# Seaport Entertainment Group Inc. (SEG) · Edgar & Edgarette company card

> Seaport Entertainment Group Inc. (SEG) grew revenue 18.3% in FY2025 to $130 million, operating margin -90.6% against a 7.0% median for miscellaneous amusement & recreation, equity 70.2% of assets. Every figure is from the company’s own annual report filed with the SEC.

SEC CIK 2009684 · fiscal year ended 2025-12-31 · 4 audited years read · [page](https://www.pops4.com/boards/company/SEG) · [JSON](https://www.pops4.com/boards/company/SEG.json)

## Figures, as filed in the 10-K

| Measure | Value |
|---|---|
| Revenue | $130M |
| Revenue growth, 1 year | 18.3% |
| Revenue growth per year | 3.1% |
| Operating margin | -90.6% (prior year -92.7%) |
| Net margin | -89.5% |
| Operating cash flow | −$50M |
| Capital spending | — |
| Free cash flow | — |
| Cash | $78M |
| Long-term debt | $38M |
| Total assets | $650M |
| Total equity | $457M |
| Equity ÷ assets | 70.2% |
| Return on equity | -25.6% |
| Dividend per share | — |
| Dividend years rising | — |

## Readings, computed from those figures

- Piotroski F: 4 of 9 (middling)
- Health Harbor boat: Old boat · three warning signs · filed auditor change in the last 12 months; operating cash flow was negative; operating loss: a margin of -90.6% in FY2025
- Cash Compass: In between · no clear cash pattern yet

## Edgarette's reading

Exposure: revenue $130.4M (FY2025), total debt $38.3M. Experience: revenue up 18.3% on the year, up 3.1% a year over 3 years; operating margin -90.6%, up from -92.7%. Soundness: equity 70.2% of assets, return on equity -25.6%. Credibility: four or more audited years, reasonable weight. Range: 80% of past cases like this landed between $118.3M and $169.4M next year (method v4.1: its own 3-year record of growth weighed at 40% against $100M–1B filers; across 2019–2025, 69.0% landed inside, 83.4% on the one year the method never saw). In a shock year the stress range is $108.1M to $186.1M. A statistical range, not company guidance. Against peers (10 filers, $50M+ revenue, services-miscellaneous amusement & recreation): operating margin -90.6% against a 7.0% median; growth 18.3% against 2.0%.

Range logged 2026-09-27, receipt 6562a9bbdcd60d9f, status open. A statistical range, not company guidance.

## Health Watch, last 12 months

- Item 4.01 Auditor change: 1, latest 2026-04-07 ([filing](https://www.sec.gov/Archives/edgar/data/2009684/000110465926040479/0001104659-26-040479-index.htm))
- Item 5.02 Director or officer change: 2, latest 2026-06-29 ([filing](https://www.sec.gov/Archives/edgar/data/2009684/000110465926078816/0001104659-26-078816-index.htm))

## Recent filings

- 8-K · filed 2026-11-05 · 2.02 Results of Operations and Financial Condition; 7.01 Regulation FD Disclosure; 9.01 Financial Statements and Exhibits · [filing](https://www.sec.gov/Archives/edgar/data/2009684/000110465926122813/0001104659-26-122813-index.htm)
- 10-Q · filed 2026-11-04 · [filing](https://www.sec.gov/Archives/edgar/data/2009684/000110465926122769/0001104659-26-122769-index.htm)
- 10-Q · filed 2026-08-05 · [filing](https://www.sec.gov/Archives/edgar/data/2009684/000110465926091217/0001104659-26-091217-index.htm)
- 8-K · filed 2026-08-05 · 2.02 Results of Operations and Financial Condition; 9.01 Financial Statements and Exhibits · [filing](https://www.sec.gov/Archives/edgar/data/2009684/000110465926091195/0001104659-26-091195-index.htm)
- 8-K · filed 2026-06-29 · 5.02 Departure or Election of Directors; Appointment of Officers; 9.01 Financial Statements and Exhibits · [filing](https://www.sec.gov/Archives/edgar/data/2009684/000110465926078816/0001104659-26-078816-index.htm)
- 8-K · filed 2026-06-12 · 5.07 Submission of Matters to a Vote of Security Holders · [filing](https://www.sec.gov/Archives/edgar/data/2009684/000110465926073508/0001104659-26-073508-index.htm)

## Sources

- facts: https://data.sec.gov/api/xbrl/companyfacts/CIK0002009684.json
- filings: https://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&CIK=2009684

## Cite

POPS4, Edgar & Edgarette: Seaport Entertainment Group Inc. (SEG) company card, from the company's own SEC filings, accessed 2026-11-12, https://www.pops4.com/boards/company/SEG. CC BY 4.0. For a figure, add the filing URL under filings or sources.

DOI https://doi.org/10.5281/zenodo.23672509 · catalog https://www.pops4.com/boards/catalog.json · Figures as filed with the SEC. Card text CC BY 4.0, POPS4.

Reporting, not investment advice. No price targets and no trading recommendations.

Figures are as filed in audited 10-K reports and can move with restatements, acquisitions, disposals or a change in fiscal year. A range set from how past company-years turned out is not a promise about the next one, and says nothing about the share price.