AMREP (AXR) financial statements
AMREP reported revenue of $53M in fiscal 2026, up 2.5% a year over 9 years.
Net income was $10M and the operating margin 23.4%, against 2.3% in 2017.
Free cash flow was $13M.
The diluted share count fell 33% over the period (buybacks).
Revenue and free cash flow
Fiscal years, $ billions.
Income statement
Fiscal years, from AMREP's 10-K filings with the SEC.
| Fiscal year | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $42M | $9M | $13M | $19M | $40M | $59M | $49M | $51M | $50M | $53M |
| Cost of revenue | — | $6M | $11M | $13M | — | — | — | — | — | — |
| Gross profit | — | $3M | $2M | $5M | — | — | — | — | — | — |
| Selling, general and admin | — | — | — | $13M | $5M | $5M | $5M | $7M | $7M | $9M |
| Operating income | $982,000 | -$3M | -$3M | -$8M | $9M | $21M | $6M | $8M | $12M | $12M |
| Interest expense | $333,000 | $5,000 | $25,000 | — | — | — | — | — | — | — |
| Pre-tax income | $982,000 | $3M | -$3M | -$8M | $10M | $22M | $8M | $8M | $14M | $14M |
| Income tax | $997,000 | -$279,000 | -$708,000 | -$2M | $3M | $6M | -$14M | $2M | $1M | $4M |
| Net income | -$15,000 | $238,000 | $2M | -$6M | $7M | $16M | $22M | $7M | $13M | $10M |
| EPS (diluted) | $0.00 | $0.03 | $0.19 | -$0.73 | $0.95 | $2.21 | $4.11 | $1.25 | $2.37 | $1.91 |
| Diluted shares | 8M | 8M | 8M | 8M | 8M | 7M | 5M | 5M | 5M | 5M |
| Gross margin | — | 32.1% | 15.5% | 29.1% | — | — | — | — | — | — |
| Operating margin | 2.3% | -31.8% | -25.3% | -42.4% | 22.6% | 36.2% | 12.0% | 14.8% | 24.4% | 23.4% |
| Net margin | -0.0% | 2.7% | 12.0% | -31.4% | 18.4% | 26.9% | 44.8% | 13.0% | 25.6% | 19.5% |
Balance sheet
Fiscal years, from AMREP's 10-K filings with the SEC.
| Fiscal year | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash and short-term investments | $12M | $11M | $13M | $18M | $25M | $16M | $20M | $30M | $39M | $52M |
| Receivables | $6M | $6M | — | — | — | — | — | — | $0 | $0 |
| Property, plant and equipment | $11M | $10M | — | $35,000 | $28,000 | $1M | $1M | $2M | $2M | $2M |
| Total assets | $107M | $106M | $101M | $97M | $97M | $95M | $116M | $123M | $134M | $145M |
| Total liabilities | $22M | $19M | $11M | $12M | $8M | $12M | $5M | $5M | $4M | $4M |
| Shareholders' equity | $85M | $87M | $90M | $85M | $89M | $83M | $111M | $118M | $130M | $141M |
| Net debt | -$12M | -$11M | -$13M | -$18M | -$25M | -$16M | -$20M | -$30M | -$39M | -$52M |
Cash flow
Fiscal years, from AMREP's 10-K filings with the SEC.
| Fiscal year | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | $10M | $531,000 | $592,000 | $765,000 | $13M | $15M | $6M | $11M | $10M | $13M |
| Capital spending | $249,000 | $52,000 | $8,000 | $9,000 | $5,000 | $1M | $131,000 | $457,000 | $583,000 | $102,000 |
| Free cash flow | $10M | $479,000 | $584,000 | $756,000 | $13M | $14M | $6M | $10M | $10M | $13M |
| Stock-based compensation | $117,000 | $177,000 | $231,000 | $113,000 | $132,000 | $217,000 | $238,000 | $317,000 | $423,000 | $447,000 |
| Share buybacks (net) | — | — | — | $0 | -$5M | -$22M | $0 | — | — | — |
| Free cash flow margin | 24.0% | 5.4% | 4.6% | 4.0% | 31.5% | 24.1% | 12.9% | 20.0% | 19.4% | 24.2% |
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Open AXR in InvestinglyQuestions
What was AMREP's revenue in 2026?
$53M in fiscal 2026, from its 10-K filing.
How much free cash flow does AMREP generate?
$13M in fiscal 2026 (operating cash flow minus capital spending).
From AMREP's annual reports filed with the SEC (XBRL data), standardised by Investingly. Information only, not investment advice.