Medalist Diversified REIT, Inc. (MDRR) Income Statement
MDRR 2025 at a glance
Fiscal year ended December 31, 2025 · U.S. dollarsMDRR revenue and net income
Where MDRR's revenue goes
2025Each bar shows an amount and its share of revenue. MDRR kept −23.0% of revenue as net income.
MDRR profit margins
MDRR growth rates
to 2025| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Revenue | +6.8% | −2.1% | +2.3% | — |
| Gross profit | +3.2% | +2.1% | +11.0% | — |
| Operating income | −73.3% | — | — | — |
| Net income | −8,779.1% | — | — | — |
| 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.
MDRR quarterly EPS vs estimates
Medalist Diversified REIT beat the analyst EPS estimate in 0 of the last 1 quarters. Next report: November 5, 2026.
MDRR income statement
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $10.4M | $9.7M | $10.3M | $11.1M | $11.5M | $9.3M | $8.3M | $6.6M | $1.7M | $0 |
| Cost of revenue | $2.8M | $2.4M | $2.6M | $3.9M | $5.0M | $4.8M | $4.3M | $3.6M | $959,397 | $0 |
| Gross profit | $7.6M | $7.4M | $7.7M | $7.2M | $6.5M | $4.5M | $3.9M | $3.0M | $765,260 | $0 |
| Research & development | — | — | $0 | $0 | $0 | $1 | $0 | $0 | $1 | — |
| Sales, general & admin | $3.3M | $2.7M | $1.9M | $2.6M | $2.3M | $2.1M | $1.4M | $1.8M | $307,241 | $44,429 |
| Total operating expenses | $6.6M | $3.7M | $8.7M | $8.6M | $5.7M | $10.3M | $5.2M | $3.9M | $1.1M | $44,429 |
| Operating income | $995,586 | $3.7M | −$997,164 | −$1.4M | $814,504 | −$5.7M | −$1.2M | −$1.1M | −$285,127 | −$44,429 |
| Interest income | $25,828 | $54,064 | $38,308 | $11,706 | — | — | $2.5M | $1.9M | $766,860 | $1,820 |
| Interest expense | $2.6M | $3.0M | $3.5M | $3.6M | $5.5M | $4.0M | $2.5M | $1.9M | $766,857 | $1,818 |
| Income before taxes | −$1.9M | $744,325 | −$4.6M | −$4.7M | −$4.4M | −$9.6M | −$3.8M | −$2.9M | −$968,548 | −$46,247 |
| Income taxes | — | −$716,801 | −$2,078 | $233,164 | $5.9M | $2.7M | $1.6M | $53,151 | $646,228 | −$88,860 |
| Net income | −$2.4M | $27,524 | −$4.6M | −$4.8M | −$4.4M | −$8.2M | −$3.0M | −$2.7M | −$847,919 | −$46,247 |
| EBITDA | $3.9M | $7.4M | $3.5M | $3.3M | $4.7M | −$1.6M | $1.4M | $1.0M | $541,455 | −$44,429 |
| EPS (diluted) | −$1.83 | −$1.05 | −$2.06 | −$0.28 | −$7.42 | −$15.70 | −$7.49 | −$1.11 | −$12.20 | −$1.25 |
| Gross margin | 73.3% | 75.8% | 74.7% | 64.5% | 56.7% | 48.7% | 47.5% | 45.6% | 44.4% | — |
| Operating margin | 9.6% | 38.3% | −9.7% | −12.7% | 7.1% | −61.9% | −15.1% | −16.2% | −16.5% | — |
| Net margin | −23.0% | 0.3% | −44.5% | −43.0% | −38.0% | −88.2% | −36.4% | −41.6% | −49.2% | — |
| 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 | $1.8M | $2.2M | $2.8M | $2.8M | $2.5M | $2.3M | $2.5M | $2.3M | $2.3M | $2.6M | $2.7M | $2.6M |
| Cost of revenue | $643,340 | $1.8M | $778,053 | $756,378 | $584,447 | $659,354 | $642,618 | $545,004 | $583,477 | $580,640 | $552,676 | $646,992 |
| Gross profit | $1.2M | $317,565 | $2.0M | $2.0M | $1.9M | $1.7M | $1.9M | $1.8M | $1.7M | $2.0M | $2.2M | $1.9M |
| Sales, general & admin | $684,897 | $763,968 | $663,450 | $699,304 | $673,162 | $1.2M | $448,533 | $499,859 | $508,605 | $967,372 | $295,570 | $405,880 |
| Total operating expenses | $1.6M | $313,476 | $1.3M | $1.6M | $1.6M | $1.1M | $1.4M | $1.5M | $1.5M | $4.8M | $2.6M | $3.9M |
| Operating income | −$394,017 | $4,088 | $701,665 | $441,516 | $241,506 | $552,516 | $447,786 | $303,272 | $215,775 | −$2.8M | −$443,750 | −$2.0M |
| Interest income | $35,143 | $6,700 | $6,693 | $3,628 | $7,161 | $8,345 | $13,578 | $14,824 | $16,111 | $9,551 | $10,733 | $8,185 |
| Interest expense | $297,732 | $456,095 | $719,724 | $768,816 | $558,840 | $573,016 | $688,769 | $730,922 | $723,360 | $876,748 | $928,258 | $900,182 |
| Income before taxes | −$203,733 | $12.0M | −$348,773 | −$166,728 | −$331,163 | −$1.0M | −$171,953 | −$517,949 | −$498,674 | $1.9M | −$531,289 | −$1.9M |
| Income taxes | $2,388 | −$2.1M | — | — | — | — | — | — | $23,029 | $762,307 | −$7,797 | $988,040 |
| Net income | −$418,684 | $9.0M | −$467,404 | −$395,948 | −$456,444 | −$1.0M | −$281,176 | −$526,996 | −$521,702 | $1.4M | −$523,493 | −$1.9M |
| EBITDA | $411,178 | $13.0M | $1.0M | $1.3M | $1.1M | $511,343 | $1.4M | $1.2M | $1.2M | $3.8M | $1.9M | $1.5M |
| EPS (diluted) | −$0.26 | $4.85 | −$0.42 | −$0.33 | −$0.34 | −$0.74 | −$0.25 | −$0.47 | −$0.93 | $0.60 | −$0.24 | −$0.88 |
| Gross margin | 64.4% | 14.7% | 72.4% | 72.9% | 76.3% | 71.6% | 74.6% | 76.7% | 74.6% | 77.4% | 79.6% | 75.0% |
| Operating margin | −21.8% | 0.2% | 24.9% | 15.8% | 9.8% | 23.8% | 17.7% | 13.0% | 9.4% | −107.5% | −16.4% | −76.0% |
| Net margin | −23.2% | 415.3% | −16.6% | −14.2% | −18.5% | −43.4% | −11.1% | −22.6% | −22.7% | 52.8% | −19.3% | −75.3% |
Quarterly columns are labeled by the month the quarter ended. Figures in U.S. dollars as reported in MDRR's financial statements (latest annual report filed March 2, 2026); data from EODHD. Sales, general & administrative expenses include sales and marketing.
MDRR financial results
In fiscal year 2025 (ended December 31, 2025), Medalist Diversified REIT reported revenue of $10.4 million, up 6.8% from the year before. It had a net loss of $2.4 million, a net profit margin of −23.0%. Diluted earnings per share came to −$1.83. Over five years revenue grew at an average rate of 2.3% a year.
See the MDRR stock overview for the latest quote and news, or the MDRR chart for price history and technical indicators.
MDRR income statement FAQ
What is Medalist Diversified REIT's annual revenue?
Medalist Diversified REIT reported total revenue of $10.4 million for fiscal year 2025, which ended on December 31, 2025. That was up 6.8% from $9.7 million the previous year.
Is Medalist Diversified REIT profitable?
No. Medalist Diversified REIT reported a net loss of $2.4 million in fiscal 2025, a net profit margin of −23.0%; its operating margin was 9.6%.
What is Medalist Diversified REIT's gross margin?
Medalist Diversified REIT's gross margin was 73.3% in fiscal 2025: for every $100 of revenue, Medalist Diversified REIT kept $73 after the direct cost of its products and services.
How fast is Medalist Diversified REIT growing?
Revenue grew 2.3% a year on average over the last five fiscal years, from $9.3 million to $10.4 million.
What are Medalist Diversified REIT's earnings per share?
Medalist Diversified REIT earned $-1.83 per diluted share in fiscal 2025, compared with $-1.05 a year earlier.
When will Medalist Diversified REIT report its next earnings?
Medalist Diversified REIT is expected to report results for the quarter ending September 30, 2026 on November 5, 2026.
When does Medalist Diversified REIT's fiscal year end?
Medalist Diversified REIT's fiscal year ends in December. The latest annual report covers the year ended December 31, 2025 and was filed on March 2, 2026.