0001493152-26-006429
SEC filingThe InterGroup Corporation reported total revenues of $17.3M for the second fiscal quarter ended December 31, 2025. The company achieved net income attributable to The InterGroup Corporation of $1.5M, a significant improvement driven primarily by a $3.5M gain on the sale of real estate. Operating income remained solid at $2.0M, supported by total costs and operating expenses of $15.3M. Basic and diluted earnings per share were both $1.00. The balance sheet reflects a shareholders’ deficit of $114.5M against total assets of $101.1M, with total liabilities reaching $215.7M. Cash flow from operations was positive at $2.6M, while financing activities used $2.5M, largely due to debt paydowns and treasury stock purchases. The company maintains a liquidity position of $15.2M in cash, cash equivalents, and restricted cash. No prior period comparative figures were provided in the source data for QoQ analysis.
For the fiscal second quarter ended December 31, 2025, The InterGroup Corporation reported total revenues of $17.3M. The company generated income from operations of $2.0M. After accounting for other income and expenses, most notably a $3.5M gain on the sale of real estate and $3.2M in interest expense on mortgages, income before income taxes stood at $2.0M. The company recorded an income tax expense of $1.1M. Net income attributable to The InterGroup Corporation was $1.5M, or $1.00 per basic and diluted share. The weighted average number of common shares outstanding was approximately 2.1M. No prior period financial data was available in the provided XBRL excerpt to calculate quarter-over-quarter growth rates.
The XBRL data indicates the company operates primarily in two segments: Hotel and Real Estate. While a consolidated total revenue figure of $17.3M is reported, the segment-specific revenue breakdown is not explicitly itemized in the provided data. However, operating expenses are separated, with Hotel operating expenses totaling $10.4M and Real Estate operating expenses at $2.4M. This expense distribution suggests the Hotel segment is the larger operational component. The revenue performance was supplemented by a significant $3.5M gain on the sale of real estate, which materially impacted the bottom line for the quarter.
The company reported total costs and operating expenses of $15.3M against $17.3M in revenue, yielding an operating margin of approximately 11.6%. The cost structure was dominated by Hotel operating expenses ($10.4M), followed by Real Estate operating expenses ($2.4M), Depreciation and amortization ($1.7M), and General and administrative expenses ($740K). Profitability was significantly influenced by non-operating items, specifically the gain on real estate sale, which helped offset $3.2M in mortgage interest expenses. The effective tax rate for the period was approximately 55% ($1.1M expense on $2.0M pre-tax income).
The balance sheet shows total assets of $101.1M, comprised mainly of Investment in Hotel ($39.1M), Investment in real estate ($44.2M), and Cash/restricted cash totaling $15.0M. The company carries substantial debt, with Mortgage notes payable for Hotel ($102.0M) and Real Estate ($91.2M), contributing to total liabilities of $215.7M. This results in a Total shareholders’ deficit of $114.5M. Operating cash flow was positive at $2.6M. Investing activities provided $2.6M, driven by $4.5M in proceeds from real estate sales. Financing activities used $2.5M, primarily for debt payments and treasury stock purchases.
The provided XBRL financial data and document content do not contain specific forward-looking statements, management guidance, or strategic priorities regarding future periods. The filing reflects the financial position and results for the quarter ended December 31, 2025. Investors should refer to the complete 10-Q filing for Management's Discussion and Analysis (MD&A) for qualitative insights into future operations and risk factors.