Transcontinental Realty Investors Inc reported revenues of $12.06 million in 2025, marking a 2.3% increase from the prior year. The company posted a net income of $8.29 million, reversing prior losses, despite operating income remaining negative at -$3.49 million. Operating cash flow declined to -$2.89 million, contributing to an estimated free cash flow deficit driven by capital expenditures. The balance sheet remains solid with cash and equivalents of $14.07 million and equity exceeding $846 million. Capital allocation included share repurchases of approximately $1.08 million amid constrained cash flows. Risk disclosures highlight earnings volatility and macroeconomic sensitivities as factors to monitor.