Netstreit (NTST) financial statements
Netstreit reported revenue of $195M in fiscal 2025, up 42.0% a year over 5 years.
Net income was $7M.
The diluted share count rose 298% over the period (dilution).
Revenue and free cash flow
Fiscal years, $ billions.
Income statement
Fiscal years, from Netstreit's 10-K filings with the SEC.
| Fiscal year | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|
| Revenue | — | $34M | $59M | $96M | $132M | $163M | $195M |
| Selling, general and admin | $4M | $11M | $15M | $19M | $20M | $20M | $22M |
| Operating income | — | -$2M | $3M | $14M | $24M | $18M | $50M |
| Interest expense | $11M | $5M | $4M | $9M | $19M | $30M | $51M |
| Pre-tax income | -$8M | $212,000 | $3M | $9M | $7M | -$12M | $7M |
| Income tax | $0 | $0 | $59,000 | $396,000 | -$49,000 | $49,000 | $54,000 |
| Net income | -$8M | $688,000 | $3M | $8M | $7M | -$12M | $7M |
| EPS (diluted) | — | $0.01 | $0.08 | $0.16 | $0.11 | -$0.16 | $0.08 |
| Diluted shares | — | 21M | 39M | 50M | 65M | 77M | 84M |
| Operating margin | — | -4.4% | 5.9% | 14.0% | 18.3% | 11.3% | 25.7% |
| Net margin | — | 2.0% | 5.2% | 8.4% | 5.2% | -7.3% | 3.5% |
Balance sheet
Fiscal years, from Netstreit's 10-K filings with the SEC.
| Fiscal year | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|
| Cash and short-term investments | $2M | $93M | $8M | $71M | $30M | $14M | $14M |
| Total assets | — | $726M | $1.1B | $1.6B | $1.9B | $2.3B | $2.6B |
| Total liabilities | — | $198M | $279M | $547M | $673M | $921M | $1.2B |
| Shareholders' equity | — | $494M | $779M | $1.0B | $1.3B | $1.3B | $1.4B |
| Net debt | -$2M | -$93M | -$8M | -$71M | -$30M | -$14M | -$14M |
Cash flow
Fiscal years, from Netstreit's 10-K filings with the SEC.
| Fiscal year | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|
| Operating cash flow | $6M | $13M | $31M | $51M | $80M | $90M | $110M |
| Stock-based compensation | $0 | $2M | $4M | $5M | $5M | $6M | $6M |
| Dividends paid | $0 | $8M | $30M | $40M | $52M | $63M | $70M |
| Share buybacks (net) | $0 | -$137,000 | -$504,000 | -$1M | -$688,000 | -$1M | -$753,000 |
| Dividends per share | — | $0.38 | $0.78 | $0.78 | $0.80 | $0.83 | $0.83 |
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What was Netstreit's revenue in 2025?
$195M in fiscal 2025, from its 10-K filing.
From Netstreit's annual reports filed with the SEC (XBRL data), standardised by Investingly. Information only, not investment advice.