Filing Flows › Sachem Capital (SACH) › Q3 2025
Sachem Capital (SACH) Q3 2025 earnings results (third quarter 2025)
10-Q filed Nov 5, 2025
Sachem Capital (SACH) reported revenue of $12.0M for the third quarter 2025 (Q3 2025), -19% from a year earlier and +11% from the quarter before. Operating margin was -3.1%, net earnings $997K (8.3% of revenue).
Sachem Capital, Q3 2025: revenue $12.0M (-19% year over year), operating margin -3.1%, net earnings $997K, operating cash flow $4.9M. The chart follows the revenue to costs, profit and cash.
| Q3 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $12.0M | +11% | -19% |
| Operating profit | −$367K | -134% | — |
| Net earnings | $997K | -47% | — |
| Operating cash flow | $4.9M | +884% | +112% |
| Free cash flow | $4.9M | — | +111% |
What changed
Revenue was $12.0M in Q3 2025, down 19% year over year and up 11% from the previous quarter.
Operating costs exceeded revenue by $367K, an operating margin of -3.1%. Total costs fell 37% while revenue fell 19%. Net earnings were $1.0M. The effective tax rate was 0.0%. Non-operating items added $1.4M, 137% of pre-tax earnings, so the bottom line overstates operating performance.
Operating cash flow was $4.9M (up 112% year over year), 495% of net earnings. Non-cash charges added back $134K of depreciation and amortization and $217K of share-based compensation. Working capital and other items added $3.6M. Capital expenditures of $12K left free cash flow of $4.9M.
Questions
What was Sachem Capital's revenue in the third quarter 2025?
Sachem Capital (SACH) reported revenue of $12.0M for the third quarter 2025 (Q3 2025), -19% from a year earlier and +11% from the quarter before.
Was Sachem Capital profitable in the third quarter 2025?
Operating loss was $367K (-3.1% of revenue) and net earnings $997K.
Source: Sachem Capital 10-Q on SEC EDGAR.