Gladstone Land Corp income statement
In fiscal 2025, Gladstone Land Corp reported revenue of $88.3m, up 3.7% on the year before and net income of $13.5m, or −$0.29 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 | 2017Dec 2017 | 2018Dec 2018 | 2019Dec 2019 | 2020Dec 2020 | 2021Dec 2021 | 2022Dec 2022 | 2023Dec 2023 | 2024Dec 2024 | 2025Dec 2025 | LTMJun 2026 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 25 | 37 | 41 | 57 | 75 | 89 | 90 | 85 | 88 | 88 |
| Cost of revenue | — | — | — | — | — | — | 0 | 0 | 10 | — |
| Gross profit | — | — | — | — | — | — | 90 | 85 | 79 | — |
| General and administrative | 2 | 2 | 2 | 2 | 2 | 3 | 3 | 3 | 2 | 3 |
| Operating income | 11 | — | — | — | — | — | — | — | — | — |
| Interest expense | 10 | 12 | 16 | 21 | 25 | 26 | 24 | 22 | 20 | 19 |
| Net income | −0 | 3 | 2 | 5 | 3 | 5 | 15 | 13 | 14 | −6 |
| Diluted EPS | $0.00 | $0.15 | −$0.13 | −$0.20 | −$0.29 | −$0.43 | −$0.28 | −$0.29 | −$0.29 | −$0.16 |
| Diluted shares (average) | 12m | 16m | 20m | 22m | 30m | 35m | 36m | 36m | 37m | 39m |
| EBITDA | 19 | — | — | — | — | — | — | — | — | — |
| 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 | 23 | 21 | 17 | 12 | 18 | 41 | 17 | 13 |
| General and administrative | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 |
| Interest expense | 5 | 5 | 5 | 5 | 5 | 5 | 5 | 5 |
| Income tax | — | — | 0 | 0 | — | — | 0 | 0 |
| Net income | 0 | 1 | 15 | −8 | 2 | 4 | −4 | −8 |
| Diluted EPS | −$0.16 | −$0.15 | $0.25 | −$0.38 | −$0.11 | −$0.05 | −$0.24 | −$0.32 |
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