Summit Hotel Properties, Inc. income statement
In fiscal 2025, Summit Hotel Properties, Inc. reported revenue of $729m, down 0.3% on the year before, operating income of $65.7m (a 9.0% margin) and net income of −$24.0m, or −$0.22 per diluted share. Every line below comes from the company's 10-K and 10-Q filings; column headings link to the filing.
Income statement
| Fiscal year | 2012Dec 2012 | 2013Dec 2013 | 2014Dec 2014 | 2015Dec 2015 | 2016Dec 2016 | 2017Dec 2017 | 2018Dec 2018 | 2019Dec 2019 | 2020Dec 2020 | 2021Dec 2021 | 2022Dec 2022 | 2023Dec 2023 | 2024Dec 2024 | 2025Dec 2025 | LTMJun 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 162 | 299 | 403 | 463 | 474 | 515 | 567 | 549 | 234 | 362 | 676 | 736 | 732 | 729 | 736 |
| Cost of revenue | 110 | 198 | 261 | 296 | 296 | 326 | — | — | — | — | — | — | — | — | — |
| Gross profit | 51 | 101 | 142 | 168 | 178 | 190 | — | — | — | — | — | — | — | — | — |
| General and administrative | 10 | 13 | 20 | 21 | 19 | 20 | 22 | 24 | 21 | 29 | 31 | 33 | 32 | 33 | 32 |
| Operating income | 7 | 35 | 49 | 80 | 132 | 127 | 125 | 119 | −109 | −33 | 68 | 59 | 103 | 66 | 66 |
| Interest expense | 15 | 22 | 29 | 30 | 28 | 30 | 42 | 41 | 43 | 43 | 66 | 87 | 83 | 81 | 83 |
| Provision for credit losses | — | — | — | — | — | — | 0 | 0 | 5 | −3 | −1 | — | — | — | — |
| Income before tax | −8 | 12 | 21 | 126 | 107 | 101 | 90 | 84 | −148 | −67 | 5 | −25 | 30 | −11 | −12 |
| Income tax | −1 | 5 | 1 | 1 | −1 | 2 | −1 | 2 | 1 | 1 | 4 | 3 | −9 | 1 | −2 |
| Net income | −1 | 6 | 21 | 124 | 108 | 99 | 91 | 83 | −143 | −66 | −17 | −28 | 25 | −24 | −24 |
| Diluted EPS | −$0.09 | −$0.12 | $0.05 | $1.24 | $1.00 | $0.79 | $0.68 | $0.65 | −$1.52 | −$0.80 | −$0.16 | −$0.27 | $0.22 | −$0.22 | −$0.23 |
| Diluted shares (average) | 67m | 70m | 86m | 87m | 87m | 100m | 104m | 104m | 104m | 104m | 105m | 106m | 132m | 107m | 106m |
| EBITDA | 42 | 86 | 112 | 144 | 205 | 213 | 226 | 219 | 0 | 73 | 218 | 210 | 250 | 215 | 214 |
| Quarter | 2024 Q3Sept 2024 | 2024 Q4Dec 2024 | 2025 Q1Mar 2025 | 2025 Q2Jun 2025 | 2025 Q3Sept 2025 | 2025 Q4Dec 2025 | 2026 Q1Mar 2026 | 2026 Q2Jun 2026 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 177 | 173 | 184 | 193 | 177 | 175 | 185 | 199 |
| General and administrative | 7 | 7 | 9 | 8 | 8 | 8 | 9 | 7 |
| Operating income | 16 | 8 | 20 | 23 | 9 | 15 | 14 | 29 |
| Interest expense | 20 | 20 | 20 | 21 | 21 | 19 | 20 | 22 |
| Income before tax | −3 | −11 | 1 | 3 | −12 | −3 | −5 | 8 |
| Income tax | 0 | −12 | 1 | 1 | −0 | −1 | 1 | −1 |
| Net income | −4 | 1 | −5 | −2 | −12 | −6 | −11 | 4 |
| Diluted EPS | −$0.04 | $0.01 | −$0.04 | −$0.02 | −$0.11 | −$0.05 | −$0.10 | $0.04 |
| EBITDA | 52 | 45 | 57 | 60 | 46 | 52 | 51 | 65 |
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