Cadre Holdings, Inc.CDREEarnings & Financial Report
RealCadre LLC, commonly Cadre, is an American financial technology company that provides individuals and institutions direct access to real estate investment properties, including commercial properties based in New York. The business and financial press describe it as a platform that "makes the real estate market more like the stock market" by allowing investors to select the individual transactions in which they participate, while investing a smaller amount than would be required to fully fu...
CDRE Q4 FY2025 Key Financial Metrics
Revenue
$167.2M
Gross Profit
$72.6M
Operating Profit
$20.4M
Net Profit
$11.7M
Gross Margin
43.4%
Operating Margin
12.2%
Net Margin
7.0%
YoY Growth
-5.0%
EPS
$0.22
Cadre Holdings, Inc. Q4 FY2025 Financial Summary
Cadre Holdings, Inc. reported revenue of $167.2M (down 5.0% YoY) for Q4 FY2025, with a net profit of $11.7M (down 9.6% YoY) (7.0% margin). Cost of goods sold was $94.6M, operating expenses totaled $52.2M.
Key Financial Metrics
| Total Revenue | $167.2M |
|---|---|
| Net Profit | $11.7M |
| Gross Margin | 43.4% |
| Operating Margin | 12.2% |
| Report Period | Q4 FY2025 |
Revenue Breakdown
Cadre Holdings, Inc. Q4 FY2025 revenue of $167.2M breaks down across 4 segments, led by U.s.state And Local Agencies at $72.7M (43.5% of total).
| Segment | Revenue | % of Total |
|---|---|---|
| U.s.state And Local Agencies | $72.7M | 43.5% |
| Other | $48.6M | 29.1% |
| U.s.Federal Agencies | $31.6M | 18.9% |
| Commercial | $12.0M | 7.2% |
Cadre Holdings, Inc. Revenue by Segment — Quarterly Trend
Cadre Holdings, Inc. revenue by segment across the last 4 reported quarters, showing how each business line (such as U.s.state And Local Agencies and Other) has evolved quarter over quarter.
| Segment | Q4 FY2025 | Q3 FY2025 | Q2 FY2025 | Q1 FY2025 |
|---|---|---|---|---|
| U.s.state And Local Agencies | $72.7M | $76.4M | $77.6M | $73.4M |
| Other | $48.6M | $40.5M | $36.9M | $22.9M |
| U.s.Federal Agencies | $31.6M | $23.9M | $29.0M | $21.5M |
| Commercial | $12.0M | $12.3M | $11.9M | $11.0M |
Cadre Holdings, Inc. Annual Revenue by Year
Cadre Holdings, Inc. annual revenue history includes year-by-year totals (for example, 2025 revenue was $610.3M).
Cadre Holdings, Inc. Quarterly Revenue & Net Profit History
Cadre Holdings, Inc. results over the last 8 reported quarters, including revenue, net profit and year-over-year growth.
| Quarter | Revenue | Revenue YoY | Net Profit | Net Margin |
|---|---|---|---|---|
| Q4 FY2025 | $167.2M | -5.0% | $11.7M | 7.0% |
| Q3 FY2025 | $155.9M | +42.5% | $10.9M | 7.0% |
| Q2 FY2025 | $157.1M | +8.9% | $12.2M | 7.8% |
| Q1 FY2025 | $130.1M | -5.6% | $9.2M | 7.1% |
| Q4 FY2024 | $176.0M | +41.3% | $13.0M | 7.4% |
| Q3 FY2024 | $109.4M | -12.6% | $3.7M | 3.3% |
| Q2 FY2024 | $144.3M | +19.2% | $12.6M | 8.7% |
| Q1 FY2024 | $137.9M | +23.4% | $6.9M | 5.0% |
Income Statement
| Q1 2024 | Q2 2024 | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | $137.9M | $144.3M | $109.4M | $176.0M | $130.1M | $157.1M | $155.9M | $167.2M |
| YoY Growth | 23.4% | 19.2% | -12.6% | 41.3% | -5.6% | 8.9% | 42.5% | -5.0% |
Balance Sheet
| Q1 2024 | Q2 2024 | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | |
|---|---|---|---|---|---|---|---|---|
| Assets | $599.4M | $620.6M | $616.6M | $652.7M | $656.3M | $794.4M | $792.1M | $770.0M |
| Liabilities | $328.7M | $321.3M | $316.3M | $341.2M | $338.7M | $462.0M | $451.7M | $452.2M |
| Equity | $270.7M | $299.4M | $300.3M | $311.5M | $317.6M | $332.5M | $340.4M | $317.8M |
Cash Flow
| Q1 2024 | Q2 2024 | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | |
|---|---|---|---|---|---|---|---|---|
| Operating CF | $2.1M | $11.1M | $-5.2M | $23.7M | $17.4M | $2.6M | $22.5M | $21.3M |