Stratus Properties Inc. (STRS) Income Statement
STRS 2025 at a glance
Fiscal year ended December 31, 2025 · U.S. dollarsSTRS revenue and net income
Where STRS's revenue goes
2025Each bar shows an amount and its share of revenue. STRS kept 40.1% of revenue as net income.
STRS profit margins
STRS growth rates
to 2025| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Revenue | −44.8% | −7.3% | −7.6% | −9.5% |
| Gross profit | −226.4% | — | — | — |
| Operating income | — | — | — | — |
| Net income | +512.6% | −49.0% | — | −0.2% |
| EPS (diluted) | +529.2% | −48.4% | — | −2.6% |
1-year change and average annual growth (CAGR) over 3, 5 and 10 fiscal years. "—" when a starting value was zero or negative.
STRS quarterly EPS vs estimates
STRS income statement
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $29.9M | $54.2M | $17.3M | $37.5M | $28.2M | $44.3M | $92.2M | $87.6M | $80.3M | $80.3M |
| Cost of revenue | $44.0M | $43.0M | $19.0M | $31.8M | $18.8M | $29.8M | $64.3M | $74.2M | $68.6M | $67.0M |
| Gross profit | −$14.1M | $11.2M | −$1.8M | $5.7M | $9.5M | $14.5M | $27.9M | $13.4M | $11.7M | $13.3M |
| Research & development | — | — | $1 | $0 | $3 | $0 | $0 | $0 | $0 | $0 |
| Sales, general & admin | $14.8M | $15.0M | $15.2M | $17.6M | $24.5M | $13.6M | $12.4M | $11.3M | $11.4M | $12.2M |
| Total operating expenses | $7.8M | $13.3M | $15.2M | $13.5M | −$74.2M | $21.2M | $17.7M | $11.3M | $11.4M | $12.2M |
| Operating income | −$22.0M | −$2.2M | −$16.9M | −$7.8M | $83.7M | −$6.7M | $10.2M | $2.2M | $23.2M | $1.2M |
| Interest income | — | — | — | — | — | — | $4.5M | $1.1M | $6.5M | $9.1M |
| Interest expense | $1.5M | $0 | $0 | $15,000 | $3.2M | $6.7M | $12.5M | $7.9M | $6.7M | $9.4M |
| Income before taxes | $8.1M | −$1.5M | −$15.0M | −$6.7M | $82.0M | −$13.2M | −$2.4M | −$4.3M | $17.8M | −$8.8M |
| Income taxes | $5.3M | $442,000 | $1.5M | $389,000 | $12.6M | $4.8M | $117,000 | −$305,000 | $13.9M | −$2.8M |
| Net income | $12.0M | $2.0M | −$14.8M | $90.4M | $57.4M | −$22.8M | −$2.5M | −$4.0M | $3.9M | −$6.0M |
| EBITDA | $16.6M | $1.8M | −$10.7M | −$3.1M | −$10.5M | $7.0M | $15.5M | $2.7M | $32.4M | $8.7M |
| EPS (diluted) | $1.51 | $0.24 | −$1.86 | $10.96 | $6.29 | −$2.78 | −$0.89 | −$1.12 | −$0.47 | −$0.74 |
| Gross margin | −47.2% | 20.6% | −10.3% | 15.2% | 33.5% | 32.7% | 30.2% | 15.4% | 14.6% | 16.6% |
| Operating margin | −73.4% | −4.0% | −98.1% | −20.7% | 296.3% | −15.0% | 11.0% | 2.5% | 28.9% | 1.5% |
| Net margin | 40.1% | 3.6% | −85.7% | 241.1% | 203.3% | −51.4% | −2.7% | −4.5% | 4.8% | −7.5% |
| Mar '26 | Dec '25 | Sep '25 | Jun '25 | Mar '25 | Dec '24 | Sep '24 | Jun '24 | Mar '24 | Dec '23 | Sep '23 | Jun '23 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $3.8M | $8.3M | $5.0M | $11.6M | $5.0M | $10.3M | $8.9M | $8.5M | $26.5M | $4.3M | $3.7M | $3.5M |
| Cost of revenue | $7.1M | $9.3M | $7.1M | $13.8M | $4.8M | $8.4M | $8.7M | $7.6M | $18.4M | $3.7M | $3.8M | $4.8M |
| Gross profit | −$3.4M | −$981,000 | −$2.2M | −$2.2M | $256,000 | $1.9M | $218,000 | $922,000 | $8.2M | $522,000 | −$146,000 | −$1.3M |
| Sales, general & admin | $5.6M | $3.3M | $3.9M | $3.6M | $4.1M | $3.3M | $3.4M | $3.8M | $4.5M | $3.2M | $3.2M | $4.1M |
| Total operating expenses | $4.2M | $3.3M | $5.9M | −$1.4M | $3.9M | $3.3M | $1.7M | $3.8M | $4.5M | $3.2M | $3.2M | $4.1M |
| Operating income | −$7.6M | −$4.3M | −$8.1M | −$759,000 | −$3.6M | −$1.4M | −$1.5M | −$2.9M | $3.7M | −$2.7M | −$3.3M | −$5.4M |
| Interest expense | $60,000 | $489,000 | $749,000 | $277,000 | $0 | — | $0 | $0 | — | $3.8M | $3.4M | $2.9M |
| Income before taxes | $15.6M | $22.0M | −$8.3M | −$1.8M | −$3.7M | −$1.2M | −$1.4M | −$2.7M | $3.8M | −$2.2M | −$2.9M | −$4.8M |
| Income taxes | $2.1M | $5.1M | −$321,000 | $457,000 | $30,000 | $238,000 | $58,000 | $44,000 | $102,000 | −$492,000 | $356,000 | $498,000 |
| Net income | $6.6M | $19.6M | −$5.0M | $260,000 | −$2.9M | −$507,000 | −$364,000 | −$1.7M | $4.6M | −$861,000 | −$2.8M | −$5.3M |
| EBITDA | $17.1M | $24.6M | −$5.5M | −$4.4M | −$2.4M | $220,000 | −$1.8M | −$1.3M | $5.2M | $3.0M | −$1.9M | −$941,000 |
| EPS (diluted) | $0.82 | $2.46 | −$0.62 | $0.03 | −$0.36 | −$0.06 | −$0.05 | −$0.21 | $0.56 | −$0.11 | −$0.35 | −$0.64 |
| Gross margin | −88.5% | −11.8% | −43.4% | −19.0% | 5.1% | 18.3% | 2.5% | 10.9% | 30.7% | 12.2% | −4.0% | −36.3% |
| Operating margin | −199.8% | −51.7% | −162.9% | −6.5% | −71.3% | −13.6% | −17.1% | −34.4% | 13.9% | −62.6% | −90.7% | −151.6% |
| Net margin | 174.8% | 235.9% | −100.2% | 2.2% | −57.0% | −4.9% | −4.1% | −20.3% | 17.2% | −20.2% | −77.5% | −150.2% |
Quarterly columns are labeled by the month the quarter ended. Figures in U.S. dollars as reported in STRS's financial statements (latest annual report filed March 27, 2026); data from EODHD. Sales, general & administrative expenses include sales and marketing.
STRS financial results
In fiscal year 2025 (ended December 31, 2025), Stratus Properties reported revenue of $29.9 million, down 44.8% from the year before. It had net income of $12.0 million (up 512.6%), a net profit margin of 40.1%. Diluted earnings per share came to $1.51. Over five years revenue grew at an average rate of −7.6% a year.
See the STRS stock overview for the latest quote and news, or the STRS chart for price history and technical indicators.
STRS income statement FAQ
What is Stratus Properties's annual revenue?
Stratus Properties reported total revenue of $29.9 million for fiscal year 2025, which ended on December 31, 2025. That was down 44.8% from $54.2 million the previous year.
Is Stratus Properties profitable?
Yes. Stratus Properties reported net income of $12.0 million in fiscal 2025, a net profit margin of 40.1%; its operating margin was −73.4%.
What is Stratus Properties's gross margin?
Stratus Properties's gross margin was −47.2% in fiscal 2025: for every $100 of revenue, Stratus Properties kept $-47 after the direct cost of its products and services.
How fast is Stratus Properties growing?
Revenue grew −7.6% a year on average over the last five fiscal years, from $44.3 million to $29.9 million.
What are Stratus Properties's earnings per share?
Stratus Properties earned $1.51 per diluted share in fiscal 2025, compared with $0.24 a year earlier.
When does Stratus Properties's fiscal year end?
Stratus Properties's fiscal year ends in December. The latest annual report covers the year ended December 31, 2025 and was filed on March 27, 2026.