Lineage, Inc. income statement
In fiscal 2025, Lineage, Inc. reported revenue of $5.36bn, up 0.3% on the year before, operating income of $181m (a 3.4% margin) and net income of −$100m, or −$0.43 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 | 2022Dec 2022 | 2023Dec 2023 | 2024Dec 2024 | 2025Dec 2025 | LTMJun 2026 |
|---|---|---|---|---|---|
| Revenue | 4,928 | 5,342 | 5,340 | 5,355 | 5,371 |
| Cost of revenue | 3,473 | 3,590 | 3,578 | 3,634 | 3,654 |
| Gross profit | 1,455 | 1,752 | 1,762 | 1,721 | 1,717 |
| General and administrative | 399 | 502 | 539 | 574 | 556 |
| Operating income | 297 | 398 | −361 | 181 | 192 |
| Interest expense | 281 | 509 | 426 | 256 | 268 |
| Income before tax | −70 | −110 | −840 | −115 | — |
| Income tax | 6 | −14 | −89 | −2 | 0 |
| Net income | −63 | −77 | −664 | −100 | −169 |
| Diluted EPS | −$0.51 | −$0.73 | −$3.70 | −$0.43 | −$0.74 |
| Diluted shares (average) | 152m | 162m | 191m | 228m | 228m |
| EBITDA | 975 | 1,158 | 515 | 1,076 | 1,010 |
| 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 | 1,335 | 1,339 | 1,292 | 1,350 | 1,377 | 1,336 | 1,297 | 1,361 |
| Cost of revenue | 897 | 906 | 876 | 920 | 932 | 906 | 880 | 936 |
| Gross profit | 438 | 433 | 416 | 430 | 445 | 430 | 417 | 425 |
| General and administrative | 143 | 145 | 154 | 143 | 145 | 132 | 141 | 138 |
| Operating income | −515 | −21 | 56 | 23 | 35 | 67 | 36 | 54 |
| Interest expense | 87 | 59 | 57 | 64 | 67 | 68 | 65 | 68 |
| Income tax | −45 | −41 | 8 | −7 | 11 | −14 | 4 | −1 |
| Net income | −485 | −71 | 0 | −6 | −100 | 6 | −46 | −29 |
| Diluted EPS | −$2.44 | −$0.16 | $0.01 | −$0.03 | −$0.44 | $0.03 | −$0.18 | −$0.13 |
| EBITDA | −359 | 215 | 268 | 193 | 209 | 296 | 269 | 236 |
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