American Realty Investors, Inc. (ARL) Income Statement
ARL 2025 at a glance
Fiscal year ended December 31, 2025 · U.S. dollarsARL revenue and net income
Where ARL's revenue goes
2025Each bar shows an amount and its share of revenue. ARL kept 31.4% of revenue as net income.
ARL profit margins
ARL growth rates
to 2025| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Revenue | +5.7% | +10.0% | −3.3% | −7.1% |
| Gross profit | −161.9% | — | — | — |
| Operating income | — | — | — | — |
| Net income | — | −65.2% | +11.7% | — |
| EPS (diluted) | — | −68.8% | −14.3% | — |
1-year change and average annual growth (CAGR) over 3, 5 and 10 fiscal years. "—" when a starting value was zero or negative.
ARL quarterly EPS vs estimates
American Realty Investors beat the analyst EPS estimate in 0 of the last 1 quarters. Next report: November 5, 2026.
ARL income statement
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $50.0M | $47.3M | $50.5M | $37.5M | $42.0M | $59.0M | $59.0M | $121.0M | $126.2M | $119.7M |
| Cost of revenue | $62.6M | $27.1M | $27.9M | $18.3M | $20.9M | $24.4M | $25.7M | $59.6M | $64.1M | $63.0M |
| Gross profit | −$12.5M | $20.3M | $22.6M | $19.2M | $21.2M | $34.7M | $33.3M | $61.4M | $62.1M | $56.7M |
| Research & development | — | — | $0 | $15 | $0 | $0 | $0 | $1 | $0 | $0 |
| Sales, general & admin | $6.5M | $14.6M | $20.2M | $18.8M | $29.9M | $20.0M | $19.9M | $24.8M | $18.8M | $18.0M |
| Total operating expenses | −$6.1M | $26.9M | $33.8M | $28.5M | $41.8M | $34.8M | $33.7M | $47.5M | $44.7M | $42.1M |
| Operating income | −$6.4M | −$6.6M | −$11.2M | −$9.3M | −$20.6M | −$112,000 | −$390,000 | $13.9M | $17.4M | $14.6M |
| Interest income | $14.6M | $20.0M | $26.8M | $498.4M | $23.4M | $23.1M | $26.0M | $123.6M | $18.9M | $20.5M |
| Interest expense | $6.8M | $7.8M | $9.5M | $17.5M | $23.4M | $35.0M | $39.9M | $66.1M | $66.2M | $59.4M |
| Income before taxes | $21.2M | −$17.0M | $6.7M | $573.4M | $5.4M | $11.1M | −$21.7M | $183.9M | −$8.7M | −$2.4M |
| Income taxes | $2.7M | −$3.6M | $1.5M | $98.1M | −$1.1M | −$147,000 | $42.8M | $1.2M | $180,000 | $46,000 |
| Net income | $15.7M | −$14.7M | $4.0M | $373.3M | $3.3M | $9.0M | −$16.0M | $173.7M | −$8.4M | −$2.7M |
| EBITDA | $40.7M | $3.3M | $30.8M | $604.1M | $43.8M | $64.7M | $33.7M | $280.6M | $83.2M | $80.8M |
| EPS (diluted) | $0.70 | −$1.25 | $0.23 | $23.12 | −$0.89 | $1.51 | $8.79 | −$1.41 | −$0.97 | −$0.40 |
| Gross margin | −25.1% | 42.8% | 44.8% | 51.2% | 50.4% | 58.7% | 56.4% | 50.7% | 49.2% | 47.4% |
| Operating margin | −12.9% | −14.0% | −22.3% | −24.7% | −49.0% | −0.2% | −0.7% | 11.5% | 13.8% | 12.2% |
| Net margin | 31.4% | −31.1% | 7.9% | 994.4% | 8.0% | 15.3% | −27.1% | 143.6% | −6.7% | −2.3% |
| Jun '26 | Mar '26 | Dec '25 | Sep '25 | Jun '25 | Mar '25 | Dec '24 | Sep '24 | Jun '24 | Mar '24 | Dec '23 | Sep '23 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $12.9M | $12.3M | $13.0M | $12.8M | $12.2M | $12.0M | $12.0M | $11.6M | $11.8M | $11.9M | $14.0M | $12.5M |
| Cost of revenue | $17.6M | $3.6M | $42.5M | $7.5M | $6.5M | $6.0M | $6.8M | $7.0M | $6.6M | $6.6M | $7.3M | $7.4M |
| Gross profit | −$4.7M | $8.7M | −$29.5M | $5.3M | $5.6M | $6.0M | $5.2M | $4.6M | $5.1M | $5.3M | $6.7M | $5.1M |
| Sales, general & admin | $1.5M | $3.6M | $5.0M | $3.9M | $3.6M | $4.0M | $4.2M | $5.5M | $3.3M | $3.6M | $4.9M | $3.9M |
| Total operating expenses | −$2.2M | $10.9M | −$26.5M | $6.9M | $6.6M | $6.8M | $7.0M | $6.7M | $6.4M | $6.8M | $8.9M | $7.2M |
| Operating income | −$2.5M | −$2.2M | −$3.0M | −$1.6M | −$1.0M | −$813,000 | −$1.8M | −$2.1M | −$1.3M | −$1.5M | −$2.2M | −$2.1M |
| Interest income | $2.8M | $3.8M | $1.8M | $4.1M | $3.4M | $4.0M | $3.9M | $5.5M | $4.8M | $5.7M | $1.6M | $7.3M |
| Interest expense | $2.8M | $3.0M | $1.5M | $1.7M | $1.8M | $1.8M | $1.9M | $2.1M | $1.9M | $1.9M | $1.9M | $2.0M |
| Income before taxes | −$1.3M | −$950,000 | $12.9M | $1.7M | $1.5M | $5.1M | −$271,000 | −$21.7M | $2.1M | $2.8M | −$4.3M | $5.2M |
| Income taxes | −$71,000 | −$434,000 | $1.5M | $1.4M | −$1.3M | $1.1M | −$55,000 | −$4.6M | $614,000 | $475,000 | −$960,000 | $1.1M |
| Net income | −$1.0M | −$551,000 | $9.8M | $129,000 | $2.8M | $3.0M | −$161,000 | −$17.5M | $1.2M | $1.8M | −$2.1M | $3.0M |
| EBITDA | $5.2M | $5.7M | $18.1M | $6.3M | $6.4M | $9.8M | $4.5M | −$16.2M | $7.2M | $7.9M | $1.7M | $10.4M |
| EPS (diluted) | −$0.06 | −$0.03 | $0.61 | $0.01 | $0.18 | −$0.09 | −$0.01 | −$1.05 | $0.09 | −$0.28 | −$0.28 | $0.25 |
| Gross margin | −36.9% | 70.6% | −226.6% | 41.2% | 46.3% | 50.2% | 43.4% | 39.8% | 43.7% | 44.2% | 47.9% | 40.6% |
| Operating margin | −19.8% | −17.8% | −23.3% | −12.3% | −8.3% | −6.8% | −14.8% | −17.8% | −10.8% | −12.7% | −15.6% | −16.8% |
| Net margin | −7.9% | −4.5% | 75.2% | 1.0% | 23.2% | 24.7% | −1.3% | −150.4% | 9.9% | 14.7% | −15.1% | 23.9% |
Quarterly columns are labeled by the month the quarter ended. Figures in U.S. dollars as reported in ARL's financial statements (latest annual report filed March 12, 2026); data from EODHD. Sales, general & administrative expenses include sales and marketing.
ARL financial results
In fiscal year 2025 (ended December 31, 2025), American Realty Investors reported revenue of $50.0 million, up 5.7% from the year before. It had net income of $15.7 million, a net profit margin of 31.4%. Diluted earnings per share came to $0.70. Over five years revenue grew at an average rate of −3.3% a year.
See the ARL stock overview for the latest quote and news, or the ARL chart for price history and technical indicators.
ARL income statement FAQ
What is American Realty Investors's annual revenue?
American Realty Investors reported total revenue of $50.0 million for fiscal year 2025, which ended on December 31, 2025. That was up 5.7% from $47.3 million the previous year.
Is American Realty Investors profitable?
Yes. American Realty Investors reported net income of $15.7 million in fiscal 2025, a net profit margin of 31.4%; its operating margin was −12.9%.
What is American Realty Investors's gross margin?
American Realty Investors's gross margin was −25.1% in fiscal 2025: for every $100 of revenue, American Realty Investors kept $-25 after the direct cost of its products and services.
How fast is American Realty Investors growing?
Revenue grew −3.3% a year on average over the last five fiscal years, from $59.0 million to $50.0 million.
What are American Realty Investors's earnings per share?
American Realty Investors earned $0.70 per diluted share in fiscal 2025, compared with $-1.25 a year earlier.
When will American Realty Investors report its next earnings?
American Realty Investors is expected to report results for the quarter ending September 30, 2026 on November 5, 2026.
When does American Realty Investors's fiscal year end?
American Realty Investors's fiscal year ends in December. The latest annual report covers the year ended December 31, 2025 and was filed on March 12, 2026.