Filing Flows › Seaport Entertainment Group (SEG) › Q2 2025
Seaport Entertainment Group (SEG) Q2 2025 earnings results (second quarter 2025)
10-Q filed Aug 11, 2025
Seaport Entertainment Group (SEG) reported revenue of $39.8M for the second quarter 2025 (Q2 2025), +18% from a year earlier and +148% from the quarter before. Operating margin was -40.2%, net loss $14.4M (36.2% of revenue).
Seaport Entertainment Group, Q2 2025: revenue $39.8M (+18% year over year), operating margin -40.2%, net loss $14.4M, operating cash flow −$754K. The chart follows the revenue to costs, profit and cash.
| Q2 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $39.8M | +148% | +18% |
| Operating profit | −$16.0M | — | — |
| Net earnings | −$14.4M | — | — |
| Operating cash flow | −$754K | — | — |
What changed
Revenue was $39.8M in Q2 2025, up 18% year over year and up 148% from the previous quarter. Hospitality was the largest line at 38% of revenue. Hospitality added $6.1M year over year (up 68%), 100% of the total change. Rental revenue declined 38%.
Operating costs exceeded revenue by $16.0M, an operating margin of -40.2%. Total costs fell 5% while revenue rose 18%. The fastest-growing cost line was Other operating costs (+18%). The quarter ended with a net loss of $14.4M, narrower than the previous quarter's $31.5M loss.
Operating cash flow was −$754K. Non-cash charges added back $6.6M of depreciation and amortization. Working capital and other items added $7.1M.
Questions
What was Seaport Entertainment Group's revenue in the second quarter 2025?
Seaport Entertainment Group (SEG) reported revenue of $39.8M for the second quarter 2025 (Q2 2025), +18% from a year earlier and +148% from the quarter before.
Was Seaport Entertainment Group profitable in the second quarter 2025?
Operating loss was $16.0M (-40.2% of revenue) and net loss $14.4M.