Farmland Partners Inc. (FPI) Financial Statements
Industry: Real Estate Investment Trusts
In fiscal 2025, Farmland Partners reported revenue of $52.2M, down 10.4% from $58.2M the year before. Net income was $31.5M (a 60.5% net margin), or $0.61 per diluted share. Operating activities generated $17.4M of cash. At fiscal year end, Farmland Partners held $719.1M in total assets against $181.1M in total liabilities.
Open the full interactive Farmland Partners financials → Quarterly statements, key ratios, valuation history and price charts.
Farmland Partners Key Stats
| Share Price | $10.63 |
|---|---|
| Market Cap | $461.0M |
| P/E Ratio | 17.4 |
| Revenue YoY Growth | -10.4% |
| 52-Week Range | $8.93 – $12.71 |
| Shares Outstanding | 43.4 million (basic, 2026 Q2) |
Farmland Partners Income Statement
| FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|---|
| Revenue | $50.7M | $51.7M | $61.2M | $57.5M | $58.2M | $52.2M |
| Operating Income | $22.3M | $16.8M | $25.0M | — | — | — |
| Pre-Tax Income | $7.5M | $10.3M | $12.2M | $31.5M | $61.4M | $32.2M |
| Income Tax | $0 | $0 | $227,000 | -$166,000 | -$16,000 | -$15,000 |
| Net Income | $7.1M | $10.0M | $11.7M | $30.9M | $59.9M | $31.5M |
| Diluted EPS | -$0.18 | -$0.17 | $0.16 | $0.53 | $1.06 | $0.61 |
Farmland Partners Quarterly Results
| 2025 Q3 | 2025 Q4 | 2026 Q1 | 2026 Q2 | |
|---|---|---|---|---|
| Revenue | $11.3M | $20.7M | $10.1M | $9.4M |
| Net Income | $483,000 | $21.4M | $640,000 | $3.1M |
| Diluted EPS | — | $0.42 | $0.01 | $0.07 |
Farmland Partners Balance Sheet
| FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|---|
| Cash & Equivalents | — | — | $7.7M | — | — | — |
| Total Assets | $1.09B | $1.12B | $1.16B | $1.02B | $868.6M | $719.1M |
| Total Long-Term Debt | $508.2M | $513.4M | $439.5M | $363.1M | $204.6M | $161.6M |
| Total Liabilities | $524.8M | $528.9M | $455.9M | $391.2M | $272.0M | $181.1M |
| Shareholders' Equity | $305.9M | $472.1M | $594.0M | $528.8M | $494.6M | $467.4M |
Farmland Partners Cash Flow Statement
| FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|---|
| Cash From Operations | $19.7M | $7.9M | $17.1M | $12.9M | $16.1M | $17.4M |
| Cash From Investing | $18.7M | -$18.8M | -$60.4M | $158.5M | $268.8M | $63.4M |
| Cash From Financing | -$23.7M | $13.9M | $20.8M | -$173.5M | -$211.9M | -$150.0M |
Figures from Farmland Partners' 10-K and 10-Q filings with the SEC, as of 2026-10-14. Fiscal years follow the company's own reporting calendar. EPS and share counts are adjusted for later stock splits. See the full Farmland Partners financials page for every line item.
Farmland Partners Company Profile
| Ticker | FPI |
|---|---|
| Exchange | NYSE |
| Industry | Real Estate Investment Trusts |
| Headquarters | Denver, Colorado |
| Incorporated in | Maryland |
| Fiscal Year End | December 31 |
| SEC Filer Category | Non-accelerated filer, smaller reporting company |
| SEC CIK | 0001591670 |
Frequently Asked Questions
What was Farmland Partners' revenue in fiscal 2025?
Farmland Partners (FPI) reported revenue of $52.2M for fiscal 2025.
What is Farmland Partners' annual revenue history?
Farmland Partners' annual revenue by fiscal year: 2020: $50.7M; 2021: $51.7M; 2022: $61.2M; 2023: $57.5M; 2024: $58.2M; 2025: $52.2M.
What was Farmland Partners' net income in fiscal 2025?
Farmland Partners reported net income of $31.5M for fiscal 2025.
What was Farmland Partners' earnings per share (EPS) in fiscal 2025?
Farmland Partners' diluted EPS was $0.61 for fiscal 2025 (adjusted for any later stock splits).
What was Farmland Partners' revenue last quarter?
In its most recent reported quarter (2026 Q2), Farmland Partners reported revenue of $9.4M.
How much debt does Farmland Partners have?
Farmland Partners reported $161.6M of long-term debt, including the current portion, at the end of fiscal 2025.
How many shares of Farmland Partners are outstanding?
Farmland Partners reported a weighted average of 43.4 million basic shares outstanding in 2026 Q2.
What is Farmland Partners' market cap?
Based on its latest closing price, Farmland Partners (FPI) has a market capitalization of about $461.0M.
When does Farmland Partners' fiscal year end?
Farmland Partners' fiscal year end, as registered with the SEC, is December 31.
Where is Farmland Partners headquartered?
Farmland Partners lists its business address in Denver, Colorado in its SEC filings.