Millrose Properties (MRP) Income Statement

Millrose Properties reported revenue of $600.46M in fiscal 2025 (fiscal year ended Dec 31, 2025). Net income was $404.82M, a net margin of 67.4%. Gross margin was 100.0% and operating margin 80.9%. In the most recent quarter, Q2 fiscal 2026 (ended Jun 30, 2026), revenue was $196.85M, up 32.1% from the same quarter a year earlier.

Millrose Properties Income Statement Analysis

Values in millions USD

Income Statement Balance Sheet Cash Flow Ratios

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Millrose Properties, Inc. income statement - Annual data in millions USD
Breakdown	FY 2025	FY 2024	FY 2023	FY 2022
Period ending	Dec 2025	Dec 2024	Dec 2023	Dec 2022
Revenue & Gross Profit
Revenue	600.46	0.00	0.00	0.00
Cost of Revenue	87.75	0.00	0.00	0.00
Gross Profit	600.46	0.00	0.00	0.00
Operating Expenses
Research & Development	0.00	0.00	0.00	0.00
Selling, General & Administrative	113.39	246.22	209.79	193.11
Operating Expenses	26.64	246.22	209.79	193.11
Operating Income	486.07	-246.22	-209.79	-193.11
Other Income/Expense
Interest Income	7.70	0.00	0.00	0.00
Interest Expense	91.79	0.00	0.00	0.00
Other Income/Expense	-85.70	0.00	0.00	0.00
Income
Income Before Tax	425.33	-246.22	-209.79	-193.11
Income Tax Expense	20.51	0.00	0.00	-48.86
Net Income	404.82	-246.22	-209.79	-144.25
Net Income - Continuous Operations	379.86	-246.22	-209.79	-144.25
Net Income - Discontinued Operations	-	-	-	-
EBITDA	486.07	-246.22	-209.79	0.00
EBIT	486.07	-246.22	-209.79	-193.11
Depreciation & Amortization	0.00	0.00	0.00	193.11
Earnings Per Share
Basic EPS	2.00	-2462210.00	-2.00	-
Diluted EPS	2.00	-2462210.00	-2.00	-
Basic Shares Outstanding	166.00	0.00	135.00	135.00
Diluted Shares Outstanding	166.03	0.00	135.00	135.00

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

Frequently Asked Questions About Millrose Properties Financial Statements

What was Millrose Properties's revenue in fiscal 2025?

Millrose Properties reported revenue of $600.46M in fiscal 2025 (fiscal year ended Dec 31, 2025).

Is Millrose Properties profitable?

Yes. Millrose Properties earned net income of $404.82M in fiscal 2025, a net margin of 67.4%. In fiscal 2024 it lost $246.22M.

What is Millrose Properties's operating margin?

Millrose Properties's operating income was $486.07M on revenue of $600.46M in fiscal 2025, an operating margin of 80.9%.

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