Pulling SEC filings + quote and writing the call…
| Fiscal year | FY2016 | FY2017 | FY2018 | FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $44.2M | $58.5M | $65.3M | $720K | $964K | $942K | $1.45M | $1.99M | $2.17M | $1.75M |
| Revenue growth | — | 32.6% | 11.5% | -98.9% | 33.9% | -2.3% | 53.9% | 37.4% | 8.7% | -19.2% |
| Operating income | -$291K | $1.56M | $2.46M | $10.9M | $18.4M | $19.5M | $24.6M | $29.4M | $37.5M | $43.2M |
| Operating margin | -0.7% | 2.7% | 3.8% | 1507.5% | 1910.6% | 2071.1% | 1696.4% | 1475.5% | 1732.7% | 2468.4% |
| Net income | -$11.2M | -$12.1M | -$16.5M | -$8.04M | $245K | -$9.44M | -$12.5M | -$4.69M | -$9.63M | $8.77M |
| Net margin | -25.4% | -20.7% | -25.3% | -1116.5% | 25.4% | -1002.4% | -858.9% | -235.2% | -444.7% | 500.9% |
| EPS (diluted) | -$1.89 | -$2.54 | -$3.17 | -$2.34 | -$0.96 | -$1.36 | -$22.04 | -$13,157.97 | -$346,484.38 | -$36.01 |
| Fiscal year | FY2016 | FY2017 | FY2018 | FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | $11.1M | $23.8M | $22.0M | $15.3M | $15.8M | $17.0M | $30.8M | $20.9M | $26.0M | $21.1M |
| Capital expenditures | $1.89M | $7.31M | $5.57M | $2.71M | $2.27M | $6.41M | $8.51M | — | — | — |
| Free cash flow | $9.21M | $16.5M | $16.4M | $12.5M | $13.5M | $10.6M | $22.2M | — | — | — |
| Dividends paid | $17.7M | $20.7M | $14.6M | $0.00 | — | $0.00 | $2.69M | $10.8M | $10.4M | $6.56M |
| Fiscal year | FY2016 | FY2017 | FY2018 | FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash & equivalents | $4.86M | $3.68M | $3.54M | $5.45M | $7.66M | $22.9M | $28.5M | $18.4M | $43.0M | $23.7M |
| Total assets | $489M | $458M | $508M | $484M | $489M | $465M | $685M | $668M | $654M | $602M |
| Total liabilities | $331M | $334M | $387M | $371M | $377M | $369M | $532M | $527M | $537M | $507M |
| Long-term debt | — | $308M | $364M | $343M | $347M | $336M | $466M | $478M | — | — |
| Shareholders' equity | $94.8M | $63.5M | $42.1M | $23.9M | $14.9M | $1.86M | -$15.2M | -$21.3M | -$25.4M | $234K |
| Retained earnings | -$170M | -$205M | -$233M | -$252M | -$261M | -$274M | -$296M | -$325M | -$347M | -$351M |
| Shares (wtd avg diluted) | 8.50M | 68.7M | 9.51M | 9.69M | 9.70M | 9.71M | 976K | 2.22B | 64.0M | 107K |
Every figure is extracted from Wheeler Real Estate Investment Trust, 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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