Filing Flows › Seaport Entertainment Group (SEG) › Q3 2025
Seaport Entertainment Group (SEG) Q3 2025 earnings results (third quarter 2025)
10-Q filed Nov 10, 2025
Seaport Entertainment Group (SEG) reported revenue of $45.0M for the third quarter 2025 (Q3 2025), +14% from a year earlier and +13% from the quarter before. Operating margin was -75.2%, net loss $32.9M (73.0% of revenue).
Seaport Entertainment Group, Q3 2025: revenue $45.0M (+14% year over year), operating margin -75.2%, net loss $32.9M, operating cash flow −$5.3M. The chart follows the revenue to costs, profit and cash.
| Q3 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $45.0M | +13% | +14% |
| Operating profit | −$33.9M | — | — |
| Net earnings | −$32.9M | — | — |
| Operating cash flow | −$5.3M | — | — |
What changed
Revenue was $45.0M in Q3 2025, up 14% year over year and up 13% from the previous quarter. Entertainment was the largest line at 49% of revenue. Hospitality added $7.6M year over year (up 85%), 136% of the total change. Rental revenue declined 15%.
Operating costs exceeded revenue by $33.9M, an operating margin of -75.2%. Total costs grew 33% against revenue growth of 14%. The fastest-growing cost line was Other operating costs (+48%). The quarter ended with a net loss of $32.9M, wider than the previous quarter's $14.4M loss.
Operating cash flow was −$5.3M. Non-cash charges added back $6.9M of depreciation and amortization. Working capital and other items added $20.6M.
Questions
What was Seaport Entertainment Group's revenue in the third quarter 2025?
Seaport Entertainment Group (SEG) reported revenue of $45.0M for the third quarter 2025 (Q3 2025), +14% from a year earlier and +13% from the quarter before.
Was Seaport Entertainment Group profitable in the third quarter 2025?
Operating loss was $33.9M (-75.2% of revenue) and net loss $32.9M.