Gladstone Land (LAND) financial statements
Gladstone Land reported revenue of $12M in fiscal 2025, down 8.7% a year over 8 years.
Net income was $14M.
The diluted share count rose 265% over the period (dilution).
Revenue and free cash flow
Fiscal years, $ billions.
Income statement
Fiscal years, from Gladstone Land's 10-K filings with the SEC.
| Fiscal year | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | — | $25M | $37M | $41M | $57M | $75M | $89M | $0 | $0 | $12M |
| Cost of revenue | — | — | — | — | — | — | — | $0 | $0 | $10M |
| Gross profit | — | — | — | — | — | — | — | $0 | $0 | $3M |
| Selling, general and admin | $1M | $2M | $2M | $2M | $2M | $2M | $3M | $3M | $3M | $2M |
| Operating income | $7M | $11M | — | — | — | — | — | — | — | — |
| Interest expense | $6M | $10M | $12M | $16M | $21M | $25M | $26M | $24M | $22M | $20M |
| Pre-tax income | $473,488 | — | — | — | — | — | — | — | — | — |
| Income tax | $0 | — | — | — | — | — | — | — | — | — |
| Net income | $448,000 | -$31,000 | $3M | $2M | $5M | $3M | $5M | $15M | $13M | $14M |
| EPS (diluted) | $0.04 | $0.00 | $0.15 | -$0.13 | -$0.20 | -$0.29 | -$0.43 | -$0.28 | -$0.29 | -$0.29 |
| Diluted shares | 10M | 12M | 16M | 20M | 22M | 30M | 35M | 36M | 36M | 37M |
| Gross margin | — | — | — | — | — | — | — | — | — | 21.2% |
| Operating margin | — | 45.3% | — | — | — | — | — | — | — | — |
| Net margin | — | -0.1% | 7.2% | 4.3% | 8.6% | 4.6% | 5.3% | — | — | 111.2% |
Balance sheet
Fiscal years, from Gladstone Land's 10-K filings with the SEC.
| Fiscal year | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash and short-term investments | $2M | $3M | $15M | $14M | $9M | $17M | $61M | $19M | $18M | $27M |
| Total assets | $334M | $462M | $565M | $817M | $1.1B | $1.4B | $1.5B | $1.4B | $1.3B | $1.2B |
| Total liabilities | $246M | $344M | $384M | $538M | $683M | $762M | $726M | $668M | $625M | $569M |
| Shareholders' equity | $77M | $110M | $176M | $277M | $384M | $587M | $731M | $720M | $687M | $670M |
| Net debt | -$2M | -$3M | -$15M | -$14M | -$9M | -$17M | -$61M | -$19M | -$18M | -$27M |
Cash flow
Fiscal years, from Gladstone Land's 10-K filings with the SEC.
| Fiscal year | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | $8M | $7M | $10M | $21M | $25M | $32M | $44M | $40M | $30M | $7M |
| Dividends paid | $5M | $6M | $8M | $10M | $12M | $16M | $19M | $20M | $20M | $20M |
| Dividends per share | $0.50 | $0.53 | $0.53 | $0.53 | $0.54 | $0.54 | $0.55 | $0.55 | $0.56 | $0.56 |
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What was Gladstone Land's revenue in 2025?
$12M in fiscal 2025, from its 10-K filing.
From Gladstone Land's annual reports filed with the SEC (XBRL data), standardised by Investingly. Information only, not investment advice.