Q3 2026 Revenue up 17% year over year to $8.3M · 97¢ of every $1 of revenue kept as net profit · operating margin 97.5%
Seven Hills Realty Trust made $8.3M in Q3 2026 (+17% Y/Y). Operating margin 97.5%, net earnings $8.1M. See where every dollar goes — costs, profit and cash — as a Sankey from the 10-Q filed Oct 28, 2026.
Revenue$8.3M
Year over year+17%
Operating margin97.5%
Net earnings$8.1M
Operating cash flow$5.7M
Drawing the Sankey…
Open the interactive Sankey →click any line for what the company wrote about it, compare Y/Y and Q/Q, export as PNG or PDF
What changed this quarter
Revenue was $8.3M in Q3 2026, up 17% year over year and up 2% from the previous quarter.
Operating profit was $8.1M, a 97.5% margin (up 49.1 points year over year). Of the extra revenue versus Q3 2025, 393% reached operating profit, above the 48% margin then. Total costs fell 94% while revenue rose 17%. Net earnings were $8.1M, up 135% year over year. The effective tax rate was 0.1%.
Operating cash flow was $5.7M (up 79% year over year), 70% of net earnings. Non-cash charges added back $271K of depreciation and amortization and $585K of share-based compensation. Working capital and other items used $3.3M.
Quarterly history
Quarter
Form
Filed
Revenue
Y/Y
Op. margin
Net earnings
Op. cash flow
Q3 2026
10-Q
Oct 28, 2026
$8.3M
+17%
97.5%
$8.1M
$5.7M
Q2 2026
10-Q
Jul 28, 2026
$8.1M
+10%
-10.8%
−$867K
$4.5M
Q1 2026
10-Q
Apr 28, 2026
$8.3M
+10%
52.7%
$4.4M
$5.0M
Q4 2025
10-K
Feb 18, 2026
$7.3M
-5%
65.7%
$4.8M
$3.2M
Q3 2025
10-Q
Oct 27, 2025
$7.1M
-20%
48.3%
$3.4M
$3.2M
Q2 2025
10-Q
Jul 28, 2025
$7.4M
-21%
36.2%
$2.7M
$5.0M
Q1 2025
10-Q
Apr 28, 2025
$7.6M
-19%
59.8%
$4.5M
$3.7M
Charts
Latest (Q3 2026): Y/Y +17%, Q/Q +2%.From the cash-flow statement as filed (SEC XBRL). Cash is fungible: the bars do not say which dollar paid for what.Latest (Q3 2026): Net income $8.1M, Operating cash flow $5.7M.+34.8% since FY2021: more shares outstanding (issuance, stock pay).Real Estate Investment Trusts; dot size is quarterly revenue; dashed lines are the industry's medians.
Interactive views
The same charts as the app — open one to draw it.
💵Where each $1 goesinteractive
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🌏Named in Asian annual reportsinteractive
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🔄Rotation against the market and its industry (RRG)interactive
Our Company. Seven Hills Realty Trust is a Maryland REIT that focuses primarily on originating and investing in floating rate first mortgage loans that range from $15.0 million to $75.0 million, secured by middle market transitional CRE properties that have values up to $100.0 million. We define transitional CRE as commercial properties subject to redevelopment or repositioning activities that are expected to increase the value of the properties. As of December 31, 2025, we had a portfolio of 24 floating rate first mortgage loans with aggregate loan commitments of $724.5 million with a weighted average maximum maturity of 2.6 years, a weighted average coupon rate and a weighted average all in yield of 7.52% and 7.92%, respectively, and a weighted average interest rate floor of 2.81%.
In its own words, from its 10-K, filed Feb 18, 2026.
Seven Hills Realty Trust against its Real Estate Investment Trusts peers
The largest companies of the same SEC industry, each at its latest quarter. Revenue growth: +17% against the peers' median +14%. Operating margin: 97.5% against the peers' median 20.6%.