FPI · Farmland Partners Inc. - Financials
Annual line items from SEC XBRL filings, sourced from EDGAR's Company Facts API with fallback to the quarterly Financial Statement Data Sets. See issuer overview for Form 4 activity and 10-K signals.
Income Statement
| Line item | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $10.10M | - | $11.25M | $9.96M | $10.25M | - | $13.32M | $11.45M | $11.99M | - |
| Cost of Revenue | - | - | - | - | - | - | - | - | - | - |
| Gross Profit | - | - | - | - | - | - | - | - | - | - |
| R&D | - | - | - | - | - | - | - | - | - | - |
| SG&A | $1.93M | - | $2.25M | $2.41M | $2.62M | - | $2.63M | $3.74M | $2.63M | - |
| Total Operating Expenses | $6.52M | - | $8.24M | $24.09M | $6.40M | - | $8.09M | $8.21M | $6.84M | - |
| D&A | $910.0K | - | $938.0K | $1.13M | $1.17M | - | $1.41M | $1.43M | $1.48M | - |
| Operating Income | $653.0K | - | $483.0K | $7.78M | $2.11M | - | $1.85M | ($2.05M) | $1.43M | - |
| Interest Expense | $2.72M | - | $2.27M | $2.44M | $5.04M | - | $5.50M | $5.25M | $5.04M | - |
| Income Tax | $7.0K | - | ($8.0K) | ($8.0K) | $17.0K | - | $11.0K | ($1.0K) | $19.0K | - |
| Net Income | $640.0K | - | $483.0K | $7.60M | $2.04M | - | $1.79M | ($2.00M) | $1.37M | - |
| EPS - Basic | $0.01 | - | $0.00 | $0.15 | $0.03 | - | $0.02 | ($0.06) | $0.01 | - |
| EPS - Diluted | $0.01 | - | $0.00 | $0.14 | $0.03 | - | $0.02 | ($0.06) | $0.01 | - |
Balance Sheet
| Line item | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash & Equivalents | $17.74M | $9.29M | $13.47M | $51.07M | $21.65M | $78.44M | $8.09M | $5.75M | $6.23M | $5.49M |
| Accounts Receivable | - | - | - | - | - | - | - | - | - | - |
| Inventory | - | - | - | - | - | - | - | - | - | - |
| Accounts Payable | - | - | - | - | - | - | - | - | - | - |
| Current Assets | - | - | - | - | - | - | - | - | - | - |
| Total Assets | $711.71M | $719.07M | $738.55M | $776.67M | $810.47M | $868.56M | $1.03B | $1.03B | $1.03B | $1.02B |
| Current Liabilities | - | - | - | - | - | - | - | - | - | - |
| Long-term Debt | $232.79M | $161.59M | $170.39M | $193.39M | $202.57M | $204.57M | $393.96M | $392.96M | $382.96M | $363.10M |
| Total Liabilities | $248.21M | $181.09M | $180.15M | $202.67M | $218.52M | $272.00M | $406.48M | $406.54M | $404.66M | $391.19M |
| Stockholders' Equity | $463.51M | $467.39M | $457.32M | $473.51M | $492.20M | $494.59M | $519.41M | $521.47M | $526.67M | $528.84M |
| Retained Earnings | $117.75M | $117.31M | $96.40M | $96.51M | $89.65M | $88.35M | $30.35M | $29.30M | $32.04M | $31.41M |
Cash Flow
| Line item | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | $8.25M | - | - | - | $6.37M | - | - | - | $11.90M | - |
| Investing Cash Flow | $12.02M | - | - | - | $99.0K | - | - | - | ($14.50M) | - |
| Financing Cash Flow | ($11.82M) | - | - | - | ($63.26M) | - | - | - | $3.34M | - |
| CapEx | - | - | - | - | - | - | - | - | - | - |
| Free Cash Flow | - | - | - | - | - | - | - | - | - | - |
Ratios
| Metric | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Profitability | ||||||||||
| Gross margin | - | - | - | - | - | - | - | - | - | - |
| Operating margin | 6.5% | - | 4.3% | 78.2% | 20.6% | - | 13.9% | -17.9% | 11.9% | - |
| EBITDA margin | 15.5% | - | 12.6% | 89.5% | 32.0% | - | 24.5% | -5.4% | 24.3% | - |
| Net margin | 6.3% | - | 4.3% | 76.3% | 19.9% | - | 13.5% | -17.5% | 11.5% | - |
| Free cash flow margin | - | - | - | - | - | - | - | - | - | - |
| FCF / Net income | - | - | - | - | - | - | - | - | - | - |
| R&D / Revenue | - | - | - | - | - | - | - | - | - | - |
| SG&A / Revenue | 19.1% | - | 20.0% | 24.2% | 25.6% | - | 19.8% | 32.7% | 21.9% | - |
| Effective tax rate | 1.1% | - | -1.7% | -0.1% | 0.8% | - | 0.6% | - | 1.4% | - |
| Return on assets | 0.1% | - | 0.1% | 1.0% | 0.3% | - | 0.2% | -0.2% | 0.1% | - |
| Return on equity | 0.1% | - | 0.1% | 1.6% | 0.4% | - | 0.3% | -0.4% | 0.3% | - |
| Return on invested capital | 0.1% | - | 0.1% | 1.2% | 0.3% | - | 0.2% | -0.2% | 0.2% | - |
| Liquidity | ||||||||||
| Current ratio | - | - | - | - | - | - | - | - | - | - |
| Quick ratio | - | - | - | - | - | - | - | - | - | - |
| Cash ratio | - | - | - | - | - | - | - | - | - | - |
| Leverage | ||||||||||
| Debt / Equity | 0.50 | 0.35 | 0.37 | 0.41 | 0.41 | 0.41 | 0.76 | 0.75 | 0.73 | 0.69 |
| Debt / Assets | 0.33 | 0.22 | 0.23 | 0.25 | 0.25 | 0.24 | 0.38 | 0.38 | 0.37 | 0.36 |
| Debt / EBITDA | 148.94 | - | 119.91 | 21.70 | 61.70 | - | 120.74 | - | 131.69 | - |
| Interest coverage | 0.2x | - | 0.2x | 3.2x | 0.4x | - | 0.3x | -0.4x | 0.3x | - |
| Equity multiplier | 1.54 | 1.54 | 1.61 | 1.64 | 1.65 | 1.76 | 1.98 | 1.97 | 1.96 | 1.93 |
| Liabilities / Assets | 0.35 | 0.25 | 0.24 | 0.26 | 0.27 | 0.31 | 0.40 | 0.40 | 0.39 | 0.38 |
| Efficiency | ||||||||||
| Asset turnover | 0.01 | - | 0.02 | 0.01 | 0.01 | - | 0.01 | 0.01 | 0.01 | - |
| Inventory turnover | - | - | - | - | - | - | - | - | - | - |
| Days sales outstanding | - | - | - | - | - | - | - | - | - | - |
| Days inventory outstanding | - | - | - | - | - | - | - | - | - | - |
| Days payable outstanding | - | - | - | - | - | - | - | - | - | - |
| Cash conversion cycle | - | - | - | - | - | - | - | - | - | - |
| Valuation | ||||||||||
| P / E | 1123.0x | - | - | 82.2x | 371.7x | - | 522.5x | - | 1110.0x | - |
| P / B | 1.0x | - | 1.0x | 1.3x | 1.0x | - | 1.0x | 1.1x | 1.0x | - |
| P / S | 48.0x | - | 41.8x | 62.4x | 49.6x | - | 37.5x | 48.2x | 44.2x | - |
| EV / EBITDA | 448.0x | - | 441.1x | 85.7x | 209.9x | - | 271.5x | - | 311.6x | - |
| Growth | ||||||||||
| Revenue growth (YoY) | -1.5% | - | -15.5% | -13.0% | -14.5% | - | 14.6% | -1.2% | -5.4% | - |
| Revenue CAGR (3y) | -7.3% | - | -5.0% | -6.9% | -9.6% | - | 9.6% | 4.6% | 1.2% | - |
| Revenue CAGR (5y) | -2.7% | - | 1.2% | -1.1% | -2.5% | - | 6.2% | 0.9% | 1.9% | - |
| Gross profit growth (YoY) | - | - | - | - | - | - | - | - | - | - |
| Operating income growth (YoY) | -69.1% | - | -73.9% | - | 47.9% | - | 12226.7% | - | -70.5% | - |
| Net income growth (YoY) | -68.6% | - | -73.1% | - | 48.5% | - | -57.4% | - | -18.1% | - |
| EPS growth (YoY) | -66.7% | - | - | - | 200.0% | - | -71.4% | - | -50.0% | - |
| EPS CAGR (3y) | -20.6% | - | - | 51.8% | - | - | - | - | - | - |
| EPS CAGR (5y) | - | - | - | - | - | - | - | - | - | - |
| FCF growth (YoY) | - | - | - | - | - | - | - | - | - | - |
| FCF CAGR (5y) | - | - | - | - | - | - | - | - | - | - |
| Book value growth (YoY) | -5.8% | -5.5% | -12.0% | -9.2% | -6.5% | -6.5% | -1.8% | -2.6% | -8.7% | -11.0% |
Peer comparison
Same SIC group: Real Estate Investment Trusts
Comparing Farmland Partners Inc. against the 5 most active filers in the same SIC group.
Dividends
$0.47/share trailing 12 months · -66.2% YoY
| Ex-date | Per share |
|---|---|
| Apr 1, 2026 | $0.0900 |
| Jan 2, 2026 | $0.0600 |
| Dec 23, 2025 | $0.2000 |
| Oct 1, 2025 | $0.0600 |
| Jul 1, 2025 | $0.0600 |
| Apr 1, 2025 | $0.0600 |
| Jan 2, 2025 | $0.0600 |
| Dec 23, 2024 | $1.1500 |
| Oct 1, 2024 | $0.0600 |
| Jul 1, 2024 | $0.0600 |
| Mar 28, 2024 | $0.0600 |
| Dec 29, 2023 | $0.0600 |
| Dec 28, 2023 | $0.2100 |
| Sep 29, 2023 | $0.0600 |
| Jun 30, 2023 | $0.0600 |
| Mar 31, 2023 | $0.0600 |
| Dec 29, 2022 | $0.0600 |
| Sep 29, 2022 | $0.0600 |
| Jun 30, 2022 | $0.0600 |
| Mar 31, 2022 | $0.0500 |
| Dec 31, 2021 | $0.0500 |
| Sep 30, 2021 | $0.0500 |
| Jun 30, 2021 | $0.0500 |
| Mar 31, 2021 | $0.0500 |