Franklin Street Properties Corp. (FSP) Income Statement
FSP 2025 at a glance
Fiscal year ended December 31, 2025 · U.S. dollarsFSP revenue and net income
Where FSP's revenue goes
2025Each bar shows an amount and its share of revenue. FSP kept −42.0% of revenue as net income.
FSP profit margins
FSP growth rates
to 2025| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Revenue | −10.8% | −13.5% | −15.3% | −7.9% |
| Gross profit | −10.4% | −15.7% | −18.5% | −10.6% |
| Operating income | — | — | — | — |
| 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.
FSP quarterly EPS vs estimates
Franklin Street Properties beat the analyst EPS estimate in 4 of the last 7 quarters. Next report: October 27, 2026 (estimate $-0.08).
FSP income statement
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $107.2M | $120.1M | $145.7M | $165.6M | $209.4M | $245.8M | $269.1M | $268.9M | $272.6M | $249.9M |
| Cost of revenue | $60.3M | $67.8M | $77.9M | $87.4M | $101.9M | $115.3M | $120.2M | $116.6M | $117.1M | $105.5M |
| Gross profit | $46.9M | $52.4M | $67.8M | $78.2M | $107.4M | $130.5M | $148.9M | $152.3M | $155.5M | $144.4M |
| Research & development | — | — | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Sales, general & admin | $12.4M | $13.9M | $14.0M | $13.9M | $15.9M | $15.0M | $14.5M | $13.1M | $13.5M | $14.1M |
| Total operating expenses | $55.0M | $58.7M | $68.8M | $77.7M | $94.4M | $130.5M | $14.5M | $152.3M | $155.5M | $144.4M |
| Operating income | −$8.1M | −$6.3M | −$984,000 | $482,000 | $13.0M | −$9.1M | $134.4M | $45.0M | $40.8M | $37.2M |
| Interest income | $986,000 | $2.1M | $567,000 | $0 | $421,000 | — | $0 | $6.8M | $3.6M | $831,000 |
| Interest expense | $24.7M | $26.4M | $24.3M | $22.8M | $32.3M | $36.0M | $36.8M | $38.4M | $32.4M | $26.5M |
| Income before taxes | −$44.8M | −$52.5M | −$47.8M | $1.3M | $93.4M | $32.9M | $6.7M | $13.4M | −$15.5M | $8.8M |
| Income taxes | $189,000 | $216,000 | $279,000 | $204,000 | $638,000 | $250,000 | $269,000 | $360,000 | $400,000 | $418,000 |
| Net income | −$45.0M | −$52.7M | −$48.1M | $1.1M | $92.7M | $32.6M | $6.5M | $13.1M | −$15.9M | $8.4M |
| EBITDA | $25.3M | $21.7M | $33.7M | $89.7M | $206.2M | $160.2M | $136.9M | $141.6M | $124.2M | $130.6M |
| EPS (diluted) | −$0.44 | −$0.50 | −$0.46 | −$0.22 | −$0.18 | −$0.09 | $0.06 | $0.12 | $0.02 | $0.09 |
| Gross margin | 43.8% | 43.6% | 46.5% | 47.2% | 51.3% | 53.1% | 55.3% | 56.6% | 57.1% | 57.8% |
| Operating margin | −7.6% | −5.2% | −0.7% | 0.3% | 6.2% | −3.7% | 50.0% | 16.7% | 15.0% | 14.9% |
| Net margin | −42.0% | −43.9% | −33.0% | 0.7% | 44.3% | 13.3% | 2.4% | 4.9% | −5.8% | 3.4% |
| 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 | $26.4M | $26.2M | $26.0M | $27.3M | $26.7M | $27.1M | $28.4M | $29.7M | $30.8M | $31.2M | $34.8M | $36.9M |
| Cost of revenue | $14.6M | $14.5M | $14.0M | $5.3M | $14.9M | $15.5M | $17.0M | $17.1M | $16.8M | $17.0M | $19.0M | $19.9M |
| Gross profit | $11.8M | $11.7M | $12.1M | $22.0M | $11.8M | $11.6M | $11.4M | $12.6M | $14.1M | $14.3M | $15.7M | $17.0M |
| Sales, general & admin | $2.4M | $2.7M | $2.6M | $3.0M | $3.3M | $3.5M | $2.8M | $3.3M | $3.6M | $4.2M | $3.2M | $3.3M |
| Total operating expenses | $20.8M | $20.1M | $13.2M | $5.4M | $13.9M | $14.3M | $13.6M | $14.2M | $15.1M | $15.8M | $15.1M | $17.0M |
| Operating income | −$9.0M | −$8.4M | −$1.2M | $16.6M | −$2.1M | −$2.7M | −$2.2M | −$1.6M | −$1.0M | −$1.5M | $593,000 | $1.4M |
| Interest income | $157,000 | $163,000 | $230,000 | $249,000 | $248,000 | $259,000 | $394,000 | $340,000 | $348,000 | $1.0M | — | $0 |
| Interest expense | $8.0M | $6.8M | $6.3M | $6.3M | $6.3M | $5.7M | $5.9M | $6.6M | $7.1M | $6.8M | $6.2M | $6.2M |
| Income before taxes | −$16.6M | −$9.5M | −$7.3M | −$8.3M | −$7.8M | −$21.4M | −$8.5M | −$15.6M | −$21.0M | −$7.5M | $3.6M | −$45.6M |
| Income taxes | $50,000 | $54,000 | $52,000 | $3,000 | $82,000 | $52,000 | $54,000 | $56,000 | $48,000 | $58,000 | $67,000 | $70,000 |
| Net income | −$16.6M | −$9.5M | −$7.3M | −$8.3M | −$7.9M | −$21.4M | −$8.5M | −$15.6M | −$21.0M | −$7.6M | $3.6M | −$45.7M |
| EBITDA | $3.1M | $8.9M | $10.4M | $2.9M | $9.9M | −$4.2M | $8.9M | $2.7M | −$1.6M | $11.7M | $22.4M | −$25.3M |
| EPS (diluted) | $0.02 | −$0.09 | −$0.07 | −$0.08 | −$0.08 | −$0.21 | −$0.08 | −$0.15 | −$0.20 | −$0.07 | $0.03 | −$0.44 |
| Gross margin | 44.8% | 44.6% | 46.4% | 80.7% | 44.3% | 43.0% | 40.2% | 42.4% | 45.7% | 45.7% | 45.2% | 46.0% |
| Operating margin | −34.2% | −31.9% | −4.5% | 60.9% | −7.8% | −9.8% | −7.6% | −5.4% | −3.4% | −4.8% | 1.7% | 3.7% |
| Net margin | −63.0% | −36.3% | −28.1% | −30.5% | −29.5% | −79.1% | −30.0% | −52.6% | −68.2% | −24.2% | 10.3% | −123.8% |
Quarterly columns are labeled by the month the quarter ended. Figures in U.S. dollars as reported in FSP's financial statements (latest annual report filed March 9, 2026); data from EODHD. Sales, general & administrative expenses include sales and marketing.
FSP financial results
In fiscal year 2025 (ended December 31, 2025), Franklin Street Properties reported revenue of $107.2 million, down 10.8% from the year before. It had a net loss of $45.0 million, a net profit margin of −42.0%. Diluted earnings per share came to −$0.44. Over five years revenue grew at an average rate of −15.3% a year.
See the FSP stock overview for the latest quote and news, or the FSP chart for price history and technical indicators.
FSP income statement FAQ
What is Franklin Street Properties's annual revenue?
Franklin Street Properties reported total revenue of $107.2 million for fiscal year 2025, which ended on December 31, 2025. That was down 10.8% from $120.1 million the previous year.
Is Franklin Street Properties profitable?
No. Franklin Street Properties reported a net loss of $45.0 million in fiscal 2025, a net profit margin of −42.0%; its operating margin was −7.6%.
What is Franklin Street Properties's gross margin?
Franklin Street Properties's gross margin was 43.8% in fiscal 2025: for every $100 of revenue, Franklin Street Properties kept $44 after the direct cost of its products and services.
How fast is Franklin Street Properties growing?
Revenue grew −15.3% a year on average over the last five fiscal years, from $245.8 million to $107.2 million.
What are Franklin Street Properties's earnings per share?
Franklin Street Properties earned $-0.44 per diluted share in fiscal 2025, compared with $-0.50 a year earlier.
When will Franklin Street Properties report its next earnings?
Franklin Street Properties is expected to report results for the quarter ending September 30, 2026 on October 27, 2026 after the market closes.
When does Franklin Street Properties's fiscal year end?
Franklin Street Properties's fiscal year ends in December. The latest annual report covers the year ended December 31, 2025 and was filed on March 9, 2026.