Agree Rlty Corp Financials
This page shows Agree Rlty Corp (ADC) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 17 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).
Financial Health Signals
Based on FY2025 annual data. Scores normalized against common benchmarks. How we calculate these scores
Agree Rlty Corp has an operating margin of 47.4%, meaning the company retains $47 of operating profit per $100 of revenue. This strong profitability earns a score of 100/100, reflecting efficient cost management and pricing power. This is down from 49.0% the prior year.
Agree Rlty Corp's revenue declined 99.9% year-over-year, from $617.1M to $718K. This contraction results in a growth score of 0/100.
Agree Rlty Corp carries a low D/E ratio of 0.01, meaning only $0.01 of long-term debt for every $1 of shareholders' equity. This conservative leverage earns a score of 100/100, indicating a strong balance sheet with room for future borrowing.
Agree Rlty Corp generates a 3.3% ROE, indicating limited profit relative to shareholders' investment. This results in a returns score of 13/100. This is down from 3.4% the prior year.
Agree Rlty Corp passes 4 of 9 financial strength tests. 3 of 4 profitability signals pass, no leverage/liquidity signals pass (rising debt, declining liquidity, or share dilution), both operating efficiency signals pass.
For every $1 of reported earnings, Agree Rlty Corp generates $2.47 in operating cash flow ($504K OCF vs $204K net income). This indicates profits are well-supported by actual cash generation, not accounting adjustments.
Agree Rlty Corp earns $2.5 in operating income for every $1 of interest expense ($340K vs $135K). This adequate coverage means the company can meet its interest obligations, but has limited cushion if earnings fall.
Key Financial Metrics
Agree Rlty Corp generated $718K in revenue in fiscal year 2025. This represents a decrease of 99.9% from the prior year.
Agree Rlty Corp's EBITDA was $580K in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization. This represents a decrease of 99.9% from the prior year.
Agree Rlty Corp reported $204K in net income in fiscal year 2025. This represents a decrease of 99.9% from the prior year.
Agree Rlty Corp earned $1.77 per diluted share (EPS) in fiscal year 2025. This represents a decrease of 0.6% from the prior year.
Agree Rlty Corp held $16K in cash against $42K in long-term debt as of fiscal year 2025.
Agree Rlty Corp paid $2.92 per share in dividends in fiscal year 2025. This represents a decrease of 2.7% from the prior year.
Agree Rlty Corp had 120M shares outstanding in fiscal year 2025. This represents an increase of 11.9% from the prior year.
Agree Rlty Corp's operating margin was 47.4% in fiscal year 2025, reflecting core business profitability. This is down 1.6 percentage points from the prior year.
Agree Rlty Corp's net profit margin was 28.4% in fiscal year 2025, showing the share of revenue converted to profit. This is down 2.2 percentage points from the prior year.
Agree Rlty Corp's ROE was 3.3% in fiscal year 2025, measuring profit generated per dollar of shareholder equity. This is down 0.2 percentage points from the prior year.
Agree Rlty Corp spent $4K on share buybacks in fiscal year 2025, returning capital to shareholders by reducing shares outstanding. This represents a decrease of 99.8% from the prior year.
ADC Income Statement
| Metric | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $190.5M+4.0% | $183.2M+4.4% | $175.5M+3.8% | $169.2M+5.2% | $160.7M+4.1% | $154.3M+1.2% | $152.6M+2.1% | $149.5M |
| Cost of Revenue | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Gross Profit | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| R&D Expenses | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| SG&A Expenses | $11.1M+1.7% | $10.9M-3.9% | $11.3M+5.2% | $10.8M+21.1% | $8.9M-2.4% | $9.1M-6.1% | $9.7M+2.0% | $9.5M |
| Operating Income | $92.4M+5.9% | $87.3M+6.4% | $82.0M+4.2% | $78.7M+4.5% | $75.3M+1.2% | $74.4M-9.2% | $82.0M+16.3% | $70.5M |
| Interest Expense | $36.4M+3.3% | $35.2M+9.1% | $32.3M+4.9% | $30.8M+5.7% | $29.1M+0.5% | $28.9M+9.6% | $26.4M+8.0% | $24.5M |
| Income Tax | $260K+15.6% | $225K-47.1% | $425K-48.5% | $825K-23.3% | $1.1M-0.1% | $1.1M+7.3% | $1.0M-12.6% | $1.1M |
| Net Income | $56.0M+7.5% | $52.1M+5.9% | $49.2M+4.7% | $47.0M+3.9% | $45.2M+1.9% | $44.4M-18.9% | $54.7M+22.0% | $44.9M |
| EPS (Diluted) | $0.47+4.4% | $0.45+4.7% | $0.43+2.4% | $0.42+2.4% | $0.41-2.4% | $0.42-19.2% | $0.52+20.9% | $0.43 |
ADC Balance Sheet
| Metric | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 |
|---|---|---|---|---|---|---|---|---|
| Total Assets | $9.8B+3.3% | $9.5B+4.4% | $9.1B+3.2% | $8.8B+3.7% | $8.5B+3.7% | $8.2B+2.3% | $8.0B+1.7% | $7.9B |
| Current Assets | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Cash & Equivalents | $16.3M+19.0% | $13.7M+135.2% | $5.8M-26.4% | $7.9M+23.7% | $6.4M-51.7% | $13.2M+37.3% | $9.6M+52.7% | $6.3M |
| Inventory | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Accounts Receivable | $122.5M+4.1% | $117.6M+8.8% | $108.1M+2.5% | $105.5M-0.9% | $106.4M+8.4% | $98.2M+3.5% | $94.9M+3.9% | $91.3M |
| Goodwill | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Total Liabilities | $3.5B-2.3% | $3.6B+5.3% | $3.4B+8.7% | $3.2B+6.0% | $3.0B+3.0% | $2.9B+1.8% | $2.8B+5.5% | $2.7B |
| Current Liabilities | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Long-Term Debt | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Total Equity | $6.3B+6.8% | $5.9B+3.9% | $5.7B+0.2% | $5.6B+2.4% | $5.5B+4.1% | $5.3B+2.6% | $5.2B-0.3% | $5.2B |
| Retained Earnings | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
ADC Cash Flow Statement
| Metric | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 |
|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | $111.3M-24.0% | $146.5M+22.5% | $119.6M-5.5% | $126.7M+38.6% | $91.4M-28.9% | $128.6M+14.0% | $112.8M+13.8% | $99.2M |
| Capital Expenditures | N/A | N/A | N/A | N/A | $343.1M+58.8% | $216.0M+15.1% | $187.6M+46.2% | $128.3M |
| Free Cash Flow | N/A | N/A | N/A | N/A | -$251.7M-188.0% | -$87.4M-16.8% | -$74.8M-156.6% | -$29.1M |
| Investing Cash Flow | -$373.0M+16.0% | -$444.3M-28.8% | -$345.0M+9.4% | -$380.9M-9.3% | -$348.3M-48.2% | -$235.0M-30.5% | -$180.1M-47.7% | -$122.0M |
| Financing Cash Flow | $265.4M-13.2% | $305.8M+37.1% | $223.1M-13.9% | $259.0M+3.5% | $250.1M+162.3% | $95.4M+25.3% | $76.1M+220.7% | $23.7M |
| Dividends Paid | $89.5M+5.1% | $85.2M+1.2% | $84.2M+2.8% | $81.9M+4.6% | $78.3M+3.7% | $75.5M+0.4% | $75.2M+0.6% | $74.7M |
| Share Buybacks | $25K-59.0% | $61K+577.8% | $9K-99.8% | $3.6M+19084.2% | $19K-73.6% | $72K+928.6% | $7K-99.7% | $2.2M |
ADC Financial Ratios
| Metric | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 |
|---|---|---|---|---|---|---|---|---|
| Gross Margin | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Operating Margin | 48.5%+0.9pp | 47.6%+0.9pp | 46.7%+0.2pp | 46.5%-0.4pp | 46.9%-1.4pp | 48.2%-5.5pp | 53.7%+6.6pp | 47.2% |
| Net Margin | 29.4%+1.0pp | 28.4%+0.4pp | 28.0%+0.3pp | 27.8%-0.4pp | 28.1%-0.6pp | 28.7%-7.1pp | 35.9%+5.8pp | 30.0% |
| Return on Equity | 0.9%0.0pp | 0.9%+0.0pp | 0.9%+0.0pp | 0.8%0.0pp | 0.8%-0.0pp | 0.8%-0.2pp | 1.1%+0.2pp | 0.9% |
| Return on Assets | 0.6%+0.0pp | 0.5%0.0pp | 0.5%+0.0pp | 0.5%0.0pp | 0.5%-0.0pp | 0.5%-0.1pp | 0.7%+0.1pp | 0.6% |
| Current Ratio | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Debt-to-Equity | 0.56-0.1 | 0.610.0 | 0.61+0.0 | 0.56+0.0 | 0.540.0 | 0.550.0 | 0.55+0.0 | 0.52 |
| FCF Margin | N/A | N/A | N/A | N/A | -156.6%-100.0pp | -56.6%-7.6pp | -49.0%-29.5pp | -19.5% |
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Frequently Asked Questions
What is Agree Rlty Corp's annual revenue?
Agree Rlty Corp (ADC) reported $718K in total revenue for fiscal year 2025. This represents a -99.9% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.
How fast is Agree Rlty Corp's revenue growing?
Agree Rlty Corp (ADC) revenue declined by 99.9% year-over-year, from $617.1M to $718K in fiscal year 2025.
Is Agree Rlty Corp profitable?
Yes, Agree Rlty Corp (ADC) reported a net income of $204K in fiscal year 2025, with a net profit margin of 28.4%.
What is Agree Rlty Corp's earnings per share (EPS)?
Agree Rlty Corp (ADC) reported diluted earnings per share of $1.77 for fiscal year 2025. This represents a -0.6% change compared to the previous fiscal year. EPS represents the portion of a company's net income allocated to each outstanding share of common stock and is widely used to evaluate profitability on a per-share basis.
What is Agree Rlty Corp's EBITDA?
Agree Rlty Corp (ADC) had EBITDA of $580K in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization.
How much debt does Agree Rlty Corp have?
As of fiscal year 2025, Agree Rlty Corp (ADC) had $16K in cash and equivalents against $42K in long-term debt.
What is Agree Rlty Corp's operating margin?
Agree Rlty Corp (ADC) had an operating margin of 47.4% in fiscal year 2025, reflecting the profitability of core business operations before interest and taxes.
What is Agree Rlty Corp's net profit margin?
Agree Rlty Corp (ADC) had a net profit margin of 28.4% in fiscal year 2025, representing the share of revenue converted into profit after all expenses.
Does Agree Rlty Corp pay dividends?
Yes, Agree Rlty Corp (ADC) paid $2.92 per share in dividends during fiscal year 2025.
What is Agree Rlty Corp's return on equity (ROE)?
Agree Rlty Corp (ADC) has a return on equity of 3.3% for fiscal year 2025, measuring how efficiently the company generates profit from shareholder equity.
What is Agree Rlty Corp's operating cash flow?
Agree Rlty Corp (ADC) generated $504K in operating cash flow during fiscal year 2025, representing cash generated from core business activities.
What are Agree Rlty Corp's total assets?
Agree Rlty Corp (ADC) had $9.8M in total assets as of fiscal year 2025, including both current and long-term assets.
Does Agree Rlty Corp buy back shares?
Yes, Agree Rlty Corp (ADC) spent $4K on share buybacks during fiscal year 2025, returning capital to shareholders by reducing shares outstanding.
How many shares does Agree Rlty Corp have outstanding?
Agree Rlty Corp (ADC) had 120M shares outstanding as of fiscal year 2025.
What is Agree Rlty Corp's debt-to-equity ratio?
Agree Rlty Corp (ADC) had a debt-to-equity ratio of 0.01 as of fiscal year 2025, measuring the company's financial leverage by comparing total debt to shareholder equity.
What is Agree Rlty Corp's return on assets (ROA)?
Agree Rlty Corp (ADC) had a return on assets of 2.1% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.
What is Agree Rlty Corp's Piotroski F-Score?
Agree Rlty Corp (ADC) has a Piotroski F-Score of 4 out of 9, indicating neutral financial health. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7–9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.
Are Agree Rlty Corp's earnings high quality?
Agree Rlty Corp (ADC) has an earnings quality ratio of 2.47x, considered cash-backed (high quality). This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.
Can Agree Rlty Corp cover its interest payments?
Agree Rlty Corp (ADC) has an interest coverage ratio of 2.5x, meaning it can adequately cover its interest obligations. This ratio divides operating income by interest expense. Ratios above 5x indicate strong debt-servicing ability, while ratios below 2x suggest the company may face difficulty meeting interest payments if earnings decline. Learn more in our complete guide to financial health indicators.
How financially healthy is Agree Rlty Corp?
Agree Rlty Corp (ADC) scores 53 out of 100 on our Financial Profile, indicating moderate overall financial health. This composite score evaluates six dimensions: profitability (operating margin), revenue growth, leverage (debt-to-equity), liquidity (current ratio), cash flow quality (free cash flow margin), and shareholder returns (return on equity). Each dimension is normalized against standard financial benchmarks. Learn more in our complete guide to financial health indicators.