GLADSTONE LAND Corp (LAND) Financial Statements
Industry: Real Estate Investment Trusts
In fiscal 2025, GLADSTONE LAND reported revenue of $88.3M, up 3.7% from $85.2M the year before. Net income was $13.5M (a 15.3% net margin), or -$0.29 per diluted share. Gross margin was 89.1% and operating margin was 11.9%. Operating activities generated $7.0M of cash. At fiscal year end, GLADSTONE LAND held $1.24B in total assets against $568.9M in total liabilities, including $27.2M of cash and equivalents.
Open the full interactive GLADSTONE LAND financials → Quarterly statements, key ratios, valuation history and price charts.
GLADSTONE LAND Key Stats
| Share Price | $9.67 |
|---|---|
| Market Cap | $415.0M |
| Revenue YoY Growth | +3.7% |
| 52-Week Range | $7.97 – $12.06 |
| Shares Outstanding | 42.9 million (basic, 2026 Q2) |
GLADSTONE LAND Income Statement
| FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|---|
| Revenue | $57.0M | $75.3M | $89.2M | $90.4M | $85.2M | $88.3M |
| Cost of Goods Sold | — | — | — | — | — | $9.6M |
| Gross Profit | — | — | — | — | — | $78.8M |
| Operating Income | — | — | — | — | — | $10.5M |
| Pre-Tax Income | $4.9M | $3.5M | $4.7M | $14.6M | $13.3M | $13.5M |
| Net Income | $4.9M | $3.5M | $4.7M | $14.6M | $13.3M | $13.5M |
| Diluted EPS | -$0.20 | -$0.29 | -$0.43 | -$0.28 | -$0.29 | -$0.29 |
GLADSTONE LAND Quarterly Results
| 2025 Q3 | 2025 Q4 | 2026 Q1 | 2026 Q2 | |
|---|---|---|---|---|
| Revenue | $17.8M | $41.5M | $16.6M | $12.7M |
| Net Income | $2.1M | $4.2M | -$4.3M | -$8.5M |
| Diluted EPS | -$0.11 | $0.12 | -$0.24 | -$0.32 |
GLADSTONE LAND Balance Sheet
| FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|---|
| Cash & Equivalents | $9.2M | $16.7M | $61.1M | $18.6M | $18.3M | $27.2M |
| Total Assets | $1.07B | $1.35B | $1.46B | $1.39B | $1.31B | $1.24B |
| Total Long-Term Debt | $624.1M | $668.0M | $626.5M | $574.1M | $527.5M | $473.6M |
| Total Liabilities | $683.5M | $762.5M | $725.9M | $667.7M | $625.0M | $568.9M |
| Shareholders' Equity | $383.8M | $586.8M | $731.4M | $719.6M | $687.2M | $670.3M |
GLADSTONE LAND Cash Flow Statement
| FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|---|
| Cash From Operations | $25.0M | $32.4M | $43.8M | $40.1M | $29.5M | $7.0M |
| Cash From Investing | -$272.9M | -$295.0M | -$85.5M | -$3.8M | $63.3M | $84.1M |
| Cash From Financing | $243.4M | $270.1M | $86.1M | -$78.9M | -$93.2M | -$82.2M |
Figures from GLADSTONE LAND's 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 GLADSTONE LAND financials page for every line item.
GLADSTONE LAND Company Profile
| Ticker | LAND |
|---|---|
| Exchange | Nasdaq |
| Industry | Real Estate Investment Trusts |
| Headquarters | Mclean, Virginia |
| Incorporated in | Maryland |
| Fiscal Year End | December 31 |
| SEC Filer Category | Non-accelerated filer, smaller reporting company |
| SEC CIK | 0001495240 |
Frequently Asked Questions
What was GLADSTONE LAND's revenue in fiscal 2025?
GLADSTONE LAND (LAND) reported revenue of $88.3M for fiscal 2025.
What is GLADSTONE LAND's annual revenue history?
GLADSTONE LAND's annual revenue by fiscal year: 2020: $57.0M; 2021: $75.3M; 2022: $89.2M; 2023: $90.4M; 2024: $85.2M; 2025: $88.3M.
What was GLADSTONE LAND's net income in fiscal 2025?
GLADSTONE LAND reported net income of $13.5M for fiscal 2025.
What was GLADSTONE LAND's earnings per share (EPS) in fiscal 2025?
GLADSTONE LAND's diluted EPS was -$0.29 for fiscal 2025 (adjusted for any later stock splits).
What was GLADSTONE LAND's revenue last quarter?
In its most recent reported quarter (2026 Q2), GLADSTONE LAND reported revenue of $12.7M.
How much debt does GLADSTONE LAND have?
GLADSTONE LAND reported $473.6M of long-term debt, including the current portion, at the end of fiscal 2025.
How many shares of GLADSTONE LAND are outstanding?
GLADSTONE LAND reported a weighted average of 42.9 million basic shares outstanding in 2026 Q2.
What is GLADSTONE LAND's market cap?
Based on its latest closing price, GLADSTONE LAND (LAND) has a market capitalization of about $415.0M.
When does GLADSTONE LAND's fiscal year end?
GLADSTONE LAND's fiscal year end, as registered with the SEC, is December 31.
Where is GLADSTONE LAND headquartered?
GLADSTONE LAND lists its business address in Mclean, Virginia in its SEC filings.