Pulling SEC filings + quote and writing the call…
| Fiscal year | FY2016 | FY2017 | FY2018 | FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $862K | $7.39M | $18.0M | $24.5M | $38.6M | $37.9M | $46.2M | $47.2M | $46.8M | $46.4M |
| Revenue growth | — | 757.6% | 143.4% | 36.5% | 57.4% | -1.9% | 21.9% | 2.3% | -1.0% | -0.8% |
| Operating income | — | — | — | -$4.72M | -$48.7M | -$1.53M | $4.93M | $2.61M | $22.0M | $15.8M |
| Operating margin | — | — | — | -19.2% | -126.1% | -4.0% | 10.7% | 5.5% | 47.0% | 34.1% |
| Net income | -$1.24M | -$868K | -$1.80M | -$4.42M | -$49.1M | -$436K | -$3.29M | -$6.61M | $6.02M | $1.07M |
| Net margin | -143.6% | -11.8% | -10.0% | -18.0% | -127.2% | -1.1% | -7.1% | -14.0% | 12.9% | 2.3% |
| EPS (diluted) | -$2.89 | -$0.15 | -$0.16 | -$0.88 | -$6.14 | -$0.20 | -$0.93 | -$1.36 | $0.25 | -$0.31 |
| Fiscal year | FY2016 | FY2017 | FY2018 | FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | -$672K | $3.79M | $5.88M | $4.75M | $5.58M | $9.73M | $16.6M | $16.6M | $18.2M | $15.0M |
| Share buybacks | $83.8K | $2.47M | $8.69M | $12.1M | $17.6M | $19.1M | $4.16M | $1.13M | $11.5M | $0.00 |
| Dividends paid | $46.2K | $731K | $1.66M | $4.02M | $5.02M | $3.47M | — | — | — | — |
| Fiscal year | FY2016 | FY2017 | FY2018 | FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash & equivalents | $3.43M | $3.24M | $5.25M | $6.82M | $8.25M | $56.0M | $8.61M | $3.13M | $11.5M | $14.4M |
| Total assets | $41.3M | $157M | $252M | $491M | $407M | $428M | $454M | $531M | $508M | $476M |
| Total liabilities | $18.9M | $77.8M | $143M | $237M | $217M | $206M | $213M | $306M | $294M | $274M |
| Long-term debt | $17.3M | $72.5M | $132M | $206M | $182M | $160M | $195M | $280M | $280M | $261M |
| Shareholders' equity | $22.2M | $79.2M | $103M | $190M | $132M | $172M | $160M | $144M | $190M | $163M |
| Retained earnings | -$1.41M | -$6.08M | -$16.2M | -$31.2M | -$92.0M | -$102M | -$118M | -$146M | -$154M | -$168M |
| Shares (wtd avg diluted) | 2.46M | — | — | — | 8.01M | 7.54M | 7.49M | 9.09M | 11.2M | 11.7M |
Every figure is extracted from MODIV INDUSTRIAL, 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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