Modiv Industrial, Inc. (MDV) 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 | 11.7M | 10.64M | 11.94M | 12.02M | 11.79M | 11.73M | 11.66M | 11.41M | 11.97M | 12.46M | 12.65M | 11.98M | 10.43M | 13.86M | 10.37M | 10.21M | 9.67M | 9.62M | 10.32M | 9.18M |
| Revenue Growth % | -0.76% | -9.29% | 2.41% | 5.33% | -1.45% | -5.87% | -7.83% | -4.72% | 14.71% | -10.07% | 21.97% | 17.27% | 7.94% | 44.04% | 0.49% | 11.21% | 6.83% | 9.21% | 6.92% | -2.35% |
| Property Operating Expenses | 905K | 31.04M | 916K | 828K | 846K | 909.92K | 1.03M | 694K | 984K | 731.06K | 1.2M | 1.53M | 1.71M | 1.54M | 1.42M | 1.43M | 2.16M | 1.58M | 1.68M | 1.87M |
| Net Operating Income (NOI) | 10.8M | -20.4M | 11.02M | 11.19M | 10.95M | 10.82M | 10.63M | 10.72M | 10.98M | 11.73M | 11.45M | 10.45M | 8.73M | 12.32M | 8.95M | 8.78M | 7.51M | 8.04M | 8.64M | 7.31M |
| NOI Margin % | 92.27% | -191.77% | 92.33% | 93.11% | 92.83% | 92.24% | 91.21% | 93.92% | 91.78% | 94.13% | 90.55% | 87.24% | 83.64% | 88.9% | 86.35% | 85.95% | 77.65% | 83.59% | 83.71% | 79.59% |
| Operating Expenses | 6.59M | -25.59M | 6.18M | 10.03M | 6.21M | 5.49M | 5.73M | 5.62M | 4.32M | 7.89M | 16.17M | 6.29M | 9.4M | 7.39M | 2.39M | 2.29M | 18.03M | 10.36M | 5.13M | 8.45M |
| G&A Expenses | 1.51M | 1.25M | 2.18M | 2.01M | 2.48M | 1.33M | 1.74M | 1.49M | 3.38M | 2.78M | 10.2M | 2.26M | 2.57M | 2.91M | 2.39M | 2.29M | 2.62M | 2.19M | 3.65M | 2.7M |
| EBITDA | 7.92M | 9.3M | 8.38M | 4.78M | 8.55M | 9.49M | 9.07M | 9.23M | 10.79M | 7.77M | -746.68K | 7.92M | 2.41M | 9.13M | 9.95M | 9.85M | -7.55M | 801.03K | 6.99M | 2.5M |
| EBITDA Margin % | 67.69% | 87.44% | 70.18% | 39.78% | 72.53% | 80.94% | 77.79% | 80.89% | 90.19% | 62.39% | -5.9% | 66.14% | 23.07% | 65.91% | 95.95% | 96.44% | -78.15% | 8.33% | 67.73% | 27.23% |
| Depreciation & Amortization | 3.72M | 4.12M | 3.53M | 3.62M | 3.82M | 4.16M | 4.17M | 4.14M | 4.13M | 3.94M | 3.97M | 3.76M | 3.08M | 4.21M | 3.38M | 3.37M | 2.97M | 3.12M | 3.48M | 3.64M |
| D&A / Revenue % | 31.77% | 38.72% | 29.6% | 30.09% | 32.38% | 35.5% | 35.75% | 36.26% | 34.54% | 31.58% | 31.4% | 31.4% | 29.48% | 30.35% | 32.64% | 32.96% | 30.73% | 32.42% | 33.75% | 39.68% |
| Operating Income | 4.2M | 5.18M | 4.84M | 1.17M | 4.74M | 5.33M | 4.9M | 5.09M | 6.66M | 3.84M | -4.72M | 4.16M | -669.39K | 4.93M | 6.56M | 6.48M | -10.52M | -2.32M | 3.51M | -1.14M |
| Operating Margin % | 35.92% | 48.72% | 40.58% | 9.69% | 40.16% | 45.44% | 42.04% | 44.64% | 55.64% | 30.8% | -37.31% | 34.74% | -6.42% | 35.56% | 63.32% | 63.48% | -108.87% | -24.09% | 33.98% | -12.45% |
| Interest Expense | 1000K | 1000K | 1000K | 0 | 1000K | 1000K | 1000K | 1000K | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Interest Coverage | 0.93x | 0.60x | 1.27x | - | 1.20x | 1.36x | 0.79x | 1.26x | - | - | - | - | - | - | - | - | - | - | - | - |
| Non-Operating Income | -38K | 2.62M | -287K | -4.18M | -320K | -857.04K | 936.25K | -1.04M | -2.93M | -961.25K | -1.79M | -72.77K | -3.56M | -131.1K | 3.6M | 3.68M | -12.11M | -4.09M | 2.34M | -1.77M |
| Pretax Income | -295K | 1.28M | 1.08M | -2.63M | 829K | 1.64M | -1.05M | 1.26M | 4.64M | -1.84M | -6.91M | 4.63M | -4.58M | 720.74K | 4.45M | 2.39M | -12.07M | -2.18M | 3.65M | -1M |
| Pretax Margin % | -2.52% | 12.04% | 9.02% | -21.91% | 7.03% | 14% | -8.99% | 11.06% | 38.75% | -14.78% | -54.61% | 38.66% | -43.89% | 5.2% | 42.93% | 23.41% | -124.92% | -22.65% | 35.36% | -10.91% |
| Income Tax | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Effective Tax Rate % | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
| Net Income | -87K | 1.21M | 1.05M | -2.02M | 829K | 1.56M | -586.4K | 1.32M | 3.72M | -1.3M | -5.54M | 3.98M | -3.76M | 763.24K | 3.92M | 2.17M | -10.15M | -2.18M | 3.65M | -1M |
| Net Margin % | -0.74% | 11.4% | 8.78% | -16.82% | 7.03% | 13.26% | -5.03% | 11.61% | 31.12% | -10.39% | -43.78% | 33.24% | -36.07% | 5.51% | 37.83% | 21.26% | -104.97% | -22.65% | 35.36% | -10.91% |
| Net Income Growth % | -110.49% | -21.99% | 278.72% | -252.6% | -77.74% | 220.06% | 89.41% | -66.71% | 198.97% | -269.7% | -241.15% | 83.33% | 62.91% | 135.04% | 7.5% | 316.71% | -1022.69% | -173.71% | 442.87% | 54.67% |
| Funds From Operations (FFO) | 3.63M | 5.33M | 4.58M | 1.59M | 4.65M | 5.72M | 3.58M | 5.46M | 7.86M | 2.64M | -1.57M | 7.74M | -686.94K | 4.97M | 7.31M | 5.54M | -7.18M | 940.32K | 7.13M | 2.64M |
| FFO Margin % | 31.03% | 50.12% | 38.38% | 13.26% | 39.4% | 48.76% | 30.72% | 47.87% | 65.66% | 21.19% | -12.38% | 64.64% | -6.58% | 35.86% | 70.47% | 54.22% | -74.24% | 9.78% | 69.12% | 28.77% |
| FFO Growth % | -21.86% | -6.75% | 27.94% | -70.82% | -40.86% | 116.6% | 328.77% | -29.44% | 1243.91% | -46.86% | -121.42% | 39.81% | 90.43% | 428.38% | 2.46% | 109.61% | -357.55% | -86.13% | 146.53% | 36.5% |
| FFO per Share | 0.30 | 0.45 | 0.39 | 0.14 | 0.41 | 0.52 | 0.33 | 0.48 | 0.69 | 0.35 | -0.21 | 1.03 | -0.09 | 0.66 | 0.72 | 0.54 | -0.95 | 0.12 | 0.81 | 0.35 |
| FFO Payout Ratio % | 21.59% | 61.97% | 87.82% | 252.51% | 61.11% | 46.31% | 75.22% | 50.23% | 30% | 114.46% | -191.45% | 26.33% | -282.89% | 38.14% | 24.26% | 37.4% | -19.77% | 96.56% | 11.76% | 32.53% |
| EPS (Diluted) | -0.11 | 0.02 | 0.00 | -0.27 | -0.01 | 0.06 | -0.18 | 0.03 | 0.33 | -0.30 | -0.86 | 0.35 | -0.62 | -0.02 | 0.35 | 0.21 | -1.47 | -0.41 | 0.40 | -0.13 |
| EPS Growth % | -733.33% | -68.99% | 101% | -1006.04% | -104% | 119.13% | 79.07% | -91.49% | 153.23% | -1315.09% | -345.71% | 66.67% | 57.82% | 94.83% | -12.5% | 261.54% | -1125% | -210.81% | 385.71% | 53.57% |
| EPS (Basic) | -0.11 | 0.02 | -0.00 | -0.31 | -0.01 | 0.07 | -0.21 | 0.04 | 0.33 | -0.30 | -0.86 | 0.41 | -0.62 | -0.02 | 0.40 | 0.17 | -1.47 | -0.42 | 0.47 | -0.13 |
| Diluted Shares Outstanding | 11.91M | 11.87M | 11.79M | 11.72M | 11.32M | 11.02M | 10.96M | 11.42M | 11.36M | 7.62M | 7.55M | 7.54M | 7.53M | 7.49M | 10.18M | 10.22M | 7.53M | 7.53M | 8.75M | 7.47M |