Pulling SEC filings + quote and writing the call…
| Fiscal year | FY2016 | FY2017 | FY2018 | FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | — | — | $36.7M | $40.7M | $57.0M | $75.3M | $89.2M | $0.00 | $0.00 | $12.2M |
| Revenue growth | — | — | — | 10.9% | 40.2% | 32.1% | 18.5% | -100.0% | — | — |
| Operating income | $7.06M | $11.4M | — | — | — | — | — | — | — | — |
| Net income | $448K | -$31.0K | $2.63M | $1.74M | $4.93M | $3.50M | $4.71M | $14.6M | $13.3M | $13.5M |
| Net margin | — | — | 7.2% | 4.3% | 8.6% | 4.6% | 5.3% | — | — | 111.2% |
| EPS (diluted) | $0.04 | $0.00 | $0.15 | -$0.13 | -$0.20 | -$0.29 | -$0.43 | -$0.28 | -$0.29 | -$0.29 |
| Fiscal year | FY2016 | FY2017 | FY2018 | FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | $8.40M | $6.51M | $10.4M | $21.4M | $25.0M | $32.4M | $43.8M | $40.1M | $29.5M | $6.99M |
| Dividends paid | $4.96M | $6.37M | $8.27M | $10.5M | $12.0M | $16.5M | $18.9M | $19.8M | $20.1M | $20.5M |
| Fiscal year | FY2016 | FY2017 | FY2018 | FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash & equivalents | $2.44M | $2.94M | $14.7M | $13.7M | $9.22M | $16.7M | $61.1M | $18.6M | $18.3M | $27.2M |
| Total assets | $334M | $462M | $565M | $817M | $1.07B | $1.35B | $1.46B | $1.39B | $1.31B | $1.24B |
| Total liabilities | $246M | $344M | $384M | $538M | $683M | $762M | $726M | $668M | $625M | $569M |
| Long-term debt | $207M | $301M | $336M | $482M | $624M | $668M | $627M | $574M | $528M | $474M |
| Shareholders' equity | $76.7M | $110M | $176M | $277M | $384M | $587M | $731M | $720M | $687M | $670M |
| Shares (wtd avg diluted) | 10.0M | 13.8M | 17.9M | 20.9M | 22.3M | 30.4M | 34.6M | 35.7M | 35.9M | 36.5M |
Every figure is extracted from GLADSTONE LAND 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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