Filing Flows › Strawberry Fields REIT (STRW) › Q4 2025
Strawberry Fields REIT (STRW) Q4 2025 earnings results (fourth quarter 2025)
10-K filed Mar 19, 2026
Strawberry Fields REIT (STRW) reported revenue of $40.1M for the fourth quarter 2025 (Q4 2025), +32% from a year earlier and +1% from the quarter before. Operating margin was 52.4%, net earnings $2.0M (5.0% of revenue).
Strawberry Fields REIT, Q4 2025: revenue $40.1M (+32% year over year), operating margin 52.4%, net earnings $2.0M, operating cash flow $20.6M. The chart follows the revenue to costs, profit and cash.
| Q4 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $40.1M | +1% | +32% |
| Operating profit | $21.0M | -7% | +34% |
| Net earnings | $2.0M | 0% | +38% |
| Operating cash flow | $20.6M | -0.6% | -17% |
What changed
Revenue was $40.1M in Q4 2025, up 32% year over year and up 1% from the previous quarter.
Operating profit was $21.0M, a 52.4% margin (up 0.9 points year over year). Of the extra revenue versus a year earlier, 55% reached operating profit, above the 51% margin then. Total costs grew 29% against revenue growth of 32%. The fastest-growing cost line was General & admin (+71%). Net earnings were $2.0M, up 38% year over year. The effective tax rate was 0.0%.
Operating cash flow was $20.6M (down 17% year over year), 234% of net income including minority interests. Non-cash charges added back $11.8M of depreciation and amortization and $1.6M of share-based compensation. Working capital and other items used $1.7M.
Questions
What was Strawberry Fields REIT's revenue in the fourth quarter 2025?
Strawberry Fields REIT (STRW) reported revenue of $40.1M for the fourth quarter 2025 (Q4 2025), +32% from a year earlier and +1% from the quarter before.
Was Strawberry Fields REIT profitable in the fourth quarter 2025?
Operating profit was $21.0M (52.4% of revenue) and net earnings $2.0M.