Pulling SEC filings + quote and writing the call…
| Fiscal year | FY2016 | FY2017 | FY2018 | FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $45.2M | $76.1M | $80.4M | $110M | $124M | $169M | $213M | $233M | $237M | $281M |
| Revenue growth | — | 68.5% | 5.7% | 36.2% | 13.2% | 36.1% | 26.0% | 9.6% | 1.7% | 18.6% |
| Gross profit | — | — | — | — | — | — | $147M | $159M | $156M | $172M |
| Gross margin | — | — | — | — | — | — | 69.2% | 68.0% | 65.7% | 61.3% |
| Operating income | -$14.9M | $3.58M | $16.2M | $11.6M | -$21.1M | $16.5M | $65.9M | $70.6M | $69.2M | $59.1M |
| Operating margin | -33.0% | 4.7% | 20.1% | 10.6% | -17.0% | 9.8% | 31.0% | 30.3% | 29.2% | 21.0% |
| Net income | -$26.1M | -$15.0M | -$3.72M | -$25.1M | -$51.2M | -$19.6M | $21.7M | -$2.75M | -$18.4M | -$8.76M |
| Net margin | -57.8% | -19.7% | -4.6% | -22.9% | -41.3% | -11.6% | 10.2% | -1.2% | -7.8% | -3.1% |
| EPS (diluted) | — | — | — | — | -$0.91 | -$0.37 | $0.07 | -$0.03 | -$0.20 | — |
| Fiscal year | FY2016 | FY2017 | FY2018 | FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | -$874K | $19.9M | $18.4M | $9.77M | $26.8M | $58.8M | $87.9M | $73.2M | $64.0M | $85.0M |
| Dividends paid | $11.4M | $16.7M | $17.6M | $18.2M | $19.2M | $26.2M | $49.4M | $40.6M | $37.4M | $74.8M |
| Fiscal year | FY2016 | FY2017 | FY2018 | FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash & equivalents | $15.0M | $7.36M | $10.3M | $62.3M | $72.7M | $37.3M | $39.5M | $45.1M | $23.1M | $54.2M |
| Total assets | $753M | $817M | $796M | $1.31B | $1.28B | $1.62B | $1.95B | $1.90B | $2.04B | $2.43B |
| Total liabilities | $331M | $410M | $419M | $776M | $785M | $943M | $1.11B | $1.13B | $1.37B | $1.15B |
| Long-term debt | $321M | — | — | — | — | — | — | — | — | — |
| Shareholders' equity | $411M | $379M | $345M | $274M | $183M | $343M | $467M | $404M | $326M | $1.18B |
| Retained earnings | -$43.8M | -$58.6M | -$62.3M | -$87.1M | -$141M | -$171M | -$165M | -$167M | -$186M | -$194M |
| Shares (wtd avg diluted) | — | — | — | — | 59.6M | 79.4M | 92.1M | — | — | 55.4M |
Every figure is extracted from SmartStop Self Storage REIT, 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.
Research and education only — not financial advice. TENKis not a registered investment adviser or broker-dealer and gives no personalized advice. Every call is impersonal — identical for all users, generated on a schedule from SEC filings plus a delayed/third-party price feed — may be wrong or out of date, and is not a recommendation to buy or sell any security. The operator and an affiliated trading operation may hold or trade the securities TENK rates; see Disclosures. Past performance does not guarantee future results. Do your own research.