Gladstone Land Corporation (LAND) 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 | 16.55M | 41.45M | 17.79M | 12.3M | 16.8M | 21.1M | 22.57M | 21.3M | 20.25M | 24.45M | 23.53M | 21.21M | 21.2M | 24.79M | 24.21M | 20.29M | 19.94M | 22.8M | 19.59M | 16.89M |
| Revenue Growth % | -1.5% | 96.5% | -21.2% | -42.26% | -17.03% | -13.72% | -4.09% | 0.41% | -4.48% | -1.37% | -2.79% | 4.52% | 6.31% | 8.73% | 23.57% | 20.13% | 24.38% | 50.75% | 40.05% | 33.67% |
| Property Operating Expenses | 24.64M | 33.2M | 20.16M | 19.98M | 20.04M | 1.86M | 1.38M | 1.22M | 877K | 1.46M | 729K | 887K | 1.13M | 716K | 706K | 695K | 703K | 505K | 696K | 906K |
| Net Operating Income (NOI) | -8.09M | 8.25M | -2.38M | -7.68M | -3.24M | 19.24M | 21.19M | 20.08M | 19.38M | 23M | 22.8M | 20.32M | 20.07M | 24.07M | 23.5M | 19.6M | 19.24M | 22.3M | 18.89M | 15.99M |
| NOI Margin % | -48.89% | 19.91% | -13.38% | -62.49% | -19.28% | 91.19% | 93.89% | 94.28% | 95.67% | 94.04% | 96.9% | 95.82% | 94.68% | 97.11% | 97.08% | 96.58% | 96.47% | 97.79% | 96.45% | 94.64% |
| Operating Expenses | -8.93M | -7.47M | -7.19M | -7.47M | -6.92M | 11.96M | 12.21M | 12.21M | 12.11M | 14.18M | 13.41M | 12.5M | 12.63M | 14.51M | 13.01M | 11.46M | 12.66M | 12.5M | 10.51M | 8.59M |
| G&A Expenses | 1.44M | -4.7M | 3.2M | 2.89M | 3.57M | 3.31M | 3.3M | 3.4M | 3.33M | 3.45M | 3.37M | 3.45M | 3.51M | 3.43M | 3.36M | 3.07M | 3.18M | 2.8M | 2.62M | 2.3M |
| EBITDA | 11.21M | 25.07M | 13.23M | 8.19M | 12.13M | 15.93M | 17.81M | 16.7M | 16.07M | 18.57M | 18.66M | 16.89M | 16.59M | 19.07M | 19.66M | 16.55M | 14.95M | 17.81M | 15.35M | 13.71M |
| EBITDA Margin % | 67.7% | 60.48% | 74.38% | 66.57% | 72.19% | 75.49% | 78.89% | 78.41% | 79.37% | 75.93% | 79.31% | 79.65% | 78.23% | 76.94% | 81.22% | 81.55% | 74.95% | 78.11% | 78.35% | 81.13% |
| Depreciation & Amortization | 10.37M | 9.35M | 8.42M | 8.4M | 8.45M | 8.65M | 8.83M | 8.84M | 8.81M | 9.75M | 9.27M | 9.07M | 9.14M | 9.5M | 9.17M | 8.41M | 8.37M | 8.02M | 6.96M | 6.31M |
| D&A / Revenue % | 62.65% | 22.56% | 47.34% | 68.31% | 50.3% | 40.99% | 39.11% | 41.49% | 43.51% | 39.89% | 39.38% | 42.75% | 43.12% | 38.34% | 37.87% | 41.47% | 41.96% | 35.15% | 35.55% | 37.33% |
| Operating Income | 835K | 15.72M | 4.81M | -214K | 3.68M | 7.28M | 8.98M | 7.86M | 7.26M | 8.81M | 9.4M | 7.83M | 7.45M | 9.57M | 10.49M | 8.13M | 6.58M | 9.79M | 8.38M | 7.4M |
| Operating Margin % | 5.04% | 37.92% | 27.04% | -1.74% | 21.88% | 34.49% | 39.78% | 36.93% | 35.85% | 36.04% | 39.93% | 36.9% | 35.11% | 38.6% | 43.35% | 40.08% | 32.99% | 42.96% | 42.8% | 43.79% |
| Interest Expense | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K |
| Interest Coverage | 0.13x | 1.73x | 1.37x | -0.37x | 3.55x | 1.10x | 1.00x | 0.85x | 3.44x | 1.51x | 1.54x | 2.32x | 1.29x | 1.18x | 1.28x | 1.09x | 1.18x | 1.31x | 1.25x | 0.91x |
| Non-Operating Income | 172K | 5.73M | -2.88M | 1.93M | -17.36M | 1.34M | 3.57M | 3.15M | -11.86M | 0 | 401K | -5.97M | -341K | 2.17M | 2.21M | 997K | -1.06M | 1.38M | 755K | 1.79M |
| Pretax Income | -4.3M | 4.21M | 2.09M | -7.88M | 15.11M | 540K | 6K | -823K | 13.57M | 1.82M | 3.14M | 7.86M | 1.75M | 1.11M | 1.81M | 613K | 1.19M | 1.99M | 1.5M | -531K |
| Pretax Margin % | -26.01% | 10.16% | 11.73% | -64.07% | 89.91% | 2.56% | 0.03% | -3.86% | 66.99% | 7.44% | 13.35% | 37.03% | 8.25% | 4.48% | 7.46% | 3.02% | 5.95% | 8.72% | 7.67% | -3.14% |
| 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 | -4.3M | 4.21M | 2.09M | -7.88M | 15.11M | 540K | 6K | -823K | 13.57M | 1.82M | 3.14M | 7.86M | 1.75M | 1.11M | 1.8M | 616K | 1.18M | 1.98M | 1.5M | -530K |
| Net Margin % | -26.01% | 10.16% | 11.73% | -64.07% | 89.91% | 2.56% | 0.03% | -3.86% | 66.99% | 7.44% | 13.35% | 37.03% | 8.25% | 4.48% | 7.45% | 3.04% | 5.91% | 8.67% | 7.63% | -3.14% |
| Net Income Growth % | -128.49% | 680% | 34683.33% | -857.23% | 11.36% | -70.31% | -99.81% | -110.48% | 675.26% | 63.73% | 74.11% | 1175.16% | 48.56% | -43.8% | 20.67% | 216.23% | 113.02% | 1634.21% | -4.66% | -388.04% |
| Funds From Operations (FFO) | 6.07M | 13.56M | 10.51M | 521K | 23.56M | 9.19M | 8.83M | 8.01M | 22.38M | 11.57M | 12.41M | 16.92M | 10.89M | 10.62M | 10.97M | 9.03M | 9.55M | 9.99M | 8.46M | 5.78M |
| FFO Margin % | 36.64% | 32.72% | 59.08% | 4.24% | 140.21% | 43.55% | 39.14% | 37.63% | 110.5% | 47.33% | 52.72% | 79.78% | 51.37% | 42.82% | 45.32% | 44.5% | 47.87% | 43.82% | 43.18% | 34.2% |
| FFO Growth % | -74.26% | 47.62% | 18.94% | -93.5% | 5.28% | -20.61% | -28.8% | -52.65% | 105.46% | 9.03% | 13.09% | 87.38% | 14.09% | 6.24% | 29.69% | 56.33% | 45.29% | 109.43% | 54.1% | 44.32% |
| FFO per Share | 0.15 | 0.37 | 0.29 | 0.01 | 0.65 | 0.25 | 0.25 | 0.22 | 0.62 | 0.32 | 0.35 | 0.47 | 0.31 | 0.30 | 0.32 | 0.26 | 0.28 | 0.32 | 0.27 | 0.20 |
| FFO Payout Ratio % | 98.75% | 38.76% | 48.25% | 972.94% | 21.52% | 55.12% | 56.84% | 62.52% | 22.34% | 43.1% | 40.01% | 29.15% | 45.02% | 45.12% | 43.19% | 52.05% | 48.85% | 79.11% | 50.28% | 131.66% |
| EPS (Diluted) | -0.24 | -0.05 | -0.11 | -0.38 | 0.25 | -0.15 | -0.16 | -0.19 | 0.21 | -0.12 | -0.08 | 0.05 | -0.12 | -0.15 | -0.10 | -0.11 | -0.08 | -0.04 | -0.05 | -0.12 |
| EPS Growth % | -196% | 66.67% | 31.25% | -100% | 19.05% | -25% | -93.47% | -493.37% | 275% | 20% | 17.3% | 143.91% | -50.38% | -250.47% | -100% | 8.33% | 0.25% | 56.85% | -25% | -20% |
| EPS (Basic) | -0.24 | -0.05 | -0.11 | -0.38 | 0.25 | -0.15 | -0.16 | -0.19 | 0.21 | -0.12 | -0.08 | 0.05 | -0.12 | -0.15 | -0.10 | -0.11 | -0.08 | -0.04 | -0.05 | -0.12 |
| Diluted Shares Outstanding | 40.86M | 36.51M | 36.19M | 36.18M | 36.18M | 36.05M | 35.84M | 35.84M | 35.84M | 35.84M | 35.82M | 35.72M | 35.55M | 34.83M | 34.61M | 34.52M | 34.29M | 31.36M | 31.36M | 29.36M |