Filing Flows › Seritage Growth Properties (SRG-PA) › Q2 2025
Seritage Growth Properties (SRG-PA) Q2 2025 earnings results (second quarter 2025)
10-Q filed Aug 14, 2025
Seritage Growth Properties (SRG-PA) reported revenue of $4.7M for the second quarter 2025 (Q2 2025), +10% from a year earlier and +1% from the quarter before. Operating margin was -160.9%, net loss $28.5M (612.6% of revenue).
Seritage Growth Properties, Q2 2025: revenue $4.7M (+10% year over year), operating margin -160.9%, net loss $28.5M, operating cash flow −$12.0M. The chart follows the revenue to costs, profit and cash.
| Q2 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $4.7M | +1% | +10% |
| Operating profit | −$7.5M | — | — |
| Net earnings | −$28.5M | — | — |
| Operating cash flow | −$12.0M | — | — |
What changed
Revenue was $4.7M in Q2 2025, up 10% year over year and up 1% from the previous quarter.
Operating costs exceeded revenue by $7.5M, an operating margin of -160.9%. Total costs fell 10% while revenue rose 10%. The quarter ended with a net loss of $28.5M, wider than the previous quarter's $22.2M loss. Net interest and other expense of $20.9M was the main reason.
Operating cash flow was −$12.0M. Non-cash charges added back $2.0M of depreciation and amortization. Working capital and other items added $14.4M. Capital expenditures of $4.7M exceeded it, leaving free cash flow of −$16.8M.
Questions
What was Seritage Growth Properties' revenue in the second quarter 2025?
Seritage Growth Properties (SRG-PA) reported revenue of $4.7M for the second quarter 2025 (Q2 2025), +10% from a year earlier and +1% from the quarter before.
Was Seritage Growth Properties profitable in the second quarter 2025?
Operating loss was $7.5M (-160.9% of revenue) and net loss $28.5M.