Clipper Realty Inc. (CLPR) Income Statement
CLPR 2025 at a glance
Fiscal year ended December 31, 2025 · U.S. dollarsCLPR revenue and net income
Where CLPR's revenue goes
2025Each bar shows an amount and its share of revenue. CLPR kept −13.0% of revenue as net income.
CLPR profit margins
CLPR growth rates
to 2025| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Revenue | +3.0% | +5.7% | +4.5% | +6.1% |
| Gross profit | +44.7% | +21.9% | +13.7% | +10.2% |
| Operating income | −89.7% | −46.7% | −33.5% | −17.5% |
| Net income | — | — | — | — |
| EPS (diluted) | — | — | — | — |
1-year change and average annual growth (CAGR) over 3, 5 and 10 fiscal years. "—" when a starting value was zero or negative.
CLPR quarterly EPS vs estimates
Clipper Realty beat the analyst EPS estimate in 2 of the last 7 quarters. Next report: November 4, 2026 (estimate $0.04).
CLPR income statement
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $153.2M | $148.8M | $138.2M | $129.7M | $122.7M | $122.8M | $116.2M | $110.0M | $104.0M | $93.0M |
| Cost of revenue | $30.4M | $63.9M | $62.6M | $61.9M | $59.4M | $58.2M | $53.9M | $49.6M | $47.7M | $43.2M |
| Gross profit | $122.8M | $84.8M | $75.6M | $67.9M | $63.3M | $64.7M | $62.3M | $60.4M | $56.2M | $49.8M |
| Research & development | — | — | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Sales, general & admin | $15.5M | $14.2M | $13.2M | $12.8M | $10.6M | $9.7M | $9.2M | $9.9M | $9.9M | $8.4M |
| Total operating expenses | $118.6M | $44.3M | $42.5M | $40.2M | $39.1M | $32.5M | $28.8M | $27.9M | $26.7M | $23.7M |
| Operating income | $4.2M | $40.5M | $33.2M | $27.6M | $24.2M | $32.1M | $33.5M | $32.5M | $29.5M | $25.8M |
| Interest income | — | — | — | — | — | — | $35.2M | $32.8M | $35.5M | $38.1M |
| Interest expense | $53.0M | $47.1M | $44.9M | $40.2M | $41.3M | $40.2M | $35.2M | $32.8M | $35.5M | $38.1M |
| Income before taxes | −$19.9M | −$6.6M | −$15.6M | −$12.6M | −$20.0M | −$12.2M | −$4.1M | −$9.0M | −$6.0M | −$12.3M |
| Income taxes | — | $4.1M | −$8.4M | −$7.1M | $29.2M | $33.8M | $34.6M | −$8.7M | $34.8M | $29.8M |
| Net income | −$19.9M | −$2.5M | −$5.9M | −$4.8M | −$7.6M | −$4.9M | −$1.7M | −$3.6M | −$2.4M | −$3.7M |
| EBITDA | $64.4M | $70.3M | $58.2M | $54.4M | $46.8M | $54.5M | $51.3M | $38.6M | $43.3M | $41.1M |
| EPS (diluted) | −$0.77 | −$0.25 | −$0.15 | −$0.17 | −$0.31 | −$0.20 | −$0.04 | $0.16 | −$0.15 | −$0.09 |
| Gross margin | 80.2% | 57.0% | 54.7% | 52.3% | 51.6% | 52.6% | 53.6% | 54.9% | 54.1% | 53.6% |
| Operating margin | 2.7% | 27.2% | 24.0% | 21.3% | 19.7% | 26.2% | 28.8% | 29.5% | 28.4% | 27.7% |
| Net margin | −13.0% | −1.7% | −4.3% | −3.7% | −6.2% | −4.0% | −1.4% | −3.3% | −2.3% | −4.0% |
| 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 | $38.6M | $38.1M | $37.1M | $37.7M | $39.0M | $39.4M | $38.0M | $37.6M | $37.3M | $35.8M | $34.9M | $35.1M |
| Cost of revenue | $16.7M | $34.1M | $16.5M | $17.1M | $17.1M | $17.7M | $15.7M | $16.0M | $16.4M | $15.8M | $22.7M | $15.3M |
| Gross profit | $21.9M | $4.0M | $20.6M | $20.6M | $22.0M | $21.7M | $22.3M | $21.6M | $20.9M | $20.0M | $12.2M | $19.8M |
| Sales, general & admin | $4.3M | $4.1M | $4.2M | $3.7M | $3.8M | $3.8M | $3.8M | $3.4M | $3.5M | $3.6M | $3.1M | $3.3M |
| Total operating expenses | $12.3M | −$4.0M | $12.6M | $11.7M | $11.1M | $45.2M | $11.6M | $10.8M | $10.9M | $10.9M | $3.1M | $10.6M |
| Operating income | $9.6M | $8.0M | $8.1M | $8.9M | $10.8M | −$23.6M | $10.7M | $10.8M | $10.0M | $9.1M | $9.0M | $9.2M |
| Interest expense | $15.7M | $15.5M | $16.7M | $13.3M | $11.5M | $11.5M | $11.8M | $11.8M | $11.7M | $11.7M | $11.9M | $11.5M |
| Income before taxes | −$6.3M | −$11.1M | −$11.3M | −$4.6M | −$1.4M | −$35.1M | −$1.1M | −$1.1M | −$1.7M | −$2.7M | −$4.6M | −$2.3M |
| Income taxes | — | — | — | — | — | — | $668,000 | — | −$714,000 | −$1.3M | −$1.8M | $7.3M |
| Net income | −$2.4M | −$4.2M | −$4.3M | −$1.8M | −$516,000 | −$13.3M | −$418,000 | −$412,000 | −$660,000 | −$1.0M | −$1.1M | −$881,000 |
| EBITDA | $17.2M | $12.5M | $13.8M | $16.7M | $17.4M | −$16.0M | $18.3M | $18.2M | $17.4M | $16.4M | $14.9M | $16.5M |
| EPS (diluted) | $0.09 | −$0.30 | $0.04 | −$0.14 | $0.20 | −$0.86 | −$0.05 | −$0.05 | −$0.06 | −$0.09 | −$0.09 | −$0.07 |
| Gross margin | 56.7% | 10.5% | 55.6% | 54.6% | 56.2% | 55.0% | 58.7% | 57.4% | 56.0% | 55.9% | 34.9% | 56.4% |
| Operating margin | 24.9% | 21.0% | 21.7% | 23.6% | 27.7% | −59.9% | 28.1% | 28.6% | 26.8% | 25.4% | 25.9% | 26.2% |
| Net margin | −6.2% | −11.1% | −11.6% | −4.6% | −1.3% | −33.9% | −1.1% | −1.1% | −1.8% | −2.8% | −3.1% | −2.5% |
Quarterly columns are labeled by the month the quarter ended. Figures in U.S. dollars as reported in CLPR's financial statements (latest annual report filed February 26, 2026); data from EODHD. Sales, general & administrative expenses include sales and marketing.
CLPR financial results
In fiscal year 2025 (ended December 31, 2025), Clipper Realty reported revenue of $153.2 million, up 3.0% from the year before. It had a net loss of $19.9 million, a net profit margin of −13.0%. Diluted earnings per share came to −$0.77. Over five years revenue grew at an average rate of 4.5% a year.
See the CLPR stock overview for the latest quote and news, or the CLPR chart for price history and technical indicators.
CLPR income statement FAQ
What is Clipper Realty's annual revenue?
Clipper Realty reported total revenue of $153.2 million for fiscal year 2025, which ended on December 31, 2025. That was up 3.0% from $148.8 million the previous year.
Is Clipper Realty profitable?
No. Clipper Realty reported a net loss of $19.9 million in fiscal 2025, a net profit margin of −13.0%; its operating margin was 2.7%.
What is Clipper Realty's gross margin?
Clipper Realty's gross margin was 80.2% in fiscal 2025: for every $100 of revenue, Clipper Realty kept $80 after the direct cost of its products and services.
How fast is Clipper Realty growing?
Revenue grew 4.5% a year on average over the last five fiscal years, from $122.8 million to $153.2 million.
What are Clipper Realty's earnings per share?
Clipper Realty earned $-0.77 per diluted share in fiscal 2025, compared with $-0.25 a year earlier.
When will Clipper Realty report its next earnings?
Clipper Realty is expected to report results for the quarter ending September 30, 2026 on November 4, 2026 after the market closes.
When does Clipper Realty's fiscal year end?
Clipper Realty's fiscal year ends in December. The latest annual report covers the year ended December 31, 2025 and was filed on February 26, 2026.