FrontView REIT, Inc. (FVR) Income Statement
FVR 2025 at a glance
Fiscal year ended December 31, 2025 · U.S. dollarsFVR revenue and net income
Where FVR's revenue goes
2025Each bar shows an amount and its share of revenue. FVR kept −5.7% of revenue as net income.
FVR profit margins
FVR growth rates
to 2025| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Revenue | +12.0% | +19.0% | +121.7% | — |
| Gross profit | −118.7% | — | — | — |
| Operating income | — | — | +69.9% | — |
| 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.
FVR quarterly EPS vs estimates
FrontView REIT beat the analyst EPS estimate in 4 of the last 8 quarters. Next report: November 5, 2026 (estimate $0.30).
FVR income statement
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|
| Revenue | $67.1M | $59.9M | $48.3M | $39.9M | $33.9M | $1.3M |
| Cost of revenue | $76.0M | $12.6M | $11.6M | $9.1M | $6.8M | $347,212 |
| Gross profit | −$8.8M | $47.3M | $36.7M | $30.8M | $27.1M | $905,700 |
| Sales, general & admin | $12.9M | $4.9M | $8.1M | $1.2M | $1.2M | $105,179 |
| Total operating expenses | −$20.2M | $62.0M | $51.2M | $36.1M | $30.1M | $105,179 |
| Operating income | $11.3M | −$14.7M | −$14.5M | −$5.3M | −$3.0M | $800,521 |
| Interest income | $18.0M | $23.3M | $18.4M | $12.6M | — | — |
| Interest expense | $18.0M | $23.3M | $18.4M | $12.5M | $9.4M | — |
| Income before taxes | −$5.2M | −$30.6M | −$1.2M | −$4.9M | −$2.7M | $799,404 |
| Income taxes | $350,000 | $580,000 | $316,000 | $430,232 | $207,803 | $247,356 |
| Net income | −$3.8M | −$22.2M | −$1.1M | −$4.5M | −$2.8M | $552,048 |
| EBITDA | $45.9M | $23.2M | $30.4M | $30.0M | $25.9M | $800,521 |
| EPS (diluted) | −$0.28 | −$0.20 | −$0.07 | −$0.30 | — | — |
| Gross margin | −13.2% | 79.0% | 76.0% | 77.3% | 79.8% | 72.3% |
| Operating margin | 16.9% | −24.6% | −30.0% | −13.2% | −8.9% | 63.9% |
| Net margin | −5.7% | −37.1% | −2.3% | −11.2% | −8.3% | 44.1% |
| 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 | $18.0M | $18.2M | $16.6M | $16.8M | $17.5M | $16.2M | $15.2M | $14.5M | $14.6M | $15.3M | $14.3M | $11.6M |
| Cost of revenue | $18.1M | $17.7M | $68.7M | $2.2M | $2.7M | $2.4M | $2.2M | $3.5M | $3.2M | $3.5M | $3.4M | $2.7M |
| Gross profit | −$126,000 | $511,000 | −$52.1M | $14.6M | $14.8M | $13.9M | $13.0M | $11.0M | $11.4M | $11.7M | $10.8M | $8.9M |
| Sales, general & admin | $3.8M | $3.7M | $3.7M | $3.1M | $3.3M | $2.8M | $2.8M | $697,000 | $640,000 | $718,000 | $2.0M | $2.9M |
| Total operating expenses | −$4.1M | −$4.0M | −$46.7M | $3.1M | $12.7M | $10.6M | $17.8M | $14.3M | $14.4M | $8.0M | $15.3M | $13.8M |
| Operating income | $4.0M | $4.5M | −$5.4M | $11.5M | $2.0M | $3.2M | −$4.8M | −$3.3M | −$3.0M | $3.7M | −$4.5M | −$4.9M |
| Interest income | — | — | $4.3M | $4.6M | $4.6M | $4.5M | $3.6M | $6.5M | — | — | — | — |
| Interest expense | $4.1M | $4.2M | $4.3M | $4.6M | $4.6M | $4.5M | $3.5M | $6.5M | $6.6M | $6.7M | $5.6M | $4.6M |
| Income before taxes | $1.6M | $470,000 | −$5.2M | $5.6M | −$4.3M | −$1.2M | −$4.6M | −$3.3M | −$2.9M | −$3.2M | $8.5M | −$4.8M |
| Income taxes | $94,000 | $70,000 | $2,000 | $52,000 | $194,000 | $102,000 | $231,000 | $63,000 | $119,000 | $162,000 | $110,000 | $48,000 |
| Net income | $1.2M | $320,000 | −$4.1M | $4.0M | −$2.9M | −$833,000 | −$3.0M | −$2.4M | −$2.2M | −$2.5M | $6.2M | −$3.6M |
| EBITDA | $14.4M | $12.4M | $8.6M | $18.2M | $10.8M | $11.7M | $6.4M | $10.9M | $10.7M | $11.3M | $9.4M | $6.2M |
| EPS (diluted) | $0.33 | $0.03 | −$0.17 | −$0.06 | $0.01 | −$0.06 | $0.27 | −$0.07 | −$0.40 | — | — | — |
| Gross margin | −0.7% | 2.8% | −313.5% | 86.9% | 84.5% | 85.4% | 85.7% | 75.7% | 77.8% | 76.9% | 76.1% | 76.4% |
| Operating margin | 22.2% | 24.9% | −32.4% | 68.3% | 11.5% | 19.8% | −31.8% | −23.0% | −20.6% | 24.2% | −31.4% | −42.1% |
| Net margin | 6.8% | 1.8% | −24.8% | 23.9% | −16.6% | −5.1% | −19.7% | −16.7% | −15.0% | −16.1% | 43.2% | −30.6% |
Quarterly columns are labeled by the month the quarter ended. Figures in U.S. dollars as reported in FVR's financial statements (latest annual report filed February 25, 2026); data from EODHD. Sales, general & administrative expenses include sales and marketing.
FVR financial results
In fiscal year 2025 (ended December 31, 2025), FrontView REIT reported revenue of $67.1 million, up 12.0% from the year before. It had a net loss of $3.8 million, a net profit margin of −5.7%. Diluted earnings per share came to −$0.28. Over five years revenue grew at an average rate of 121.7% a year.
See the FVR stock overview for the latest quote and news, or the FVR chart for price history and technical indicators.
FVR income statement FAQ
What is FrontView REIT's annual revenue?
FrontView REIT reported total revenue of $67.1 million for fiscal year 2025, which ended on December 31, 2025. That was up 12.0% from $59.9 million the previous year.
Is FrontView REIT profitable?
No. FrontView REIT reported a net loss of $3.8 million in fiscal 2025, a net profit margin of −5.7%; its operating margin was 16.9%.
What is FrontView REIT's gross margin?
FrontView REIT's gross margin was −13.2% in fiscal 2025: for every $100 of revenue, FrontView REIT kept $-13 after the direct cost of its products and services.
How fast is FrontView REIT growing?
Revenue grew 121.7% a year on average over the last five fiscal years, from $1.3 million to $67.1 million.
What are FrontView REIT's earnings per share?
FrontView REIT earned $-0.28 per diluted share in fiscal 2025, compared with $-0.20 a year earlier.
When will FrontView REIT report its next earnings?
FrontView REIT is expected to report results for the quarter ending September 30, 2026 on November 5, 2026 before the market opens.
When does FrontView REIT's fiscal year end?
FrontView REIT's fiscal year ends in December. The latest annual report covers the year ended December 31, 2025 and was filed on February 25, 2026.