---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-26-115207"
form_type: "8-K"
ticker: "TRC"
cik: "0000096869"
company_name: "TEJON RANCH CO"
filed_at: "2026-03-19T23:59:59+00:00"
generated_at: "2026-05-15T09:48:28.102414+00:00"
event_type: "earnings"
sentiment: "neutral"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

# Tejon Ranch Q4 net income drops to $1.6M; full year $0.1M, revenue up 7%

## Summary
- Q4 net income $1.6M ($0.06/sh), down $2.9M from $4.5M ($0.17/sh) in Q4 2024; full year net income $0.1M ($0.00/sh).
- Revenue up 8% to $23.3M in Q4; full year revenue +7% to $58.7M; farming segment rev +35% to $18.7M.
- Adjusted EBITDA Q4 $11.4M (+9% YoY); full year $25.3M (+8%).
- Terra Vista phase 1 completed (228 units); 71% leased as of March 19, 2026.
- 2026 outlook: pistachio down-bearing year; elevated farming costs; Centennial entitlement advancing.

## SEC filing metadata
- accession: 0001193125-26-115207
- form_type: 8-K
- ticker: TRC
- cik: 0000096869
- company_name: TEJON RANCH CO
- filed_at: 2026-03-19T23:59:59+00:00
- event_type: earnings
- sentiment: neutral
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/96869/000119312526115207/0001193125-26-115207-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/96869/000119312526115207/d201546d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-26-115207
- JSON: https://secwatch.observer/filing/0001193125-26-115207.json
- Plain text: https://secwatch.observer/filing/0001193125-26-115207.txt

## Key facts
- Earnings Releases
  TEJON RANCH CO reported the fourth quarter and year-ended December 31, 2025 results: revenue $23.3 million, net income $1.6 million ($0.06/share basic and diluted), EPS $0.06/share basic and diluted.
  - Period: the fourth quarter and year-ended December 31, 2025
  - Revenue: $23.3 million
  - Net income: $1.6 million ($0.06/share basic and diluted)
  - EPS: $0.06/share basic and diluted
  - Result: reported results
  source text: compared to $4.5 million ($0.17/share) in fourth quarter of 2024. • Revenues and other income, including equity in earnings from unconsolidated joint ventures, increased 8% to $23.3 million, compared to $21.6 million. • Farming segment revenues increased 26% to $12.2 million, compared to $9.7 million. • Adjusted EBITDA, a non-GAAP measure, increased 9% to $11.4
  evidence_url: https://www.sec.gov/Archives/edgar/data/96869/000119312526115207/0001193125-26-115207-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.