Farmland Partners Inc. (FPI) quarterly income statement — complete revenue, gross profit & net income history
| Metric | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 | Q2'23 | Q1'23 | Q4'22 | Q3'22 | Q2'22 | Q1'22 | Q4'21 | Q3'21 | Q2'21 |
|---|
| Revenue | 10.1M | 22.52M | 11.25M | 9.96M | 10.25M | 21.47M | 13.32M | 11.45M | 11.99M | 21.59M | 11.62M | 11.58M | 12.67M | 21.82M | 13.14M | 12.36M | 13.89M | 20.05M | 10.11M | 10.01M |
| Revenue Growth % | -1.46% | 4.85% | -15.51% | -12.98% | -14.5% | -0.55% | 14.63% | -1.2% | -5.38% | -1.06% | -11.59% | -6.26% | -8.77% | 8.84% | 30.03% | 23.41% | 20% | 11.9% | -4.71% | -4.79% |
| Property Operating Expenses | 1.47M | 3.65M | 3.25M | 3.07M | 2.14M | 2.8M | 3.53M | 2.63M | 2.34M | 5.67M | 2.8M | 3.41M | 3.13M | 3.58M | 3.79M | 3.39M | 3.39M | 1.89M | 2.41M | 2.38M |
| Net Operating Income (NOI) | 8.63M | 18.86M | 8M | 6.89M | 8.11M | 18.67M | 9.78M | 8.81M | 9.65M | 15.92M | 8.81M | 8.18M | 9.54M | 18.24M | 9.35M | 8.97M | 10.5M | 18.16M | 7.7M | 7.64M |
| NOI Margin % | 85.47% | 83.78% | 71.1% | 69.18% | 79.09% | 86.95% | 73.47% | 77.01% | 80.49% | 73.74% | 75.88% | 70.58% | 75.32% | 83.58% | 71.17% | 72.56% | 75.57% | 90.57% | 76.15% | 76.28% |
| Operating Expenses | 5.06M | 4.56M | 3.99M | 4.21M | 4.25M | 6.8M | 4.56M | 5.57M | 4.48M | 3.53M | 8.8M | 5.42M | 4.71M | 5.74M | 4.63M | 5.51M | 6.18M | 6.84M | 6.26M | 6.68M |
| G&A Expenses | 2.29M | 3.64M | 3.05M | 1.97M | 3.06M | 5.49M | 3.14M | 4.14M | 2.96M | 3.47M | 3.05M | 3.19M | 2.85M | 3.79M | 2.91M | 3.82M | 4.36M | 4.86M | 4.34M | 4.8M |
| EBITDA | 4.48M | 15.23M | 4.95M | 3.81M | 5.03M | 13.13M | 6.64M | 4.67M | 6.66M | 13.98M | 1.92M | 4.96M | 6.63M | 14.36M | 6.39M | 5.12M | 6.07M | 13.22M | 3.35M | 2.84M |
| EBITDA Margin % | 44.37% | 67.66% | 43.95% | 38.3% | 49.07% | 61.15% | 49.84% | 40.8% | 55.5% | 64.77% | 16.52% | 42.85% | 52.33% | 65.81% | 48.63% | 41.39% | 43.71% | 65.94% | 33.1% | 28.36% |
| Depreciation & Amortization | 910K | 927K | 938K | 1.13M | 1.17M | 1.26M | 1.41M | 1.43M | 1.48M | 1.59M | 1.9M | 2.21M | 1.79M | 1.88M | 1.67M | 1.66M | 1.75M | 1.9M | 1.91M | 1.89M |
| D&A / Revenue % | 9.01% | 4.12% | 8.34% | 11.35% | 11.44% | 5.88% | 10.62% | 12.49% | 12.35% | 7.38% | 16.39% | 19.05% | 14.16% | 8.63% | 12.67% | 13.43% | 12.61% | 9.47% | 18.91% | 18.83% |
| Operating Income | 3.57M | 14.31M | 4.01M | 2.69M | 3.86M | 11.87M | 5.22M | 3.24M | 5.17M | 12.39M | 15K | 2.76M | 4.84M | 12.48M | 4.72M | 3.46M | 4.32M | 11.32M | 1.43M | 955K |
| Operating Margin % | 35.36% | 63.54% | 35.61% | 26.96% | 37.63% | 55.27% | 39.22% | 28.31% | 43.15% | 57.39% | 0.13% | 23.8% | 38.17% | 57.18% | 35.96% | 27.96% | 31.1% | 56.47% | 14.19% | 9.54% |
| Interest Expense | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K |
| Interest Coverage | 1.31x | 10.55x | 1.21x | 1.10x | 1.80x | 20.59x | 1.34x | 0.61x | 1.28x | 2.19x | 1.66x | 2.35x | 1.35x | 2.45x | 1.30x | 1.83x | 1.30x | 2.88x | 0.34x | 0.27x |
| Non-Operating Income | 0 | -9.76M | 1.25M | 0 | -890K | -51.42M | -2.12M | 44K | -1.29M | 0 | -10.34M | -10.99M | -1.81M | 988K | -318K | -3.38M | -646K | -54K | 89K | -82K |
| Pretax Income | 653K | 21.78M | 483K | 7.78M | 2.11M | 60.21M | 1.85M | -2.05M | 1.43M | 17.77M | 4.12M | 7.9M | 1.72M | 6.81M | 1.15M | 3.09M | 1.14M | 13.31M | -2.67M | -2.87M |
| Pretax Margin % | 6.46% | 96.74% | 4.29% | 78.15% | 20.58% | 280.39% | 13.88% | -17.94% | 11.9% | 82.28% | 35.5% | 68.22% | 13.6% | 31.2% | 8.77% | 25% | 8.2% | 66.4% | -26.41% | -28.61% |
| Income Tax | 7K | 611K | -8K | -8K | 17K | -45K | 11K | -1K | 19K | 12K | -191K | 4K | 9K | 98K | 33K | 96K | 0 | 0 | 0 | 0 |
| Effective Tax Rate % | 1.07% | 2.81% | -1.66% | -0.1% | 0.81% | -0.07% | 0.59% | 0.05% | 1.33% | 0.07% | -4.63% | 0.05% | 0.52% | 1.44% | 2.86% | 3.11% | 0% | 0% | 0% | 0% |
| Net Income | 640K | 21.42M | 483K | 7.6M | 2.04M | 58.75M | 1.79M | -2.03M | 1.37M | 17.32M | 4.21M | 7.71M | 1.68M | 6.56M | 1.09M | 2.92M | 1.11M | 12.92M | -2.55M | -2.73M |
| Net Margin % | 6.34% | 95.14% | 4.29% | 76.33% | 19.89% | 273.57% | 13.46% | -17.7% | 11.45% | 80.2% | 36.24% | 66.57% | 13.23% | 30.06% | 8.33% | 23.6% | 7.96% | 64.43% | -25.27% | -27.31% |
| Net Income Growth % | -68.61% | -63.54% | -73.06% | 475.22% | 48.51% | 239.24% | -57.41% | -126.27% | -18.08% | 164.02% | 284.83% | 164.44% | 51.54% | -49.23% | 142.83% | 206.62% | -53.14% | 114.03% | -584.63% | -1788.27% |
| Funds From Operations (FFO) | 1.55M | 22.35M | 1.42M | 8.73M | 3.21M | 60.01M | 3.21M | -596K | 2.85M | 18.91M | 6.11M | 9.92M | 3.47M | 8.44M | 2.76M | 4.58M | 2.86M | 14.82M | -643K | -850K |
| FFO Margin % | 15.34% | 99.26% | 12.63% | 87.67% | 31.33% | 279.45% | 24.08% | -5.21% | 23.8% | 87.58% | 52.63% | 85.62% | 27.38% | 38.69% | 21% | 37.03% | 20.57% | 73.9% | -6.36% | -8.49% |
| FFO Growth % | -51.74% | -62.76% | -55.69% | 1565.1% | 12.54% | 217.32% | -47.55% | -106.01% | -17.75% | 123.98% | 121.6% | 116.74% | 21.46% | -43.02% | 529.08% | 638.35% | -33.48% | 84.61% | -125.66% | -139.26% |
| FFO per Share | 0.04 | 0.44 | 0.03 | 0.16 | 0.07 | 1.07 | 0.07 | -0.01 | 0.06 | 0.29 | 0.13 | 0.17 | 0.06 | 0.13 | 0.05 | 0.09 | 0.06 | 0.33 | -0.02 | -0.03 |
| FFO Payout Ratio % | 722.84% | 11.57% | 186.84% | 31.61% | 1735.46% | 4.82% | 90.12% | -484.73% | 454.13% | 15.33% | 48.04% | 32.03% | 93.92% | 38.6% | 114.72% | 163.59% | 202.45% | 11.12% | -255.21% | -181.41% |
| EPS (Diluted) | 0.01 | 0.46 | -0.00 | 0.14 | 0.03 | 1.03 | 0.02 | -0.06 | 0.01 | 0.26 | 0.07 | 0.12 | 0.02 | 0.09 | 0.02 | 0.04 | 0.02 | 0.22 | -0.08 | -0.09 |
| EPS Growth % | -64.16% | -55.34% | -113.95% | 341.8% | 119.69% | 296.15% | -69.8% | -148.25% | -20.13% | 183.53% | 247.32% | 200% | -34.3% | -58.32% | 126.11% | 145.45% | 221% | 266.67% | 12.78% | 12% |
| EPS (Basic) | 0.01 | 0.52 | -0.00 | 0.17 | 0.03 | 1.21 | 0.02 | -0.06 | 0.01 | 0.34 | 0.07 | 0.14 | 0.02 | 0.11 | 0.02 | 0.04 | 0.02 | 0.22 | -0.08 | -0.09 |
| Diluted Shares Outstanding | 43.2M | 51.26M | 43.19M | 54.18M | 45.59M | 55.99M | 47.84M | 47.8M | 47.7M | 64.54M | 48.43M | 59.11M | 54.01M | 62.63M | 53.49M | 50.36M | 45.78M | 44.5M | 32.55M | 31.07M |