GHI (Greystone Housing Impact Investors LP) Stock Financials & Earnings | Market Cap Arena

GHI (Greystone Housing Impact Investors LP) Stock Financials & Earnings | Market Cap Arena

GHIGreystone Housing Impact Investors LP

Mkt Cap$178M

Financial Services·Financial - Mortgages·🇺🇸 United States·NYSE

Revenue (TTM)$94M

Net Income (TTM)$8M

EPS (TTM)$0.19

Free Cash Flow (TTM)$23M

Gross Margin39.0%

Op. Margin8.9%

Net Margin8.9%

FCF Margin24.9%

P/S Ratio (TTM)1.9x

P/E Ratio (TTM)21.3x

YoY Rev Growth-16.2%

Employees—

Earnings Reports

Next: Q4 2025 · Mar 12

Revenue & Profitability

Quarter	Revenue	Gross Profit	Op. Income
Q4 22	$22M	$10M	$3M
Q1 23	$39M	$22M	$17M
Q2 23	$44M	$27M	$21M
Q3 23	$34M	$16M	$10M
Q4 23	$43M	$12M	$6M
Q1 24	$29M	$15M	$11M
Q2 24	$25M	$10M	$5M
Q3 24	$16M	$255K	-$5M
Q4 24	$31M	$15M	$10M
Q1 25	$22M	$8M	$3M
Q2 25	$21M	$7M	-$7M
Q3 25	$20M	$7M	$2M

Revenue Breakdown

Valuation

Quarter	P/S	P/E
Q4 22	1.5x	2.7x
Q1 23	1.4x	3.2x
Q2 23	1.3x	3.0x
Q3 23	1.3x	3.5x
Q4 23	1.1x	3.3x
Q1 24	1.2x	3.7x
Q2 24	1.4x	5.6x
Q3 24	1.6x	10.2x
Q4 24	1.8x	8.3x
Q1 25	1.9x	12.7x
Q2 25	2.0x	101.6x
Q3 25	1.9x	21.3x

Operating Cash Flow

Quarter	Operating CF	Free CF
Q4 22	$1M	$22K
Q1 23	$199K	$28K
Q2 23	$13M	$13M
Q3 23	$7M	$7M
Q4 23	$5M	$5M
Q1 24	$3M	$3M
Q2 24	$5M	$5M
Q3 24	$5M	$5M
Q4 24	$5M	$5M
Q1 25	$10M	$10M
Q2 25	$10M	$0
Q3 25	$8M	$8M

Capital Expenditures

CapEx

Quarter	CapEx
Q4 22	$1M
Q1 23	$172K
Q2 23	$289K
Q3 23	$118K
Q4 23	$220K
Q1 24	$0
Q2 24	$4
Q3 24	$0
Q4 24	$0
Q1 25	$0
Q2 25	$10M
Q3 25	$0

OpEx vs Revenue Growth (YoY)

Quarter	Revenue Growth	OpEx Growth
Q4 22	+9.5%	+53.7%
Q1 23	+9.5%	+137.2%
Q2 23	+48.1%	+87.4%
Q3 23	+1.6%	+62.6%
Q4 23	+93.5%	+93.1%
Q1 24	-26.8%	-19.3%
Q2 24	-43.7%	-14.0%
Q3 24	-53.3%	-15.0%
Q4 24	-28.3%	-43.8%
Q1 25	-23.5%	+3.4%
Q2 25	-16.2%	+41.6%
Q3 25	+29.9%	-9.3%

Stock-Based Compensation

Quarter	SBC ($)	% of Revenue
Q4 22	$612K	2.8%
Q1 23	$0	0.0%
Q2 23	$0	0.0%
Q3 23	$0	0.0%
Q4 23	$0	0.0%
Q1 24	$0	0.0%
Q2 24	$0	0.0%
Q3 24	$0	0.0%
Q4 24	$436K	1.4%
Q1 25	$0	0.0%
Q2 25	$505K	2.4%
Q3 25	$748M	3654.0%

OpEx Breakdown

Quarter	G&A
Q4 22	$7M
Q1 23	$6M
Q2 23	$6M
Q3 23	$6M
Q4 23	$5M
Q1 24	$5M
Q2 24	$5M
Q3 24	$5M
Q4 24	$5M
Q1 25	$5M
Q2 25	$5M
Q3 25	$5M

War Chest

Quarter	Cash	Short-term Investments	Total
Q4 22	$51M	$0	$51M
Q1 23	$52M	$0	$52M
Q2 23	$59M	$0	$59M
Q3 23	$59M	$0	$59M
Q4 23	$38M	$0	$38M
Q1 24	$56M	$0	$56M
Q2 24	$34M	$0	$34M
Q3 24	$37M	$0	$37M
Q4 24	$15M	$0	$15M
Q1 25	$51M	$0	$51M
Q2 25	$47M	$0	$47M
Q3 25	$36M	$0	$36M

Shares Outstanding

Shares Outstanding

Quarter	Shares (Diluted)	QoQ Change
Q4 22	23M	+1.8%
Q1 23	23M	+0.2%
Q2 23	23M	-0.0%
Q3 23	23M	-0.0%
Q4 23	23M	+0.1%
Q1 24	23M	+0.2%
Q2 24	23M	+0.4%
Q3 24	23M	+0.0%
Q4 24	23M	+0.1%
Q1 25	23M	+0.2%
Q2 25	23M	+0.0%
Q3 25	23M	+0.0%

Revenue Per Employee

Revenue / Employee

Year	Revenue/Employee	Employees
FY 13	—	—
FY 14	—	—
FY 15	—	—
FY 16	—	—
FY 17	—	—
FY 18	—	—
FY 19	—	—
FY 20	—	—
FY 21	—	—
FY 22	$10M	14
FY 23	$145K	1K
FY 24	$100K	1K