NETSTREIT (NTST) Financial Statements & Analysis

NETSTREIT (NTST) Income Statement

NETSTREIT reported revenue of $181.38M in fiscal 2025 (fiscal year ended Dec 31, 2025), up 20.9% from $150.00M a year earlier. Net income was $6.90M, a net margin of 3.8%. Gross margin was 90.0% and operating margin 30.4%. In the most recent quarter, Q2 fiscal 2026 (ended Jun 30, 2026), revenue was $58.23M, up 20.6% from the same quarter a year earlier.

NETSTREIT Income Statement Analysis

Values in millions USD

Income Statement Balance Sheet Cash Flow Ratios

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NETSTREIT 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
Period ending	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020	Dec 2019	Dec 2018
Revenue & Gross Profit
Revenue	181.38	150.00	131.91	96.28	59.14	33.73	20.32	23.83
Cost of Revenue	18.21	16.20	16.87	12.53	6.50	5.74	1.70	1.73
Gross Profit	163.17	133.80	115.04	83.75	52.64	27.99	18.62	22.10
Operating Expenses
Research & Development	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Selling, General & Administrative	21.72	19.72	20.18	19.05	14.81	11.34	3.60	3.79
Operating Expenses	108.10	96.59	83.85	69.13	45.62	31.16	18.74	22.10
Operating Income	55.07	37.21	31.18	14.62	7.02	-3.17	-0.13	0.00
Other Income/Expense
Interest Income	12.63	11.56	7.39	2.35	0.00	0.00	0.00	0.00
Interest Expense	47.21	33.32	35.61	12.32	3.52	4.72	10.89	11.00
Other Income/Expense	-12.26	-26.61	-24.34	-6.02	-3.81	3.38	-7.90	-20.30
Income
Income Before Tax	6.99	-11.95	6.84	8.60	3.21	0.21	-8.03	-20.30
Income Tax Expense	0.05	0.05	-0.05	0.40	0.06	0.00	0.00	0.00
Net Income	6.90	-11.94	6.84	8.12	3.05	0.73	-8.04	-20.30
Net Income - Continuous Operations	6.94	-12.00	6.84	8.12	3.05	0.73	-8.04	-20.30
Net Income - Discontinued Operations	-	-	-	-	-	-	-	-
EBITDA	140.58	98.24	107.53	70.72	37.24	15.85	15.01	18.31
EBIT	54.20	21.37	31.18	17.24	7.02	-	-	-
Depreciation & Amortization	86.38	76.87	65.08	49.79	30.51	14.66	10.62	12.88
Earnings Per Share
Basic EPS	-	-	-	-	-	-	-1.00	-1.00
Diluted EPS	-	-	-	-	-	-	-1.00	-1.00
Basic Shares Outstanding	82.70	76.52	63.92	49.52	37.00	17.32	24.30	24.30
Diluted Shares Outstanding	84.20	76.52	64.67	50.43	38.67	21.16	24.30	24.30

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

Frequently Asked Questions About NETSTREIT Financial Statements

What was NETSTREIT's revenue in fiscal 2025?

NETSTREIT reported revenue of $181.38M in fiscal 2025 (fiscal year ended Dec 31, 2025). That was up 20.9% from $150.00M a year earlier.

Is NETSTREIT profitable?

Yes. NETSTREIT earned net income of $6.90M in fiscal 2025, a net margin of 3.8%. In fiscal 2024 it lost $11.94M.

What is NETSTREIT's operating margin?

NETSTREIT's operating income was $55.07M on revenue of $181.38M in fiscal 2025, an operating margin of 30.4%, compared with 24.8% 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