The InterGroup Corporation reported a Q3 2025 revenue of $16.824 million, marking a YoY increase of 13.0% and QoQ increase of 16.5% in a quarter that featured an improving top line but a still-marginal bottom line. Gross profit stood at $4.708 million with a gross margin of 27.98%, while EBITDA reached $4.355 million (marginally improving profitability on an operating basis). Despite these operating improvements, INTG posted a net loss of $0.578 million and an EPS of -$0.27 for the quarter, underscoring persistent profitability headwinds driven by interest expense, other non-operating items, and a negative tax impact in the period. Free cash flow was negative at $(5.236) million, reflecting working capital pressure (change in working capital of $(9.84) million) and ongoing capital deployment dynamics. The balance sheet shows total assets of $103.241 million against total liabilities of $215.317 million and negative stockholders’ equity of $(84.488) million, indicating substantial leverage and balance sheet fragility despite cash on hand of $13.394 million. Net debt stood at $(4.017) million, suggesting a modest cash cushion relative to reported liabilities but a structurally challenged equity base. The quarter’s results signal a cautious path to profitability with continued reliance on external financing and working capital management. The company’s near-term focus will likely center on occupancy and rate optimization, cost discipline, and potential asset-level monetization or refinancing to stabilize liquidity and equity position.