Pulling SEC filings + quote and writing the call…
| Fiscal year | FY2016 | FY2017 | FY2018 | FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $93.0M | $104M | $110M | $116M | $123M | $123M | $130M | $138M | $149M | $153M |
| Revenue growth | — | 11.8% | 5.8% | 5.6% | 5.8% | -0.1% | 5.7% | 6.5% | 7.6% | 3.0% |
| Operating income | $25.8M | $29.5M | $32.5M | $33.5M | $32.1M | $24.2M | $27.6M | $33.2M | $40.5M | $4.18M |
| Operating margin | 27.7% | 28.4% | 29.5% | 28.8% | 26.2% | 19.7% | 21.3% | 24.0% | 27.2% | 2.7% |
| Net income | -$12.3M | -$6.00M | -$9.00M | -$4.12M | -$12.2M | -$20.0M | -$12.6M | -$15.6M | -$6.58M | -$52.3M |
| Net margin | -13.3% | -5.8% | -8.2% | -3.5% | -10.0% | -16.3% | -9.7% | -11.3% | -4.4% | -34.2% |
| EPS (diluted) | -$0.34 | -$0.15 | -$0.22 | -$0.11 | -$0.31 | -$0.51 | — | — | — | — |
| Fiscal year | FY2016 | FY2017 | FY2018 | FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | $9.35M | $13.1M | $22.4M | $23.8M | $16.0M | $10.8M | $20.1M | $26.2M | $31.9M | $22.6M |
| Capital expenditures | $18.2M | $22.7M | $45.6M | $42.6M | $33.2M | $80.8M | $52.1M | $46.3M | $69.7M | — |
| Free cash flow | -$8.81M | -$9.66M | -$23.3M | -$18.9M | -$17.2M | -$70.0M | -$32.0M | -$20.1M | -$37.9M | — |
| Share buybacks | — | — | $0.00 | $0.00 | $10.0M | $0.00 | — | — | — | — |
| Dividends paid | $9.95M | $16.6M | $17.0M | $17.1M | $17.2M | $16.8M | $17.1M | $17.4M | $17.6M | $18.5M |
| Fiscal year | FY2016 | FY2017 | FY2018 | FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash & equivalents | $37.5M | $7.94M | $37.0M | $42.5M | $72.1M | $34.5M | $18.2M | $22.2M | $19.9M | $30.8M |
| Total assets | $905M | $1.05B | $1.10B | $1.17B | $1.21B | $1.23B | $1.23B | $1.25B | $1.29B | $1.23B |
| Total liabilities | $779M | $866M | $940M | $1.02B | $1.10B | $1.16B | $1.19B | $1.24B | $1.30B | $1.32B |
| Long-term debt | — | $844M | $914M | $998M | $1.08B | $1.13B | $1.16B | $1.21B | $1.27B | — |
| Shareholders' equity | $38.2M | $74.9M | $65.2M | $57.2M | $39.5M | $26.5M | $14.1M | $2.74M | -$5.41M | -$30.7M |
| Retained earnings | -$8.58M | -$17.5M | -$27.9M | -$36.4M | -$48.0M | -$61.7M | -$74.9M | -$86.9M | -$95.5M | -$122M |
| Shares (wtd avg diluted) | 11.4M | 17.8M | 17.8M | 17.8M | 16.1M | 16.1B | 16.1M | 16.1M | 16.1M | 16.1M |
Every figure is extracted from Clipper Realty Inc.’s annual reports as filed with the SEC (XBRL company facts) — no third-party estimates. Fiscal years are labeled by period end; filers occasionally re-tag concepts, so a sparse cell means the company didn’t report that concept for that year. Free cash flow = operating cash flow − capital expenditures.
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