Pulling SEC filings + quote and writing the call…
| Fiscal year | FY2016 | FY2017 | FY2018 | FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $86.4M | $94.8M | $107M | $114M | $133M | $138M | $149M | $148M | $149M | $161M |
| Revenue growth | — | 9.8% | 12.7% | 7.1% | 16.4% | 3.4% | 8.2% | -0.9% | 1.2% | 8.0% |
| Net income | $3.96M | $5.94M | $12.3M | $9.63M | $14.9M | $10.9M | $10.8M | $4.99M | $24.0M | $19.3M |
| Net margin | 4.6% | 6.3% | 11.5% | 8.4% | 11.2% | 7.9% | 7.3% | 3.4% | 16.1% | 12.0% |
| EPS (diluted) | -$0.16 | -$0.19 | $0.03 | -$0.16 | $0.09 | -$0.09 | -$0.04 | -$0.19 | $0.27 | $0.14 |
| Fiscal year | FY2016 | FY2017 | FY2018 | FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | $41.2M | $46.8M | $55.6M | $60.2M | $65.5M | $70.1M | $69.2M | $60.4M | $57.0M | $88.2M |
| Share buybacks | $178K | $24.0K | $34.0K | $0.00 | $0.00 | — | $0.00 | $998K | $0.00 | $0.00 |
| Dividends paid | $42.5M | $50.4M | $54.6M | $58.9M | $63.8M | $67.6M | $71.1M | $60.6M | $62.8M | $68.2M |
| Fiscal year | FY2016 | FY2017 | FY2018 | FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash & equivalents | $4.66M | $6.68M | $6.59M | $6.85M | $11.0M | $7.96M | $11.7M | $12.0M | $11.0M | $10.8M |
| Total assets | $852M | $928M | $939M | $1.04B | $1.10B | $1.14B | $1.20B | $1.13B | $1.09B | $1.25B |
| Total liabilities | $541M | $578M | $599M | $676M | $723M | $771M | $827M | $809M | $753M | $905M |
| Long-term debt | $509M | $543M | $566M | $627M | $669M | $708M | $749M | $739M | $693M | $843M |
| Shareholders' equity | $240M | $267M | $250M | $208M | $213M | $201M | $204M | $153M | $171M | $172M |
| Shares (wtd avg diluted) | 23.2M | 26.4M | 28.7M | 30.7M | 34.0M | 36.5M | 39.0M | 39.9M | 41.8M | 46.5M |
Every figure is extracted from GLADSTONE COMMERCIAL CORP’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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