Filing Flows › Tejon Ranch (TRC) › Q1 2025
Tejon Ranch (TRC) Q1 2025 earnings results (first quarter 2025)
10-Q filed May 8, 2025
Tejon Ranch (TRC) reported revenue of $8.2M for the first quarter 2025 (Q1 2025), +11% from a year earlier and -54% from the quarter before. Operating margin was -50.7%, net loss $1.5M (17.9% of revenue).
Tejon Ranch, Q1 2025: revenue $8.2M (+11% year over year), operating margin -50.7%, net loss $1.5M, operating cash flow −$1.3M. The chart follows the revenue to costs, profit and cash.
| Q1 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $8.2M | -54% | +11% |
| Operating profit | −$4.2M | — | — |
| Net earnings | −$1.5M | — | — |
| Operating cash flow | −$1.3M | — | — |
What changed
Revenue was $8.2M in Q1 2025, up 11% year over year and down 54% from the previous quarter.
Gross margin was 15.0%, up 14.7 points from a year earlier. Operating costs exceeded revenue by $4.2M, an operating margin of -50.7%. Operating expenses grew 35% against revenue growth of 11%. The quarter ended with a net loss of $1.5M, after a profit of $4.5M the previous quarter. Non-operating items added $1.4M, -52% of pre-tax earnings, so the bottom line overstates operating performance.
Operating cash flow was −$1.3M. Non-cash charges added back $1.0M of depreciation and amortization and $666K of share-based compensation. Working capital and other items used $1.6M. Capital expenditures of $17.5M exceeded it, leaving free cash flow of −$18.9M.
Questions
What was Tejon Ranch's revenue in the first quarter 2025?
Tejon Ranch (TRC) reported revenue of $8.2M for the first quarter 2025 (Q1 2025), +11% from a year earlier and -54% from the quarter before.
Was Tejon Ranch profitable in the first quarter 2025?
Operating loss was $4.2M (-50.7% of revenue) and net loss $1.5M.
Source: Tejon Ranch 10-Q on SEC EDGAR.