RLJ Lodging Trust (RLJ) Income Statement
RLJ 2025 at a glance
Fiscal year ended December 31, 2025 · U.S. dollarsRLJ revenue and net income
Where RLJ's revenue goes
2025Each bar shows an amount and its share of revenue. RLJ kept 2.1% of revenue as net income.
RLJ profit margins
RLJ growth rates
to 2025| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Revenue | −1.4% | +4.2% | +23.8% | +1.7% |
| Gross profit | −103.0% | — | — | — |
| Operating income | −16.1% | +1.4% | — | −4.7% |
| Net income | −58.1% | −12.1% | — | −18.4% |
| EPS (diluted) | +356.5% | +37.9% | — | −2.0% |
1-year change and average annual growth (CAGR) over 3, 5 and 10 fiscal years. "—" when a starting value was zero or negative.
RLJ quarterly EPS vs estimates
RLJ Lodging beat the analyst EPS estimate in 8 of the last 8 quarters. Next report: November 4, 2026 (estimate $0.28).
RLJ income statement
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $1.35B | $1.37B | $1.33B | $1.19B | $785.7M | $464.6M | $1.57B | $1.76B | $1.36B | $1.16B |
| Cost of revenue | $1.36B | $985.0M | $934.9M | $831.4M | $600.4M | $494.9M | $1.08B | $1.21B | $903.3M | $745.4M |
| Gross profit | −$11.7M | $384.5M | $390.7M | $362.3M | $185.3M | −$30.2M | $490.2M | $548.9M | $453.0M | $414.6M |
| Research & development | — | — | $0 | $0 | $0 | $1 | $0 | $0 | $0 | $0 |
| Sales, general & admin | $47.6M | $54.8M | $59.0M | $56.3M | $47.5M | $41.1M | $45.3M | $49.2M | $40.5M | $35.7M |
| Total operating expenses | −$137.7M | $234.2M | $238.1M | $241.2M | $235.3M | $41.1M | $45.3M | $290.8M | $227.4M | $194.0M |
| Operating income | $126.0M | $150.2M | $152.6M | $121.1M | −$50.0M | −$71.4M | $444.9M | $258.1M | $181.1M | $220.4M |
| Interest income | $13.6M | $17.3M | $16.7M | $88.1M | $996,000 | $104.4M | $8.7M | $4.9M | $3.0M | $1.7M |
| Interest expense | $112.3M | $104.7M | $92.7M | $93.2M | $106.4M | $96.1M | $91.3M | $101.6M | $78.3M | $58.8M |
| Income before taxes | $29.7M | $69.8M | $77.9M | $43.7M | −$309.9M | −$356.8M | $125.6M | $199.7M | $117.9M | $209.5M |
| Income taxes | $1.1M | $1.6M | $1.3M | $1.5M | $1.2M | $52.0M | −$3.8M | $8.8M | $42.1M | $8.2M |
| Net income | $28.5M | $68.0M | $76.4M | $41.9M | −$305.2M | −$404.4M | $129.2M | $190.1M | $75.3M | $200.4M |
| EBITDA | $318.4M | $359.5M | $354.6M | $319.1M | −$22.1M | −$73.8M | $442.8M | $536.4M | $366.0M | $427.6M |
| EPS (diluted) | $1.05 | $0.23 | $0.34 | $0.40 | −$1.04 | −$2.53 | $0.74 | $0.73 | $0.93 | $1.29 |
| Gross margin | −0.9% | 28.1% | 29.5% | 30.3% | 23.6% | −6.5% | 31.3% | 31.2% | 33.4% | 35.7% |
| Operating margin | 9.3% | 11.0% | 11.5% | 10.1% | −6.4% | −15.4% | 28.4% | 14.7% | 13.4% | 19.0% |
| Net margin | 2.1% | 5.0% | 5.8% | 3.5% | −38.8% | −87.0% | 8.2% | 10.8% | 5.6% | 17.3% |
| 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 | $383.0M | $340.0M | $328.6M | $330.0M | $363.1M | $328.1M | $330.0M | $345.7M | $369.3M | $324.4M | $319.7M | $334.2M |
| Cost of revenue | $360.8M | $225.0M | $614.7M | $250.0M | $252.6M | $244.3M | $242.3M | $247.8M | $253.6M | $241.3M | $232.2M | $240.5M |
| Gross profit | $22.1M | $115.0M | −$286.1M | $80.0M | $110.5M | $83.9M | $87.6M | $98.0M | $115.7M | $83.1M | $87.5M | $93.7M |
| Sales, general & admin | $13.4M | $13.0M | $12.1M | $11.8M | $11.1M | $12.6M | $13.0M | $12.8M | $13.9M | $15.1M | $16.0M | $14.7M |
| Total operating expenses | −$33.4M | $87.1M | −$313.0M | $58.8M | $57.5M | $58.4M | $58.4M | $57.7M | $58.4M | $59.8M | $60.4M | $14.7M |
| Operating income | $55.5M | $27.8M | $26.9M | $21.3M | $53.0M | $25.4M | $29.3M | $40.3M | $57.3M | $23.3M | $27.0M | $79.0M |
| Interest income | $3.3M | $2.9M | $3.5M | $3.5M | $3.4M | $3.3M | $4.1M | $4.3M | $4.1M | $4.8M | $5.8M | $5.3M |
| Interest expense | $28.1M | $27.7M | $28.6M | $26.4M | $26.0M | $25.7M | $26.4M | $27.0M | $26.5M | $24.9M | $19.2M | $24.8M |
| Income before taxes | $31.6M | −$85,000 | $723,000 | −$3.5M | $29.0M | $3.5M | $6.0M | $21.0M | $37.7M | $5.1M | $8.3M | $16.7M |
| Income taxes | $286,000 | −$264,000 | $174,000 | $341,000 | $339,000 | $294,000 | $518,000 | $379,000 | $393,000 | $309,000 | $228,000 | $332,000 |
| Net income | $31.0M | −$349,000 | $430,000 | −$3.7M | $28.5M | $3.4M | $5.4M | $20.6M | $37.1M | $4.9M | $7.9M | $16.4M |
| EBITDA | $108.0M | $75.6M | $77.5M | $71.0M | $102.3M | $76.1M | $79.1M | $94.2M | $110.1M | $76.1M | $73.2M | $80.5M |
| EPS (diluted) | $0.52 | −$0.01 | $0.32 | $0.27 | $0.48 | −$0.02 | −$0.01 | $0.07 | $0.18 | −$0.01 | $0.01 | $0.07 |
| Gross margin | 5.8% | 33.8% | −87.1% | 24.2% | 30.4% | 25.6% | 26.6% | 28.3% | 31.3% | 25.6% | 27.4% | 28.0% |
| Operating margin | 14.5% | 8.2% | 8.2% | 6.4% | 14.6% | 7.7% | 8.9% | 11.7% | 15.5% | 7.2% | 8.5% | 23.6% |
| Net margin | 8.1% | −0.1% | 0.1% | −1.1% | 7.8% | 1.0% | 1.6% | 6.0% | 10.0% | 1.5% | 2.5% | 4.9% |
Quarterly columns are labeled by the month the quarter ended. Figures in U.S. dollars as reported in RLJ's financial statements (latest annual report filed February 27, 2026); data from EODHD. Sales, general & administrative expenses include sales and marketing.
RLJ financial results
In fiscal year 2025 (ended December 31, 2025), RLJ Lodging reported revenue of $1.3 billion, down 1.4% from the year before. It had net income of $28.5 million (down 58.1%), a net profit margin of 2.1%. Diluted earnings per share came to $1.05. Over five years revenue grew at an average rate of 23.8% a year.
See the RLJ stock overview for the latest quote and news, or the RLJ chart for price history and technical indicators.
RLJ income statement FAQ
What is RLJ Lodging's annual revenue?
RLJ Lodging reported total revenue of $1.3 billion for fiscal year 2025, which ended on December 31, 2025. That was down 1.4% from $1.4 billion the previous year.
Is RLJ Lodging profitable?
Yes. RLJ Lodging reported net income of $28.5 million in fiscal 2025, a net profit margin of 2.1%; its operating margin was 9.3%.
What is RLJ Lodging's gross margin?
RLJ Lodging's gross margin was −0.9% in fiscal 2025: for every $100 of revenue, RLJ Lodging kept $-1 after the direct cost of its products and services.
How fast is RLJ Lodging growing?
Revenue grew 23.8% a year on average over the last five fiscal years, from $464.6 million to $1.3 billion.
What are RLJ Lodging's earnings per share?
RLJ Lodging earned $1.05 per diluted share in fiscal 2025, compared with $0.23 a year earlier.
When will RLJ Lodging report its next earnings?
RLJ Lodging is expected to report results for the quarter ending September 30, 2026 on November 4, 2026 after the market closes.
When does RLJ Lodging's fiscal year end?
RLJ Lodging's fiscal year ends in December. The latest annual report covers the year ended December 31, 2025 and was filed on February 27, 2026.