NASDAQ:LAND · NASDAQ Global Market
+$0.08 today
Vol 0.56M · Avg 0.57M
Income Statement
Follow revenue through to earnings
Review sales, margins, expenses, and profit trends to see what is actually driving reported earnings over time.
Stock Ticker Earnings Waterfall
NASDAQ:LAND · Revenue to Net Income
Key Ratios
Analysis
$88.1M of revenue converted into -$5.9M of net income for the selected period. Gross margin is -26.2% and net margin is -17.0%, showing how much revenue survives after costs and taxes. EPS is $-0.78, tying the income statement back to per-share earnings.
Revenue
—
Operating Income
—
Net Income
—
Income Statement
Annual data · 5 periods
| Metric | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $88.3M +3.7% | $85.2M -5.7% | $90.4M +1.3% | $89.2M +18.5% | $75.3M | $809.6M | $921.6M | $731.2M |
| Cost of Revenue | $93.4M +1650.8% | $5.3M +27.0% | $4.2M +49.0% | $2.8M +11.2% | $2.5M | $725.6M | $804.0M | $882.4M |
| Gross Profit | -$5.0M -106.3% | $79.9M -7.3% | $86.2M -0.3% | $86.4M +18.7% | $72.8M | $8.9B | $7.6B | $6.2B |
| Gross Margin | -5.7% -99.5pp | 93.7% -1.6pp | 95.4% -1.5pp | 96.8% +0.2pp | 96.6% | 9.8% | 28.9% | 38.3% |
| Research & Development | $0 | $0 | $0 | $0 | $0 | $983.2M | $1.3B | $490.4M |
| Selling, General & Admin | $5.0M -62.8% | $13.3M -3.2% | $13.8M +5.6% | $13.1M +30.6% | $10.0M | $620.6M | $923.0M | -$1.5B |
| Operating Expenses | -$29.0M -159.9% | $48.5M -8.0% | $52.7M +2.1% | $51.6M +25.7% | $41.1M | $5.3B | $7.0B | $8.7B |
| Depreciation & Amortization | $34.5M -1.6% | $35.1M -5.7% | $37.3M +5.1% | $35.5M +29.9% | $27.3M | $374.2M | $1.2B | $631.8M |
| EBITDA | $71.1M +1.2% | $70.3M -6.9% | $75.5M +14.5% | $65.9M +18.3% | $55.7M | -$15.2B | $6.8B | $9.3B |
| EBITDA Margin | 80.5% -2.0pp | 82.5% -1.0pp | 83.5% +9.6pp | 73.9% -0.1pp | 74.0% | 5.6% | 46.3% | 42.0% |
| Operating Income | $24.0M -23.5% | $31.4M -6.3% | $33.5M -3.7% | $34.8M +9.7% | $31.7M | $12.3B | $14.0B | -$15.7B |
| Operating Margin | 27.2% -9.7pp | 36.8% -0.2pp | 37.0% -1.9pp | 39.0% -3.1pp | 42.1% | 16.6% | 24.1% | 22.0% |
| Interest Income | $0 | $0 | $0 | $0 -100.0% | $2.2M | -$1.5B | -$1.6B | $405.0M |
| Interest Expense | $23.0M +5.3% | $21.9M -7.5% | $23.7M -8.1% | $25.7M -7.9% | $28.0M | $1.1B | $1.0B | $1.2B |
| Other Income / Expenses | -$10.5M +42.2% | -$18.1M +4.4% | -$18.9M +37.1% | -$30.1M -6.6% | -$28.2M | -$1.5B | $1.4B | $1.2B |
| Income Before Tax | $13.5M +1.8% | $13.3M -8.8% | $14.6M +208.8% | $4.7M +34.2% | $3.5M | $3.3B | $4.9B | $3.6B |
| Pre-Tax Margin | 15.3% -0.3pp | 15.6% -0.5pp | 16.1% +10.8pp | 5.3% +0.6pp | 4.7% | 20.8% | 18.7% | 26.2% |
| Income Tax Expense | $0 | $0 | $0 | $0 | $0 | $1.3B | -$1.6B | $745.2M |
| Net Income | $13.5M +1.8% | $13.3M -8.8% | $14.6M +209.4% | $4.7M +34.7% | $3.5M | $4.9B | $4.8B | $4.7B |
| Net Margin | 15.3% -0.3pp | 15.6% -0.5pp | 16.1% +10.8pp | 5.3% +0.6pp | 4.6% | 12.4% | 17.5% | 22.5% |
| EPS (Basic) | -$0 +0.0% | -$0 -3.6% | -$0 +34.9% | -$0 -48.3% | -$0 | $400.8M | $703.2M | $1.3B |
| EPS (Diluted) | -$0 +0.0% | -$0 -3.6% | -$0 +34.9% | -$0 -48.3% | -$0 | $766.2M | $609.4M | $452.6M |
| Weighted Avg Shares | $36.5M +1.7% | $35.9M +0.5% | $35.7M +3.4% | $34.6M +13.9% | $30.4M | $757.8M | $925.8M | $1.1B |
| Weighted Avg Shares (Diluted) | $36.5M +1.7% | $35.9M +0.5% | $35.7M +3.4% | $34.6M +13.9% | $30.4M | $1.2B | $924.4M | $678.0M |
Older periods hidden.
Sign in to unlockCompetitors
Peer companies in the same sector
Chatham Lodging Trust
NYSE:CLDT
$608.72M
Industrial Logistics Properties Trust
NASDAQ:ILPT
$596.66M
FrontView REIT, Inc.
NYSE:FVR
$472.52M
Maui Land & Pineapple Company, Inc.
NYSE:MLP
$347.63M
Seaport Entertainment Group Inc.
NYSE:SEG
$347.19M
Service Properties Trust
NASDAQ:SVC
$287.45M
BRT Apartments Corp.
NYSE:BRT
$278.19M
SITE Centers Corp.
NYSE:SITC
$235.61M
Modiv Inc.
NYSE:MDV
$184.69M
SEC Filings
Recent regulatory filings
No filings found.
How much revenue does LAND generate?
Gladstone Land Corporation (LAND) reported $88.34M of revenue in fiscal 2025.
Is LAND profitable?
Gladstone Land Corporation (LAND) reported $13.53M of net income, with a net margin of 15.3%.
Explore More
Continue the stock analysis
Jump to another research area for this company.