COPT Defense Properties financials
$34.28+1.54%
Close Sep 29, 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 | $197.4M | $200.6M | $197.4M | $188.8M | $189.9M | $187.9M | $183.4M | $189.2M | $187.3M | $193.3M | $179.7M | $168.6M |
| Gross profit | $191.4M | $195.1M | $157.4M | $188.8M | $178.0M | $178.2M | $110.2M | $189.2M | $187.3M | $193.3M | $305.1M | $106.8M |
| Gross margin | 96.9% | 97.2% | 79.8% | 100.0% | 93.7% | 94.8% | 60.1% | 100.0% | 100.0% | 100.0% | 169.8% | 63.3% |
| Operating income | $63.2M | $58.3M | $58.3M | $57.8M | $59.6M | $54.6M | $54.3M | $54.5M | $54.1M | $50.4M | $49.9M | -$205.7M |
| Net income | $46.2M | $38.6M | $36.9M | $41.7M | $38.2M | $34.7M | $34.6M | $36.1M | $35.1M | $32.5M | $34.7M | -$217.2M |
| Net margin | 23.4% | 19.2% | 18.7% | 22.1% | 20.1% | 18.5% | 18.9% | 19.1% | 18.7% | 16.8% | 19.3% | −128.8% |
| Diluted EPS | $0.40 | $0.34 | $0.32 | $0.37 | $0.34 | $0.31 | $0.31 | $0.32 | $0.31 | $0.29 | $0.31 | $-1.94 |
| EBITDA | $106.0M | $101.4M | $101.0M | $98.9M | $99.7M | $94.5M | $93.7M | $93.4M | $92.9M | $89.4M | $49.9M | $85.3M |
| Operating cash flow | $91.1M | $96.4M | $81.3M | $68.6M | $87.9M | $72.1M | $101.1M | $65.1M | $93.8M | $71.0M | $66.6M | $68.7M |
| Free cash flow | $25.1M | $16.7M | -$20.4M | $10.2M | $14.0M | $15.8M | $41.1M | -$32.7M | $46.8M | -$5.2M | -$4.4M | -$15.6M |
| Diluted shares | 114.9M | 114.3M | 113.8M | 113.2M | 113.2M | 113.0M | 113.1M | 113.0M | 112.8M | 112.7M | 111.2M | 112.2M |
Balance sheet
| Period end | Jun 30 | Mar 31 | Dec 31 | Sep 30 | Jun 30 | Mar 31 |
|---|---|---|---|---|---|---|
| Cash & equivalents | $24.2M | $28.6M | $275.0M | $23.7M | $21.3M | $24.3M |
| Short-term investments | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 |
| Total debt | $2.59B | $2.55B | $2.77B | $2.44B | $2.44B | $2.41B |
| Total assets | $4.52B | $4.46B | $4.70B | $4.35B | $4.29B | $4.25B |
| Total liabilities | $2.91B | $2.87B | $3.11B | $2.77B | $2.72B | $2.69B |
| Shareholders' equity | $1.58B | $1.55B | $1.56B | $1.54B | $1.53B | $1.52B |
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