Farmland Partners (FPI) financial statements
Farmland Partners reported revenue of $52M in fiscal 2025, up 6.0% a year over 9 years.
Net income was $32M.
The diluted share count rose 288% over the period (dilution).
Revenue and free cash flow
Fiscal years, $ billions.
Income statement
Fiscal years, from Farmland Partners's 10-K filings with the SEC.
| Fiscal year | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $31M | $46M | $56M | $54M | $51M | $52M | $61M | $57M | $58M | $52M |
| Cost of revenue | — | $361,000 | $125,000 | $927,000 | $3M | $2M | $6M | $5M | $4M | $5M |
| Gross profit | — | $46M | $56M | $53M | $47M | $50M | $55M | $53M | $54M | $48M |
| Selling, general and admin | $7M | $7M | $7M | $6M | $6M | $8M | $12M | $11M | $14M | $12M |
| Operating income | $16M | $23M | $30M | $26M | $22M | $17M | $25M | — | — | — |
| Interest expense | $10M | $14M | $19M | $20M | $18M | $16M | $16M | $23M | $19M | $10M |
| Pre-tax income | $6M | $9M | $14M | $15M | $8M | $10M | $12M | $32M | $61M | $32M |
| Income tax | $11,000 | — | — | $0 | $0 | $0 | $227,000 | -$166,000 | -$16,000 | -$15,000 |
| Net income | $4M | $8M | $12M | $14M | $7M | $10M | $12M | $31M | $60M | $32M |
| EPS (diluted) | $0.09 | $0.03 | -$0.01 | $0.04 | -$0.18 | -$0.17 | $0.16 | $0.53 | $1.06 | $0.61 |
| Diluted shares | 13M | 31M | 32M | 30M | 29M | 35M | 51M | 58M | 56M | 51M |
| Gross margin | — | 99.2% | 99.8% | 98.3% | 93.3% | 97.1% | 90.3% | 91.7% | 93.2% | 91.1% |
| Operating margin | 50.4% | 48.7% | 53.0% | 49.2% | 44.1% | 32.5% | 40.8% | — | — | — |
| Net margin | 13.9% | 17.1% | 21.9% | 25.9% | 14.0% | 19.3% | 19.1% | 53.8% | 102.9% | 60.5% |
Balance sheet
Fiscal years, from Farmland Partners's 10-K filings with the SEC.
| Fiscal year | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash and short-term investments | $47M | $54M | $17M | $13M | $27M | $30M | $8M | $5M | $78M | $9M |
| Goodwill | — | — | — | — | — | $3M | $3M | $3M | $3M | — |
| Total assets | $656M | $1.2B | $1.1B | $1.1B | $1.1B | $1.1B | $1.2B | $1.0B | $870M | $719M |
| Total liabilities | $320M | $530M | $536M | $526M | $525M | $529M | $456M | $391M | $273M | $181M |
| Shareholders' equity | $216M | $371M | $339M | $314M | $306M | $472M | $594M | $529M | $495M | $467M |
| Net debt | -$47M | -$54M | -$17M | -$13M | -$27M | -$30M | -$8M | -$5M | -$78M | -$9M |
Cash flow
Fiscal years, from Farmland Partners's 10-K filings with the SEC.
| Fiscal year | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | $5M | $929,000 | $20M | $18M | $20M | $8M | $17M | $13M | $16M | $17M |
| Stock-based compensation | $1M | $1M | $2M | $1M | $1M | $1M | $2M | $2M | $2M | $2M |
| Dividends paid | $7M | $15M | $14M | $6M | $6M | $6M | $11M | $12M | $22M | $64M |
| Share buybacks (net) | — | -$10M | -$21M | -$22M | -$7M | — | — | -$72M | -$28M | -$38M |
| Dividends per share | $0.50 | $0.47 | $0.45 | $0.20 | $0.20 | $0.18 | $0.22 | $0.21 | $0.39 | $1.24 |
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What was Farmland Partners's revenue in 2025?
$52M in fiscal 2025, from its 10-K filing.
From Farmland Partners's annual reports filed with the SEC (XBRL data), standardised by Investingly. Information only, not investment advice.