LAND (Gladstone Land Corporation) Stock Financials & Earnings | Market Cap Arena

LAND (Gladstone Land Corporation) Stock Financials & Earnings | Market Cap Arena

LANDGladstone Land Corporation

Mkt Cap$503M

Real Estate·REIT - Industrial·🇺🇸 United States·NASDAQ

Revenue (TTM)$76M

Net Income (TTM)-$10M

EPS (TTM)-$0.29

Free Cash Flow (TTM)$5M

Gross Margin87.4%

Op. Margin78.6%

Net Margin-13.8%

FCF Margin6.2%

P/S Ratio (TTM)6.6x

P/E Ratio (TTM)—

YoY Rev Growth-10.7%

Employees—

Earnings Reports

Revenue & Profitability

Quarter	Revenue	Gross Profit	Op. Income
Q1 23	$21M	$20M	$7M
Q2 23	$21M	$20M	$8M
Q3 23	$24M	$23M	$9M
Q4 23	$24M	$23M	$9M
Q1 24	$20M	$19M	$7M
Q2 24	$21M	$20M	$8M
Q3 24	$23M	$21M	$9M
Q4 24	$21M	$19M	$7M
Q1 25	$17M	$16M	$4M
Q2 25	$12M	$11M	-$214K
Q3 25	$18M	$16M	$5M
Q4 25	$29M	$23M	$52M

Valuation

Quarter	P/S	P/E
Q1 23	5.6x	95.3x
Q2 23	5.5x	40.2x
Q3 23	5.5x	36.3x
Q4 23	5.6x	34.6x
Q1 24	5.6x	19.1x
Q2 24	5.6x	28.4x
Q3 24	5.7x	34.6x
Q4 24	5.9x	37.9x
Q1 25	6.2x	33.9x
Q2 25	6.9x	64.7x
Q3 25	7.4x	51.1x
Q4 25	6.6x	—

Operating Cash Flow

Quarter	Operating CF	Free CF
Q1 23	$5M	$2M
Q2 23	$18M	$15M
Q3 23	$80K	-$4M
Q4 23	$17M	$15M
Q1 24	$3M	$2M
Q2 24	$16M	$15M
Q3 24	-$1M	-$3M
Q4 24	$12M	$10M
Q1 25	$4M	$3M
Q2 25	$4M	$1M
Q3 25	-$12M	-$13M
Q4 25	$19M	$14M

Capital Expenditures

CapEx

Quarter	CapEx
Q1 23	$3M
Q2 23	$3M
Q3 23	$4M
Q4 23	$3M
Q1 24	$1M
Q2 24	$841K
Q3 24	$2M
Q4 24	$1M
Q1 25	$2M
Q2 25	$3M
Q3 25	$1M
Q4 25	$5M

OpEx vs Revenue Growth (YoY)

Quarter	Revenue Growth	OpEx Growth
Q1 23	+6.3%	+2.9%
Q2 23	+4.5%	+10.1%
Q3 23	-2.8%	+3.1%
Q4 23	-1.4%	+2.7%
Q1 24	-4.5%	-5.6%
Q2 24	+0.4%	+0.4%
Q3 24	-4.1%	-3.8%
Q4 24	-13.7%	-11.6%
Q1 25	-17.0%	+1.0%
Q2 25	-42.3%	-6.9%
Q3 25	-21.2%	-4.5%
Q4 25	+38.6%	-261.6%

Stock-Based Compensation

Quarter	SBC ($)	% of Revenue
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	$0	0.0%
Q1 25	$0	0.0%
Q2 25	$0	0.0%
Q3 25	$0	0.0%
Q4 25	$0	0.0%

OpEx Breakdown

Quarter	G&A
Q1 23	$4M
Q2 23	$3M
Q3 23	$3M
Q4 23	$3M
Q1 24	$3M
Q2 24	$3M
Q3 24	$3M
Q4 24	$3M
Q1 25	$4M
Q2 25	$3M
Q3 25	$3M

Revenue by Geography

Quarter

War Chest

Quarter	Cash	Short-term Investments	Total
Q1 23	$39M	$0	$39M
Q2 23	$48M	$0	$48M
Q3 23	$25M	$0	$25M
Q4 23	$19M	$0	$19M
Q1 24	$52M	$0	$52M
Q2 24	$50M	$0	$50M
Q3 24	$13M	$0	$13M
Q4 24	$18M	$0	$18M
Q1 25	$43M	$0	$43M
Q2 25	$30M	$0	$30M
Q3 25	$11M	$0	$11M
Q4 25	$27M	$0	$27M

Shares Outstanding

Shares Outstanding

Quarter	Shares (Diluted)	QoQ Change
Q1 23	36M	+2.0%
Q2 23	36M	+0.5%
Q3 23	36M	+0.3%
Q4 23	36M	+0.0%
Q1 24	36M	+0.0%
Q2 24	36M	+0.0%
Q3 24	36M	+0.0%
Q4 24	36M	+0.6%
Q1 25	36M	+0.4%
Q2 25	36M	+0.0%
Q3 25	36M	+0.0%
Q4 25	37M	+0.9%

Revenue Per Employee

Revenue / Employee

Year	Revenue/Employee	Employees
FY 14	$118K	61
FY 15	$180K	66
FY 16	$275K	63
FY 17	$386K	65
FY 18	$564K	65
FY 19	$581K	70
FY 20	$851K	67
FY 21	$1M	69
FY 22	$1M	74
FY 23	$1M	69
FY 24	$1M	72
FY 25	$1M	75