Farmland Partners (FPI) Financial Statements & Analysis

Farmland Partners (FPI) Income Statement

Farmland Partners reported revenue of $52.18M in fiscal 2025 (fiscal year ended Dec 31, 2025), down 10.4% from $58.23M a year earlier. Net income was $31.55M, down 44.1% year over year, a net margin of 60.5%. Gross margin was 80.3% and operating margin 44.2%. In the most recent quarter, Q2 fiscal 2026 (ended Jun 30, 2026), revenue was $9.40M, down 5.7% from the same quarter a year earlier.

Farmland Partners Income Statement Analysis

Values in millions USD

Income Statement Balance Sheet Cash Flow Ratios

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Farmland Partners Inc. income statement - Annual data in millions USD
Breakdown	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020	FY 2019	FY 2018	FY 2017
Period ending	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020	Dec 2019	Dec 2018	Dec 2017
Revenue & Gross Profit
Revenue	52.18	58.23	57.47	61.21	51.74	50.69	53.56	56.07	46.22
Cost of Revenue	10.26	11.31	13.41	14.16	8.86	10.74	8.82	7.83	5.90
Gross Profit	41.92	46.92	44.05	47.05	42.88	39.95	44.74	48.24	40.32
Operating Expenses
Research & Development	0.00	0.00	0.00	0.00	0.00	0.00	0.00	-	-
Selling, General & Administrative	14.65	15.75	12.57	14.88	18.36	9.64	10.07	9.81	8.71
Operating Expenses	18.86	21.42	20.20	21.97	26.02	17.61	18.40	18.36	16.86
Operating Income	23.06	24.69	18.00	25.09	16.87	22.33	26.34	29.69	22.53
Other Income/Expense
Interest Income	0.00	1.45	0.04	0.00	0.09	0.00	0.00	0.00	0.00
Interest Expense	9.63	18.85	22.66	16.14	15.93	17.68	19.59	18.80	13.56
Other Income/Expense	18.73	36.75	13.52	3.25	9.32	-14.80	-11.49	-15.65	-13.37
Income
Income Before Tax	32.16	61.43	31.52	12.19	10.26	7.53	14.85	14.04	9.16
Income Tax Expense	-0.02	-0.02	-0.17	0.23	16.28	0.00	0.00	0.00	0.00
Net Income	31.55	56.43	27.79	11.67	9.99	7.12	13.89	12.25	7.91
Net Income - Continuous Operations	32.17	61.45	30.91	11.96	10.26	7.12	13.89	12.25	7.91
Net Income - Discontinued Operations	-	-	-	-	-	-	-	-	-
EBITDA	45.95	31.77	31.36	35.29	33.82	30.31	42.76	38.42	30.51
EBIT	41.78	26.18	23.86	28.33	26.19	-	-	-	-
Depreciation & Amortization	4.17	5.59	7.50	6.96	7.63	7.97	8.32	26.38	23.69
Earnings Per Share
Basic EPS	1.00	1.00	1.00	-	-	-	-	-	-
Diluted EPS	1.00	1.00	1.00	-	-	-	-	-	-
Basic Shares Outstanding	44.20	47.55	50.24	50.95	34.64	29.38	30.17	32.16	31.05
Diluted Shares Outstanding	51.26	55.99	58.29	50.95	34.64	29.38	30.17	32.16	31.05

Source: Company financial statements from annual and quarterly filings. Data as of Jun 30, 2026. Data sources and methodology

Frequently Asked Questions About Farmland Partners Financial Statements

What was Farmland Partners's revenue in fiscal 2025?

Farmland Partners reported revenue of $52.18M in fiscal 2025 (fiscal year ended Dec 31, 2025). That was down 10.4% from $58.23M a year earlier.

Is Farmland Partners profitable?

Yes. Farmland Partners earned net income of $31.55M in fiscal 2025, a net margin of 60.5%. In fiscal 2024 it earned $56.43M.

What is Farmland Partners's operating margin?

Farmland Partners's operating income was $23.06M on revenue of $52.18M in fiscal 2025, an operating margin of 44.2%, compared with 42.4% a year earlier.

What is net profit margin?

Net profit margin is net income divided by revenue. It shows how much of each dollar of sales a company keeps as profit after all costs, interest and taxes. Full definition