Agree Realty financials
$67.30−0.27%
Close Sep 28, 2026 · split-adjustedRevenue
Net income
Income statement & cash flow
| Quarter | Q2 '26 Jun 30 | Q1 '26 Mar 31 | Q4 '25 Dec 31 | Q3 '25 Sep 30 | Q2 '25 Jun 30 | Q1 '25 Mar 31 | Q4 '24 Dec 31 | Q3 '24 Sep 30 | Q2 '24 Jun 30 | Q1 '24 Mar 31 | Q4 '23 Dec 31 | Q3 '23 Sep 30 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $205.1M | $200.8M | $190.5M | $183.2M | $175.5M | $169.2M | $160.7M | $154.3M | $152.6M | $149.5M | $144.2M | $136.8M |
| Gross profit | $205.1M | $200.8M | $190.5M | $183.2M | $175.5M | $169.2M | $160.7M | $154.3M | $152.6M | $149.5M | $144.2M | $136.8M |
| Gross margin | 100.0% | 100.0% | 100.0% | 100.0% | 100.0% | 100.0% | 100.0% | 100.0% | 100.0% | 100.0% | 100.0% | 100.0% |
| Operating income | $92.8M | $96.3M | $90.3M | $86.3M | $80.5M | $77.9M | $75.0M | $72.6M | $74.8M | $68.5M | $67.6M | $63.1M |
| Net income | $52.8M | $60.2M | $54.2M | $50.3M | $47.3M | $45.1M | $43.4M | $42.5M | $52.9M | $43.0M | $44.1M | $39.7M |
| Net margin | 25.7% | 30.0% | 28.4% | 27.4% | 27.0% | 26.7% | 27.0% | 27.5% | 34.6% | 28.8% | 30.6% | 29.0% |
| Diluted EPS | $0.44 | $0.50 | $0.47 | $0.45 | $0.43 | $0.42 | $0.41 | $0.42 | $0.52 | $0.43 | $0.44 | $0.41 |
| EBITDA | $167.8M | $164.4M | $155.3M | $150.5M | $142.4M | $138.0M | $131.6M | $126.8M | $117.0M | $129.7M | $125.0M | $120.2M |
| Operating cash flow | $131.0M | $145.2M | $111.3M | $146.5M | $119.6M | $126.7M | $91.4M | $128.6M | $112.8M | $99.2M | $98.0M | $109.9M |
| Free cash flow | $76.8M | $116.3M | $68.0M | $92.1M | $95.4M | $103.2M | $58.5M | $102.6M | $86.1M | $84.7M | $92.3M | $89.1M |
| Diluted shares | 120.5M | 120.4M | 115.4M | 111.5M | 110.4M | 107.5M | 105.0M | 101.7M | 100.5M | 100.3M | 100.7M | 97.3M |
Balance sheet
| Period end | Jun 30 | Mar 31 | Dec 31 | Sep 30 | Jun 30 | Mar 31 |
|---|---|---|---|---|---|---|
| Cash & equivalents | $12.5M | $25.1M | $16.3M | $13.7M | $5.8M | $7.9M |
| Short-term investments | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 |
| Total debt | $3.32B | $3.22B | $2.97B | $3.36B | $3.22B | $2.95B |
| Total assets | $10.59B | $10.18B | $9.80B | $9.48B | $9.08B | $8.80B |
| Total liabilities | $4.07B | $3.94B | $3.53B | $3.61B | $3.43B | $3.16B |
| Shareholders' equity | $6.52B | $6.24B | $6.27B | $5.87B | $5.65B | $5.64B |
From SEC filings via Massive. Fiscal periods follow the company's own calendar; free cash flow is operating cash flow minus capital expenditure.
Sources: Massive / Polygon daily aggregates (split-adjusted) · SEC filings via Massive · FINRA settlements via Massive · Financial Modeling Prep. Figures are dated where shown; research is informational, not investment advice. Methodology