Seaport Entertainment Group Inc. (SEG) Income Statement
SEG 2025 at a glance
Fiscal year ended December 31, 2025 · U.S. dollarsSEG revenue and net income
Where SEG's revenue goes
2025Each bar shows an amount and its share of revenue. SEG kept −89.5% of revenue as net income.
SEG profit margins
SEG growth rates
to 2025| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Revenue | +17.3% | +3.1% | — | — |
| Gross profit | −94.4% | −63.5% | — | — |
| Operating income | — | — | — | — |
| Net income | — | — | — | — |
| EPS (diluted) | — | — | — | — |
1-year change and average annual growth (CAGR) over 3, 5 and 10 fiscal years. "—" when a starting value was zero or negative.
SEG quarterly EPS vs estimates
Seaport Entertainment beat the analyst EPS estimate in 2 of the last 5 quarters. Next report: November 9, 2026 (estimate $-0.05).
SEG income statement
| 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|
| Revenue | $130.4M | $111.1M | $115.7M | $119.0M | $82.6M |
| Cost of revenue | $128.4M | $74.8M | $78.9M | $76.8M | $56.9M |
| Gross profit | $2.0M | $36.4M | $36.8M | $42.2M | $25.7M |
| Sales, general & admin | $42.8M | $63.3M | $30.5M | $17.0M | $17.2M |
| Total operating expenses | $109.2M | $138.1M | $793.2M | $108.9M | $101.6M |
| Operating income | −$107.1M | −$101.7M | −$756.4M | −$66.7M | −$75.9M |
| Interest income | $2.8M | $39.3M | $46.8M | $41.1M | — |
| Interest expense | $456,000 | $6.8M | $3.2M | $4.0M | $6.5M |
| Income before taxes | −$115.3M | −$152.6M | −$840.3M | −$107.8M | −$84.4M |
| Income taxes | $1.4M | $587,000 | −$2.2M | $3.5M | −$3.6M |
| Net income | −$116.7M | −$153.2M | −$838.1M | −$111.3M | −$80.9M |
| EBITDA | −$83.2M | −$111.1M | −$788.7M | −$56.4M | −$36.3M |
| EPS (diluted) | −$5.03 | −$9.33 | −$57.35 | −$18.55 | — |
| Gross margin | 1.6% | 32.7% | 31.8% | 35.5% | 31.1% |
| Operating margin | −82.1% | −91.5% | −653.9% | −56.0% | −91.9% |
| Net margin | −89.5% | −137.9% | −724.5% | −93.5% | −97.9% |
| Jun '26 | Mar '26 | Dec '25 | Sep '25 | Jun '25 | Mar '25 | Dec '24 | Sep '24 | Jun '24 | Mar '24 | Dec '23 | Sep '23 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $34.3M | $12.7M | $29.5M | $45.0M | $39.8M | $16.1M | $22.8M | $39.7M | $33.9M | $14.5M | $22.9M | $40.5M |
| Cost of revenue | $29.8M | $37.6M | $32.2M | $47.0M | $33.1M | $22.8M | $16.9M | $26.6M | $20.9M | $12.6M | $17.9M | $24.7M |
| Gross profit | $4.5M | −$24.8M | −$2.7M | −$2.0M | $6.7M | −$6.8M | $6.0M | $13.1M | $13.0M | $1.9M | $5.0M | $15.8M |
| Sales, general & admin | $6.6M | $8.1M | $6.8M | $17.9M | $8.3M | $9.8M | $9.8M | $18.3M | $18.6M | $16.6M | $31.4M | $7.2M |
| Total operating expenses | $15.6M | $15.1M | $25.8M | $25.4M | $22.7M | $26.0M | $31.2M | $33.1M | $38.3M | $33.2M | $50.2M | $704.7M |
| Operating income | −$11.1M | −$39.9M | −$28.5M | −$27.4M | −$16.0M | −$32.7M | −$25.3M | −$20.0M | −$25.2M | −$31.3M | −$45.2M | −$688.9M |
| Interest income | — | — | $972,000 | $1.0M | $1.6M | $994,000 | $16.0M | $10.7M | — | — | — | — |
| Interest expense | — | $270,000 | $1.2M | $128,000 | $801,000 | $994,000 | $2.1M | $3.1M | $3.2M | $2.5M | $805,000 | $592,000 |
| Income before taxes | −$10.1M | −$43.8M | −$36.5M | −$32.5M | −$14.4M | −$31.5M | −$41.3M | −$32.3M | −$35.0M | −$44.1M | −$59.7M | −$736.2M |
| Income taxes | $350,000 | $350,000 | — | $350,000 | $350,000 | $350,000 | — | $237,000 | −$3.3M | −$9.0M | −$2.2M | — |
| Net income | −$10.1M | −$44.1M | −$36.9M | −$33.2M | −$14.8M | −$31.9M | −$41.6M | −$32.5M | −$35.0M | −$44.1M | −$57.5M | −$736.2M |
| EBITDA | −$4.6M | −$23.9M | −$25.9M | −$25.5M | −$7.8M | −$23.4M | −$29.7M | −$21.4M | −$26.5M | −$33.5M | −$50.5M | −$721.9M |
| EPS (diluted) | $0.02 | −$1.41 | −$1.37 | −$0.57 | −$0.58 | −$2.51 | −$3.63 | −$5.70 | — | — | — | — |
| Gross margin | 13.0% | −194.9% | −9.2% | −4.4% | 16.8% | −42.0% | 26.2% | 33.1% | 38.4% | 12.8% | 21.7% | 39.1% |
| Operating margin | −32.4% | −313.5% | −96.6% | −60.8% | −40.2% | −203.5% | −110.5% | −50.4% | −74.3% | −215.8% | −197.3% | −1,701.6% |
| Net margin | −29.5% | −346.3% | −125.0% | −73.7% | −37.1% | −198.4% | −182.2% | −81.9% | −103.1% | −303.8% | −251.1% | −1,818.3% |
Quarterly columns are labeled by the month the quarter ended. Figures in U.S. dollars as reported in SEG's financial statements (latest annual report filed March 4, 2026); data from EODHD. Sales, general & administrative expenses include sales and marketing.
SEG financial results
In fiscal year 2025 (ended December 31, 2025), Seaport Entertainment reported revenue of $130.4 million, up 17.3% from the year before. It had a net loss of $116.7 million, a net profit margin of −89.5%. Diluted earnings per share came to −$5.03.
See the SEG stock overview for the latest quote and news, or the SEG chart for price history and technical indicators.
SEG income statement FAQ
What is Seaport Entertainment's annual revenue?
Seaport Entertainment reported total revenue of $130.4 million for fiscal year 2025, which ended on December 31, 2025. That was up 17.3% from $111.1 million the previous year.
Is Seaport Entertainment profitable?
No. Seaport Entertainment reported a net loss of $116.7 million in fiscal 2025, a net profit margin of −89.5%; its operating margin was −82.1%.
What is Seaport Entertainment's gross margin?
Seaport Entertainment's gross margin was 1.6% in fiscal 2025: for every $100 of revenue, Seaport Entertainment kept $2 after the direct cost of its products and services.
What are Seaport Entertainment's earnings per share?
Seaport Entertainment earned $-5.03 per diluted share in fiscal 2025, compared with $-9.33 a year earlier.
When will Seaport Entertainment report its next earnings?
Seaport Entertainment is expected to report results for the quarter ending September 30, 2026 on November 9, 2026 after the market closes.
When does Seaport Entertainment's fiscal year end?
Seaport Entertainment's fiscal year ends in December. The latest annual report covers the year ended December 31, 2025 and was filed on March 4, 2026.