NYSE$COLD

Americold Realty Trust · Q3 2025 earnings

Q3 2025 earnings · · Before market open · Investor relations

Briefing

COLD reported Q3 2025 revenue of C$607.0M, a net loss of C$11.6M.

For Q3 2025, COLD reported Revenue was C$607.0M, net loss was C$11.6M. The filing discusses operating performance, liquidity, and outlook in MD&A.

  • Revenue C$607.0M for Q3 2025.
  • Net loss C$11.6M.
  • MD&A covers liquidity, capital allocation, and sector-specific risks.

Headline financials

Total Revenue

$664M

Previous: $674M-1.6%
EPS (adj)

$0.35

Previous: -$0.01+3600.0%
Global Warehouse Avg Physical Occupancy

62.8%

Previous: 66.6%-5.7%
Global Warehouse Avg Economic Occupancy

73.8%

Previous: 76.7%-3.8%
Global Warehouse Pallet Positions

5.5M

Previous: 5.5M-0.6%
Global Warehouse Services Margin

10.6%

Previous: 12.9%-17.8%
Core EBITDA

$148M

Previous: $157M-5.7%
Core EBITDA Margin

22.3%

Previous: 23.3%-4.3%
Total Liquidity

$799M

No prior period
Total Net Debt Outstanding

$4.1B

No prior period
Net Debt to Pro Forma Core EBITDA

6.7

No prior period
Capital Expenditures

-$434M

Previous: -$204M-112.7%
Net Income

-$11.4M

Previous: -$3.73M-204.8%
Operating Income

$16.8M

Previous: $30.2M-44.5%

Revenue & EPS history

Americold · Revenue · Quarterly

$664M

Q3 2025-1.6%vs Q3 2024
Beat estimate in 6 of 15 quarters(40%)
ActualEstimate

Revenue by segment

Americold · $668M total across 3 segments · Q3 2023

  • Warehouse Services
    $603M+0.6%
  • Transportation Services
    $55.6M-27.1%
  • Third-Party Managed Services
    $9.69M-88.2%

Forward guidance

Outlook focuses on cash runway, pipeline milestones, and cost discipline as the company works toward profitability.

Tailwinds

  • Cash and equivalents support operations into upcoming milestones.
  • Strategic initiatives and partnerships noted in MD&A.

Headwinds

  • Ongoing operating losses and R&D or interest spend pressure earnings.
  • Financing, dilution, or macro factors may affect liquidity.

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 20 quarterly earnings reports · overlaid with Q3 2025

Historical avgQ3 2025

+1.1%

Avg return

Earnings day

+0.2%

Avg return

5 days after

+1.7%

Avg return

30 days after

49%

18 / 37 earnings

Positive

+16.9%

Q1 2020

Best reaction

-9.9%

Q3 2024

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q1 2026+15.1%+16.5%+15.7%
Q4 2025+15.7%+9.0%-6.3%
Q3 2025-7.3%-11.1%-15.8%
Q1 2025-5.6%-3.9%-6.5%
Q4 2024+6.2%+5.5%+1.3%
Q3 2024-9.9%-10.1%-8.4%
Q2 2024+0.4%-0.8%+0.6%
Q1 2024+5.6%+5.3%+16.4%
Q4 2023-7.7%-10.6%-11.1%
Q3 2023+0.0%-5.4%+7.1%
Q2 2023-1.4%-2.0%+2.6%
Q1 2023+6.1%+5.3%+3.3%
Q4 2022+3.8%+1.0%-8.8%
Q3 2022+14.4%+20.1%+24.0%
Q2 2022-4.0%-2.1%-10.4%
Q1 2022-1.9%-6.9%+8.2%
Q4 2021-0.3%+1.9%+1.4%
Q3 2021-0.6%-2.2%+7.6%
Q2 2021-3.1%-6.0%-1.9%
Q1 2021-0.6%-1.6%+0.2%
Q4 2020+3.2%+5.0%+4.8%
Q3 2020+1.1%-6.5%-7.6%
Q2 2020-3.5%-5.6%-7.4%
Q1 2020+16.9%+10.6%+19.2%
Q4 2019-5.2%-9.5%-18.1%
Q3 2019-7.1%-7.5%-2.5%
Q2 2019+4.4%+4.6%+8.7%
Q1 2019-4.7%-4.6%-2.1%
Q4 2016-1.8%+0.7%+7.6%
Q4 2018+3.0%-0.4%+5.8%
Q2 2017+1.3%+1.7%+4.4%
Q1 2017+1.3%+1.7%+4.4%
Q3 2017+1.3%+1.7%+4.4%
Q3 2018+5.7%+4.1%+11.7%
Q2 2018+0.6%+3.9%+9.6%
Q4 2017-0.0%+2.0%+1.2%
Q1 2018-0.0%+2.0%+1.2%

Discussion

Share your read of this quarter. Sign-in carries your eToro identity.

Join the conversation

Sign in with eToro to post your read of this quarter and vote on others'.

Sign in with eToro