cash flow | $10.0M | $5.7M | $4.3M | +74% |
| Free cash flow (OCF − capex) | $2.0M | −$11.2M | $13.3M | — |
| Capital expenditures | $8.0M | $17.0M | −$9.0M | -53% |
Questions
How much did Orion Properties's revenue grow year over year in Q3 2026?
Orion Properties's revenue fell $1.7M (-5%) from $37.1M in Q3 2025 to $35.4M in Q3 2026.
What drove Orion Properties's revenue change in Q3 2026?
Rental Revenue −$1.7M (-5%); Fee income from Unconsolidated Joint Venture −$6K (-3%).