Pulling SEC filings + quote and writing the call…
| Fiscal year | FY2016 | FY2017 | FY2018 | FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $249M | $241M | $1.20M | $1.60M | $293K | $1.03M | $2.45M | $5.72M | $567K | $607K |
| Revenue growth | — | -3.1% | -99.5% | 33.6% | -81.7% | 252.2% | 137.0% | 133.8% | -90.1% | 7.1% |
| Operating income | -$30.4M | -$115M | — | — | — | — | — | — | — | — |
| Operating margin | -12.2% | -47.5% | — | — | — | — | — | — | — | — |
| Net income | -$91.0M | -$121M | -$115M | -$90.6M | -$153M | -$39.0M | -$120M | -$155M | -$154M | -$68.2M |
| Net margin | -36.6% | -50.1% | -9605.2% | -5669.8% | -52206.1% | -3777.6% | -4909.9% | -2708.7% | -27078.7% | -11238.1% |
| EPS (diluted) | -$1.64 | -$2.19 | -$2.20 | -$1.77 | -$2.87 | -$0.78 | -$1.59 | -$2.85 | -$2.82 | -$1.30 |
| Fiscal year | FY2016 | FY2017 | FY2018 | FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | $97.2M | $59.6M | $54.9M | -$57.7M | -$47.3M | -$136M | -$118M | -$53.1M | -$53.5M | -$34.9M |
| Dividends paid | $39.4M | $34.2M | $35.7M | $18.0M | — | — | — | — | — | — |
| Fiscal year | FY2016 | FY2017 | FY2018 | FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash & equivalents | $52.0M | $242M | $533M | $139M | $144M | $107M | $133M | $134M | $85.2M | $48.1M |
| Total assets | $2.71B | $2.78B | $2.88B | $2.75B | $2.65B | $2.41B | $1.84B | $974M | $678M | $394M |
| Total liabilities | $1.29B | $1.45B | $1.73B | $1.71B | $1.77B | $1.57B | $1.12B | $411M | $272M | $61.0M |
| Long-term debt | $1.17B | $1.20B | — | — | — | — | — | — | — | — |
| Shareholders' equity | $805M | $887M | $781M | $731M | $649M | $688M | $720M | $562M | $404M | $331M |
| Retained earnings | -$121M | -$230M | -$344M | -$419M | -$529M | -$554M | -$641M | -$800M | -$959M | -$1.03B |
| Shares (wtd avg diluted) | 31.4M | 33.8M | 35.6M | 36.4M | 38.3M | 42.4M | 49.7M | 56.2M | 56.3M | 56.3M |
Every figure is extracted from Seritage Growth Properties’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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