Farmland Partners Inc.
Income Statement
| Line Item | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $52.2M | $58.2M | $57.5M | $61.2M | $51.7M | $50.7M | $53.6M | $56.1M |
| Cost of Revenue | — | — | — | — | — | — | — | — |
| Gross Profit | — | — | — | — | — | — | — | — |
| Gross Margin | — | — | — | — | — | — | — | — |
| Operating Expenses | ||||||||
| Research & Development | — | — | — | — | — | — | — | — |
| SG&A Expense | $11.7M | $14.1M | $11.3M | $12.0M | $8.2M | $5.9M | $6.1M | $7.4M |
| Operating Income | $32.2M | $61.4M | $54.2M | $25.0M | $16.8M | $22.3M | $26.3M | $29.7M |
| Operating Margin | 61.6% | 105.5% | 94.3% | 40.8% | 32.5% | 44.1% | 49.2% | 53.0% |
| Interest Expense | — | — | $22.7M | $16.1M | $15.9M | $17.7M | $19.6M | $18.8M |
| Pretax Income | $32.2M | $61.4M | $31.5M | $12.2M | $10.3M | $7.5M | $14.9M | $14.0M |
| Income Tax Expense | $-15.0K | $-16.0K | $-166.0K | $227.0K | $0 | $0 | $0 | — |
| Net Income | $31.5M | $59.9M | $30.9M | $11.7M | $10.0M | $7.1M | $13.9M | $12.3M |
| Net Margin | 60.5% | 102.9% | 53.8% | 19.1% | 19.3% | 14.0% | 25.9% | 21.9% |
| EPS (Basic) | $0.65 | $1.19 | $0.55 | $0.16 | $-0.17 | $-0.18 | $0.04 | $-0.01 |
| EPS (Diluted) | $0.61 | $1.06 | $0.53 | $0.16 | $-0.17 | $-0.18 | $0.04 | $-0.01 |
| Shares Outstanding (Basic) | 44.2M | 47.5M | 50.2M | 51.0M | 34.6M | 29.4M | 30.2M | 32.2M |
| Shares Outstanding (Diluted) | 51.3M | 56.0M | 58.3M | 51.0M | 34.6M | 29.4M | 30.2M | 32.2M |
| Dividends Per Share | $0.44 | $1.39 | $0.45 | $0.23 | $0.20 | $0.20 | $0.20 | $0.36 |