Filing Flows › Seaport Entertainment Group (SEG) › Q4 2025
Seaport Entertainment Group (SEG) Q4 2025 earnings results (fourth quarter 2025)
10-K filed Mar 4, 2026
Seaport Entertainment Group (SEG) reported revenue of $29.5M for the fourth quarter 2025 (Q4 2025), +30% from a year earlier and -35% from the quarter before. Operating margin was -120.5%, net loss $36.5M (123.8% of revenue).
Seaport Entertainment Group, Q4 2025: revenue $29.5M (+30% year over year), operating margin -120.5%, net loss $36.5M, operating cash flow −$23.1M. The chart follows the revenue to costs, profit and cash.
| Q4 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $29.5M | -35% | +30% |
| Operating profit | −$35.5M | — | — |
| Net earnings | −$36.5M | — | — |
| Operating cash flow | −$23.1M | — | — |
What changed
Revenue was $29.5M in Q4 2025, up 30% year over year and down 35% from the previous quarter. Entertainment was the largest line at 43% of revenue.
Operating costs exceeded revenue by $35.5M, an operating margin of -120.5%. Total costs grew 35% against revenue growth of 30%. The fastest-growing cost line was Other operating costs (+52%). The quarter ended with a net loss of $36.5M, wider than the previous quarter's $32.9M loss.
Operating cash flow was −$23.1M. Non-cash charges added back $10.6M of depreciation and amortization. Working capital and other items added $2.8M.
Questions
What was Seaport Entertainment Group's revenue in the fourth quarter 2025?
Seaport Entertainment Group (SEG) reported revenue of $29.5M for the fourth quarter 2025 (Q4 2025), +30% from a year earlier and -35% from the quarter before.
Was Seaport Entertainment Group profitable in the fourth quarter 2025?
Operating loss was $35.5M (-120.5% of revenue) and net loss $36.5M.