Filing Flows › Zoned Properties (ZDPY) › Q3 2025
Zoned Properties (ZDPY) Q3 2025 earnings results (third quarter 2025)
10-Q filed Nov 13, 2025
Zoned Properties (ZDPY) reported revenue of $1.0M for the third quarter 2025 (Q3 2025), -2% from a year earlier and +8% from the quarter before. Operating margin was 36.3%, net earnings $155K (15.3% of revenue).
Zoned Properties, Q3 2025: revenue $1.0M (-2% year over year), operating margin 36.3%, net earnings $155K, operating cash flow $92K. The chart follows the revenue to costs, profit and cash.
| Q3 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $1.0M | +8% | -2% |
| Operating profit | $367K | +35% | -17% |
| Net earnings | $155K | +490% | +164% |
| Operating cash flow | $92K | -62% | -56% |
What changed
Revenue was $1.0M in Q3 2025, down 2% year over year and up 8% from the previous quarter. Property Investment Portfolio Revenues was the largest line at 76% of revenue. Real Estate Services Revenues lost $31K year over year (down 11%), 188% of the total change.
Operating profit was $367K, a 36.3% margin (down 7.0 points year over year). Total costs grew 11% against a revenue fall of 2%. The fastest-growing cost line was Other operating costs (+17%). Net earnings were $155K, up 164% year over year. The effective tax rate was 0.0%.
Operating cash flow was $92K (down 56% year over year), 59% of net earnings. Non-cash charges added back $88K of depreciation and amortization and $18K of share-based compensation. Working capital and other items used $169K.
Questions
What was Zoned Properties' revenue in the third quarter 2025?
Zoned Properties (ZDPY) reported revenue of $1.0M for the third quarter 2025 (Q3 2025), -2% from a year earlier and +8% from the quarter before.
Was Zoned Properties profitable in the third quarter 2025?
Operating profit was $367K (36.3% of revenue) and net earnings $155K.
Source: Zoned Properties 10-Q on SEC EDGAR.