Franklin Street Properties (FSP) Financial Statements & Analysis

Franklin Street Properties (FSP) Income Statement

Franklin Street Properties reported revenue of $107.16M in fiscal 2025 (fiscal year ended Dec 31, 2025), down 10.8% from $120.11M a year earlier. Franklin Street Properties posted a net loss of $44.96M, compared with a net loss of $52.72M a year earlier. Gross margin was 43.8% and operating margin -7.6%. In the most recent quarter, Q2 fiscal 2026 (ended Jun 30, 2026), revenue was $26.36M, down 1.3% from the same quarter a year earlier.

Franklin Street Properties Income Statement Analysis

Values in millions USD

Income Statement Balance Sheet Cash Flow Ratios

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Franklin Street Properties Corp. 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	107.16	120.11	145.71	165.62	209.36	245.85	269.07	268.87	272.59
Cost of Revenue	60.25	67.76	77.93	87.44	101.94	115.33	120.18	116.56	117.05
Gross Profit	46.91	52.35	67.78	78.18	107.42	130.52	148.88	152.31	155.54
Operating Expenses
Research & Development	0.00	0.00	0.00	0.00	0.00	0.00	0.00	-	-
Selling, General & Administrative	12.43	13.88	14.02	13.89	15.90	15.00	14.47	13.07	13.47
Operating Expenses	55.04	58.66	68.76	77.69	94.44	130.52	14.47	152.31	155.54
Operating Income	-8.13	-6.31	-0.98	0.48	12.97	0.00	134.41	45.01	40.81
Other Income/Expense
Interest Income	0.99	2.09	0.57	0.00	0.00	0.00	0.00	0.00	0.00
Interest Expense	24.72	26.42	24.32	22.81	32.27	36.03	36.76	38.37	32.39
Other Income/Expense	-36.65	-46.20	-46.85	23.62	80.38	32.87	-127.67	-38.37	-52.75
Income
Income Before Tax	-44.77	-52.51	-47.83	1.30	93.36	32.87	6.74	13.43	-15.54
Income Tax Expense	0.19	0.22	0.28	0.20	0.64	0.25	0.27	0.36	0.40
Net Income	-44.96	-52.72	-48.11	1.09	92.72	32.62	6.48	13.07	-15.94
Net Income - Continuous Operations	-44.96	-52.72	-48.11	1.09	92.72	32.62	6.48	13.07	-15.94
Net Income - Discontinued Operations	-	-	-	-	-	-	-	-	-
EBITDA	22.56	21.64	33.68	89.69	83.28	160.16	126.99	141.63	124.19
EBIT	-20.05	-26.08	-0.98	24.11	12.97	26.96	-	-	-
Depreciation & Amortization	42.61	47.73	57.20	63.81	70.31	91.27	83.49	96.62	103.74
Earnings Per Share
Basic EPS	-	-1.00	-	-	1.00	-	-	-	-
Diluted EPS	-	-1.00	-	-	1.00	-	-	-	-
Basic Shares Outstanding	103.64	103.51	103.36	103.34	106.67	107.30	107.23	107.23	107.23
Diluted Shares Outstanding	103.64	103.51	103.36	103.34	106.67	107.30	107.23	107.23	107.23

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

Frequently Asked Questions About Franklin Street Properties Financial Statements

What was Franklin Street Properties's revenue in fiscal 2025?

Franklin Street Properties reported revenue of $107.16M in fiscal 2025 (fiscal year ended Dec 31, 2025). That was down 10.8% from $120.11M a year earlier.

Is Franklin Street Properties profitable?

No. Franklin Street Properties reported a net loss of $44.96M in fiscal 2025. In fiscal 2024 it lost $52.72M.

What is Franklin Street Properties's operating margin?

Franklin Street Properties's operating income was −$8.13M on revenue of $107.16M in fiscal 2025, an operating margin of -7.6%, compared with -5.2% 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