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Chiron Real Estate (XRN) Q4 2025 earnings results (fourth quarter 2025)

10-K filed Mar 2, 2026

Chiron Real Estate (XRN) reported revenue of $38.4M for the fourth quarter 2025 (Q4 2025), +9% from a year earlier and +3% from the quarter before. Operating margin was -16.0%, net loss $6.1M (16.0% of revenue).

Revenue$38.4M
Year over year+9%
Quarter over quarter+3%
Operating margin-16.0%
Net earnings−$6.1M

Chiron Real Estate, Q4 2025: revenue $38.4M (+9% year over year), operating margin -16.0%, net loss $6.1M, operating cash flow $21.6M. The chart follows the revenue to costs, profit and cash.

Q4 2025AmountQ/QY/Y
Revenue$38.4M+3%+9%
Operating profit−$6.1M——
Net earnings−$6.1M——
Operating cash flow$21.6M+23%+5%

What changed

Revenue was $38.4M in Q4 2025, up 9% year over year and up 3% from the previous quarter.

Operating costs exceeded revenue by $6.1M, an operating margin of -16.0%. Total costs grew 38% against revenue growth of 9%. The fastest-growing cost line was Other operating costs (+59%). The quarter ended with a net loss of $6.1M, wider than the previous quarter's $5.1M loss.

Operating cash flow was $21.6M (up 5% year over year). Non-cash charges added back $11.2M of depreciation and $1.4M of share-based compensation. Working capital and other items added $15.2M.

Questions

What was Chiron Real Estate's revenue in the fourth quarter 2025?

Chiron Real Estate (XRN) reported revenue of $38.4M for the fourth quarter 2025 (Q4 2025), +9% from a year earlier and +3% from the quarter before.

Was Chiron Real Estate profitable in the fourth quarter 2025?

Operating loss was $6.1M (-16.0% of revenue) and net loss $6.1M.

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Source: Chiron Real Estate 10-K on SEC EDGAR.