Gladstone Land Corporation
Gladstone Land Corporation (LAND) Financial Performance & Income Statement Overview
Explore the financials of Gladstone Land Corporation (LAND), including yearly and quarterly data on income, cash flow, and balance sheets.
Gladstone Land Corporation (LAND) Income Statement & Financial Overview
Review Gladstone Land Corporation LAND income statement with detailed quarterly and annual figures.
| Metric | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 |
|---|---|---|---|---|
| Revenue | $16.80M | $21.10M | $22.57M | $21.30M |
| Cost of Revenue | $1.13M | $1.86M | $1.38M | $1.22M |
| Gross Profit | $15.68M | $19.24M | $21.19M | $20.08M |
| Gross Profit Ratio | $0.93 | $0.91 | $0.94 | $0.94 |
| R&D Expenses | $0.00 | $0.00 | $0.00 | $0.00 |
| SG&A Expenses | $3.57M | $3.31M | $3.30M | $3.40M |
| Operating Expenses | $12.00M | $11.96M | $12.21M | $12.21M |
| Total Costs & Expenses | $13.13M | $13.82M | $13.59M | $13.43M |
| Interest Income | $0.00 | $0.00 | $0.00 | $0.00 |
| Interest Expense | $5.18M | $5.39M | $5.40M | $5.54M |
| Depreciation & Amortization | $8.45M | $8.63M | $8.83M | $8.84M |
| EBITDA | $28.74M | $14.58M | $14.24M | $13.55M |
| EBITDA Ratio | $1.71 | $0.69 | $0.63 | $0.64 |
| Operating Income | $3.68M | $7.28M | $8.98M | $7.86M |
| Operating Income Ratio | $0.22 | $0.34 | $0.40 | $0.37 |
| Other Income/Expenses (Net) | $11.43M | -$6.74M | -$8.97M | -$8.69M |
| Income Before Tax | $15.11M | $540000.00 | $6000.00 | -$823000.00 |
| Income Before Tax Ratio | $0.90 | $0.03 | $0.00 | -$0.04 |
| Income Tax Expense | $0.00 | $0.00 | $0.00 | $0.00 |
| Net Income | $15.11M | $540000.00 | $6000.00 | -$823000.00 |
| Net Income Ratio | $0.90 | $0.03 | $0.00 | -$0.04 |
| EPS | $0.25 | $0.01 | -$0.16 | -$0.19 |
| Diluted EPS | $0.25 | $0.01 | -$0.16 | -$0.19 |
| Weighted Avg Shares Outstanding | $36.18M | $36.05M | $35.84M | $35.84M |
| Weighted Avg Shares Outstanding (Diluted) | $36.18M | $36.05M | $35.84M | $35.84M |
The company's financials show resilient growth, with revenue advancing from $21.30M in Q2 2024 to $16.80M in Q1 2025. Gross profit remained healthy with margins at 93% in Q1 2025 compared to 94% in Q2 2024. Operating income hit $3.68M last quarter, sustaining a consistent 22% margin. Changes in R&D and SG&A spending did not hinder EBITDA, which stood at $28.74M. Net income rose to $15.11M, while earnings per share reached $0.25. Strong cost management and operational efficiency kept profitability intact, underlining the company's stable and competitive market performance.
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