Filing Flows › Office Properties Income Trust (OPI) › Q3 2025
Office Properties Income Trust (OPI) Q3 2025 earnings results (third quarter 2025)
10-Q filed May 22, 2026
Office Properties Income Trust (OPI) reported revenue of $109M for the third quarter 2025 (Q3 2025), -10% from a year earlier and -5% from the quarter before. Operating margin was -12.5%, net loss $66.3M (60.8% of revenue).
Office Properties Income Trust, Q3 2025: revenue $109M (-10% year over year), operating margin -12.5%, net loss $66.3M, operating cash flow −$12.2M. The chart follows the revenue to costs, profit and cash.
| Q3 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $109M | -5% | -10% |
| Operating profit | −$13.7M | -231% | — |
| Net earnings | −$66.3M | — | — |
| Operating cash flow | −$12.2M | -138% | — |
What changed
Revenue was $109.1M in Q3 2025, down 10% year over year and down 5% from the previous quarter.
Operating costs exceeded revenue by $13.7M, an operating margin of -12.5%. Total costs fell 15% while revenue fell 10%. The quarter ended with a net loss of $66.3M, wider than the previous quarter's $41.2M loss. Net interest and other expense of $52.8M was the main reason.
Operating cash flow was −$12.2M. Non-cash charges added back $42.8M of depreciation and amortization. Working capital and other items added $11.3M. Capital expenditures of $14.0M exceeded it, leaving free cash flow of −$26.2M.
Questions
What was Office Properties Income Trust's revenue in the third quarter 2025?
Office Properties Income Trust (OPI) reported revenue of $109M for the third quarter 2025 (Q3 2025), -10% from a year earlier and -5% from the quarter before.
Was Office Properties Income Trust profitable in the third quarter 2025?
Operating loss was $13.7M (-12.5% of revenue) and net loss $66.3M.