Gladstone Commercial Corporation (GOODN) Financial Statements

Income statement

Metric	TTM	2025	2024	2023	2022
Revenue
Total Revenue	170.2M	161.3M	149.4M	147.6M	149.0M
Cost of Revenue	143.2M	151.8M	31.5M	32.2M	33.2M
Gross Profit	27.0M	9.6M	117.9M	115.3M	115.8M
Operating Expenses
R&D Expense	—	—	—	—	—
SG&A Expense	6.0M	6.6M	6.4M	6.7M	5.6M
General & Admin Expense	6.0M	6.6M	6.4M	6.7M	5.6M
Selling & Marketing Expense	—	—	—	—	—
Other Expenses	(45.5M)	(57.0M)	60.3M	57.9M	65.4M
Total Operating Expenses	(39.5M)	(50.4M)	66.7M	64.6M	71.0M
Cost and Expenses	103.7M	101.4M	98.2M	96.8M	104.2M
Operating Income (EBIT)	66.5M	60.0M	51.1M	50.8M	44.8M
Non-Operating
Interest Income	—	500.0K	—	—	—
Interest Expense	45.5M	41.9M	37.4M	37.3M	32.5M
Net Interest Income	(45.5M)	(41.4M)	(37.4M)	(37.3M)	(32.5M)
Other Non-Op Income/Expense	(41.7M)	(40.7M)	(27.1M)	(45.9M)	(34.0M)
Non-Operating Income (excl Interest)	57.3M	(1.2M)	(10.3M)	8.5M	1.6M
EBT (Pre-Tax Income)	24.8M	19.3M	24.0M	4.9M	10.8M
Income Tax Expense	81.0K	—	—	—	—
Bottom Line
Net Income	24.8M	19.3M	24.0M	5.0M	10.8M
Earnings from Cont. Ops	24.8M	19.3M	24.0M	4.9M	10.8M
Earnings from Discont. Ops	—	—	—	—	—
Bottom Line Net Income	25.0M	18.9M	11.1M	(7.7M)	(1.5M)
Per Share
Basic EPS	$0.53	$0.41	$0.26	($0.19)	($0.04)
Diluted EPS	$0.53	$0.41	$0.26	($0.19)	($0.04)
Revenue Per Share	$3.60	$3.42	$3.58	$3.69	$3.80
Shares
Basic Shares Outstanding	47.2M	47.2M	41.8M	39.9M	39.3M
Diluted Shares Outstanding	47.2M	47.2M	41.8M	39.9M	39.3M
Profitability Metrics
EBITDA	69.7M	119.4M	117.2M	100.1M	103.4M
D&A	60.5M	58.2M	55.8M	57.9M	60.2M
EBIT	9.2M	61.2M	61.4M	42.3M	43.2M

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