CTO Realty Growth, Inc. (CTO) Income Statement
CTO 2025 at a glance
Fiscal year ended December 31, 2025 · U.S. dollarsCTO revenue and net income
Where CTO's revenue goes
2025Each bar shows an amount and its share of revenue. CTO kept 6.7% of revenue as net income.
CTO profit margins
CTO growth rates
to 2025| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Revenue | +20.1% | +22.0% | +21.5% | +13.3% |
| Gross profit | −109.2% | — | — | — |
| Operating income | +87.8% | +23.2% | +21.9% | +5.0% |
| Net income | — | +47.3% | −33.7% | +1.9% |
| EPS (diluted) | — | — | −32.6% | −5.0% |
1-year change and average annual growth (CAGR) over 3, 5 and 10 fiscal years. "—" when a starting value was zero or negative.
CTO quarterly EPS vs estimates
CTO Realty Growth beat the analyst EPS estimate in 7 of the last 8 quarters. Next report: October 27, 2026 (estimate $0.52).
CTO income statement
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $149.5M | $124.5M | $109.1M | $82.3M | $70.3M | $56.4M | $44.9M | $86.7M | $91.4M | $71.1M |
| Cost of revenue | $158.0M | $33.2M | $30.2M | $22.9M | $22.4M | $15.2M | $7.1M | $19.7M | $30.5M | $25.8M |
| Gross profit | −$8.4M | $91.3M | $78.9M | $59.5M | $47.8M | $41.2M | $37.8M | $67.0M | $61.0M | $45.2M |
| Research & development | — | — | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Sales, general & admin | $18.5M | $16.3M | $14.2M | $12.9M | $11.0M | $10.1M | $9.4M | $9.8M | $10.3M | $10.3M |
| Total operating expenses | −$41.5M | $73.7M | $52.4M | $41.8M | $24.5M | $28.9M | $3.6M | $25.5M | $22.9M | $18.5M |
| Operating income | $33.1M | $17.6M | $26.5M | $17.7M | $23.3M | $12.3M | $34.2M | $63.5M | $40.3M | $37.3M |
| Interest income | $23.5M | $19.9M | $20.4M | $10.3M | $3.5M | $17.3M | $12.1M | $10.4M | $2.1M | $2.6M |
| Interest expense | $26.9M | $22.5M | $22.4M | $11.1M | $8.9M | $10.8M | $12.5M | $10.4M | $8.5M | $8.8M |
| Income before taxes | $10.5M | −$2.3M | $6.1M | $328,000 | $26.9M | −$5.0M | $22.1M | $53.1M | $31.8M | $28.0M |
| Income taxes | $446,000 | −$339,000 | $604,000 | −$2.8M | −$3.1M | −$83.5M | $5.5M | $14.2M | $9.9M | $11.8M |
| Net income | $10.1M | −$2.0M | $5.5M | $3.2M | $29.9M | $78.5M | $115.0M | $37.2M | $41.7M | $16.3M |
| EBITDA | $97.5M | $75.0M | $71.7M | $46.6M | $55.8M | $24.5M | $28.5M | $47.1M | $19.9M | $44.8M |
| EPS (diluted) | $0.85 | −$0.40 | $0.09 | −$0.34 | $0.94 | $6.10 | $7.89 | $2.11 | $1.34 | $2.20 |
| Gross margin | −5.6% | 73.3% | 72.3% | 72.2% | 68.1% | 73.0% | 84.2% | 77.3% | 66.7% | 63.6% |
| Operating margin | 22.1% | 14.1% | 24.3% | 21.5% | 33.2% | 21.8% | 76.1% | 73.2% | 44.1% | 52.5% |
| Net margin | 6.7% | −1.6% | 5.1% | 3.8% | 42.6% | 139.2% | 255.8% | 42.9% | 45.6% | 22.9% |
| 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 | $43.8M | $41.2M | $38.3M | $37.8M | $37.6M | $35.8M | $35.7M | $31.8M | $28.8M | $28.1M | $29.9M | $28.5M |
| Cost of revenue | $11.1M | $10.2M | $129.6M | $9.3M | $10.2M | $8.9M | $9.2M | $8.2M | $8.3M | $7.6M | $7.9M | $7.2M |
| Gross profit | $32.7M | $31.0M | −$91.3M | $28.5M | $27.5M | $26.9M | $26.6M | $23.6M | $20.5M | $20.6M | $22.0M | $21.3M |
| Sales, general & admin | $4.6M | $5.1M | $4.6M | $4.8M | $4.4M | $4.7M | $4.5M | $4.1M | $3.5M | $4.2M | $3.8M | $3.4M |
| Total operating expenses | $19.5M | $21.0M | −$120.4M | $19.7M | $19.7M | $19.0M | $33.9M | $18.7M | $15.1M | $6.0M | $11.8M | $13.6M |
| Operating income | $13.3M | $10.0M | $29.1M | $8.8M | $7.7M | $7.9M | −$7.3M | $5.0M | $5.4M | $14.5M | $10.2M | $7.7M |
| Interest income | — | — | $316,000 | $7.1M | $10.5M | $5.6M | $8.4M | $1.4M | — | — | — | $5.1M |
| Interest expense | $7.8M | $7.3M | $7.1M | $6.8M | $6.9M | $6.1M | $5.8M | $5.6M | $5.6M | $5.5M | $6.2M | $6.3M |
| Income before taxes | $16.2M | $6.3M | $28.5M | $3.0M | −$23.2M | $2.3M | −$15.7M | $6.4M | $1.3M | $5.7M | $7.3M | $2.6M |
| Income taxes | $1.1M | $60,000 | $143,000 | −$58,000 | $194,000 | $51,000 | −$437,000 | $132,000 | $73,000 | −$107,000 | $229,000 | −$135,000 |
| Net income | $15.1M | $6.2M | $28.3M | $3.0M | −$23.4M | $2.3M | −$15.2M | $6.2M | $1.2M | $5.8M | $7.0M | $2.7M |
| EBITDA | $18.3M | $29.2M | $51.0M | $24.7M | −$1.4M | $22.5M | $19.2M | $25.0M | $18.2M | $21.9M | $18.2M | $20.3M |
| EPS (diluted) | $0.55 | $0.13 | $0.82 | $0.03 | −$0.01 | $0.01 | −$0.47 | $0.17 | −$0.07 | −$0.03 | $0.25 | −$0.06 |
| Gross margin | 74.6% | 75.3% | −238.1% | 75.4% | 73.0% | 75.2% | 74.4% | 74.4% | 71.1% | 73.1% | 73.5% | 74.7% |
| Operating margin | 30.2% | 24.2% | 75.9% | 23.2% | 20.5% | 22.0% | −20.4% | 15.6% | 18.8% | 51.6% | 34.1% | 27.0% |
| Net margin | 34.5% | 15.1% | 73.9% | 8.0% | −62.2% | 6.3% | −42.6% | 19.6% | 4.1% | 20.8% | 23.5% | 9.4% |
Quarterly columns are labeled by the month the quarter ended. Figures in U.S. dollars as reported in CTO's financial statements (latest annual report filed February 19, 2026); data from EODHD. Sales, general & administrative expenses include sales and marketing.
CTO financial results
In fiscal year 2025 (ended December 31, 2025), CTO Realty Growth reported revenue of $149.5 million, up 20.1% from the year before. It had net income of $10.1 million, a net profit margin of 6.7%. Diluted earnings per share came to $0.85. Over five years revenue grew at an average rate of 21.5% a year.
See the CTO stock overview for the latest quote and news, or the CTO chart for price history and technical indicators.
CTO income statement FAQ
What is CTO Realty Growth's annual revenue?
CTO Realty Growth reported total revenue of $149.5 million for fiscal year 2025, which ended on December 31, 2025. That was up 20.1% from $124.5 million the previous year.
Is CTO Realty Growth profitable?
Yes. CTO Realty Growth reported net income of $10.1 million in fiscal 2025, a net profit margin of 6.7%; its operating margin was 22.1%.
What is CTO Realty Growth's gross margin?
CTO Realty Growth's gross margin was −5.6% in fiscal 2025: for every $100 of revenue, CTO Realty Growth kept $-6 after the direct cost of its products and services.
How fast is CTO Realty Growth growing?
Revenue grew 21.5% a year on average over the last five fiscal years, from $56.4 million to $149.5 million.
What are CTO Realty Growth's earnings per share?
CTO Realty Growth earned $0.85 per diluted share in fiscal 2025, compared with $-0.40 a year earlier.
When will CTO Realty Growth report its next earnings?
CTO Realty Growth is expected to report results for the quarter ending September 30, 2026 on October 27, 2026 after the market closes.
When does CTO Realty Growth's fiscal year end?
CTO Realty Growth's fiscal year ends in December. The latest annual report covers the year ended December 31, 2025 and was filed on February 19, 2026.