Filing Flows › Seritage Growth Properties (SRG-PA) › Q4 2025
Seritage Growth Properties (SRG-PA) Q4 2025 earnings results (fourth quarter 2025)
10-K filed Mar 31, 2026
Seritage Growth Properties (SRG-PA) reported revenue of $4.2M for the fourth quarter 2025 (Q4 2025), -5% from a year earlier and -13% from the quarter before. Operating margin was -141.1%, net loss $5.1M (122.0% of revenue).
Seritage Growth Properties, Q4 2025: revenue $4.2M (-5% year over year), operating margin -141.1%, net loss $5.1M, operating cash flow −$1.2M. The chart follows the revenue to costs, profit and cash.
| Q4 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $4.2M | -13% | -5% |
| Operating profit | −$5.9M | — | — |
| Net earnings | −$5.1M | — | — |
| Operating cash flow | −$1.2M | — | — |
What changed
Revenue was $4.2M in Q4 2025, down 5% year over year and down 13% from the previous quarter.
Operating costs exceeded revenue by $5.9M, an operating margin of -141.1%. Total costs fell 26% while revenue fell 5%. The quarter ended with a net loss of $5.1M, narrower than the previous quarter's $12.4M loss.
Operating cash flow was −$1.2M. Non-cash charges added back $469K of depreciation and amortization. Working capital and other items added $3.5M. Capital expenditures of $4.5M exceeded it, leaving free cash flow of −$5.7M.
Questions
What was Seritage Growth Properties' revenue in the fourth quarter 2025?
Seritage Growth Properties (SRG-PA) reported revenue of $4.2M for the fourth quarter 2025 (Q4 2025), -5% from a year earlier and -13% from the quarter before.
Was Seritage Growth Properties profitable in the fourth quarter 2025?
Operating loss was $5.9M (-141.1% of revenue) and net loss $5.1M.