Orion Properties Inc. (ONL) Financial Statements
Industry: Real Estate Investment Trusts
In fiscal 2025, Orion Properties reported revenue of $147.6M, down 10.4% from $164.9M the year before. Net income was -$139.3M (a -94.4% net margin), or -$2.48 per diluted share. Gross margin was -65.4% and operating margin was -79.1%. Operating activities generated $23.6M of cash. At fiscal year end, Orion Properties held $1.17B in total assets against $546.0M in total liabilities, including $22.4M of cash and equivalents.
Open the full interactive Orion Properties financials → Quarterly statements, key ratios, valuation history and price charts.
Orion Properties Key Stats
| Share Price | $2.10 |
|---|---|
| Market Cap | $122.0M |
| Dividend Yield | 7.35% |
| Revenue YoY Growth | -10.4% |
| 52-Week Range | $1.84 – $2.96 |
| Shares Outstanding | 56.9 million (basic, 2026 Q2) |
Orion Properties Income Statement
| FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|
| Revenue | $79.7M | $208.1M | $195.0M | $164.9M | $147.6M |
| Cost of Goods Sold | $118.9M | $276.8M | $222.2M | $234.2M | $244.2M |
| Gross Profit | -$39.2M | -$68.7M | -$27.2M | -$69.3M | -$96.5M |
| Operating Income | -$43.0M | -$84.6M | -$45.9M | -$89.4M | -$116.8M |
| Pre-Tax Income | -$47.3M | -$97.3M | -$56.9M | -$102.8M | -$139.0M |
| Income Tax | $157,000 | $212,000 | $456,000 | $214,000 | $259,000 |
| Net Income | -$47.5M | -$97.5M | -$57.3M | -$103.0M | -$139.3M |
| Diluted EPS | -$0.84 | -$1.72 | -$1.02 | -$1.84 | -$2.48 |
Orion Properties Quarterly Results
| 2025 Q3 | 2025 Q4 | 2026 Q1 | 2026 Q2 | |
|---|---|---|---|---|
| Revenue | $37.1M | $35.2M | $36.3M | $34.3M |
| Net Income | -$69.0M | -$35.8M | -$13.6M | $24.6M |
| Diluted EPS | -$1.23 | -$0.64 | -$0.24 | $0.42 |
Orion Properties Balance Sheet
| FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|
| Cash & Equivalents | $29.3M | $20.6M | $22.5M | $15.6M | $22.4M |
| Total Assets | $1.76B | $1.57B | $1.42B | $1.34B | $1.17B |
| Total Long-Term Debt | $616.8M | $530.0M | $471.0M | $492.0M | $465.0M |
| Total Liabilities | $671.2M | $595.2M | $536.9M | $571.2M | $546.0M |
| Shareholders' Equity | $1.09B | $974.5M | $885.6M | $763.9M | $623.2M |
Orion Properties Cash Flow Statement
| FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|
| Cash From Operations | $56.1M | $114.2M | $89.1M | $54.3M | $23.6M |
| Cash From Investing | -$12.3M | $22.5M | $5.3M | -$51.3M | $16.8M |
| Cash From Financing | -$18.4M | -$110.7M | -$92.5M | -$3.0M | -$36.9M |
| Dividends Paid | — | — | — | — | $9.0M |
Figures from Orion Properties' 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 Orion Properties financials page for every line item.
Orion Properties Company Profile
| Ticker | ONL |
|---|---|
| Exchange | NYSE |
| Industry | Real Estate Investment Trusts |
| Headquarters | Phoenix, Arizona |
| Incorporated in | Maryland |
| Fiscal Year End | December 31 |
| SEC Filer Category | Accelerated filer, smaller reporting company, emerging growth company |
| SEC CIK | 0001873923 |
Frequently Asked Questions
What was Orion Properties' revenue in fiscal 2025?
Orion Properties (ONL) reported revenue of $147.6M for fiscal 2025.
What is Orion Properties' annual revenue history?
Orion Properties' annual revenue by fiscal year: 2021: $79.7M; 2022: $208.1M; 2023: $195.0M; 2024: $164.9M; 2025: $147.6M.
What was Orion Properties' net income in fiscal 2025?
Orion Properties reported net income of -$139.3M for fiscal 2025.
What was Orion Properties' earnings per share (EPS) in fiscal 2025?
Orion Properties' diluted EPS was -$2.48 for fiscal 2025 (adjusted for any later stock splits).
What was Orion Properties' revenue last quarter?
In its most recent reported quarter (2026 Q2), Orion Properties reported revenue of $34.3M.
How much debt does Orion Properties have?
Orion Properties reported $465.0M of long-term debt, including the current portion, at the end of fiscal 2025.
How many shares of Orion Properties are outstanding?
Orion Properties reported a weighted average of 56.9 million basic shares outstanding in 2026 Q2.
What is Orion Properties' market cap?
Based on its latest closing price, Orion Properties (ONL) has a market capitalization of about $122.0M.
When does Orion Properties' fiscal year end?
Orion Properties' fiscal year end, as registered with the SEC, is December 31.
Where is Orion Properties headquartered?
Orion Properties lists its business address in Phoenix, Arizona in its SEC filings.