MRP · Millrose Properties, 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 '22 |
|---|---|---|---|---|---|---|
| Revenue | $194.93M | - | $179.26M | $149.00M | $82.70M | - |
| Cost of Revenue | - | - | - | - | - | - |
| Gross Profit | - | - | - | - | - | - |
| R&D | - | - | - | - | - | - |
| SG&A | - | - | $63.70M | $59.80M | $56.90M | - |
| Total Operating Expenses | $28.84M | - | $63.67M | $59.76M | $56.99M | - |
| D&A | - | - | - | - | - | - |
| Operating Income | $166.08M | - | $152.84M | $126.86M | ($56.99M) | - |
| Interest Expense | $39.21M | - | $43.75M | $10.29M | $2.54M | - |
| Income Tax | $5.04M | - | $0 | $4.77M | $0 | - |
| Net Income | $122.88M | - | $105.06M | ($59.76M) | ($56.99M) | - |
| EPS - Basic | $0.74 | - | $0.63 | $0.68 | $0.39 | - |
| EPS - Diluted | $0.74 | - | $0.63 | $0.68 | $0.39 | - |
Balance Sheet
| Line item | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '22 |
|---|---|---|---|---|---|---|
| Cash & Equivalents | $49.28M | $35.05M | $242.58M | $66.58M | $0 | - |
| Accounts Receivable | - | - | - | - | - | - |
| Inventory | - | - | $8.36B | $7.85B | $5.47B | - |
| Accounts Payable | - | - | - | - | - | - |
| Current Assets | - | - | - | - | - | - |
| Total Assets | $9.57B | $9.26B | $9.02B | $7.97B | $7.15B | - |
| Current Liabilities | - | - | - | - | - | - |
| Long-term Debt | - | - | - | - | - | - |
| Total Liabilities | $3.72B | $3.40B | $3.17B | $2.10B | $306.92M | - |
| Stockholders' Equity | $5.85B | $5.86B | $4.04B | $3.77B | $5.88B | $3.77B |
| Retained Earnings | - | - | - | ($98.0K) | $1.69M | - |
Cash Flow
| Line item | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '22 |
|---|---|---|---|---|---|---|
| Operating Cash Flow | $797.30M | - | - | - | $182.36M | - |
| Investing Cash Flow | ($962.02M) | - | - | - | ($606.21M) | - |
| Financing Cash Flow | $178.95M | - | - | - | ($182.36M) | - |
| CapEx | - | - | - | - | - | - |
| Free Cash Flow | - | - | - | - | - | - |
Ratios
| Metric | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '22 |
|---|---|---|---|---|---|---|
| Profitability | ||||||
| Gross margin | - | - | - | - | - | - |
| Operating margin | 85.2% | - | 85.3% | 85.1% | -68.9% | - |
| EBITDA margin | - | - | - | - | - | - |
| Net margin | 63.0% | - | 58.6% | -40.1% | -68.9% | - |
| Free cash flow margin | - | - | - | - | - | - |
| FCF / Net income | - | - | - | - | - | - |
| R&D / Revenue | - | - | - | - | - | - |
| SG&A / Revenue | - | - | 35.5% | 40.1% | 68.8% | - |
| Effective tax rate | 3.9% | - | 0.0% | - | - | - |
| Return on assets | 1.3% | - | 1.2% | -0.7% | -0.8% | - |
| Return on equity | 2.1% | - | 2.6% | -1.6% | -1.0% | - |
| Return on invested capital | - | - | - | - | - | - |
| Liquidity | ||||||
| Current ratio | - | - | - | - | - | - |
| Quick ratio | - | - | - | - | - | - |
| Cash ratio | - | - | - | - | - | - |
| Leverage | ||||||
| Debt / Equity | - | - | - | - | - | - |
| Debt / Assets | - | - | - | - | - | - |
| Debt / EBITDA | - | - | - | - | - | - |
| Interest coverage | 4.2x | - | 3.5x | 12.3x | -22.5x | - |
| Equity multiplier | 1.63 | 1.58 | 2.23 | 2.12 | 1.22 | - |
| Liabilities / Assets | 0.39 | 0.37 | 0.35 | 0.26 | 0.04 | - |
| Efficiency | ||||||
| Asset turnover | 0.02 | - | 0.02 | 0.02 | 0.01 | - |
| Inventory turnover | - | - | - | - | - | - |
| Days sales outstanding | - | - | - | - | - | - |
| Days inventory outstanding | - | - | - | - | - | - |
| Days payable outstanding | - | - | - | - | - | - |
| Cash conversion cycle | - | - | - | - | - | - |
| Valuation | ||||||
| P / E | 37.8x | - | 53.3x | 41.9x | 68.0x | - |
| P / B | 0.8x | - | 1.4x | 1.3x | 0.7x | - |
| P / S | 23.8x | - | 31.1x | 31.8x | 53.2x | - |
| EV / EBITDA | - | - | - | - | - | - |
| Growth | ||||||
| Revenue growth (YoY) | 135.7% | - | - | - | - | - |
| Revenue CAGR (3y) | - | - | - | - | - | - |
| Revenue CAGR (5y) | - | - | - | - | - | - |
| Gross profit growth (YoY) | - | - | - | - | - | - |
| Operating income growth (YoY) | - | - | - | - | - | - |
| Net income growth (YoY) | - | - | - | - | - | - |
| EPS growth (YoY) | 89.7% | - | - | - | - | - |
| EPS CAGR (3y) | - | - | - | - | - | - |
| EPS CAGR (5y) | - | - | - | - | - | - |
| FCF growth (YoY) | - | - | - | - | - | - |
| FCF CAGR (5y) | - | - | - | - | - | - |
| Book value growth (YoY) | -0.4% | - | - | - | - | - |
Peer comparison
Same SIC group: Real Estate
Comparing Millrose Properties against the 5 most active filers in the same SIC group.
Dividends
$2.93/share trailing 12 months · +671.1% YoY
| Ex-date | Per share |
|---|---|
| Apr 2, 2026 | $0.7600 |
| Jan 5, 2026 | $0.7500 |
| Oct 3, 2025 | $0.7300 |
| Jul 3, 2025 | $0.6900 |
| Apr 4, 2025 | $0.3800 |