Filing Flows › Portsmouth Square (PRSI) › Q3 FY25
Portsmouth Square (PRSI) Q3 FY25 earnings results (third quarter fiscal 2025)
10-Q filed May 15, 2025
Portsmouth Square (PRSI) reported revenue of $12.2M for the third quarter fiscal 2025 (Q3 FY25), +13% from a year earlier and +23% from the quarter before. Operating margin was 10.4%, net loss $712K (5.8% of revenue).
Portsmouth Square, Q3 FY25: revenue $12.2M (+14% year over year), operating margin 10.4%, net loss $712K, operating cash flow −$5.2M. The chart follows the revenue to costs, profit and cash.
| Q3 FY25 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $12.2M | +23% | +13% |
| Operating profit | $1.3M | — | — |
| Net earnings | −$712K | — | — |
| Operating cash flow | −$5.2M | — | — |
What changed
Revenue was $12.2M in Q3 FY25, up 13% year over year and up 23% from the previous quarter. Hotel Rooms was the largest line at 86% of revenue. Hotel Rooms added $1.5M year over year (up 17%), 104% of the total change. Food and Beverage declined 21%.
Operating profit was $1.3M, a 10.4% margin (up 7.0 points year over year). Of the extra revenue versus a year earlier, 62% reached operating profit, above the 3% margin then. Total costs grew 5% against revenue growth of 13%. The fastest-growing cost line was General & admin (+29%). The quarter ended with a net loss of $712K, narrower than the previous quarter's $4.0M loss. Net interest and other expense of $2.0M was the main reason.
Operating cash flow was −$5.2M. Non-cash charges added back $874K of depreciation. Working capital and other items used $5.4M. Capital expenditures of $297K exceeded it, leaving free cash flow of −$5.5M.
Questions
What was Portsmouth Square's revenue in the third quarter fiscal 2025?
Portsmouth Square (PRSI) reported revenue of $12.2M for the third quarter fiscal 2025 (Q3 FY25), +13% from a year earlier and +23% from the quarter before.
Was Portsmouth Square profitable in the third quarter fiscal 2025?
Operating profit was $1.3M (10.4% of revenue) and net loss $712K.
Source: Portsmouth Square 10-Q on SEC EDGAR.