Filing Flows › Transcontinental Realty Investors (TCI) › Q4 2025
Transcontinental Realty Investors (TCI) Q4 2025 earnings results (fourth quarter 2025)
10-K filed Mar 12, 2026
Transcontinental Realty Investors (TCI) reported revenue of $12.1M for the fourth quarter 2025 (Q4 2025), +2% from a year earlier and -6% from the quarter before. Operating margin was -28.9%, net earnings $8.4M (70.0% of revenue).
Transcontinental Realty Investors, Q4 2025: revenue $12.1M (+2% year over year), operating margin -28.9%, net earnings $8.4M, operating cash flow −$711K. The chart follows the revenue to costs, profit and cash.
| Q4 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $12.1M | -6% | +2% |
| Operating profit | −$3.5M | — | — |
| Net earnings | $8.4M | +855% | 29× |
| Operating cash flow | −$711K | -109% | — |
What changed
Revenue was $12.1M in Q4 2025, up 2% year over year and down 6% from the previous quarter.
Operating costs exceeded revenue by $3.5M, an operating margin of -28.9%. Total costs grew 15% against revenue growth of 2%. The fastest-growing cost line was Other operating costs (+18%). Net earnings were $8.3M, up 7578% year over year. The effective tax rate was 20.1%. Non-operating items added $14.1M, 133% of pre-tax earnings, so the bottom line overstates operating performance.
Operating cash flow was −$711K. Non-cash charges added back $3.7M of depreciation and amortization. Working capital and other items used $12.9M. Capital expenditures of $11.3M exceeded it, leaving free cash flow of −$12.1M.
Questions
What was Transcontinental Realty Investors' revenue in the fourth quarter 2025?
Transcontinental Realty Investors (TCI) reported revenue of $12.1M for the fourth quarter 2025 (Q4 2025), +2% from a year earlier and -6% from the quarter before.
Was Transcontinental Realty Investors profitable in the fourth quarter 2025?
Operating loss was $3.5M (-28.9% of revenue) and net earnings $8.4M.
Source: Transcontinental Realty Investors 10-K on SEC EDGAR.