Filing Flows › Strawberry Fields REIT (STRW) › Q3 2025
Strawberry Fields REIT (STRW) Q3 2025 earnings results (third quarter 2025)
10-Q filed Nov 6, 2025
Strawberry Fields REIT (STRW) reported revenue of $39.7M for the third quarter 2025 (Q3 2025), +35% from a year earlier and +5% from the quarter before. Operating margin was 56.6%, net earnings $2.0M (5.1% of revenue).
Strawberry Fields REIT, Q3 2025: revenue $39.7M (+35% year over year), operating margin 56.6%, net earnings $2.0M, operating cash flow $20.7M. The chart follows the revenue to costs, profit and cash.
| Q3 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $39.7M | +5% | +35% |
| Operating profit | $22.5M | +9% | +40% |
| Net earnings | $2.0M | +3% | +114% |
| Operating cash flow | $20.7M | -31% | +75% |
What changed
Revenue was $39.7M in Q3 2025, up 35% year over year and up 5% from the previous quarter.
Operating profit was $22.5M, a 56.6% margin (up 2.2 points year over year). Of the extra revenue versus a year earlier, 63% reached operating profit, above the 54% margin then. Total costs grew 28% against revenue growth of 35%. The fastest-growing cost line was Other operating costs (+31%). Net earnings were $2.0M, up 114% year over year. The effective tax rate was 0.0%.
Operating cash flow was $20.7M (up 75% year over year), 233% of net income including minority interests. Non-cash charges added back $11.8M of depreciation and amortization.
Questions
What was Strawberry Fields REIT's revenue in the third quarter 2025?
Strawberry Fields REIT (STRW) reported revenue of $39.7M for the third quarter 2025 (Q3 2025), +35% from a year earlier and +5% from the quarter before.
Was Strawberry Fields REIT profitable in the third quarter 2025?
Operating profit was $22.5M (56.6% of revenue) and net earnings $2.0M.