Strawberry Fields REIT LLC (STRW) Income Statement
STRW 2025 at a glance
Fiscal year ended December 31, 2025 · U.S. dollarsSTRW revenue and net income
Where STRW's revenue goes
2025Each bar shows an amount and its share of revenue. STRW kept 4.9% of revenue as net income.
STRW profit margins
STRW growth rates
to 2025| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Revenue | +32.4% | +18.8% | +13.0% | — |
| Gross profit | −54.2% | −16.1% | −8.8% | — |
| Operating income | +37.5% | +19.1% | +16.3% | — |
| Net income | +85.0% | +59.9% | −8.6% | — |
| EPS (diluted) | +9.1% | +30.5% | — | — |
1-year change and average annual growth (CAGR) over 3, 5 and 10 fiscal years. "—" when a starting value was zero or negative.
STRW quarterly EPS vs estimates
Strawberry Fields REIT beat the analyst EPS estimate in 6 of the last 7 quarters. Next report: November 5, 2026 (estimate $0.37).
STRW income statement
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|
| Revenue | $155.0M | $117.1M | $99.8M | $92.5M | $87.0M | $84.1M | $81.3M |
| Cost of revenue | $108.4M | $15.2M | $15.0M | $13.7M | $11.4M | $10.3M | $10.6M |
| Gross profit | $46.6M | $101.8M | $84.8M | $78.9M | $75.7M | $73.7M | $70.7M |
| Research & development | — | — | $0 | $0 | — | — | — |
| Sales, general & admin | $8.6M | $9.9M | $9.0M | $7.7M | $8.1M | $6.2M | $6.2M |
| Total operating expenses | −$37.6M | $40.5M | $37.3M | $28.9M | $38.9M | $34.2M | $39.2M |
| Operating income | $84.3M | $61.3M | $47.4M | $49.9M | $36.8M | $39.5M | $31.5M |
| Interest income | $1.5M | $1.0M | $1.1M | $801,000 | $463,000 | $91,000 | $268,000 |
| Interest expense | $51.0M | $33.6M | $25.4M | $21.2M | $21.4M | $23.8M | $25.9M |
| Income before taxes | $33.3M | $26.5M | $20.2M | $16.4M | $8.4M | $11.9M | $4.6M |
| Income taxes | — | — | $17.7M | $34.4M | $24.5M | $24.0M | $26.2M |
| Net income | $7.6M | $4.1M | $2.5M | $1.9M | $5.3M | $11.9M | $4.6M |
| EBITDA | $130.5M | $94.3M | $75.2M | $66.4M | $57.6M | $62.6M | $58.0M |
| EPS (diluted) | $0.60 | $0.55 | $0.39 | $0.27 | $0.05 | — | — |
| Gross margin | 30.1% | 87.0% | 85.0% | 85.2% | 86.9% | 87.7% | 87.0% |
| Operating margin | 54.4% | 52.4% | 47.5% | 54.0% | 42.2% | 47.0% | 38.8% |
| Net margin | 4.9% | 3.5% | 2.5% | 2.0% | 6.1% | 14.1% | 5.7% |
| 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 | $40.0M | $40.0M | $40.1M | $39.7M | $37.9M | $37.3M | $30.5M | $29.5M | $29.3M | $27.8M | $25.5M | $25.8M |
| Cost of revenue | $4.1M | $26.9M | $27.9M | $3.9M | $15.2M | $3.8M | $4.0M | $3.7M | $3.6M | $3.9M | $3.4M | $3.9M |
| Gross profit | $35.9M | $13.1M | $12.2M | $35.8M | $22.6M | $33.5M | $26.5M | $25.8M | $25.6M | $23.9M | $22.0M | $21.9M |
| Sales, general & admin | $3.2M | $2.5M | $2.1M | $1.9M | $2.0M | $2.6M | $2.2M | $1.4M | $2.5M | $1.9M | $2.1M | $2.0M |
| Total operating expenses | $14.4M | −$9.0M | −$8.8M | $13.3M | $2.0M | $13.3M | $10.8M | $9.8M | $10.3M | $9.6M | $9.7M | $8.9M |
| Operating income | $21.5M | $22.1M | $21.0M | $22.5M | $20.6M | $20.2M | $15.7M | $16.0M | $15.3M | $14.3M | $12.4M | $13.1M |
| Interest income | $375,000 | $461,000 | $426,000 | $453,000 | $398,000 | $260,000 | $268,000 | $264,000 | $277,000 | $230,000 | $443,000 | $266,000 |
| Interest expense | $12.4M | $13.1M | $12.6M | $14.1M | $11.8M | $12.9M | $8.8M | $8.9M | $8.0M | $8.0M | $6.9M | $8.0M |
| Income before taxes | $8.9M | $9.5M | $8.8M | $8.9M | $8.7M | $7.0M | $6.6M | $6.9M | $7.0M | $6.0M | $5.7M | $4.7M |
| Income taxes | — | — | — | — | — | — | — | — | $6.1M | $5.2M | $5.0M | $12.1M |
| Net income | $2.2M | $2.3M | $2.0M | $2.0M | $2.0M | $1.6M | $1.5M | $944,000 | $938,000 | $746,000 | $714,000 | $589,000 |
| EBITDA | $32.8M | $34.1M | $32.9M | $34.2M | $31.8M | $31.2M | $24.5M | $24.2M | $23.4M | $22.2M | $20.6M | $12.1M |
| EPS (diluted) | $0.32 | $0.34 | $0.15 | $0.16 | $0.16 | $0.13 | $0.15 | $0.14 | $0.14 | $0.12 | $0.11 | $0.09 |
| Gross margin | 89.7% | 32.8% | 30.4% | 90.1% | 59.7% | 89.8% | 86.9% | 87.6% | 87.5% | 86.0% | 86.5% | 85.0% |
| Operating margin | 53.7% | 55.4% | 52.4% | 56.6% | 54.5% | 54.1% | 51.5% | 54.4% | 52.3% | 51.3% | 48.6% | 50.7% |
| Net margin | 5.4% | 5.7% | 5.0% | 5.1% | 5.2% | 4.2% | 4.8% | 3.2% | 3.2% | 2.7% | 2.8% | 2.3% |
Quarterly columns are labeled by the month the quarter ended. Figures in U.S. dollars as reported in STRW's financial statements (latest annual report filed March 19, 2026); data from EODHD. Sales, general & administrative expenses include sales and marketing.
STRW financial results
In fiscal year 2025 (ended December 31, 2025), Strawberry Fields REIT reported revenue of $155.0 million, up 32.4% from the year before. It had net income of $7.6 million (up 85.0%), a net profit margin of 4.9%. Diluted earnings per share came to $0.60. Over five years revenue grew at an average rate of 13.0% a year.
See the STRW stock overview for the latest quote and news, or the STRW chart for price history and technical indicators.
STRW income statement FAQ
What is Strawberry Fields REIT's annual revenue?
Strawberry Fields REIT reported total revenue of $155.0 million for fiscal year 2025, which ended on December 31, 2025. That was up 32.4% from $117.1 million the previous year.
Is Strawberry Fields REIT profitable?
Yes. Strawberry Fields REIT reported net income of $7.6 million in fiscal 2025, a net profit margin of 4.9%; its operating margin was 54.4%.
What is Strawberry Fields REIT's gross margin?
Strawberry Fields REIT's gross margin was 30.1% in fiscal 2025: for every $100 of revenue, Strawberry Fields REIT kept $30 after the direct cost of its products and services.
How fast is Strawberry Fields REIT growing?
Revenue grew 13.0% a year on average over the last five fiscal years, from $84.1 million to $155.0 million.
What are Strawberry Fields REIT's earnings per share?
Strawberry Fields REIT earned $0.60 per diluted share in fiscal 2025, compared with $0.55 a year earlier.
When will Strawberry Fields REIT report its next earnings?
Strawberry Fields REIT is expected to report results for the quarter ending September 30, 2026 on November 5, 2026 after the market closes.
When does Strawberry Fields REIT's fiscal year end?
Strawberry Fields REIT's fiscal year ends in December. The latest annual report covers the year ended December 31, 2025 and was filed on March 19, 2026.