Filing Flows › Terra Property Trust (TPTS) › Q2 2025
Terra Property Trust (TPTS) Q2 2025 earnings results (second quarter 2025)
10-Q filed Aug 18, 2025
Terra Property Trust (TPTS) reported revenue of $8.6M for the second quarter 2025 (Q2 2025), -23% from a year earlier and -31% from the quarter before. Operating margin was -28.4%, net loss $9.2M (106.5% of revenue).
Terra Property Trust, Q2 2025: revenue $8.6M (-23% year over year), operating margin -28.4%, net loss $9.2M, operating cash flow $1.2M. The chart follows the revenue to costs, profit and cash.
| Q2 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $8.6M | -31% | -23% |
| Operating profit | −$2.4M | -160% | — |
| Net earnings | −$9.2M | — | — |
| Operating cash flow | $1.2M | +34% | — |
What changed
Revenue was $8.6M in Q2 2025, down 23% year over year and down 31% from the previous quarter.
Operating costs exceeded revenue by $2.4M, an operating margin of -28.4%. Total costs grew 6% against a revenue fall of 23%. The quarter ended with a net loss of $9.2M, wider than the previous quarter's $1.3M loss. Net interest and other expense of $6.7M was the main reason.
Operating cash flow was $1.2M. Non-cash charges added back $1.2M of depreciation and amortization. Working capital and other items added $9.1M.
Questions
What was Terra Property Trust's revenue in the second quarter 2025?
Terra Property Trust (TPTS) reported revenue of $8.6M for the second quarter 2025 (Q2 2025), -23% from a year earlier and -31% from the quarter before.
Was Terra Property Trust profitable in the second quarter 2025?
Operating loss was $2.4M (-28.4% of revenue) and net loss $9.2M.