Short answer
Digital Realty (DLR) filed its Q3 2025 10-Q quarterly report on Oct 31, 2025 for the quarter ended Sep 30, 2025. Quarterly revenue was $1.6B (up 10.2% year over year) with net income of $68M.
Q3 2025 key financials · XBRL
- Revenue
- $1.6B
- +10.2% YoY · +5.6% QoQ
- Net income
- $68M
- +32.5% YoY · −93.4% QoQ
- Operating margin
- 8.8%
- EPS (diluted)
- $0.14
- +55.6% YoY · −95.2% QoQ
Source: XBRL data from the Digital Realty (DLR) Q3 2025 10-Q on SEC EDGAR. USD.
Digital Realty Q3 2025 10-Q analysis
AI summary of MD&A and risk factor updates
Management Discussion & Analysis
- Revenue $1.577B in Q3 2025, up 10.2% YoY vs $1.431B in Q3 2024; nine months $4.478B, up 8.7% YoY
- Operating expenses Q3 2025 $1.439B, up 13.9% YoY vs $1.263B; total property level expenses +8.2% YoY
- Funds from Operations (FFO) Q3 2025 $570M ($1.64/share) vs $520M ($1.56/share) in Q3 2024
- Best segment: Non-stabilized revenue up 12.6% Q3 YoY due to development completions; worst: stabilized portfolio slower 7.2% growth
- Cash $3.30B with operating cash flow up $201M YoY; capital expenditures $1.98B YTD, up 2.8% YoY, focused on development projects
- Management launched $3B+ Hyperscale Data Center Fund in 2025; expects $1.2B-$1.7B capex for full year; sees ongoing demand but notes competitive, inflation, and regulatory risks
Risk Factors
- No new or materially changed risk factors from 2024 10-K for fiscal 2025
- Continued exposure to market risks including data center demand fluctuations
- Ongoing regulatory compliance with real estate and cybersecurity laws remains critical
- Operational risk from potential disruption in data center operations or tenant defaults persists
- Financial risk tied to debt maturities and liquidity management unchanged from prior year
Generated from the filing text; verify against the original. 10-K vs 10-Q vs 8-K
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