Filing Flows › Tanger (SKT) › Q2 2025
Tanger (SKT) Q2 2025 earnings results (second quarter 2025)
10-Q filed Aug 6, 2025
Tanger (SKT) reported revenue of $141M for the second quarter 2025 (Q2 2025), +9% from a year earlier and +4% from the quarter before. Operating margin was 20.1%, net earnings $30.1M (21.4% of revenue).
Tanger, Q2 2025: revenue $141M (+9% year over year), operating margin 20.1%, net earnings $30.1M, operating cash flow $82.0M. The chart follows the revenue to costs, profit and cash.
| Q2 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $141M | +4% | +9% |
| Operating profit | $28.3M | +61% | +23% |
| Net earnings | $30.1M | +57% | +21% |
| Operating cash flow | $82.0M | +98% | +13% |
| Free cash flow | $64.7M | +108% | +33% |
What changed
Revenue was $140.7M in Q2 2025, up 9% year over year and up 4% from the previous quarter.
Operating profit was $28.3M, a 20.1% margin (up 2.3 points year over year). Of the extra revenue versus a year earlier, 46% reached operating profit, above the 18% margin then. Total costs grew 6% against revenue growth of 9%. Net earnings were $30.1M, up 21% year over year. The effective tax rate was -10.7%.
Operating cash flow was $82.0M (up 13% year over year), 262% of net income including minority interests. Non-cash charges added back $36.6M of depreciation and amortization and $3.3M of share-based compensation. Working capital and other items added $10.8M. Capital expenditures of $17.3M left free cash flow of $64.7M.
Questions
What was Tanger's revenue in the second quarter 2025?
Tanger (SKT) reported revenue of $141M for the second quarter 2025 (Q2 2025), +9% from a year earlier and +4% from the quarter before.
Was Tanger profitable in the second quarter 2025?
Operating profit was $28.3M (20.1% of revenue) and net earnings $30.1M.
Source: Tanger 10-Q on SEC EDGAR.