Seritage Growth Properties (SRG) Financial Statements & Analysis

Seritage Growth Properties (SRG) Income Statement

Seritage Growth Properties reported revenue of $18.20M in fiscal 2025 (fiscal year ended Dec 31, 2025), up 3.3% from $17.62M a year earlier. Seritage Growth Properties posted a net loss of $73.11M, compared with a net loss of $153.54M a year earlier. Gross margin was 9.7% and operating margin -303.6%. In the most recent quarter, Q2 fiscal 2026 (ended Jun 30, 2026), revenue was $1.87M, down 59.7% from the same quarter a year earlier.

Seritage Growth Properties Income Statement Analysis

Values in millions USD

Income Statement Balance Sheet Cash Flow Ratios

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Seritage Growth Properties income statement - Annual data in millions USD
Breakdown	FY 2025	FY 2024	FY 2024	FY 2023	FY 2023	FY 2022	FY 2021	FY 2020	FY 2019	FY 2018	FY 2017
Period ending	Dec 2025	Mar 2025	Dec 2024	Mar 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020	Dec 2019	Dec 2018	Dec 2017
Revenue & Gross Profit
Revenue	18.20	17.62	17.62	20.78	20.78	107.06	116.68	116.50	168.63	214.75	241.02
Cost of Revenue	16.44	20.27	20.27	27.41	27.41	65.72	80.26	77.93	80.72	71.15	65.35
Gross Profit	1.77	-2.65	-2.65	-6.63	-6.63	41.34	36.42	38.56	87.92	143.60	175.66
Operating Expenses
Research & Development	0.00	0.00	-	0.00	-	0.00	0.00	0.00	0.00	-	-
Selling, General & Administrative	31.95	30.02	30.02	45.99	45.99	47.63	41.95	28.85	39.16	34.79	27.90
Operating Expenses	38.23	43.14	43.14	60.46	60.46	88.75	93.15	124.85	143.74	261.72	290.23
Operating Income	-55.27	-45.79	-139.06	-67.09	-174.13	-209.83	-56.73	-86.28	-55.82	-118.12	-114.57
Other Income/Expense
Interest Income	-11.60	2.51	-0.64	17.07	-38.79	-34.33	9.29	3.39	6.82	7.89	0.88
Interest Expense	20.27	24.97	24.97	44.57	44.57	86.73	107.98	91.32	94.52	90.02	70.11
Other Income/Expense	-10.12	-106.16	-16.98	-87.78	6.45	91.56	17.94	-66.43	-34.59	3.56	-5.98
Income
Income Before Tax	-68.22	-151.95	-151.95	-154.87	-154.87	-119.63	-38.79	-152.71	-90.41	-114.56	-120.54
Income Tax Expense	0.00	1.58	-1.58	0.04	-0.04	-0.47	0.20	0.25	0.20	0.32	0.27
Net Income	-73.12	-153.54	-158.44	-154.91	-159.81	-78.85	-28.15	-105.03	-59.40	-73.47	-73.75
Net Income - Continuous Operations	-68.22	-153.54	-153.54	-154.91	-154.91	-120.10	-28.15	-105.03	-59.40	-73.47	-73.75
Net Income - Discontinued Operations	-	-	-	-	-	-	-	-	-	-	-
EBITDA	-27.60	-113.67	-41.27	-95.66	-54.80	-40.26	120.56	34.60	108.69	106.00	211.74
EBIT	-34.04	-	-54.58	-	-69.45	-81.59	69.19	-91.00	-	-	-
Depreciation & Amortization	6.44	13.31	13.31	14.65	14.65	41.34	51.38	96.00	104.58	332.69	356.09
Earnings Per Share
Basic EPS	-1.00	-3.00	-3.00	-3.00	-3.00	-2.00	-1.00	-4.00	-2.00	-2.00	-2.00
Diluted EPS	-1.00	-3.00	-3.00	-3.00	-3.00	-2.00	-1.00	-4.00	-2.00	-2.00	-2.00
Basic Shares Outstanding	56.31	56.26	56.26	56.15	56.15	49.73	42.39	38.30	36.41	35.56	33.79
Diluted Shares Outstanding	56.31	56.26	56.26	56.15	56.15	49.73	42.39	38.30	36.41	35.56	33.80

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

Frequently Asked Questions About Seritage Growth Properties Financial Statements

What was Seritage Growth Properties's revenue in fiscal 2025?

Seritage Growth Properties reported revenue of $18.20M in fiscal 2025 (fiscal year ended Dec 31, 2025). That was up 3.3% from $17.62M a year earlier.

Is Seritage Growth Properties profitable?

No. Seritage Growth Properties reported a net loss of $73.11M in fiscal 2025. In fiscal 2024 it lost $153.54M.

What is Seritage Growth Properties's operating margin?

Seritage Growth Properties's operating income was −$55.27M on revenue of $18.20M in fiscal 2025, an operating margin of -303.6%, compared with -259.9% 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