Greystone Housing Impact Investors LP (GHI) Income Statement
GHI 2025 at a glance
Fiscal year ended December 31, 2025 · U.S. dollarsGHI revenue and net income
Where GHI's revenue goes
2025Each bar shows an amount and its share of revenue. GHI kept −10.5% of revenue as net income.
GHI profit margins
GHI growth rates
to 2025| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Revenue | −27.6% | −18.5% | +4.9% | +3.8% |
| Gross profit | −45.0% | −37.6% | −9.2% | −5.7% |
| Operating income | −131.8% | — | — | — |
| Net income | −135.7% | — | — | — |
| EPS (diluted) | −28.1% | −43.3% | +13.9% | −7.6% |
1-year change and average annual growth (CAGR) over 3, 5 and 10 fiscal years. "—" when a starting value was zero or negative.
GHI quarterly EPS vs estimates
Greystone Housing Impact Investors beat the analyst EPS estimate in 2 of the last 8 quarters. Next report: November 5, 2026 (estimate $0.29).
GHI income statement
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $72.4M | $100.0M | $145.3M | $134.0M | $84.0M | $56.9M | $78.5M | $62.3M | $62.9M | $55.7M |
| Cost of revenue | $50.4M | $60.0M | $69.1M | $43.6M | $21.9M | $21.2M | $24.7M | $5.3M | $8.2M | $9.2M |
| Gross profit | $22.0M | $40.0M | $76.3M | $90.4M | $62.0M | $35.7M | $53.7M | $57.0M | $54.7M | $46.4M |
| Research & development | — | — | $0 | $1 | $0 | $0 | $0 | $0 | $1 | $0 |
| Sales, general & admin | $19.0M | $19.7M | $23.1M | $22.2M | $18.8M | $17.4M | $20.1M | $18.5M | $21.0M | $20.1M |
| Total operating expenses | $28.8M | $18.6M | $22.3M | $24.9M | $23.9M | $28.4M | $23.2M | $22.1M | $26.2M | $26.9M |
| Operating income | −$6.8M | $21.4M | $54.0M | $65.5M | $38.2M | $7.3M | $30.5M | −$9.0M | $18.9M | $14.7M |
| Interest income | $11.9M | $9.5M | $17.8M | $11.9M | $3.5M | $979,381 | $3.9M | $17.0M | — | — |
| Interest expense | $50.4M | $60.0M | $69.1M | $43.6M | $21.9M | $21.2M | $24.7M | $24.9M | $24.5M | $17.3M |
| Income before taxes | −$6.8M | $21.4M | $54.0M | $65.5M | $38.2M | $7.3M | $30.5M | $40.2M | $36.7M | $28.7M |
| Income taxes | $827,548 | $32,447 | $10,866 | −$51,194 | $63,792 | $79,990 | $45,987 | −$921,097 | $6.0M | $5.0M |
| Net income | −$7.6M | $21.3M | $54.0M | $65.6M | $38.1M | $7.2M | $30.5M | $41.1M | $30.6M | $23.8M |
| EBITDA | −$6.8M | $21.4M | $55.6M | $68.2M | $40.9M | $10.1M | $33.6M | $41.0M | $24.9M | $21.7M |
| EPS (diluted) | $0.46 | $0.64 | $1.90 | $2.53 | $1.55 | $0.24 | $0.89 | $1.18 | $1.32 | $0.99 |
| Gross margin | 30.4% | 40.0% | 52.5% | 67.5% | 73.9% | 62.7% | 68.5% | 91.5% | 86.9% | 83.4% |
| Operating margin | −9.4% | 21.3% | 37.2% | 48.9% | 45.5% | 12.8% | 38.9% | −14.5% | 30.1% | 26.3% |
| Net margin | −10.5% | 21.3% | 37.2% | 48.9% | 45.4% | 12.7% | 38.9% | 66.0% | 48.6% | 42.7% |
| 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 | $21.2M | $18.4M | $9.2M | $20.5M | $20.9M | $21.9M | $30.8M | $15.7M | $24.9M | $28.6M | $42.9M | $15.8M |
| Cost of revenue | $13.4M | $13.2M | $8.9M | $13.1M | $14.2M | $14.1M | $15.8M | $15.5M | $14.9M | $13.8M | $31.4M | $873,668 |
| Gross profit | $7.8M | $5.3M | $308,372 | $7.3M | $6.7M | $7.7M | $14.9M | $255,251 | $10.0M | $14.8M | $11.5M | $14.9M |
| Sales, general & admin | $4.0M | $5.5M | $4.9M | $4.8M | $4.7M | $4.6M | $4.8M | $5.1M | $4.8M | $4.9M | $5.5M | $6.2M |
| Total operating expenses | $9.3M | $3.9M | $5.3M | $5.4M | $13.7M | $4.4M | $4.8M | $4.9M | $4.8M | $4.1M | $5.3M | $6.1M |
| Operating income | −$1.5M | $1.3M | −$5.0M | $2.0M | −$7.1M | $3.3M | $10.2M | −$4.6M | $5.2M | $10.6M | $6.2M | $20.3M |
| Interest income | $3.2M | $3.1M | $3.7M | $3.1M | $2.8M | $2.3M | $2.2M | $2.2M | $2.1M | $3.0M | $4.1M | $4.6M |
| Interest expense | $13.4M | $13.2M | $8.9M | $13.1M | $14.2M | $14.1M | $15.8M | $15.5M | $14.9M | $13.8M | $31.4M | $10.7M |
| Income before taxes | −$1.5M | $1.3M | −$5.0M | $2.0M | −$7.1M | $3.3M | $10.2M | −$4.6M | $5.2M | $10.6M | $6.2M | $9.7M |
| Income taxes | −$2,786 | −$2,673 | $835,093 | −$2,050 | −$2,762 | −$2,733 | $36,398 | −$1,967 | −$786 | −$1,198 | −$1,515 | $6,172 |
| Net income | −$1.5M | $1.3M | −$5.8M | $2.0M | −$7.1M | $3.3M | $10.1M | −$4.6M | $5.2M | $10.6M | $6.2M | $9.7M |
| EBITDA | $1.7M | $4.1M | −$5.0M | $2.0M | −$7.1M | $3.3M | $10.2M | −$4.6M | $5.2M | $10.7M | $6.5M | $20.9M |
| EPS (diluted) | $0.10 | $0.01 | −$0.30 | $0.20 | $0.25 | $0.31 | $0.18 | −$0.23 | $0.27 | $0.42 | $0.24 | $0.25 |
| Gross margin | 36.8% | 28.5% | 3.4% | 35.8% | 31.9% | 35.3% | 48.5% | 1.6% | 40.2% | 51.7% | 26.8% | 94.5% |
| Operating margin | −7.2% | 7.2% | −54.4% | 9.6% | −33.9% | 15.2% | 33.0% | −29.5% | 20.8% | 37.3% | 14.5% | 128.4% |
| Net margin | −7.2% | 7.2% | −63.5% | 9.6% | −33.9% | 15.2% | 32.9% | −29.4% | 20.8% | 37.3% | 14.5% | 61.6% |
Quarterly columns are labeled by the month the quarter ended. Figures in U.S. dollars as reported in GHI's financial statements (latest annual report filed January 7, 2026); data from EODHD. Sales, general & administrative expenses include sales and marketing.
GHI financial results
In fiscal year 2025 (ended December 31, 2025), Greystone Housing Impact Investors reported revenue of $72.4 million, down 27.6% from the year before. It had a net loss of $7.6 million, a net profit margin of −10.5%. Diluted earnings per share came to $0.46. Over five years revenue grew at an average rate of 4.9% a year.
See the GHI stock overview for the latest quote and news, or the GHI chart for price history and technical indicators.
GHI income statement FAQ
What is Greystone Housing Impact Investors's annual revenue?
Greystone Housing Impact Investors reported total revenue of $72.4 million for fiscal year 2025, which ended on December 31, 2025. That was down 27.6% from $100.0 million the previous year.
Is Greystone Housing Impact Investors profitable?
No. Greystone Housing Impact Investors reported a net loss of $7.6 million in fiscal 2025, a net profit margin of −10.5%; its operating margin was −9.4%.
What is Greystone Housing Impact Investors's gross margin?
Greystone Housing Impact Investors's gross margin was 30.4% in fiscal 2025: for every $100 of revenue, Greystone Housing Impact Investors kept $30 after the direct cost of its products and services.
How fast is Greystone Housing Impact Investors growing?
Revenue grew 4.9% a year on average over the last five fiscal years, from $56.9 million to $72.4 million.
What are Greystone Housing Impact Investors's earnings per share?
Greystone Housing Impact Investors earned $0.46 per diluted share in fiscal 2025, compared with $0.64 a year earlier.
When will Greystone Housing Impact Investors report its next earnings?
Greystone Housing Impact Investors is expected to report results for the quarter ending September 30, 2026 on November 5, 2026 after the market closes.
When does Greystone Housing Impact Investors's fiscal year end?
Greystone Housing Impact Investors's fiscal year ends in December. The latest annual report covers the year ended December 31, 2025 and was filed on January 7, 2026.