Filing Flows › Pebblebrook Hotel Trust (PEB) › Q4 2025
Pebblebrook Hotel Trust (PEB) Q4 2025 earnings results (fourth quarter 2025)
10-K filed Feb 25, 2026
Pebblebrook Hotel Trust (PEB) reported revenue of $349M for the fourth quarter 2025 (Q4 2025), +3% from a year earlier and -12% from the quarter before. Operating margin was 2.5%, net loss $17.0M (4.9% of revenue).
Pebblebrook Hotel Trust, Q4 2025: revenue $349M (+3% year over year), operating margin 2.5%, net loss $17.0M, operating cash flow $31.3M. The chart follows the revenue to costs, profit and cash.
| Q4 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $349M | -12% | +3% |
| Operating profit | $8.9M | — | — |
| Net earnings | −$17.0M | — | — |
| Operating cash flow | $31.3M | -60% | -55% |
| Free cash flow | $4.6M | -92% | -89% |
What changed
Revenue was $349.0M in Q4 2025, up 3% year over year and down 12% from the previous quarter. Room was the largest line at 60% of revenue.
Operating profit was $8.9M, a 2.5% margin (up 9.2 points year over year). Total costs fell 6% while revenue rose 3%. The quarter ended with a net loss of $17.0M, narrower than the previous quarter's $32.4M loss. Net interest and other expense of $27.2M was the main reason.
Operating cash flow was $31.3M (down 55% year over year). Non-cash charges added back $3.5M of share-based compensation. Working capital and other items added $44.8M. Capital expenditures of $26.6M left free cash flow of $4.6M.
Questions
What was Pebblebrook Hotel Trust's revenue in the fourth quarter 2025?
Pebblebrook Hotel Trust (PEB) reported revenue of $349M for the fourth quarter 2025 (Q4 2025), +3% from a year earlier and -12% from the quarter before.
Was Pebblebrook Hotel Trust profitable in the fourth quarter 2025?
Operating profit was $8.9M (2.5% of revenue) and net loss $17.0M.