AMREP (AXR) Q3 2025 earnings summary

Executive summary

• Net income for Q3 FY2025 was $717,000 ($0.13 per diluted share), up from $92,000 ($0.02 per diluted share) year-over-year.

• For the first nine months of FY2025, net income reached $8,823,000 ($1.64 per diluted share), compared to $2,546,000 ($0.48 per diluted share) in the prior year.

Financial highlights

• Q3 FY2025 revenues were $7,520,000, down from $12,689,000 in Q3 FY2024.

• Nine-month revenues for FY2025 were $38,516,000, up from $31,833,000 for the same period in FY2024.

• Weighted average diluted shares outstanding were 5,381,000 for Q3 FY2025.

Risk factors and uncertainties

• Revenues, average selling prices, and gross margins from land or home sales can vary significantly due to transaction timing and property characteristics; past results may not predict future performance.