PINE (PINE) financial statements
PINE reported revenue of $61M in fiscal 2025, up 31.5% a year over 6 years.
Net income was -$3M and the operating margin 21.7%, against 34.3% in 2018.
Free cash flow was -$219M, and the company returned $18M in dividends and $9M in net buybacks.
The diluted share count rose 76% over the period (dilution).
Revenue and free cash flow
Fiscal years, $ billions.
Income statement
Fiscal years, from PINE's 10-K filings with the SEC.
| Fiscal year | 2018 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|
| Revenue | $12M | $19M | $30M | $45M | $46M | $52M | $61M |
| Gross profit | — | — | — | $40M | $39M | $44M | $52M |
| Selling, general and admin | $1M | $5M | $5M | $6M | $6M | $7M | $7M |
| Operating income | $4M | $3M | $15M | $43M | $13M | $14M | $13M |
| Interest expense | — | $1M | $4M | $10M | $10M | $12M | $16M |
| Net income | $4M | $985,000 | $10M | $30M | $3M | $2M | -$3M |
| EPS (diluted) | — | $0.11 | $0.89 | $2.17 | $0.19 | $0.14 | -$0.22 |
| Diluted shares | — | 9M | 11M | 14M | 16M | 15M | 16M |
| Gross margin | — | — | — | 88.0% | 85.5% | 84.2% | 86.0% |
| Operating margin | 34.3% | 13.6% | 50.3% | 96.2% | 28.8% | 26.8% | 21.7% |
| Net margin | 34.3% | 5.1% | 33.1% | 65.8% | 6.4% | 4.0% | -4.4% |
Balance sheet
Fiscal years, from PINE's 10-K filings with the SEC.
| Fiscal year | 2018 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|
| Cash and short-term investments | $8,000 | $2M | $9M | $9M | $4M | $2M | $5M |
| Property, plant and equipment | — | $219M | $429M | $477M | $444M | $444M | $441M |
| Total assets | — | $262M | $506M | $573M | $565M | $605M | $716M |
| Total liabilities | — | $113M | $278M | $278M | $289M | $328M | $415M |
| Shareholders' equity | $124M | $127M | $197M | $262M | $251M | $253M | $280M |
| Net debt | -$8,000 | -$2M | -$9M | -$9M | -$4M | -$2M | $95M |
Cash flow
Fiscal years, from PINE's 10-K filings with the SEC.
| Fiscal year | 2018 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|
| Operating cash flow | $6M | $9M | $17M | $25M | $23M | $23M | $26M |
| Capital spending | — | — | $223M | $189M | $120M | $132M | $244M |
| Free cash flow | — | — | -$206M | -$164M | -$97M | -$109M | -$219M |
| Stock-based compensation | $232,000 | $268,000 | $309,000 | $310,000 | $318,000 | $247,000 | $380,000 |
| Dividends paid | — | $7M | $12M | $15M | $17M | $17M | $18M |
| Share buybacks (net) | — | -$5M | — | — | -$15M | -$775,000 | -$9M |
| Net borrowing | — | $107M | $132M | -$750,000 | $8M | $26M | $76M |
| Free cash flow margin | — | — | -684.5% | -364.0% | -211.9% | -208.6% | -361.3% |
| Dividends per share | — | $0.82 | $1.08 | $1.11 | $1.10 | $1.11 | $1.14 |
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Open PINE in InvestinglyQuestions
What was PINE's revenue in 2025?
$61M in fiscal 2025, from its 10-K filing.
How much free cash flow does PINE generate?
-$219M in fiscal 2025 (operating cash flow minus capital spending).
From PINE's annual reports filed with the SEC (XBRL data), standardised by Investingly. Information only, not investment advice.