Filing Flows › Terra Property Trust (TPTS) › Q1 2025
Terra Property Trust (TPTS) Q1 2025 earnings results (first quarter 2025)
10-Q filed May 9, 2025
Terra Property Trust (TPTS) reported revenue of $12.5M for the first quarter 2025 (Q1 2025), -17% from a year earlier and +10% from the quarter before. Operating margin was 32.8%, net loss $1.3M (10.3% of revenue).
Terra Property Trust, Q1 2025: revenue $12.5M (-17% year over year), operating margin 32.8%, net loss $1.3M, operating cash flow $862K. The chart follows the revenue to costs, profit and cash.
| Q1 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $12.5M | +10% | -17% |
| Operating profit | $4.1M | — | — |
| Net earnings | −$1.3M | — | — |
| Operating cash flow | $862K | -63% | — |
What changed
Revenue was $12.5M in Q1 2025, down 17% year over year and up 10% from the previous quarter.
Operating profit was $4.1M, a 32.8% margin (up 0.8 points year over year). Total costs fell 18% while revenue fell 17%. The quarter ended with a net loss of $1.3M, narrower than the previous quarter's $15.6M loss. Net interest and other expense of $5.4M was the main reason.
Operating cash flow was $862K. Non-cash charges added back $1.3M of depreciation and amortization. Working capital and other items added $801K.
Questions
What was Terra Property Trust's revenue in the first quarter 2025?
Terra Property Trust (TPTS) reported revenue of $12.5M for the first quarter 2025 (Q1 2025), -17% from a year earlier and +10% from the quarter before.
Was Terra Property Trust profitable in the first quarter 2025?
Operating profit was $4.1M (32.8% of revenue) and net loss $1.3M.