Tribe Property Technologies (TRBE) Q3 2025 earnings summary

Executive summary

• Achieved Q3 2025 revenue of CAD 8.3 million, maintaining the prior year's level after a 74% year-over-year jump in 2024.

• Gross profit rose 23% year-over-year to CAD 3.7 million, with gross margin improving to 47% from 39%.

• Adjusted EBITDA for Q3 2025 was negative CAD 84,000, a 20% improvement over 2024, with positive monthly EBITDA in August and September.

• Nine-month adjusted EBITDA turned positive at nearly CAD 200,000, compared to a loss of CAD 2.647 million in the prior year.

• Closed an oversubscribed CAD 5.75 million public equity offering in July 2025, with strong insider participation.

Financial highlights

• Q3 2025 gross profit increased 23% to CAD 3.7 million year-over-year.

• Gross margin improved to 47% in Q3 2025 from 39% in Q3 2024.

• Nine-month gross profit rose 41% to CAD 10.1 million year-over-year.

• Adjusted EBITDA loss narrowed to CAD 84,000 from CAD 105,000 year-over-year.

• Compounded annual growth rate over five years stands at 58%.

Outlook and guidance

• Confident in achieving another record revenue year by December 31, 2025, with continued momentum into 2026.

• Expecting further improvement in EBITDA and gross margin through operational efficiencies and AI deployment.

• 2026 anticipated as a transformational year, with significant AI-driven margin expansion and product rollouts.

• Key 2025 goals include expanding AI capabilities, pursuing strategic acquisitions, and innovating with technology.