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Crown Capital Partners (CRWN) investor relations material
Crown Capital Partners Q3 2025 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Executive summary
Reported a net loss of $0.3 million ($0.05 loss per basic share) in Q3 2025, a significant improvement from a net loss of $2.7 million ($0.49 loss per basic share) in Q3 2024.
Adjusted EBITDA rose to $3.9 million in Q3 2025 from $0.9 million in Q3 2024, driven by stronger performance in Network Services, Distribution Services, Distributed Power, and Real Estate.
Total revenue for Q3 2025 was $23.4 million, up from $17.9 million in Q3 2024; nine-month revenue reached $62.9 million, up from $53.0 million year-over-year.
Financial highlights
Distribution Services revenue increased 25% year-over-year to $11.4 million, with net income before taxes of $0.9 million versus a loss last year.
Network Services revenue grew 45.2% year-over-year to $10.1 million, with net income before taxes of $1.9 million compared to a loss in Q3 2024.
Real Estate segment revenue rose 11.4% year-over-year to $1.2 million, with a net loss before taxes of $0.3 million.
Total equity at quarter-end was $3.5 million, down from $8.6 million at the end of 2024, mainly due to a net loss attributable to shareholders of $5.6 million.
Segment performance
Distribution Services benefited from improved customer mix and higher warehouse capacity utilization (73% vs. 62% last year).
Network Services saw increased hardware sales and higher revenues from high-speed internet projects, offset by runoff in legacy contracts.
Real Estate segment improved leasing activity but remained loss-making.
Specialty Finance and Distributed Power had minimal impact on quarterly results.
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