Millrose Properties (MRP) financial statements
Millrose Properties reported revenue of $600M in fiscal 2025.
Net income was $380M.
Revenue and free cash flow
Fiscal years, $ billions.
Income statement
Fiscal years, from Millrose Properties's 10-K filings with the SEC.
| Fiscal year | 2023 | 2024 | 2025 |
|---|---|---|---|
| Revenue | — | — | $600M |
| Selling, general and admin | $210M | $246M | $25M |
| Operating income | -$210M | -$246M | $486M |
| Interest expense | — | — | $92M |
| Pre-tax income | -$210M | -$246M | $400M |
| Income tax | — | — | $21M |
| Net income | -$210M | -$246M | $380M |
| EPS (diluted) | — | — | $2.44 |
| Diluted shares | — | — | 166M |
| Operating margin | — | — | 80.9% |
| Net margin | — | — | 63.3% |
Balance sheet
Fiscal years, from Millrose Properties's 10-K filings with the SEC.
| Fiscal year | 2023 | 2024 | 2025 |
|---|---|---|---|
| Cash and short-term investments | — | $0 | $35M |
| Inventory | — | $5.5B | — |
| Total assets | — | $5.5B | $9.3B |
| Total liabilities | — | $307M | $3.4B |
| Shareholders' equity | $4.5B | $5.2B | $5.9B |
| Net debt | — | $0 | -$35M |
Cash flow
Fiscal years, from Millrose Properties's 10-K filings with the SEC.
| Fiscal year | 2023 | 2024 | 2025 |
|---|---|---|---|
| Operating cash flow | -$865M | -$917M | $3.7B |
| Stock-based compensation | $10M | $15M | $677,000 |
| Dividends paid | — | — | $299M |
| Dividends per share | — | — | $1.80 |
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What was Millrose Properties's revenue in 2025?
$600M in fiscal 2025, from its 10-K filing.
From Millrose Properties's annual reports filed with the SEC (XBRL data), standardised by Investingly. Information only, not investment advice.