Filing Flows › Zoned Properties (ZDPY) › Q2 2025
Zoned Properties (ZDPY) Q2 2025 earnings results (second quarter 2025)
10-Q filed Aug 14, 2025
Zoned Properties (ZDPY) reported revenue of $938K for the second quarter 2025 (Q2 2025), +35% from a year earlier and -4% from the quarter before. Operating margin was 29.0%, net earnings $26K (2.8% of revenue).
Zoned Properties, Q2 2025: revenue $938K (+36% year over year), operating margin 29.0%, net earnings $26K, operating cash flow $239K. The chart follows the revenue to costs, profit and cash.
| Q2 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $938K | -4% | +35% |
| Operating profit | $272K | -37% | +164% |
| Net earnings | $26K | -82% | — |
| Operating cash flow | $239K | -28% | +625% |
What changed
Revenue was $938K in Q2 2025, up 35% year over year and down 4% from the previous quarter. Property Investment Portfolio Revenues was the largest line at 81% of revenue. Real Estate Services Revenues added $167K year over year (up 1286%), 68% of the total change.
Operating profit was $272K, a 29.0% margin (up 14.1 points year over year). Of the extra revenue versus a year earlier, 69% reached operating profit, above the 15% margin then. Total costs grew 13% against revenue growth of 35%. The fastest-growing cost line was Other operating costs (+23%). Net earnings were $26K. The effective tax rate was 0.0%.
Operating cash flow was $239K (up 625% year over year), 908% of net earnings. Non-cash charges added back $88K of depreciation and amortization and $12K of share-based compensation. Working capital and other items added $113K.
Questions
What was Zoned Properties' revenue in the second quarter 2025?
Zoned Properties (ZDPY) reported revenue of $938K for the second quarter 2025 (Q2 2025), +35% from a year earlier and -4% from the quarter before.
Was Zoned Properties profitable in the second quarter 2025?
Operating profit was $272K (29.0% of revenue) and net earnings $26K.
Source: Zoned Properties 10-Q on SEC EDGAR.