GLADSTONE LAND CORP
Income Statement
| Line Item | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $88.3M | $85.2M | $90.4M | $89.2M | $75.3M | $57.0M | $40.7M | $36.7M |
| Cost of Revenue | $9.6M | $0 | $0 | — | — | — | — | — |
| Gross Profit | $78.8M | $85.2M | $90.4M | — | — | — | — | — |
| Gross Margin | 89.1% | 100.0% | 100.0% | — | — | — | — | — |
| Operating Expenses | ||||||||
| Research & Development | — | — | — | — | — | — | — | — |
| SG&A Expense | $2.3M | $2.6M | $2.9M | $2.7M | $2.1M | $2.1M | $2.0M | $1.8M |
| Operating Income | — | — | — | — | — | — | — | — |
| Operating Margin | — | — | — | — | — | — | — | — |
| Interest Expense | — | — | $23.7M | $25.7M | $24.9M | $20.6M | $16.3M | $12.1M |
| Pretax Income | — | — | — | — | — | — | — | — |
| Income Tax Expense | — | — | — | — | — | — | — | — |
| Net Income | $13.5M | $13.3M | $14.6M | $4.7M | $3.5M | $4.9M | $1.7M | $2.6M |
| Net Margin | 15.3% | 15.6% | 16.1% | 5.3% | 4.6% | 8.6% | 4.3% | 7.2% |
| EPS (Basic) | $-0.29 | $-0.29 | $-0.28 | $-0.43 | $-0.29 | $-0.20 | $-0.13 | $0.15 |
| EPS (Diluted) | $-0.29 | $-0.29 | $-0.28 | $-0.43 | $-0.29 | $-0.20 | $-0.13 | $0.15 |
| Shares Outstanding (Basic) | 36.5M | 35.9M | 35.7M | 34.6M | 30.4M | 22.3M | 20.9M | 17.9M |
| Shares Outstanding (Diluted) | 36.5M | 35.9M | 35.7M | 34.6M | 30.4M | 22.3M | 20.9M | 17.9M |
| Dividends Per Share | — | — | — | — | — | — | — | $0.53 |