CLIPPER REALTY INC.
Income Statement
| Line Item | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $153.2M | $148.8M | $138.2M | $129.7M | $122.7M | $122.9M | $116.2M | $110.0M |
| Cost of Revenue | $149.0M | $108.0M | $105.0M | $102.1M | $95.8M | $91.5M | $82.7M | $77.5M |
| Gross Profit | $4.2M | $40.8M | $33.2M | $27.6M | $26.9M | $31.3M | $33.5M | $32.5M |
| Gross Margin | 2.7% | 27.4% | 24.0% | 21.3% | 21.9% | 25.5% | 28.8% | 29.5% |
| Operating Expenses | ||||||||
| Research & Development | — | — | — | — | — | — | — | — |
| SG&A Expense | $15.5M | $14.2M | $13.2M | $12.8M | $10.6M | $9.7M | $9.2M | $9.9M |
| Operating Income | $4.2M | $40.5M | $33.2M | $27.6M | $24.2M | $32.1M | $33.5M | $32.5M |
| Operating Margin | 2.7% | 27.2% | 24.0% | 21.3% | 19.7% | 26.2% | 28.8% | 29.5% |
| Interest Expense | $53.0M | $47.1M | $44.9M | $40.2M | $41.3M | $40.2M | $35.2M | $32.8M |
| Pretax Income | — | — | — | — | — | — | — | — |
| Income Tax Expense | $0 | $0 | $0 | $0 | $0 | $0 | — | $0 |
| Net Income | $-52.3M | $-6.6M | $-15.6M | $-12.6M | $-20.0M | $-12.2M | $-4.1M | $-9.0M |
| Net Margin | -34.2% | -4.4% | -11.3% | -9.7% | -16.3% | -10.0% | -3.5% | -8.2% |
| EPS (Basic) | $-1.38 | $-0.25 | $-0.45 | $-0.36 | $0.00 | $0.00 | $0.00 | $0.00 |
| EPS (Diluted) | — | — | — | — | $0.00 | $0.00 | $0.00 | $0.00 |
| Shares Outstanding (Basic) | 16.1M | 16.1M | 16.1M | 16.1M | 16.1M | 16.06B | 17.81B | 17.81B |
| Shares Outstanding (Diluted) | 16.1M | 16.1M | 16.1M | 16.1M | 16.1M | 16.06B | 17.81B | 17.81B |
| Dividends Per Share | — | — | — | — | — | — | — | — |