Alpine Income Property Trust, Inc. (PINE) Income Statement
PINE 2025 at a glance
Fiscal year ended December 31, 2025 · U.S. dollarsPINE revenue and net income
Where PINE's revenue goes
2025Each bar shows an amount and its share of revenue. PINE kept −4.4% of revenue as net income.
PINE profit margins
PINE growth rates
to 2025| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Revenue | +15.9% | +10.2% | +25.8% | — |
| Gross profit | −116.4% | — | — | — |
| Operating income | +31.9% | −24.8% | +47.9% | — |
| Net income | −228.6% | — | — | — |
| 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.
PINE quarterly EPS vs estimates
Alpine Income Property beat the analyst EPS estimate in 1 of the last 8 quarters. Next report: October 22, 2026 (estimate $0.53).
PINE income statement
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|
| Revenue | $60.5M | $52.2M | $45.6M | $45.2M | $30.1M | $19.2M | $14.0M | $11.7M | $8.5M |
| Cost of revenue | $67.1M | $12.0M | $6.9M | $9.3M | $6.9M | $2.3M | $2.0M | $1.6M | $1.5M |
| Gross profit | −$6.6M | $40.2M | $38.8M | $35.9M | $23.3M | $16.9M | $14.0M | $10.1M | $7.0M |
| Research & development | — | — | $0 | $1 | $0 | $0 | $0 | $1 | $0 |
| Sales, general & admin | $6.7M | $6.6M | $6.3M | $2.0M | $1.8M | $4.7M | $2.0M | $1.2M | $829,349 |
| Total operating expenses | −$25.1M | $26.2M | $25.6M | −$7.6M | $8.1M | $14.3M | −$13.2M | $6.1M | $3.9M |
| Operating income | $18.5M | $14.0M | $13.1M | $43.5M | $15.2M | $2.6M | $759,512 | $4.0M | $3.1M |
| Interest income | — | — | $637,000 | $0 | $0 | — | $41,230 | — | $286,240 |
| Interest expense | $16.3M | $12.0M | $10.2M | $9.5M | $3.7M | $1.5M | $41,230 | $0 | $286,242 |
| Income before taxes | −$2.9M | $2.3M | $3.3M | $34.0M | $11.5M | $1.1M | $759,512 | $4.0M | $2.8M |
| Income taxes | — | −$188,000 | $10.2M | $13.8M | $5.2M | $1.6M | −$6,060 | $229,329 | $165,973 |
| Net income | −$2.7M | $2.1M | $2.9M | $29.7M | $10.0M | $985,000 | $759,512 | $4.0M | $2.8M |
| EBITDA | $40.8M | $39.1M | $38.5M | $66.1M | $30.5M | $12.2M | $759,512 | $8.7M | $6.0M |
| EPS (diluted) | −$0.39 | −$0.10 | −$0.14 | $1.01 | $0.18 | $0.11 | $0.23 | $0.44 | — |
| Gross margin | −10.9% | 77.0% | 84.9% | 79.5% | 77.2% | 88.0% | 100.0% | 86.2% | 82.6% |
| Operating margin | 30.5% | 26.8% | 28.8% | 96.2% | 50.3% | 13.6% | 5.4% | 34.3% | 36.7% |
| Net margin | −4.4% | 4.0% | 6.4% | 65.8% | 33.1% | 5.1% | 5.4% | 34.3% | 33.3% |
| 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 | $20.0M | $18.4M | $16.9M | $14.6M | $14.9M | $14.2M | $13.8M | $13.5M | $12.5M | $12.5M | $11.6M | $11.6M |
| Cost of revenue | $2.1M | $18.0M | $3.1M | $3.0M | $2.1M | $2.0M | $3.3M | $2.9M | $1.8M | $1.9M | $2.1M | $1.7M |
| Gross profit | $17.9M | $402,000 | $13.8M | $11.6M | $12.8M | $12.2M | $10.5M | $10.6M | $10.7M | $10.5M | $9.4M | $9.8M |
| Sales, general & admin | $2.0M | $1.9M | $459,000 | $613,000 | $1.7M | $1.7M | $1.7M | $791,000 | $1.6M | $1.5M | $1.5M | $1.7M |
| Total operating expenses | $9.2M | −$6.6M | $7.2M | $9.2M | $10.3M | $9.9M | $8.5M | $4.1M | $7.7M | $8.0M | $6.5M | $8.5M |
| Operating income | $8.7M | $7.0M | $6.6M | $2.4M | $2.5M | $2.3M | $2.0M | $6.5M | $3.0M | $2.6M | $3.0M | $1.4M |
| Interest income | — | — | — | — | — | — | — | — | $986,000 | — | $525,000 | $112,000 |
| Interest expense | $4.6M | $4.4M | $4.4M | $3.9M | $4.3M | $3.6M | $3.1M | $3.2M | $2.8M | $2.9M | $2.7M | $2.4M |
| Income before taxes | $3.0M | $2.4M | $1.6M | −$1.4M | −$1.8M | −$1.2M | −$1.0M | $3.4M | $222,000 | −$283,000 | $370,000 | −$939,000 |
| Income taxes | — | — | — | — | — | $99,000 | — | $471,000 | $18,000 | $3.0M | $2.1M | $2.5M |
| Net income | $3.0M | $2.2M | $1.5M | −$1.3M | −$1.6M | −$1.2M | −$958,000 | $3.1M | $204,000 | −$260,000 | $335,000 | −$837,000 |
| EBITDA | $15.5M | $13.9M | $11.8M | $8.9M | $11.1M | $10.5M | $7.8M | $12.7M | $9.0M | $8.7M | $7.8M | $8.1M |
| EPS (diluted) | $0.57 | $0.06 | $0.04 | −$0.09 | −$0.18 | −$0.16 | −$0.00 | −$0.03 | −$0.05 | −$0.02 | $0.02 | −$0.05 |
| Gross margin | 89.6% | 2.2% | 81.8% | 79.6% | 85.8% | 85.7% | 75.9% | 78.5% | 85.6% | 84.5% | 81.4% | 85.1% |
| Operating margin | 43.5% | 38.2% | 39.0% | 16.6% | 16.8% | 16.0% | 14.3% | 47.9% | 24.0% | 20.7% | 25.7% | 11.9% |
| Net margin | 15.0% | 11.9% | 8.7% | −9.0% | −11.0% | −8.3% | −6.9% | 22.8% | 1.6% | −2.1% | 2.9% | −7.2% |
Quarterly columns are labeled by the month the quarter ended. Figures in U.S. dollars as reported in PINE's financial statements (latest annual report filed February 5, 2026); data from EODHD. Sales, general & administrative expenses include sales and marketing.
PINE financial results
In fiscal year 2025 (ended December 31, 2025), Alpine Income Property reported revenue of $60.5 million, up 15.9% from the year before. It had a net loss of $2.7 million, a net profit margin of −4.4%. Diluted earnings per share came to −$0.39. Over five years revenue grew at an average rate of 25.8% a year.
See the PINE stock overview for the latest quote and news, or the PINE chart for price history and technical indicators.
PINE income statement FAQ
What is Alpine Income Property's annual revenue?
Alpine Income Property reported total revenue of $60.5 million for fiscal year 2025, which ended on December 31, 2025. That was up 15.9% from $52.2 million the previous year.
Is Alpine Income Property profitable?
No. Alpine Income Property reported a net loss of $2.7 million in fiscal 2025, a net profit margin of −4.4%; its operating margin was 30.5%.
What is Alpine Income Property's gross margin?
Alpine Income Property's gross margin was −10.9% in fiscal 2025: for every $100 of revenue, Alpine Income Property kept $-11 after the direct cost of its products and services.
How fast is Alpine Income Property growing?
Revenue grew 25.8% a year on average over the last five fiscal years, from $19.2 million to $60.5 million.
What are Alpine Income Property's earnings per share?
Alpine Income Property earned $-0.39 per diluted share in fiscal 2025, compared with $-0.10 a year earlier.
When will Alpine Income Property report its next earnings?
Alpine Income Property is expected to report results for the quarter ending September 30, 2026 on October 22, 2026 after the market closes.
When does Alpine Income Property's fiscal year end?
Alpine Income Property's fiscal year ends in December. The latest annual report covers the year ended December 31, 2025 and was filed on February 5, 2026.