NLCP · Newlake Capital 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 | $12.31M | - | $12.59M | $12.93M | $13.21M | - | $12.55M | $12.46M | $12.61M | - |
| Cost of Revenue | - | - | - | - | - | - | - | - | - | - |
| Gross Profit | - | - | - | - | - | - | - | - | - | - |
| R&D | - | - | - | - | - | - | - | - | - | - |
| SG&A | $1.87M | - | $1.62M | $1.42M | $2.22M | - | $2.08M | $1.85M | $2.06M | - |
| Total Operating Expenses | $6.31M | - | $5.68M | $5.34M | $6.73M | - | $5.93M | $5.50M | $5.64M | - |
| D&A | $3.87M | - | $3.87M | $3.88M | $3.88M | - | $3.73M | $3.63M | $3.57M | - |
| Operating Income | $6.01M | - | $6.92M | $7.56M | $6.49M | - | $6.63M | $6.96M | $6.98M | - |
| Interest Expense | $214.0K | - | $232.0K | $210.0K | $83.0K | - | $177.0K | $97.0K | $83.0K | - |
| Income Tax | - | - | - | - | - | - | - | - | - | - |
| Net Income | $5.78M | - | $6.67M | $7.32M | $6.30M | - | $6.42M | $6.80M | $6.87M | - |
| EPS - Basic | $0.28 | - | $0.32 | $0.36 | $0.31 | - | $0.31 | $0.33 | $0.33 | - |
| EPS - Diluted | $0.28 | - | $0.32 | $0.35 | $0.31 | - | $0.31 | $0.33 | $0.33 | - |
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 | $24.77M | $23.94M | $23.57M | $21.85M | $19.94M | $20.21M | $19.83M | $20.69M | $21.55M | $25.84M |
| Accounts Receivable | - | - | - | - | - | - | - | - | - | - |
| Inventory | - | - | - | - | - | - | - | - | - | - |
| Accounts Payable | - | - | - | - | - | - | - | - | - | - |
| Current Assets | - | - | - | - | - | - | - | - | - | - |
| Total Assets | $417.63M | $420.83M | $424.00M | $425.85M | $427.54M | $431.54M | $434.58M | $436.20M | $433.12M | $433.29M |
| Current Liabilities | - | - | - | - | - | - | - | - | - | - |
| Long-term Debt | - | - | - | - | - | - | - | - | - | - |
| Total Liabilities | $26.00M | $26.14M | $26.39M | $26.32M | $26.45M | $27.56M | $27.66M | $27.25M | $22.45M | $21.34M |
| Stockholders' Equity | $384.94M | $387.94M | $390.81M | $392.70M | $394.24M | $396.76M | $399.66M | $401.63M | $403.32M | $404.58M |
| Retained Earnings | ($62.63M) | ($59.45M) | ($56.47M) | ($54.27M) | ($52.68M) | ($50.07M) | ($47.01M) | ($44.58M) | ($42.48M) | ($40.91M) |
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 | $10.39M | - | - | - | $10.16M | - | - | - | $10.04M | - |
| Investing Cash Flow | $0 | - | - | - | ($285.0K) | - | - | - | ($7.89M) | - |
| Financing Cash Flow | ($9.56M) | - | - | - | ($10.15M) | - | - | - | ($6.45M) | - |
| 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 | 48.9% | - | 54.9% | 58.5% | 49.2% | - | 52.9% | 55.9% | 55.3% | - |
| EBITDA margin | 80.3% | - | 85.7% | 88.5% | 78.6% | - | 82.5% | 85.0% | 83.6% | - |
| Net margin | 46.9% | - | 53.0% | 56.6% | 47.7% | - | 51.2% | 54.6% | 54.5% | - |
| Free cash flow margin | - | - | - | - | - | - | - | - | - | - |
| FCF / Net income | - | - | - | - | - | - | - | - | - | - |
| R&D / Revenue | - | - | - | - | - | - | - | - | - | - |
| SG&A / Revenue | 15.2% | - | 12.8% | 11.0% | 16.8% | - | 16.5% | 14.8% | 16.3% | - |
| Effective tax rate | - | - | - | - | - | - | - | - | - | - |
| Return on assets | 1.4% | - | 1.6% | 1.7% | 1.5% | - | 1.5% | 1.6% | 1.6% | - |
| Return on equity | 1.5% | - | 1.7% | 1.9% | 1.6% | - | 1.6% | 1.7% | 1.7% | - |
| Return on invested capital | - | - | - | - | - | - | - | - | - | - |
| Liquidity | ||||||||||
| Current ratio | - | - | - | - | - | - | - | - | - | - |
| Quick ratio | - | - | - | - | - | - | - | - | - | - |
| Cash ratio | - | - | - | - | - | - | - | - | - | - |
| Leverage | ||||||||||
| Debt / Equity | - | - | - | - | - | - | - | - | - | - |
| Debt / Assets | - | - | - | - | - | - | - | - | - | - |
| Debt / EBITDA | - | - | - | - | - | - | - | - | - | - |
| Interest coverage | 28.1x | - | 29.8x | 36.0x | 78.2x | - | 37.5x | 71.8x | 84.1x | - |
| Equity multiplier | 1.08 | 1.08 | 1.08 | 1.08 | 1.08 | 1.09 | 1.09 | 1.09 | 1.07 | 1.07 |
| Liabilities / Assets | 0.06 | 0.06 | 0.06 | 0.06 | 0.06 | 0.06 | 0.06 | 0.06 | 0.05 | 0.05 |
| Efficiency | ||||||||||
| Asset turnover | 0.03 | - | 0.03 | 0.03 | 0.03 | - | 0.03 | 0.03 | 0.03 | - |
| Inventory turnover | - | - | - | - | - | - | - | - | - | - |
| Days sales outstanding | - | - | - | - | - | - | - | - | - | - |
| Days inventory outstanding | - | - | - | - | - | - | - | - | - | - |
| Days payable outstanding | - | - | - | - | - | - | - | - | - | - |
| Cash conversion cycle | - | - | - | - | - | - | - | - | - | - |
| Valuation | ||||||||||
| P / E | 51.6x | - | 41.4x | 41.3x | 46.3x | - | 65.2x | 60.6x | 57.7x | - |
| P / B | 0.8x | - | 0.7x | 0.8x | 0.8x | - | 1.1x | 1.0x | 1.0x | - |
| P / S | 24.7x | - | 22.1x | 23.5x | 22.8x | - | 33.8x | 33.6x | 31.6x | - |
| EV / EBITDA | 28.2x | - | 23.6x | 24.6x | 27.1x | - | 39.0x | 37.6x | 35.8x | - |
| Growth | ||||||||||
| Revenue growth (YoY) | -6.8% | - | 0.3% | 3.8% | 4.8% | - | 9.3% | 9.5% | 10.4% | - |
| Revenue CAGR (3y) | 2.5% | - | 16.1% | 7.2% | 44.1% | - | - | - | - | - |
| Revenue CAGR (5y) | - | - | - | - | - | - | - | - | - | - |
| Gross profit growth (YoY) | - | - | - | - | - | - | - | - | - | - |
| Operating income growth (YoY) | -7.4% | - | 4.2% | 8.6% | -6.9% | - | 10.9% | 20.4% | 19.4% | - |
| Net income growth (YoY) | -8.3% | - | 3.8% | 7.7% | -8.3% | - | -1.4% | 17.2% | 17.1% | - |
| EPS growth (YoY) | -9.7% | - | 3.2% | 6.1% | -6.1% | - | 10.7% | 22.2% | 22.2% | - |
| EPS CAGR (3y) | 1.2% | - | 2.2% | 24.8% | 10.5% | - | - | 102.1% | - | - |
| EPS CAGR (5y) | - | - | - | - | - | - | - | - | - | - |
| FCF growth (YoY) | - | - | - | - | - | - | - | - | - | - |
| FCF CAGR (5y) | - | - | - | - | - | - | - | - | - | - |
| Book value growth (YoY) | -2.4% | -2.2% | -2.2% | -2.2% | -2.3% | -1.9% | -2.1% | -3.9% | -4.1% | -4.5% |
Peer comparison
Same SIC group: Real Estate Investment Trusts
Comparing NewLake Capital Partners against the 5 most active filers in the same SIC group.
Dividends
$1.72/share trailing 12 months · 0.0% YoY
| Ex-date | Per share |
|---|---|
| Mar 31, 2026 | $0.4300 |
| Dec 31, 2025 | $0.4300 |
| Sep 30, 2025 | $0.4300 |
| Jun 30, 2025 | $0.4300 |
| Mar 31, 2025 | $0.4300 |
| Dec 31, 2024 | $0.4300 |
| Sep 30, 2024 | $0.4300 |
| Jun 28, 2024 | $0.4300 |
| Mar 27, 2024 | $0.4100 |
| Dec 28, 2023 | $0.4000 |
| Sep 28, 2023 | $0.3900 |
| Jun 29, 2023 | $0.3900 |
| Mar 30, 2023 | $0.3900 |
| Dec 29, 2022 | $0.3900 |
| Sep 29, 2022 | $0.3700 |
| Jun 29, 2022 | $0.3500 |
| Mar 30, 2022 | $0.3300 |
| Dec 30, 2021 | $0.3100 |
| Sep 29, 2021 | $0.1200 |