LINE (Lineage, Inc.) Stock Financials & Earnings | Market Cap Arena

LINE (Lineage, Inc.) Stock Financials & Earnings | Market Cap Arena

LINELineage, Inc.

Mkt Cap$9B

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

Revenue (TTM)$5.4B

Net Income (TTM)-$100M

EPS (TTM)-$0.43

Free Cash Flow (TTM)$196M

Gross Margin15.4%

Op. Margin4.7%

Net Margin-1.9%

FCF Margin3.7%

P/S Ratio (TTM)1.7x

P/E Ratio (TTM)—

YoY Rev Growth+0.3%

Employees—

Earnings Reports

Revenue & Profitability

Quarter	Revenue	Gross Profit	Op. Income
Q1 23	$1.3B	$443M	$132M
Q2 23	$1.3B	$441M	$111M
Q3 23	$1.3B	$430M	$97M
Q4 23	$1.3B	$434M	-$621M
Q1 24	$1.3B	$444M	$101M
Q2 24	$1.3B	$447M	$74M
Q3 24	$1.3B	$438M	-$515M
Q4 24	$1.3B	$433M	$701M
Q1 25	$1.3B	$416M	$56M
Q2 25	$1.4B	$430M	$23M
Q3 25	$1.4B	$445M	$35M
Q4 25	$1.3B	-$465M	$138M

Valuation

Quarter	P/S	P/E
Q1 23	—	—
Q2 23	—	—
Q3 23	—	—
Q4 23	1.7x	—
Q1 24	1.7x	—
Q2 24	1.7x	—
Q3 24	1.7x	—
Q4 24	1.7x	—
Q1 25	1.7x	—
Q2 25	1.7x	—
Q3 25	1.7x	—
Q4 25	1.7x	—

Operating Cash Flow

Quarter	Operating CF	Free CF
Q1 23	$108M	-$121M
Q2 23	$229M	$29M
Q3 23	$229M	$52M
Q4 23	$230M	$69M
Q1 24	$105M	-$42M
Q2 24	$155M	-$31M
Q3 24	$186M	$33M
Q4 24	$257M	$52M
Q1 25	$139M	-$12M
Q2 25	$258M	$95M
Q3 25	$230M	$35M
Q4 25	$316M	$78M

Capital Expenditures

CapEx

Quarter	CapEx
Q1 23	$229M
Q2 23	$199M
Q3 23	$177M
Q4 23	$161M
Q1 24	$147M
Q2 24	$186M
Q3 24	$153M
Q4 24	$205M
Q1 25	$151M
Q2 25	$163M
Q3 25	$195M
Q4 25	$238M

OpEx vs Revenue Growth (YoY)

Quarter	Revenue Growth	OpEx Growth
Q1 24	-0.4%	+2.1%
Q2 24	-0.6%	+2.3%
Q3 24	+0.5%	+50.2%
Q4 24	+0.4%	-67.4%
Q1 25	-2.7%	+0.7%
Q2 25	+0.9%	+5.0%
Q3 25	+3.1%	-27.5%
Q4 25	-0.2%	+87.8%

Stock-Based Compensation

Quarter	SBC ($)	% of Revenue
Q1 23	$4M	0.3%
Q2 23	$7M	0.5%
Q3 23	$8M	0.6%
Q4 23	$6M	0.5%
Q1 24	$5M	0.4%
Q2 24	$6M	0.4%
Q3 24	$160M	12.0%
Q4 24	$44M	3.3%
Q1 25	$40M	3.1%
Q2 25	$29M	2.1%
Q3 25	$38M	2.8%
Q4 25	$19M	1.4%

OpEx Breakdown

Quarter	G&A
Q1 23	$115M
Q2 23	$124M
Q3 23	$122M
Q4 23	$232M
Q1 24	$124M
Q2 24	$127M
Q3 24	$143M
Q4 24	$145M
Q1 25	$154M
Q2 25	$143M
Q3 25	$145M
Q4 25	$132M

War Chest

Quarter	Cash	Short-term Investments	Total
Q4 23	$68M	$0	$68M
Q1 24	$91M	$0	$91M
Q2 24	$73M	$0	$73M
Q3 24	$409M	$0	$409M
Q4 24	$173M	$0	$173M
Q1 25	$195M	$0	$195M
Q2 25	$81M	$0	$81M
Q3 25	$75M	$0	$75M
Q4 25	$66M	$0	$66M

Shares Outstanding

Shares Outstanding

Quarter	Shares (Diluted)	QoQ Change
Q1 23	211M	—
Q2 23	221M	+4.7%
Q3 23	221M	+0.0%
Q4 23	211M	-4.6%
Q1 24	211M	+0.1%
Q2 24	162M	-23.1%
Q3 24	210M	+29.6%
Q4 24	228M	+8.6%
Q1 25	228M	+0.0%
Q2 25	229M	+0.4%
Q3 25	228M	-0.4%
Q4 25	228M	+0.0%

Revenue Per Employee

Revenue / Employee

Year	Revenue/Employee	Employees
FY 21	—	—
FY 22	—	—
FY 23	—	—
FY 24	$205K	26K
FY 25	$223K	24K