MRPMillrose Properties, Inc.

$5B

Q2 2025 Earnings

Real Estate REIT - Residential

Income Statement

Revenue

$149M-33.6% YoY

Gross Profit

$127M85.3% margin

Operating Income

$127M85.1% margin

Net Income

$113M75.7% margin

EPS (Diluted)

$0.68

QoQ Revenue Growth

+80.2%

Cash Flow

Operating Cash Flow

$109M

Free Cash Flow

$109M

Stock-Based Comp.

$181,000

Balance Sheet

Total Assets

$8.0B

Total Liabilities

$2.1B

Stockholders' Equity

$5.9B

Cash & Equivalents

$67M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$149M	$224M	-33.6%
Gross Profit	$127M	$189M	-32.8%
Operating Income	$127M	$246M	-48.4%
Net Income	$113M	$237M	-52.3%

MRP Q2 2025 Earnings — Millrose Properties, Inc. Revenue & Financial Results | Market Cap Arena