Broad Street Financials
This page shows Broad Street (BRST) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 15 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).
Broad Street Realty’s operating story is increasingly shaped by balance-sheet strain, not by a clean lift in property earnings.
Even after revenue roughly doubled from$19.7M in FY2020 to$41.3M in FY2024, equity flipped from positive to negative and operating cash flow only barely turned positive. That combination suggests the portfolio is producing enough accounting income to absorb depreciation at times, but not enough recurring cash to steadily repair leverage or rebuild book value.
With revenue essentially unchanged between FY2023 and FY2024, operating income fell from
Cash of
Financial Health Signals
Based on FY2024 annual data, averaged across the last 3 years for performance metrics (most-recent year weighted highest). How this score is calculated →
Health score ≠ stock price. This rates the quality of Broad Street's business: profitability, growth, balance sheet strength. It doesn't tell you whether the stock is a good buy at today's price. Not financial advice. Use it alongside valuation analysis and your own research.
Broad Street has an operating margin of -0.7%, meaning the company retains $-1 of operating profit per $100 of revenue. This below-average margin results in a low score of 18/100, suggesting thin profitability after operating expenses. This is down from 12.8% the prior year.
Broad Street's revenue declined 2% year-over-year, from $42.2M to $41.3M. This contraction results in a growth score of 53/100.
Broad Street has elevated debt relative to equity (D/E of -27.55), meaning the company relies heavily on borrowed funds. This high leverage results in a low score of 0/100, reflecting increased financial risk.
Broad Street passes 2 of 9 financial strength tests. 2 of 4 profitability signals pass, no leverage/liquidity signals pass (rising debt, declining liquidity, or share dilution), neither operating efficiency signal passes.
For every $1 of reported earnings, Broad Street generates $-0.04 in operating cash flow ($601K OCF vs -$14.8M net income). This mixed ratio suggests some earnings may rely on non-cash accounting items.
Key Financial Metrics
Earnings & Revenue
Broad Street generated $41.3M in revenue in fiscal year 2024. This represents a decrease of 2.0% from the prior year.
Broad Street's EBITDA was $14.6M in fiscal year 2024, measuring earnings before interest, taxes, depreciation, and amortization. This represents a decrease of 39.4% from the prior year.
Broad Street reported -$14.8M in net income in fiscal year 2024. This represents a decrease of 110.9% from the prior year.
Broad Street earned $-0.80 per diluted share (EPS) in fiscal year 2024. This represents a decrease of 33.3% from the prior year.
Cash & Balance Sheet
Broad Street held $16.2M in cash against $247.1M in long-term debt as of fiscal year 2024.
Broad Street had 35M shares outstanding in fiscal year 2024. This represents an increase of 4.8% from the prior year.
Margins & Returns
Broad Street's operating margin was -0.7% in fiscal year 2024, reflecting core business profitability. This is down 13.5 percentage points from the prior year.
Broad Street's net profit margin was -35.8% in fiscal year 2024, showing the share of revenue converted to profit. This is down 19.1 percentage points from the prior year.
Capital Allocation
BRST Income Statement
| Metric | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $841K-92.1% | $10.6M-3.0% | $10.9M+7.0% | $10.2M+0.8% | $10.1M+0.6% | $10.1M+0.5% | $10.0M-0.3% | $10.0M |
| 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 | $2.2M-39.4% | $3.6M+37.2% | $2.6M-13.1% | $3.0M-0.7% | $3.0M-13.2% | $3.5M+36.4% | $2.6M-14.7% | $3.0M |
| Operating Income | -$1.7M-714.6% | -$206K-120.6% | $1.0M+1290.3% | $72K+115.7% | -$458K+49.5% | -$907K-402.3% | $300K+115.3% | -$2.0M |
| Interest Expense | N/A | N/A | N/A | N/A | $4.6M+5.1% | $4.3M-1.6% | $4.4M-4.0% | $4.6M |
| Income Tax | $1.2M | $0 | $0+100.0% | -$56K | $0-100.0% | $134K-60.6% | $340K+114.9% | -$2.3M |
| Net Income | $44.7M+894.3% | -$5.6M-169.2% | -$2.1M+66.6% | -$6.3M-39.3% | -$4.5M-132.2% | -$1.9M+40.6% | -$3.3M+35.7% | -$5.1M |
| EPS (Diluted) | $0.86+458.3% | $-0.24 | N/A | $-0.26-23.8% | $-0.21-31.2% | $-0.16 | N/A | $-0.22 |
BRST Balance Sheet
| Metric | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 |
|---|---|---|---|---|---|---|---|---|
| Total Assets | $37.6M-89.0% | $340.3M-1.4% | $345.3M-1.2% | $349.4M-1.0% | $353.1M+0.3% | $352.1M+0.3% | $351.1M-1.9% | $358.0M |
| Current Assets | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Cash & Equivalents | $726K-94.6% | $13.5M-16.4% | $16.2M-10.3% | $18.0M-4.5% | $18.9M+28.9% | $14.6M+49.6% | $9.8M-29.8% | $13.9M |
| Inventory | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Accounts Receivable | N/A | $1.8M+24.7% | $1.5M+39.7% | $1.0M-12.2% | $1.2M-34.5% | $1.8M+9.7% | $1.7M-2.1% | $1.7M |
| Goodwill | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Total Liabilities | $5.7M-98.4% | $357.0M+0.8% | $354.2M+0.9% | $351.0M+2.1% | $343.9M+2.1% | $336.9M+1.7% | $331.4M+0.2% | $330.8M |
| Current Liabilities | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Long-Term Debt | N/A | $246.9M-0.1% | $247.1M+0.5% | $245.8M+1.2% | $243.0M+3.7% | $234.3M+1.4% | $231.0M-1.0% | $233.4M |
| Total Equity | $34.3M+305.5% | -$16.7M-86.3% | -$9.0M-458.7% | -$1.6M-117.4% | $9.2M-38.9% | $15.1M-23.2% | $19.7M-27.6% | $27.2M |
| Retained Earnings | -$12.8M+75.0% | -$51.2M-9.1% | -$46.9M-2.5% | -$45.8M-12.0% | -$40.9M-9.0% | -$37.5M-3.0% | -$36.4M-6.2% | -$34.3M |
BRST Cash Flow Statement
| Metric | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 |
|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | $177K+117.6% | -$1.0M-206.1% | $950K+15933.3% | -$6K+99.6% | -$1.6M-226.5% | $1.3M+278.0% | -$728K-4.6% | -$696K |
| Capital Expenditures | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Free Cash Flow | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Investing Cash Flow | -$17.7M-65796.3% | $27K-94.1% | $454K-58.2% | $1.1M+253.2% | -$709K+69.0% | -$2.3M-99.7% | -$1.1M-105.5% | $20.7M |
| Financing Cash Flow | $0+100.0% | -$1.4M+58.6% | -$3.5M-102.0% | -$1.7M-120.2% | $8.5M+90.6% | $4.5M+244.7% | -$3.1M+85.4% | -$21.2M |
| Dividends Paid | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Share Buybacks | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
BRST Financial Ratios
| Metric | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 |
|---|---|---|---|---|---|---|---|---|
| Gross Margin | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Operating Margin | -199.5%-197.6pp | -1.9%-11.1pp | 9.2%+8.5pp | 0.7%+5.2pp | -4.5%+4.5pp | -9.0%-12.0pp | 3.0%+22.4pp | -19.5% |
| Net Margin | 5316.3%+5369.4pp | -53.1%-33.9pp | -19.1%+42.2pp | -61.4%-16.9pp | -44.4%-25.2pp | -19.2%+13.3pp | -32.6%+18.0pp | -50.5% |
| Return on Equity | 130.3% | N/A | N/A | N/A | -48.7%-35.9pp | -12.8%+3.8pp | -16.6%+2.1pp | -18.7% |
| Return on Assets | 119.0%+120.6pp | -1.7%-1.0pp | -0.6%+1.2pp | -1.8%-0.5pp | -1.3%-0.7pp | -0.5%+0.4pp | -0.9%+0.5pp | -1.4% |
| Current Ratio | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Debt-to-Equity | 0.17+14.9 | -14.78+12.8 | -27.55+125.6 | -153.16-179.5 | 26.30+10.8 | 15.50+3.8 | 11.74+3.2 | 8.59 |
| FCF Margin | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
Note: Shareholder equity is negative (-$9.0M), which causes debt-to-equity and return on equity ratios to appear negative or not meaningful. This can occur from accumulated losses or large share buyback programs.
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Frequently Asked Questions
What is Broad Street's annual revenue?
Broad Street (BRST) reported $41.3M in total revenue for fiscal year 2024. This represents a -2.0% 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 Broad Street's revenue growing?
Broad Street (BRST) revenue declined by 2% year-over-year, from $42.2M to $41.3M in fiscal year 2024.
Is Broad Street profitable?
No, Broad Street (BRST) reported a net income of -$14.8M in fiscal year 2024, with a net profit margin of -35.8%.
What is Broad Street's EBITDA?
Broad Street (BRST) had EBITDA of $14.6M in fiscal year 2024, measuring earnings before interest, taxes, depreciation, and amortization.
How much debt does Broad Street have?
As of fiscal year 2024, Broad Street (BRST) had $16.2M in cash and equivalents against $247.1M in long-term debt.
What is Broad Street's operating margin?
Broad Street (BRST) had an operating margin of -0.7% in fiscal year 2024, reflecting the profitability of core business operations before interest and taxes.
What is Broad Street's net profit margin?
Broad Street (BRST) had a net profit margin of -35.8% in fiscal year 2024, representing the share of revenue converted into profit after all expenses.
What is Broad Street's operating cash flow?
Broad Street (BRST) generated $601K in operating cash flow during fiscal year 2024, representing cash generated from core business activities.
What are Broad Street's total assets?
Broad Street (BRST) had $345.3M in total assets as of fiscal year 2024, including both current and long-term assets.
What is Broad Street's debt-to-equity ratio?
Broad Street (BRST) had a debt-to-equity ratio of -27.55 as of fiscal year 2024, measuring the company's financial leverage by comparing total debt to shareholder equity.
What is Broad Street's return on assets (ROA)?
Broad Street (BRST) had a return on assets of -4.3% for fiscal year 2024, measuring how efficiently the company uses its assets to generate profit.
Why is Broad Street's debt-to-equity ratio negative or unusual?
Broad Street (BRST) has negative shareholder equity of -$9.0M as of fiscal year 2024, which causes the debt-to-equity ratio to appear negative or not meaningful. This can occur when accumulated losses exceed invested capital, or after large share buyback programs. Other solvency metrics like the current ratio or interest coverage may be more informative.
What is Broad Street's Piotroski F-Score?
Broad Street (BRST) has a Piotroski F-Score of 2 out of 9, indicating weak 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 to 9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.
Are Broad Street's earnings high quality?
Broad Street (BRST) has an earnings quality ratio of -0.04x, considered mixed 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.
How financially healthy is Broad Street?
Broad Street (BRST) scores 15 out of 100 on our Financial Profile, indicating weak 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.