New England Realty Associates LP (NEN) Income Statement
NEN 2025 at a glance
Fiscal year ended December 31, 2025 · U.S. dollarsNEN revenue and net income
Where NEN's revenue goes
2025Each bar shows an amount and its share of revenue. NEN kept 6.8% of revenue as net income.
NEN profit margins
NEN growth rates
to 2025| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Revenue | +10.8% | +9.3% | +7.5% | +7.0% |
| Gross profit | −73.1% | −31.4% | −22.8% | −9.2% |
| Operating income | −14.3% | +6.3% | +7.8% | +5.5% |
| Net income | −61.5% | +17.4% | +33.5% | +4.8% |
| EPS (diluted) | −61.2% | −61.8% | −31.7% | +3.6% |
1-year change and average annual growth (CAGR) over 3, 5 and 10 fiscal years. "—" when a starting value was zero or negative.
NEN quarterly EPS vs estimates
New England Realty Associates beat the analyst EPS estimate in 1 of the last 1 quarters. Next report: November 6, 2026.
NEN income statement
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $89.2M | $80.5M | $74.5M | $68.3M | $62.6M | $62.1M | $60.5M | $58.0M | $52.8M | $49.6M |
| Cost of revenue | $74.6M | $26.3M | $26.3M | $23.1M | $21.5M | $8.8M | $19.4M | $9.2M | $8.4M | $8.3M |
| Gross profit | $14.6M | $54.2M | $48.2M | $45.2M | $41.1M | $53.3M | $41.1M | $48.8M | $44.4M | $41.3M |
| Research & development | — | — | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Sales, general & admin | $4.5M | $4.1M | $3.9M | $3.4M | $3.7M | $3.1M | $3.4M | $3.0M | $2.6M | $2.7M |
| Total operating expenses | −$7.1M | $28.9M | $28.4M | $27.1M | $26.9M | $38.4M | $23.8M | $33.9M | $30.3M | $28.0M |
| Operating income | $21.7M | $25.4M | $19.8M | $18.1M | $14.2M | $15.0M | $17.3M | $14.9M | $14.1M | $13.3M |
| Interest income | $1.8M | $4.5M | $4.0M | $13.5M | $87 | $195 | $607 | $344 | $1,284 | $1,025 |
| Interest expense | $18.6M | $15.5M | $15.7M | $15.0M | $13.6M | $13.7M | $12.2M | $12.4M | $11.1M | $10.2M |
| Income before taxes | $6.0M | $15.7M | $8.5M | $3.7M | −$2.7M | $1.4M | $6.5M | $4.2M | $6.9M | $5.0M |
| Income taxes | — | — | −$8.45B | $15.0M | $10.3M | $13.9M | $13.7M | $1.6M | $15.0M | $12.0M |
| Net income | $6.0M | $15.7M | $8.5M | $3.7M | −$2.7M | $1.4M | $6.5M | $4.2M | $6.9M | $5.0M |
| EBITDA | $47.9M | $48.1M | $41.0M | $35.1M | $27.6M | $33.5M | $33.4M | $32.1M | $31.5M | $27.3M |
| EPS (diluted) | $1.73 | $4.46 | $16.78 | $31.13 | −$22.23 | $11.68 | $53.50 | $33.52 | $55.78 | $1.50 |
| Gross margin | 16.4% | 67.4% | 64.7% | 66.1% | 65.6% | 85.9% | 67.9% | 84.2% | 84.1% | 83.3% |
| Operating margin | 24.4% | 31.5% | 26.6% | 26.5% | 22.7% | 24.1% | 28.6% | 25.7% | 26.8% | 26.8% |
| Net margin | 6.8% | 19.4% | 11.4% | 5.5% | −4.3% | 2.3% | 10.8% | 7.2% | 13.1% | 10.0% |
| 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 | $24.4M | $24.2M | $23.6M | $23.7M | $21.2M | $20.7M | $20.4M | $20.2M | $20.1M | $19.9M | $19.7M | $19.0M |
| Cost of revenue | $24.3M | $27.3M | $8.0M | $8.6M | $7.1M | $6.4M | $6.5M | $6.9M | $6.8M | $6.1M | $6.8M | $7.0M |
| Gross profit | $103,015 | −$3.2M | $15.6M | $15.1M | $14.2M | $14.3M | $13.9M | $13.3M | $13.3M | $13.8M | $12.9M | $12.0M |
| Sales, general & admin | $1.5M | $1.8M | $1.3M | $1.4M | $924,111 | $899,595 | $1.2M | $1.1M | $802,750 | $1.1M | $830,257 | $1.0M |
| Total operating expenses | −$3.9M | −$4.7M | $11.9M | $10.3M | $7.1M | $14.5M | $7.3M | $6.8M | $6.7M | $8.0M | $7.3M | $12.0M |
| Operating income | $4.0M | $1.5M | $3.7M | $4.7M | $7.1M | $6.2M | $6.6M | $6.5M | $6.5M | $5.8M | $5.7M | $4.9M |
| Interest income | $105,259 | $116,134 | $29,576 | $36,981 | $737,413 | $991,075 | $1.1M | $1.1M | $1.1M | $1.2M | $1.1M | $1.1M |
| Interest expense | $5.7M | $5.7M | $5.2M | $5.45B | $4.1M | $3.8M | $3.8M | $3.8M | $3.9M | $3.9M | $3.9M | $4.0M |
| Income before taxes | −$1.2M | −$3.9M | −$1.4M | −$521,828 | $4.1M | $3.8M | $4.2M | $3.9M | $4.1M | $3.5M | $2.3M | $2.2M |
| Income taxes | — | — | — | — | — | — | — | −$3.91B | −$4.07B | −$3.46B | −$1 | −$2.18B |
| Net income | −$1.2M | −$3.9M | −$1.4M | −$521,828 | $4.1M | $3.8M | $4.2M | $3.9M | $4.1M | $3.5M | $2.3M | $2.2M |
| EBITDA | $12.7M | $9.8M | $11.3M | $12.3M | $12.8M | $10.1M | $12.3M | $12.0M | $12.2M | $11.6M | $10.8M | $10.6M |
| EPS (diluted) | $35.59 | −$33.61 | −$0.40 | −$0.15 | $1.19 | $1.08 | $1.20 | $1.11 | $1.16 | $0.98 | $0.65 | $0.61 |
| Gross margin | 0.4% | −13.1% | 66.1% | 63.7% | 66.7% | 69.2% | 68.3% | 65.8% | 66.1% | 69.2% | 65.6% | 63.1% |
| Operating margin | 16.6% | 6.2% | 15.7% | 20.0% | 33.3% | 30.1% | 32.4% | 32.0% | 32.6% | 28.9% | 28.9% | 25.8% |
| Net margin | −4.8% | −16.2% | −5.9% | −2.2% | 19.5% | 18.3% | 20.7% | 19.3% | 20.3% | 17.4% | 11.7% | 11.5% |
Quarterly columns are labeled by the month the quarter ended. Figures in U.S. dollars as reported in NEN's financial statements (latest annual report filed March 13, 2026); data from EODHD. Sales, general & administrative expenses include sales and marketing.
NEN financial results
In fiscal year 2025 (ended December 31, 2025), New England Realty Associates reported revenue of $89.2 million, up 10.8% from the year before. It had net income of $6.0 million (down 61.5%), a net profit margin of 6.8%. Diluted earnings per share came to $1.73. Over five years revenue grew at an average rate of 7.5% a year.
See the NEN stock overview for the latest quote and news, or the NEN chart for price history and technical indicators.
NEN income statement FAQ
What is New England Realty Associates's annual revenue?
New England Realty Associates reported total revenue of $89.2 million for fiscal year 2025, which ended on December 31, 2025. That was up 10.8% from $80.5 million the previous year.
Is New England Realty Associates profitable?
Yes. New England Realty Associates reported net income of $6.0 million in fiscal 2025, a net profit margin of 6.8%; its operating margin was 24.4%.
What is New England Realty Associates's gross margin?
New England Realty Associates's gross margin was 16.4% in fiscal 2025: for every $100 of revenue, New England Realty Associates kept $16 after the direct cost of its products and services.
How fast is New England Realty Associates growing?
Revenue grew 7.5% a year on average over the last five fiscal years, from $62.1 million to $89.2 million.
What are New England Realty Associates's earnings per share?
New England Realty Associates earned $1.73 per diluted share in fiscal 2025, compared with $4.46 a year earlier.
When will New England Realty Associates report its next earnings?
New England Realty Associates is expected to report results for the quarter ending September 30, 2026 on November 6, 2026.
When does New England Realty Associates's fiscal year end?
New England Realty Associates's fiscal year ends in December. The latest annual report covers the year ended December 31, 2025 and was filed on March 13, 2026.