Orion Properties (ONL) Financial Statements & Analysis

Orion Properties (ONL) Income Statement

Orion Properties reported revenue of $147.65M in fiscal 2025 (fiscal year ended Dec 31, 2025), down 10.4% from $164.86M a year earlier. Orion Properties posted a net loss of $139.31M, compared with a net loss of $103.01M a year earlier. Gross margin was 56.1% and operating margin -1.5%. In the most recent quarter, Q2 fiscal 2026 (ended Jun 30, 2026), revenue was $34.30M, down 8.0% from the same quarter a year earlier.

Orion Properties Income Statement Analysis

Values in millions USD

Income Statement Balance Sheet Cash Flow Ratios

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Orion Properties Inc. income statement - Annual data in millions USD
Breakdown	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020	FY 2019
Period ending	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020	Dec 2019
Revenue & Gross Profit
Revenue	147.65	164.86	195.04	208.12	79.73	53.47	53.47
Cost of Revenue	64.83	65.15	60.78	61.52	13.41	5.77	5.90
Gross Profit	82.82	99.71	134.26	146.60	66.32	47.70	47.57
Operating Expenses
Research & Development	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Selling, General & Administrative	20.31	20.09	18.72	15.91	3.83	2.05	2.04
Operating Expenses	84.99	120.91	127.83	147.28	47.75	28.00	28.97
Operating Income	-2.17	-21.20	6.43	-0.68	-39.20	19.70	18.60
Other Income/Expense
Interest Income	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Interest Expense	31.53	32.64	29.67	30.17	4.27	2.93	3.32
Other Income/Expense	-105.34	-48.92	-63.28	-66.42	-8.11	-21.60	-3.32
Income
Income Before Tax	-139.03	-102.76	-56.86	-97.26	-47.31	-1.90	15.28
Income Tax Expense	0.26	0.21	0.46	0.21	0.16	0.00	0.00
Net Income	-139.31	-103.01	-57.30	-97.49	-47.48	-1.90	15.28
Net Income - Continuous Operations	-139.29	-102.98	-57.30	-97.47	-47.48	-1.90	15.28
Net Income - Discontinued Operations	-	-	-	-	-	-	-
EBITDA	-48.76	30.70	81.93	64.28	53.52	44.85	45.52
EBIT	-107.50	-70.13	5.49	-67.09	10.60	19.70	-
Depreciation & Amortization	58.75	100.82	109.11	131.37	42.92	25.15	26.92
Earnings Per Share
Basic EPS	-2.00	-2.00	-1.00	-2.00	-1.00	-	-
Diluted EPS	-2.00	-2.00	-1.00	-2.00	-1.00	-	-
Basic Shares Outstanding	56.23	55.90	56.18	56.63	56.63	56.63	54.17
Diluted Shares Outstanding	56.23	55.90	56.41	56.63	56.63	56.63	54.17

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

Frequently Asked Questions About Orion Properties Financial Statements

What was Orion Properties's revenue in fiscal 2025?

Orion Properties reported revenue of $147.65M in fiscal 2025 (fiscal year ended Dec 31, 2025). That was down 10.4% from $164.86M a year earlier.

Is Orion Properties profitable?

No. Orion Properties reported a net loss of $139.31M in fiscal 2025. In fiscal 2024 it lost $103.01M.

What is Orion Properties's operating margin?

Orion Properties's operating income was −$2.17M on revenue of $147.65M in fiscal 2025, an operating margin of -1.5%, compared with -12.9% 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