American Realty Investors, Inc. (ARL) Financial Statements

Income statement

Metric	TTM	2025	2024	2023	2022
Revenue
Total Revenue	51.1M	50.0M	47.3M	50.5M	37.5M
Cost of Revenue	71.3M	62.6M	27.1M	27.9M	18.3M
Gross Profit	(20.2M)	(12.5M)	20.3M	22.6M	19.2M
Operating Expenses
R&D Expense	—	—	—	—	—
SG&A Expense	420.0K	6.5M	14.6M	20.2M	18.8M
General & Admin Expense	420.0K	6.5M	14.6M	20.2M	18.8M
Selling & Marketing Expense	—	—	—	—	—
Other Expenses	(11.3M)	(12.6M)	12.3M	13.6M	9.7M
Total Operating Expenses	(10.9M)	(6.1M)	26.9M	33.8M	28.5M
Cost and Expenses	60.4M	56.4M	54.0M	61.7M	46.8M
Operating Income (EBIT)	(9.3M)	(6.4M)	(6.6M)	(11.2M)	(9.3M)
Non-Operating
Interest Income	13.9M	14.6M	20.0M	26.8M	26.6M
Interest Expense	9.0M	6.8M	7.8M	9.5M	17.5M
Net Interest Income	4.9M	7.8M	12.1M	17.3M	9.0M
Other Non-Op Income/Expense	21.6M	27.6M	(10.4M)	17.9M	582.7M
Non-Operating Income (excl Interest)	(30.6M)	(34.5M)	2.6M	(27.4M)	(600.2M)
EBT (Pre-Tax Income)	12.3M	21.2M	(17.0M)	6.7M	573.4M
Income Tax Expense	2.4M	2.7M	(3.6M)	1.5M	98.1M
Bottom Line
Net Income	8.3M	15.7M	(14.7M)	4.0M	373.3M
Earnings from Cont. Ops	10.0M	18.5M	(13.4M)	5.3M	475.3M
Earnings from Discont. Ops	—	—	—	—	—
Bottom Line Net Income	8.3M	15.7M	(14.7M)	4.0M	373.3M
Per Share
Basic EPS	$0.52	$0.97	($0.91)	$0.25	$23.11
Diluted EPS	$0.52	$0.97	($0.91)	$0.25	$23.11
Revenue Per Share	$3.16	$3.10	$2.93	$3.13	$2.32
Shares
Basic Shares Outstanding	16.2M	16.2M	16.2M	16.2M	16.2M
Diluted Shares Outstanding	16.2M	16.2M	16.2M	16.2M	16.2M
Profitability Metrics
EBITDA	35.2M	40.6M	3.1M	30.8M	604.1M
D&A	13.9M	12.6M	12.3M	14.6M	13.1M
EBIT	21.3M	28.0M	(9.2M)	16.2M	591.0M

As reported, in the filing currency · TTM sums the four latest quarters; MRQ is the latest quarter · Negatives in parentheses; a dash is a line the filing does not carry · Data as of Jun 1, 2026