GNL (Global Net Lease, Inc.) Stock Financials & Earnings | Market Cap Arena

GNL (Global Net Lease, Inc.) Stock Financials & Earnings | Market Cap Arena

GNLGlobal Net Lease, Inc.

Mkt Cap$2B

Real Estate·REIT - Diversified·🇺🇸 United States·NYSE

Revenue (TTM)$495M

Net Income (TTM)-$225M

EPS (TTM)-$1.18

Free Cash Flow (TTM)$173M

Gross Margin71.7%

Op. Margin8.5%

Net Margin-45.5%

FCF Margin35.0%

P/S Ratio (TTM)4.2x

P/E Ratio (TTM)—

YoY Rev Growth-28.1%

Employees—

Earnings Reports

Revenue & Profitability

Quarter	Revenue	Gross Profit	Op. Income
Q1 23	$94M	$86M	$30M
Q2 23	$96M	$87M	$4M
Q3 23	$118M	$105M	-$96M
Q4 23	$207M	$170M	$45M
Q1 24	$148M	$130M	$57M
Q2 24	$145M	$130M	$62M
Q3 24	$197M	$163M	$18M
Q4 24	$199M	$163M	$64M
Q1 25	$132M	$118M	-$28M
Q2 25	$125M	$113M	$42M
Q3 25	$121M	$108M	-$14M
Q4 25	$117M	$16M	$42M

Revenue Breakdown

Valuation

Quarter	P/S	P/E
Q1 23	5.5x	3490.3x
Q2 23	5.5x	—
Q3 23	5.1x	—
Q4 23	4.0x	—
Q1 24	3.6x	—
Q2 24	3.3x	—
Q3 24	3.0x	—
Q4 24	3.0x	—
Q1 25	3.1x	—
Q2 25	3.2x	—
Q3 25	3.6x	—
Q4 25	4.2x	—

Operating Cash Flow

Quarter	Operating CF	Free CF
Q1 23	$63M	$56M
Q2 23	$21M	$18M
Q3 23	$4M	-$15M
Q4 23	$56M	$38M
Q1 24	$92M	$84M
Q2 24	$70M	$60M
Q3 24	$62M	$48M
Q4 24	$75M	$62M
Q1 25	$59M	$49M
Q2 25	$52M	$42M
Q3 25	$56M	$49M
Q4 25	$39M	$32M

Capital Expenditures

CapEx

Quarter	CapEx
Q1 23	$7M
Q2 23	$4M
Q3 23	$18M
Q4 23	$18M
Q1 24	$8M
Q2 24	$11M
Q3 24	$14M
Q4 24	$13M
Q1 25	$10M
Q2 25	$10M
Q3 25	$7M
Q4 25	$7M

OpEx vs Revenue Growth (YoY)

Quarter	Revenue Growth	OpEx Growth
Q1 23	-2.9%	-0.5%
Q2 23	+0.7%	+13.7%
Q3 23	+27.6%	+236.1%
Q4 23	+120.0%	+130.4%
Q1 24	+56.8%	+42.0%
Q2 24	+51.8%	-8.6%
Q3 24	+66.3%	-16.4%
Q4 24	-3.7%	-16.2%
Q1 25	-10.5%	+76.5%
Q2 25	-14.1%	-1.1%
Q3 25	-38.4%	-24.3%
Q4 25	-41.3%	-44.7%

Stock-Based Compensation

Quarter	SBC ($)	% of Revenue
Q1 23	$3M	3.1%
Q2 23	$3M	3.0%
Q3 23	$4M	3.5%
Q4 23	$23M	11.1%
Q1 24	$2M	1.3%
Q2 24	$2M	1.6%
Q3 24	$2M	1.2%
Q4 24	$2M	1.2%
Q1 25	$3M	2.3%
Q2 25	$3M	2.7%
Q3 25	$3M	2.5%
Q4 25	$3M	2.6%

OpEx Breakdown

Quarter	G&A	S&M
Q1 23	$19M	—
Q2 23	$24M	—
Q3 23	$26M	—
Q4 23	$17M	—
Q1 24	$17M	—
Q2 24	$16M	—
Q3 24	$15M	—
Q4 24	$16M	—
Q1 25	$16M	$3M
Q2 25	$15M	—
Q3 25	$15M	—
Q4 25	$13M	—

Revenue Segments

Quarter	Real Estate Investing
Q1 25	$132M
Q2 25	$125M
Q3 25	$121M
Q4 25	$117M

War Chest

Quarter	Cash	Short-term Investments	Total
Q1 23	$121M	$0	$121M
Q2 23	$101M	$0	$101M
Q3 23	$133M	$0	$133M
Q4 23	$162M	$0	$162M
Q1 24	$132M	$0	$132M
Q2 24	$122M	$0	$122M
Q3 24	$127M	$0	$127M
Q4 24	$160M	$0	$160M
Q1 25	$147M	$0	$147M
Q2 25	$145M	$0	$145M
Q3 25	$165M	$0	$165M
Q4 25	$180M	$0	$180M

Shares Outstanding

Shares Outstanding

Quarter	Shares (Diluted)	QoQ Change
Q1 23	104M	+0.0%
Q2 23	104M	+0.4%
Q3 23	131M	+25.6%
Q4 23	230M	+76.1%
Q1 24	230M	-0.0%
Q2 24	230M	+0.0%
Q3 24	230M	+0.0%
Q4 24	230M	-0.0%
Q1 25	230M	-0.1%
Q2 25	223M	-3.2%
Q3 25	221M	-0.9%
Q4 25	219M	-0.8%

Revenue Per Employee

Revenue / Employee

Year	Revenue/Employee	Employees
FY 14	$934K	100
FY 15	$2M	100
FY 16	$214M	1
FY 17	$259M	1
FY 18	$282M	1
FY 19	$306M	1
FY 20	$330M	1
FY 21	$391M	1
FY 22	$379M	1
FY 23	$7M	77
FY 24	$11M	73
FY 25	$9M	56