Filing Flows › RLJ Lodging Trust (RLJ) › Q3 2025
RLJ Lodging Trust (RLJ) Q3 2025 earnings results (third quarter 2025)
10-Q filed Nov 6, 2025
RLJ Lodging Trust (RLJ) reported revenue of $330M for the third quarter 2025 (Q3 2025), -5% from a year earlier and -9% from the quarter before. Operating margin was -1.0%, net loss $3.8M (1.2% of revenue).
RLJ Lodging Trust, Q3 2025: revenue $330M (-4% year over year), operating margin -1.0%, net loss $3.8M, operating cash flow $63.3M. The chart follows the revenue to costs, profit and cash.
| Q3 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $330M | -9% | -5% |
| Operating profit | −$3.5M | -112% | — |
| Net earnings | −$3.8M | -113% | — |
| Operating cash flow | $63.3M | -38% | -21% |
| Free cash flow | $33.6M | -49% | -26% |
What changed
Revenue was $330.0M in Q3 2025, down 5% year over year and down 9% from the previous quarter. Room Revenue was the largest line at 81% of revenue. Room Revenue lost $16.2M year over year (down 6%), 103% of the total change.
Operating costs exceeded revenue by $3.5M, an operating margin of -1.0%. Total costs grew 3% against a revenue fall of 5%. The quarter ended with a net loss of $3.8M, after a profit of $28.6M the previous quarter.
Operating cash flow was $63.3M (down 21% year over year). Non-cash charges added back $47.0M of depreciation and amortization and $4.0M of share-based compensation. Working capital and other items added $16.1M. Capital expenditures of $29.7M left free cash flow of $33.6M.
Questions
What was RLJ Lodging Trust's revenue in the third quarter 2025?
RLJ Lodging Trust (RLJ) reported revenue of $330M for the third quarter 2025 (Q3 2025), -5% from a year earlier and -9% from the quarter before.
Was RLJ Lodging Trust profitable in the third quarter 2025?
Operating loss was $3.5M (-1.0% of revenue) and net loss $3.8M.
Source: RLJ Lodging Trust 10-Q on SEC EDGAR.