Filing Flows › Zoned Properties (ZDPY) › Q1 2025
Zoned Properties (ZDPY) Q1 2025 earnings results (first quarter 2025)
10-Q filed May 14, 2025
Zoned Properties (ZDPY) reported revenue of $975K for the first quarter 2025 (Q1 2025), +16% from a year earlier and -21% from the quarter before. Operating margin was 44.0%, net earnings $146K (15.0% of revenue).
Zoned Properties, Q1 2025: revenue $975K (+16% year over year), operating margin 44.0%, net earnings $146K, operating cash flow $331K. The chart follows the revenue to costs, profit and cash.
| Q1 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $975K | -21% | +16% |
| Operating profit | $429K | +0.7% | +233% |
| Net earnings | $146K | -68% | +51% |
| Operating cash flow | $331K | +169% | +55% |
What changed
Revenue was $1.0M in Q1 2025, up 16% year over year and down 21% from the previous quarter. Property Investment Portfolio Revenues was the largest line at 78% of revenue. Property Investment Portfolio Revenues added $70K year over year (up 10%), 51% of the total change.
Operating profit was $429K, a 44.0% margin (up 28.6 points year over year). Of the extra revenue versus a year earlier, 218% reached operating profit, above the 15% margin then. Total costs fell 23% while revenue rose 16%. Net earnings were $146K, up 51% year over year. The effective tax rate was 0.0%.
Operating cash flow was $331K (up 55% year over year), 227% of net earnings. Non-cash charges added back $89K of depreciation and amortization and $57K of share-based compensation. Working capital and other items added $40K. Capital expenditures of $850K exceeded it, leaving free cash flow of −$519K.
Questions
What was Zoned Properties' revenue in the first quarter 2025?
Zoned Properties (ZDPY) reported revenue of $975K for the first quarter 2025 (Q1 2025), +16% from a year earlier and -21% from the quarter before.
Was Zoned Properties profitable in the first quarter 2025?
Operating profit was $429K (44.0% of revenue) and net earnings $146K.
Source: Zoned Properties 10-Q on SEC EDGAR.