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Power REIT (PW) Q4 2025 earnings results (fourth quarter 2025)

10-K filed Mar 31, 2026

Power REIT (PW) reported revenue of $506K for the fourth quarter 2025 (Q4 2025), -11% from a year earlier and -1% from the quarter before. Operating margin was -258.2%, net loss $1.3M (262.1% of revenue).

Revenue$506K
Year over year-11%
Quarter over quarter-1%
Operating margin-258.2%
Net earnings−$1.3M

Power REIT, Q4 2025: revenue $506K (-11% year over year), operating margin -258.2%, net loss $1.3M, operating cash flow $132K. The chart follows the revenue to costs, profit and cash.

Q4 2025AmountQ/QY/Y
Revenue$506K-1%-11%
Operating profit−$1.3M——
Net earnings−$1.3M-693%—
Operating cash flow$132K-72%—

What changed

Revenue was $506K in Q4 2025, down 11% year over year and down 1% from the previous quarter.

Operating costs exceeded revenue by $1.3M, an operating margin of -258.2%. Total costs fell 49% while revenue fell 11%. The quarter ended with a net loss of $1.3M, after a profit of $224K the previous quarter.

Operating cash flow was $132K. Non-cash charges added back $84K of depreciation and amortization. Working capital and other items added $1.4M.

Questions

What was Power REIT's revenue in the fourth quarter 2025?

Power REIT (PW) reported revenue of $506K for the fourth quarter 2025 (Q4 2025), -11% from a year earlier and -1% from the quarter before.

Was Power REIT profitable in the fourth quarter 2025?

Operating loss was $1.3M (-258.2% of revenue) and net loss $1.3M.

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Source: Power REIT 10-K on SEC EDGAR.