Filing Flows › Tejon Ranch (TRC) › Q2 2025
Tejon Ranch (TRC) Q2 2025 earnings results (second quarter 2025)
10-Q filed Aug 7, 2025
Tejon Ranch (TRC) reported revenue of $8.3M for the second quarter 2025 (Q2 2025), +46% from a year earlier and +1% from the quarter before. Operating margin was -48.8%, net loss $1.7M (20.6% of revenue).
Tejon Ranch, Q2 2025: revenue $8.3M (+46% year over year), operating margin -48.8%, net loss $1.7M, operating cash flow −$381K. The chart follows the revenue to costs, profit and cash.
| Q2 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $8.3M | +1% | +46% |
| Operating profit | −$4.1M | — | — |
| Net earnings | −$1.7M | — | — |
| Operating cash flow | −$381K | — | — |
What changed
Revenue was $8.3M in Q2 2025, up 46% year over year and up 1% from the previous quarter.
Gross margin was 42.6%, down 2.7 points from a year earlier. Operating costs exceeded revenue by $4.1M, an operating margin of -48.8%. Operating expenses grew 24% against revenue growth of 46%. The quarter ended with a net loss of $1.7M, wider than the previous quarter's $1.5M loss. Non-operating items added $2.8M, -217% of pre-tax earnings, so the bottom line overstates operating performance.
Operating cash flow was −$381K. Non-cash charges added back $1.1M of depreciation and amortization and $624K of share-based compensation. Working capital and other items used $387K. Capital expenditures of $19.6M exceeded it, leaving free cash flow of −$20.0M.
Questions
What was Tejon Ranch's revenue in the second quarter 2025?
Tejon Ranch (TRC) reported revenue of $8.3M for the second quarter 2025 (Q2 2025), +46% from a year earlier and +1% from the quarter before.
Was Tejon Ranch profitable in the second quarter 2025?
Operating loss was $4.1M (-48.8% of revenue) and net loss $1.7M.
Source: Tejon Ranch 10-Q on SEC EDGAR.