Filing Flows › Transcontinental Realty Investors (TCI) › Q3 2025
Transcontinental Realty Investors (TCI) Q3 2025 earnings results (third quarter 2025)
10-Q filed Nov 6, 2025
Transcontinental Realty Investors (TCI) reported revenue of $12.8M for the third quarter 2025 (Q3 2025), +11% from a year earlier and +6% from the quarter before. Operating margin was -10.9%, net earnings $884K (6.9% of revenue).
Transcontinental Realty Investors, Q3 2025: revenue $12.8M (+11% year over year), operating margin -10.9%, net earnings $884K, operating cash flow $8.2M. The chart follows the revenue to costs, profit and cash.
| Q3 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $12.8M | +6% | +11% |
| Operating profit | −$1.4M | — | — |
| Net earnings | $884K | +173% | — |
| Operating cash flow | $8.2M | — | -40% |
What changed
Revenue was $12.8M in Q3 2025, up 11% year over year and up 6% from the previous quarter.
Operating costs exceeded revenue by $1.4M, an operating margin of -10.9%. Total costs grew 7% against revenue growth of 11%. The fastest-growing cost line was General & admin (+30%). Net earnings were $724K, down 58% year over year. The effective tax rate was 64.0%. Non-operating items added $3.9M, 157% of pre-tax earnings, so the bottom line overstates operating performance.
Operating cash flow was $8.2M (down 40% year over year), 924% of net income including minority interests. Non-cash charges added back $2.9M of depreciation and amortization. Working capital and other items added $4.3M. Capital expenditures of $14.8M exceeded it, leaving free cash flow of −$6.6M.
Questions
What was Transcontinental Realty Investors' revenue in the third quarter 2025?
Transcontinental Realty Investors (TCI) reported revenue of $12.8M for the third quarter 2025 (Q3 2025), +11% from a year earlier and +6% from the quarter before.
Was Transcontinental Realty Investors profitable in the third quarter 2025?
Operating loss was $1.4M (-10.9% of revenue) and net earnings $884K.
Source: Transcontinental Realty Investors 10-Q on SEC EDGAR.