Innovative Industrial Properties, Inc. Income Statement
IIPR / Real Estate|10 years of annual SEC 10-K data (FY2016-FY2025)
Line items include revenue, cost of goods sold, gross profit, operating expenses, interest, taxes, and net income with per-share data across 10 fiscal years. All figures from audited SEC 10-K filings.
Innovative Industrial Properties, Inc. reported $266M in revenue and $118M in net income for FY2025. Revenue has grown at a 59.3% compound annual rate over the past 8 years.
Based on SEC 10-K filings.
Key Data Points
- Altman Z-Score NaN (distress zone, below 1.23 threshold)
- Cash-backed earnings: Operating cash flow exceeds net income
- High profit margin: 44.5% of revenue retained as profit
- Conservative debt: Debt-to-equity ratio of 0.21
Data sourced from SEC EDGAR filings. Not investment advice.
| Item | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $266.0M | $308.5M | $309.5M | $276.4M | $204.6M | $116.9M | $44.7M | $14.8M | $6.4M | - |
| SG&A Expense | $33.7M | $37.4M | $42.8M | $38.5M | $23.0M | $14.2M | $9.8M | $6.4M | $5.5M | $828.0K |
| Operating Income | $124.1M | $168.3M | $174.6M | $169.6M | $135.4M | $69.7M | $24.9M | $5.3M | -$223.0K | -$4.4M |
| Interest Expense | - | - | $17.5M | $18.3M | $18.1M | $7.4M | $6.3M | $0 | $0 | - |
| Net Income | $118.2M | $161.7M | $165.6M | $154.4M | $114.0M | $65.7M | $23.5M | $7.0M | -$72.0K | -$4.4M |
| EPS (Basic) | $3.98 | $5.58 | $5.82 | $5.57 | $4.69 | $3.28 | $2.06 | $0.76 | -$0.13 | - |
| EPS (Diluted) | $3.93 | $5.52 | $5.77 | $5.52 | $4.55 | $3.27 | $2.03 | $0.75 | -$0.13 | - |
| Shares Outstanding | 28.4M | 28.5M | 28.3M | 27.7M | 26.3M | 19.6M | 10.7M | 7.3M | 3.4M | 962.8K |
| Operating Margin | 46.7% | 54.6% | 56.4% | 61.4% | 66.2% | 59.7% | 55.8% | 36.1% | -3.5% | - |
| Profit Margin | 44.5% | - | - | - | - | - | - | 47.2% | -1.1% | - |