$27.54
+5.3%Millrose Properties is a Homesite Option Purchase Platform (HOPP'R), an evolution of residential land banking, accelerating homebuilders' capital-efficient growth of controlled land positions. As a publicly traded Homesite Option Purchase Platform, Millrose provides investors with a unique residential real estate backed income-generating investment opportunity historically limited to institutional investors.
Exceptional pricing power and cost management. The company retains over half of revenue after direct costs.
Outstanding operational efficiency. The company generates substantial profit from core operations.
Exceptional profitability. The company converts a significant portion of revenue to bottom-line earnings.
Below-average tax rate suggests effective tax planning, favorable jurisdictions, or tax credits.
Exceptional profitability across all levels: Strong pricing power, efficient operations, and healthy bottom line indicate a high-quality business with sustainable competitive advantages.
MRP • NYSE
| Millrose Properties, Inc. Income Statement | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 |
|---|---|---|---|---|
REVENUE | ||||
600.5M | 0.0 | 0.0 | 0.0 | |
GROSS PROFIT | ||||
600.5M | 0.0 | 0.0 | 0.0 | |
OPERATING INCOME | ||||
(114.4M) | (246.2M) | (209.8M) | (193.1M) | |
(25M) | (246.2M) | (209.8M) | (193.1M) | |
486.1M | -246.2M | -209.8M | -193.1M | |
PRE-TAX INCOME | ||||
(91.8M) | (0.0) | (0.0) | (0.0) | |
-84.1M | 0.0 | 0.0 | 0.0 | |
(89.4M) | (0.0) | (0.0) | (0.0) | |
-85.7M | 0.0 | 0.0 | 0.0 | |
400.4M | -246.2M | -209.8M | -193.1M | |
NET INCOME | ||||
(20.5M) | (0.0) | (0.0) | -48.9M | |
379.9M | -246.2M | -209.8M | -144.3M |
MRP - Filing history and reports
| Filing Type | Filing Date | Period Ending | Fiscal Year | Actions |
|---|---|---|---|---|
8-K 8-K 2026 N/A | May 19, 2026 | May 18, 2026 | 2026 | |
10-Q 10-Q 2026 Q1 Q1 | May 06, 2026 | March 31, 2026 | 2026 | |
8-K 8-K 2026 N/A | May 06, 2026 | May 06, 2026 | 2026 | |
DEF 14A DEF 14A 2026 N/A | April 02, 2026 | May 18, 2026 | 2026 | |
8-K 8-K 2026 N/A | March 27, 2026 | March 25, 2026 | 2026 | |
8-K 8-K 2026 N/A | March 23, 2026 | March 23, 2026 | 2026 | |
10-K 10-K 2025 FY FY | March 02, 2026 | December 31, 2025 | 2025 | |
8-K 8-K 2026 N/A | February 27, 2026 | February 27, 2026 | 2026 | |
8-K 8-K 2026 N/A | February 26, 2026 | February 26, 2026 | 2026 | |
8-K 8-K 2025 N/A | December 22, 2025 | December 22, 2025 | 2025 |
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