Farmland Partners Inc. (FPI) Financial Statements

Income statement

Metric	TTM	2025	2024	2023	2022
Revenue
Total Revenue	53.3M	52.2M	58.2M	57.5M	61.2M
Cost of Revenue	9.2M	18.6M	11.3M	13.4M	14.2M
Gross Profit	44.0M	33.6M	46.9M	44.1M	47.1M
Operating Expenses
R&D Expense	—	—	—	—	—
SG&A Expense	10.7M	11.7M	15.7M	12.6M	14.9M
General & Admin Expense	10.7M	11.7M	15.7M	12.6M	14.9M
Selling & Marketing Expense	—	—	—	—	—
Other Expenses	7.1M	(1.2M)	5.7M	7.6M	7.2M
Total Operating Expenses	17.8M	10.5M	21.4M	20.2M	22.1M
Cost and Expenses	27.0M	29.1M	32.7M	33.6M	36.2M
Operating Income (EBIT)	26.2M	23.1M	25.5M	23.9M	25.0M
Non-Operating
Interest Income	—	—	—	—	—
Interest Expense	10.4M	9.6M	18.9M	22.7M	16.1M
Net Interest Income	(10.4M)	(9.6M)	(18.9M)	(22.7M)	(16.1M)
Other Non-Op Income/Expense	(149.0K)	9.1M	35.9M	7.7M	(12.8M)
Non-Operating Income (excl Interest)	(10.2M)	(18.7M)	(54.8M)	(30.3M)	(3.4M)
EBT (Pre-Tax Income)	26.1M	32.2M	61.4M	31.5M	12.2M
Income Tax Expense	634.0K	(15.0K)	(16.0K)	(166.0K)	227.0K
Bottom Line
Net Income	25.7M	31.5M	59.9M	30.9M	11.7M
Earnings from Cont. Ops	25.4M	32.2M	61.5M	31.7M	12.0M
Earnings from Discont. Ops	—	—	—	—	—
Bottom Line Net Income	26.2M	31.5M	56.4M	27.8M	8.4M
Per Share
Basic EPS	$0.60	$0.71	$1.19	$0.55	$0.16
Diluted EPS	$0.54	$0.62	$1.06	$0.48	$0.16
Revenue Per Share	$1.23	$1.18	$1.22	$1.14	$1.20
Shares
Basic Shares Outstanding	43.4M	44.2M	47.5M	50.2M	51.0M
Diluted Shares Outstanding	43.4M	51.3M	56.0M	58.3M	51.0M
Profitability Metrics
EBITDA	40.1M	46.0M	85.9M	61.7M	35.3M
D&A	3.7M	4.2M	5.6M	7.5M	7.0M
EBIT	36.4M	41.8M	80.3M	54.2M	28.3M

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