Terra Property Trust, Inc. (TPTA) Financial Statements
Industry: Real Estate Investment Trusts
In fiscal 2025, Terra Property Trust reported revenue of $35.4M, down 28.7% from $49.7M the year before. Net income was -$27.8M (a -78.5% net margin), or -$1.14 per diluted share. Gross margin was -3.7% and operating margin was -3.7%. Operating activities generated $1.9M of cash. At fiscal year end, Terra Property Trust held $351.5M in total assets against $205.1M in total liabilities, including $33.2M of cash and equivalents.
Open the full interactive Terra Property Trust financials → Quarterly statements, key ratios, valuation history and price charts.
Terra Property Trust Key Stats
| Share Price | $13.19 |
|---|---|
| Market Cap | $321.0M |
| Revenue YoY Growth | -28.7% |
| 52-Week Range | $13.19 – $21.13 |
| Shares Outstanding | 24.3 million (basic, 2026 Q2) |
Terra Property Trust Income Statement
| FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|---|
| Revenue | $50.3M | $46.7M | $56.6M | $67.9M | $49.7M | $35.4M |
| Cost of Goods Sold | — | — | $45.8M | $92.4M | $45.8M | $36.8M |
| Gross Profit | — | — | $10.8M | -$24.5M | $3.9M | -$1.3M |
| Operating Income | $23.7M | $7.8M | $10.8M | -$24.5M | $3.9M | -$1.3M |
| Pre-Tax Income | $5.3M | -$12.4M | -$7.0M | -$56.9M | -$37.2M | -$27.4M |
| Income Tax | — | — | — | — | — | $432,602 |
| Net Income | $5.3M | -$12.4M | -$7.0M | -$56.9M | -$37.2M | -$27.8M |
| Diluted EPS | $0.28 | -$0.63 | -$0.34 | -$2.34 | -$1.53 | -$1.14 |
Terra Property Trust Quarterly Results
| 2025 Q3 | 2025 Q4 | 2026 Q1 | 2026 Q2 | |
|---|---|---|---|---|
| Revenue | $7.3M | $7.1M | $3.2M | $4.6M |
| Net Income | -$6.7M | -$10.6M | -$15.0M | -$3.9M |
| Diluted EPS | -$0.28 | -$0.44 | -$0.62 | -$0.16 |
Terra Property Trust Balance Sheet
| FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|---|
| Cash & Equivalents | $18.6M | $35.8M | $28.6M | $10.7M | $8.6M | $33.2M |
| Total Assets | $588.5M | $693.5M | $813.3M | $670.7M | $542.8M | $351.5M |
| Total Long-Term Debt | $151.6M | $294.0M | $438.8M | $408.9M | $326.1M | $178.9M |
| Total Liabilities | $285.2M | $419.7M | $491.5M | $429.1M | $357.1M | $205.1M |
| Shareholders' Equity | $303.3M | $273.8M | $321.9M | $241.7M | $185.7M | $146.5M |
Terra Property Trust Cash Flow Statement
| FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|---|
| Cash From Operations | $7.9M | $4.1M | $403,768 | $8.6M | -$3.3M | $1.9M |
| Cash From Investing | -$78.2M | -$87.7M | -$49.1M | -$10.0M | $101.6M | $180.6M |
| Cash From Financing | $52.7M | — | $34.1M | -$15.5M | -$99.0M | -$163.6M |
Figures from Terra Property Trust'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 Terra Property Trust financials page for every line item.
Terra Property Trust Company Profile
| Ticker | TPTA |
|---|---|
| Exchange | NYSE |
| Industry | Real Estate Investment Trusts |
| Headquarters | New York, New York |
| Incorporated in | Maryland |
| Fiscal Year End | December 31 |
| SEC Filer Category | Non-accelerated filer, smaller reporting company, emerging growth company |
| SEC CIK | 0001674356 |
Frequently Asked Questions
What was Terra Property Trust's revenue in fiscal 2025?
Terra Property Trust (TPTA) reported revenue of $35.4M for fiscal 2025.
What is Terra Property Trust's annual revenue history?
Terra Property Trust's annual revenue by fiscal year: 2020: $50.3M; 2021: $46.7M; 2022: $56.6M; 2023: $67.9M; 2024: $49.7M; 2025: $35.4M.
What was Terra Property Trust's net income in fiscal 2025?
Terra Property Trust reported net income of -$27.8M for fiscal 2025.
What was Terra Property Trust's earnings per share (EPS) in fiscal 2025?
Terra Property Trust's diluted EPS was -$1.14 for fiscal 2025 (adjusted for any later stock splits).
What was Terra Property Trust's revenue last quarter?
In its most recent reported quarter (2026 Q2), Terra Property Trust reported revenue of $4.6M.
How much debt does Terra Property Trust have?
Terra Property Trust reported $178.9M of long-term debt, including the current portion, at the end of fiscal 2025.
How many shares of Terra Property Trust are outstanding?
Terra Property Trust reported a weighted average of 24.3 million basic shares outstanding in 2026 Q2.
What is Terra Property Trust's market cap?
Based on its latest closing price, Terra Property Trust (TPTA) has a market capitalization of about $321.0M.
When does Terra Property Trust's fiscal year end?
Terra Property Trust's fiscal year end, as registered with the SEC, is December 31.
Where is Terra Property Trust headquartered?
Terra Property Trust lists its business address in New York, New York in its SEC filings.