Clipper Realty Inc. (CLPR) Financials

CLPR

Trailing 12 months to June 30, 2026

Revenue $151.5M -1.7% YoY

Net Income -$33.3M +13.8% YoY

Operating Cash Flow $25.5M -19.9% YoY

Gross Profit $34.5M +284.7% YoY

Market Cap $132.1M as of Oct 20, 2026

Price / Sales 0.9x on $151.5M revenue, trailing 12 months to June 30, 2026

Price / Earnings n/m net loss, so no earnings multiple, trailing 12 months to June 30, 2026

Price / Book n/m negative shareholder equity, so no book multiple, Q2 FY2026

A multiple compares the market's price with a filed figure; it says what the market pays, not how the business is doing. The market capitalization is the vendor's as of Oct 20, 2026; every other figure is from the SEC filings on this page. Not financial advice.

Source SEC Filings (10-K/10-Q) Latest period Q2 FY2026, ended Jun 30, 2026 Reported Aug 6, 2026 Currency USD FYE December

Newest figures come from the 10-Q for Q2 FY2026, filed Aug 6, 2026. Each column of the statement tables below links to the filing it was taken from, and every filing is listed on the CLPR SEC filings page.

Clipper Realty Inc. (CLPR) reported $151.5M in revenue over the twelve months to Jun 30, 2026, down 1.7% from the prior twelve months. This page shows its income statement, balance sheet, cash flow statement, and key financial ratios. View 11 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).

Rhea AI CLPR FY2025 2026-10-03

Revenue kept rising, but 2025 costs consumed the margin while operating cash flow stayed positive amid worsening balance-sheet strain.

In FY2025, operating cash flow remained positive at $22.6M even as the net loss reached $52.3M. That divergence is consistent with a property-heavy model where noncash depreciation and heavy financing costs matter greatly: those charges were $31.3M and $53.0M, respectively.

Revenue rose from $148.8M in FY2024 to $153.2M in FY2025, so the deterioration was not primarily a volume collapse. Gross margin fell from 27.4% to 2.7%, showing that costs absorbed nearly all sales and left little operating cushion.

Equity moved from -$5.4M to -$30.7M across FY2024-FY2025. With liabilities exceeding assets in FY2025, the capital structure is increasingly dependent on creditors rather than shareholder capital.

Financial Health Signals

Financial Health Score 10/100

Scored as: REITs peer group

Scored against REITs for FY2025. Each of the six dimensions is a percentile rank within that peer group; the overall is their average, with missing dimensions counted as zero out of six. A high score means strong standing among peers, not absolute cross-industry strength. How this score is calculated →

Health score ≠ stock price. This rates the quality of Clipper Realty Inc.'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.

FFO Margin

FFO Margin measures funds from operations against revenue, and funds from operations is net income with property depreciation added back, since a building written down a little further every year on paper is often worth more rather than less. Clipper Realty Inc. scores 19/100 on it among other REITs.

FFO Growth

Not available for Clipper Realty Inc., and counted as zero in the overall score.

Leverage

Not available for Clipper Realty Inc., and counted as zero in the overall score.

Interest Cov.

Clipper Realty Inc.'s operating income of $4.2M covered its interest expense of $53.0M 0.08 times over in fiscal year 2025. The interest coverage axis ranks REITs on operating income against interest owed, and Clipper Realty Inc. scores 24/100 among other REITs.

AFFO Margin

AFFO Margin takes funds from operations, subtracts the spending a REIT needs just to keep its properties in working order, and measures what is left against revenue. Clipper Realty Inc. scores 12/100 on it among other REITs.

Dividend Cov.

Dividend coverage measures funds from operations against the dividends actually paid, and a figure above 1 means the payout came out of operations. Clipper Realty Inc. scores 7/100 on it among other REITs.

Piotroski F-Score Partial

4/7

Clipper Realty Inc. passes 4 of 7 computable financial strength tests (2 of the nine could not be computed from available data). 2 of 4 profitability signals pass, all 1 leverage/liquidity signals pass, 1 of 2 efficiency signals pass.

Earnings Quality Mixed

N/A

Clipper Realty Inc. reported a net loss of $52.3M while generating $22.6M in operating cash flow. Operations generated cash despite the loss, but with no positive earnings behind it, the ratio between the two carries no quality signal.

Interest Coverage At Risk

0.08x

Clipper Realty Inc. earns $0.08 in operating income for every $1 of interest expense ($4.2M vs $53.0M). This narrow margin raises concern about the company's ability to service its debt if operating income declines.

Key Financial Metrics

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Earnings & Revenue

Revenue

$38.6M

YoY-1.2%

QoQ+1.2%

5Y CAGR+4.7%

Clipper Realty Inc. generated $38.6M in revenue in Q2 2026. This represents a decrease of 1.2% from the same quarter a year earlier. Against the prior quarter it is up 1.2%.

EBITDA

$17.4M

YoY-3.9%

QoQ+40.6%

5Y CAGR+5.6%

Clipper Realty Inc.'s EBITDA was $17.4M in Q2 2026, measuring earnings before interest, taxes, depreciation, and amortization. This represents a decrease of 3.9% from the same quarter a year earlier. Against the prior quarter it is up 40.6%.

Net Income

-$6.3M

YoY-362.0%

QoQ+43.8%

Clipper Realty Inc. reported -$6.3M in net income in Q2 2026. This represents a decrease of 362.0% from the same quarter a year earlier. Against the prior quarter it is up 43.8%.

EPS (Diluted)

Not reported for Q2 2026.

Cash & Balance Sheet

Cash & Debt

$37.7M

YoY+17.7%

QoQ+44.5%

5Y CAGR-15.0%

10Y CAGR-9.7%

Clipper Realty Inc. held $37.7M in cash as of Q2 2026; long-term debt is not reported for that period.

Shares Outstanding

16M

YoY+0.1%

QoQ0.0%

5Y CAGR+0.1%

Clipper Realty Inc. had 16M shares outstanding in Q2 2026. This represents an increase of 0.1% from the same quarter a year earlier. It is unchanged from the prior quarter.

Free Cash Flow

Not reported for Q2 2026.

Dividends Per Share

Not reported for Q2 2026.

Margins & Returns

Gross Margin

24.9%

YoY-2.9pp

QoQ+3.9pp

5Y change+2.1pp

Clipper Realty Inc.'s gross margin was 24.9% in Q2 2026, indicating the percentage of revenue retained after direct costs. This is down 2.9 percentage points from the same quarter a year earlier. Against the prior quarter it is up 3.9 percentage points.

Operating Margin

24.3%

YoY-3.3pp

QoQ+12.8pp

5Y change+1.5pp

Clipper Realty Inc.'s operating margin was 24.3% in Q2 2026, reflecting core business profitability. This is down 3.3 percentage points from the same quarter a year earlier. Against the prior quarter it is up 12.8 percentage points.

Net Margin

-16.2%

YoY-12.8pp

QoQ+13.0pp

5Y change-5.7pp

Clipper Realty Inc.'s net profit margin was -16.2% in Q2 2026, showing the share of revenue converted to profit. This is down 12.8 percentage points from the same quarter a year earlier. Against the prior quarter it is up 13.0 percentage points.

Return on Equity

Not reported for Q2 2026.

Capital Allocation

None of these metrics is reported for Q2 2026.

CLPR Income Statement

Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.

CLPR quarterly income statement

Metric	TTM	FY2510-K	FY2410-K	FY2310-K	FY2210-K	FY2110-K	FY2010-K	FY1910-K	FY1810-K	FY1710-K	FY1610-K	FY1510-K
Revenue	$151.5M	$153.2M+3.0%	$148.8M+7.6%	$138.2M+6.5%	$129.7M+5.7%	$122.7M-0.1%	$122.8M+5.8%	$116.2M+5.6%	$110.0M+5.8%	$104.0M+11.8%	$93.0M	N/A
Cost of Revenue	$116.9M	$149.0M+38.0%	$108.0M+2.8%	$105.0M+2.9%	$102.1M+6.5%	$95.8M+4.7%	$91.5M+10.7%	$82.7M+6.6%	$77.5M+4.2%	$74.4M+10.8%	$67.2M+19.8%	$56.1M
Gross Profit	$34.5M	$4.2M-89.7%	$40.8M+23.0%	$33.2M+20.0%	$27.6M+2.8%	$26.9M-14.1%	$31.3M-6.5%	$33.5M+3.2%	$32.5M+10.0%	$29.5M+14.4%	$25.8M	N/A
SG&A Expenses	$16.2M	$15.5M+9.7%	$14.2M+7.5%	$13.2M+3.3%	$12.8M+20.6%	$10.6M+8.7%	$9.7M+6.1%	$9.2M-7.2%	$9.9M-0.7%	$9.9M+18.3%	$8.4M+58.7%	$5.3M
Operating Income	$30.7M	$4.2M-89.7%	$40.5M+22.2%	$33.2M+20.0%	$27.6M+14.4%	$24.2M-24.8%	$32.1M-4.0%	$33.5M+3.2%	$32.5M+10.0%	$29.5M+14.4%	$25.8M-9.5%	$28.5M
EBITDA	N/A	$35.5M-49.6%	$70.4M+13.4%	$62.1M+13.7%	$54.6M+9.4%	$49.9M-10.5%	$55.8M+4.9%	$53.1M+5.3%	$50.5M+9.2%	$46.2M+12.5%	$41.1M+0.2%	$41.0M
Interest Expense	$61.2M	$53.0M+12.6%	$47.1M+5.0%	$44.9M+11.6%	$40.2M-2.6%	$41.3M+2.6%	$40.2M+14.3%	$35.2M+7.3%	$32.8M-7.7%	$35.5M-6.9%	$38.1M+3.9%	$36.7M
Income Tax	N/A	$0	$0	$0	$0	$0	$0	N/A	$0	$0	N/A	N/A
Net Income	-$33.3M	-$52.3M-695.1%	-$6.6M+57.7%	-$15.6M-23.8%	-$12.6M+37.2%	-$20.0M-63.7%	-$12.2M-196.6%	-$4.1M+54.2%	-$9.0M-50.0%	-$6.0M+51.4%	-$12.3M-50.5%	-$8.2M
EPS (Basic)	N/A	-$1.38-452.0%	-$0.25+44.4%	-$0.45-25.0%	-$0.36+29.4%	-$0.51	N/A	N/A	N/A	N/A	N/A	N/A

Metric	Q2'2610-Q	Q1'2610-Q	Q4'2510-Q	Q3'2510-Q	Q2'2510-Q	Q1'2510-Q	Q4'2410-K	Q3'2410-Q
Revenue	$38.6M-1.2%	$38.1M-3.3%	$37.1M-2.6%	$37.7M+0.2%	$39.0M+4.5%	$39.4M+10.2%	$38.0M+9.1%	$37.6M+7.1%
Cost of Revenue	$29.0M+2.7%	$30.1M-52.2%	$29.0M+7.1%	$28.8M+7.2%	$28.2M+3.1%	$63.0M+136.0%	$27.1M+4.7%	$26.9M+3.6%
Gross Profit	$9.6M-11.4%	$8.0M+133.9%	$8.1M-26.5%	$8.9M-17.4%	$10.8M+8.4%	-$23.6M-359.9%	$11.0M+21.8%	$10.8M+16.8%
SG&A Expenses	$4.3M+11.4%	$4.1M+7.4%	$4.2M+10.9%	$3.7M+9.7%	$3.8M+10.4%	$3.8M+7.7%	$3.8M+20.1%	$3.4M+0.9%
Operating Income	$9.4M-13.1%	$4.4M+118.7%	$8.1M-24.7%	$8.9M-17.4%	$10.8M+8.1%	-$23.6M-359.9%	$10.7M+18.8%	$10.8M+16.8%
EBITDA	$17.4M-3.9%	$12.4M+177.6%	$16.4M-10.2%	$16.9M-7.3%	$18.1M+3.8%	-$15.9M-196.9%	$18.3M+10.4%	$18.2M+10.5%
Interest Expense	$15.7M+36.4%	$15.5M+34.9%	$16.7M+41.7%	$13.3M+12.5%	$11.5M-2.2%	$11.5M-1.8%	$11.8M-0.7%	$11.8M+2.7%
Income Tax	N/A	$0	N/A	N/A	N/A	$0	N/A	N/A
Net Income	-$6.3M-362.0%	-$11.1M+68.3%	-$11.3M-938.6%	-$4.6M-323.4%	-$1.4M+22.2%	-$35.1M-1216.7%	-$1.1M+62.0%	-$1.1M+53.2%
EPS (Basic)	-$0.19-171.4%	-$0.30+65.1%	-$0.31-520.0%	-$0.14-180.0%	-$0.07-16.7%	-$0.86-855.6%	-$0.05+44.4%	-$0.05+44.4%
EPS (Diluted)	N/A	-$0.30+65.1%	N/A	N/A	-$0.07	-$0.86	N/A	N/A
Diluted Shares (Avg)	N/A	16M0.0%	N/A	N/A	16M	16M	N/A	N/A

Not reported in any period shown, so not listed: R&D Expenses.

CLPR Balance Sheet

CLPR quarterly balance sheet

Metric	FY2510-K	FY2410-K	FY2310-K	FY2210-K	FY2110-K	FY2010-K	FY1910-K	FY1810-K	FY1710-K	FY1610-K	FY1510-K
Total Assets	$1.2B-4.1%	$1.3B+3.0%	$1.2B+1.6%	$1.2B-0.3%	$1.2B+2.1%	$1.2B+3.6%	$1.2B+5.9%	$1.1B+4.7%	$1.1B+16.2%	$905.2M+2.7%	$881.1M
Cash & Equivalents	$30.8M+54.9%	$19.9M-10.2%	$22.2M+22.1%	$18.2M-47.4%	$34.5M-52.1%	$72.1M+69.5%	$42.5M+14.8%	$37.0M+366.3%	$7.9M-78.9%	$37.5M-70.0%	$125.3M
Short-Term Investments	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0
Long-Term Investments	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0
Total Liabilities	$1.3B+1.1%	$1.3B+4.8%	$1.2B+4.2%	$1.2B+2.5%	$1.2B+5.4%	$1.1B+7.7%	$1.0B+9.0%	$939.5M+8.4%	$866.5M+11.2%	$779.0M+6.0%	$734.7M
Long-Term Debt	N/A	$1.3B+5.0%	$1.2B+3.8%	$1.2B+2.7%	$1.1B+4.8%	$1.1B+8.2%	$997.9M+9.2%	$913.6M+8.2%	$843.9M	N/A	N/A
Total Equity	-$30.7M-467.7%	-$5.4M-297.1%	$2.7M-80.5%	$14.1M-46.8%	$26.5M-32.8%	$39.5M-31.1%	$57.2M-12.2%	$65.2M-13.0%	$74.9M+96.1%	$38.2M-73.9%	$146.4M
Retained Earnings	-$121.5M-27.3%	-$95.5M-9.9%	-$86.9M-16.0%	-$74.9M-21.3%	-$61.7M-28.5%	-$48.0M-32.1%	-$36.4M-30.2%	-$27.9M-59.3%	-$17.5M-104.3%	-$8.6M	N/A

Metric	Q2'2610-Q	Q1'2610-Q	Q4'2510-Q	Q3'2510-Q	Q2'2510-Q	Q1'2510-Q	Q4'2410-K	Q3'2410-Q
Total Assets	$1.2B-1.7%	$1.2B-2.9%	$1.2B-4.1%	$1.2B-3.8%	$1.2B-2.6%	$1.3B-0.1%	$1.3B+3.0%	$1.3B+3.8%
Cash & Equivalents	$37.7M+17.7%	$26.1M+22.5%	$30.8M+54.9%	$26.1M+39.9%	$32.0M+58.1%	$21.3M-2.7%	$19.9M-10.2%	$18.6M-17.1%
Short-Term Investments	$0	$0	$0	$0	$0	$0	$0	$0
Long-Term Investments	$0	$0	$0	$0	$0	$0	$0	$0
Total Liabilities	$1.3B+2.1%	$1.3B+0.5%	$1.3B+1.1%	$1.3B+0.6%	$1.3B+1.5%	$1.3B+4.1%	$1.3B+4.8%	$1.3B+5.7%
Long-Term Debt	N/A	N/A	N/A	N/A	N/A	$1.3B+3.8%	$1.3B+5.0%	$1.3B+5.0%
Total Equity	-$40.1M-82.8%	-$36.3M-81.0%	-$30.7M-467.7%	-$25.0M-598.4%	-$21.9M-1133.7%	-$20.1M-7295.7%	-$5.4M-297.1%	-$3.6M-169.3%
Retained Earnings	-$131.2M-16.7%	-$127.3M-15.3%	-$121.5M-27.3%	-$115.7M-23.7%	-$112.4M-22.7%	-$110.4M-23.4%	-$95.5M-9.9%	-$93.6M-11.0%

Not reported in any period shown, so not listed: Current Assets, Inventory, Accounts Receivable, Goodwill, Current Liabilities, Non-Current Liabilities.

CLPR Cash Flow Statement

CLPR quarterly cash flow statement

Metric	TTM	FY2510-K	FY2410-K	FY2310-K	FY2210-K	FY2110-K	FY2010-K	FY1910-K	FY1810-K	FY1710-K	FY1610-K	FY1510-K
Operating Cash Flow	$25.5M	$22.6M-29.2%	$31.9M+21.7%	$26.2M+30.0%	$20.1M+86.1%	$10.8M-32.3%	$16.0M-32.7%	$23.8M+6.3%	$22.4M+71.2%	$13.1M+39.7%	$9.3M-1.0%	$9.4M
Depreciation & Amortization	N/A	$31.3M+4.8%	$29.9M+3.3%	$28.9M+7.2%	$27.0M+4.7%	$25.8M+9.0%	$23.6M+20.3%	$19.6M+9.1%	$18.0M+7.7%	$16.7M+9.3%	$15.3M+22.2%	$12.5M
Stock-Based Compensation	N/A	$4.3M+57.9%	$2.7M-10.4%	$3.0M+3.3%	$2.9M+11.8%	$2.6M+44.7%	$1.8M+19.5%	$1.5M-22.2%	$1.9M-37.6%	$3.1M+23.3%	$2.5M+255.9%	$709K
Capital Expenditures	N/A	N/A	$69.7M+50.6%	$46.3M-11.2%	$52.1M-35.5%	$80.8M+143.6%	$33.2M-22.2%	$42.6M-6.6%	$45.6M+100.8%	$22.7M+25.1%	$18.2M+101.2%	$9.0M
Free Cash Flow	N/A	N/A	-$37.9M-88.3%	-$20.1M+37.1%	-$32.0M+54.3%	-$70.0M-307.3%	-$17.2M+8.9%	-$18.9M+19.0%	-$23.3M-141.0%	-$9.7M-9.6%	-$8.8M-2223.4%	$415K
Investing Cash Flow	-$10.8M	$12.1M+117.6%	-$68.8M-66.3%	-$41.4M+19.7%	-$51.5M+34.0%	-$77.9M-145.8%	-$31.7M+57.7%	-$74.9M-90.6%	-$39.3M+79.1%	-$187.7M-54.7%	-$121.3M-1243.9%	-$9.0M
Financing Cash Flow	-$12.9M	-$14.6M-137.6%	$38.7M+86.9%	$20.7M+112.0%	$9.8M-67.7%	$30.3M-36.6%	$47.8M-23.1%	$62.2M+51.2%	$41.1M-72.1%	$147.6M+511.2%	$24.1M-79.1%	$115.8M
Dividends Paid	$18.6M	$18.5M+5.0%	$17.6M+1.1%	$17.4M+1.9%	$17.1M+1.9%	$16.8M-2.8%	$17.2M+0.9%	$17.1M+0.3%	$17.0M+2.9%	$16.6M+66.5%	$10.0M-37.4%	$15.9M
Share Buybacks	N/A	N/A	N/A	N/A	N/A	$0-100.0%	$10.0M	$0	$0	N/A	N/A	N/A

Metric	Q2'2610-Q	Q1'2610-Q	Q4'2510-Q	Q3'2510-Q	Q2'2510-Q	Q1'2510-Q	Q4'2410-K	Q3'2410-Q
Operating Cash Flow	$14.4M+72.5%	$3.6M-46.6%	$6.1M-42.0%	$1.4M-77.4%	$8.4M-4.8%	$6.7M+6.8%	$10.5M+16.2%	$6.3M+7015.4%
Depreciation & Amortization	$8.0M+9.7%	$8.0M+4.5%	$8.4M+10.2%	$8.0M+7.3%	$7.3M-1.9%	$7.6M+3.5%	$7.6M+0.5%	$7.5M+2.4%
Stock-Based Compensation	N/A	$1.1M-5.0%	N/A	N/A	N/A	$1.1M+103.7%	N/A	N/A
Capital Expenditures	N/A	N/A	N/A	N/A	N/A	$11.3M-46.1%	N/A	N/A
Free Cash Flow	N/A	N/A	N/A	N/A	N/A	-$4.6M+68.6%	N/A	N/A
Investing Cash Flow	-$3.0M-111.0%	-$1.9M+80.1%	-$791K+93.2%	-$5.1M+66.2%	$27.6M+239.6%	-$9.7M+56.5%	-$11.7M+13.9%	-$15.0M-69.7%
Financing Cash Flow	-$3.5M+78.0%	-$5.1M-192.8%	-$3.8M-222.1%	-$527K-106.5%	-$15.8M-308.6%	$5.5M-72.2%	$3.1M-8.1%	$8.1M-46.8%
Dividends Paid	$4.7M+1.6%	$4.7M	$4.6M+4.9%	$4.6M+5.0%	$4.6M+5.0%	$0-100.0%	$4.4M+1.1%	$4.4M+1.1%

Not reported in any period shown, so not listed: Share Buybacks.

CLPR Financial Ratios

Margins and returns are percentages; the remaining ratios are unitless multiples. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.

CLPR quarterly financial ratios

Metric	FY2510-K	FY2410-K	FY2310-K	FY2210-K	FY2110-K	FY2010-K	FY1910-K	FY1810-K	FY1710-K	FY1610-K	FY1510-K
Gross Margin	2.7%-24.7pp	27.4%+3.4pp	24.0%+2.7pp	21.3%-0.6pp	21.9%-3.6pp	25.5%-3.3pp	28.8%-0.7pp	29.5%+1.1pp	28.4%+0.6pp	27.7%	N/A
Operating Margin	2.7%-24.5pp	27.2%+3.2pp	24.0%+2.7pp	21.3%+1.6pp	19.7%-6.5pp	26.2%-2.7pp	28.8%-0.7pp	29.5%+1.1pp	28.4%+0.6pp	27.7%	N/A
Net Margin	-34.2%-29.7pp	-4.4%+6.8pp	-11.3%-1.6pp	-9.7%+6.6pp	-16.3%-6.4pp	-10.0%-6.4pp	-3.5%+4.6pp	-8.2%-2.4pp	-5.8%+7.5pp	-13.3%	N/A
Return on Equity	N/A	N/A	-567.2%-478.0pp	-89.2%-13.7pp	-75.5%-44.5pp	-31.0%-23.8pp	-7.2%+6.6pp	-13.8%-5.8pp	-8.0%+24.3pp	-32.3%-26.7pp	-5.6%
Return on Assets	-4.2%-3.7pp	-0.5%+0.7pp	-1.3%-0.2pp	-1.0%+0.6pp	-1.6%-0.6pp	-1.0%-0.7pp	-0.4%+0.5pp	-0.8%-0.3pp	-0.6%+0.8pp	-1.4%-0.4pp	-0.9%
Debt-to-Equity	N/A	N/A	439.37+357.0x	82.42+39.8x	42.66+15.3x	27.35+9.9x	17.44+3.4x	14.02+2.7x	11.27-9.1x	20.39+15.4x	5.02
Asset Turnover	0.120.0x	0.120.0x	0.110.0x	0.110.0x	0.100.0x	0.100.0x	0.100.0x	0.100.0x	0.100.0x	0.10	N/A
FCF Margin	N/A	-25.4%-10.9pp	-14.5%+10.1pp	-24.7%+32.4pp	-57.0%-43.0pp	-14.0%+2.2pp	-16.2%+4.9pp	-21.2%-11.9pp	-9.3%+0.2pp	-9.5%	N/A

Metric	Q2'2610-Q	Q1'2610-Q	Q4'2510-Q	Q3'2510-Q	Q2'2510-Q	Q1'2510-Q	Q4'2410-K	Q3'2410-Q
Gross Margin	24.9%-2.9pp	21.0%+80.8pp	21.8%-7.1pp	23.6%-5.0pp	27.8%+1.0pp	-59.9%-85.2pp	28.8%+3.0pp	28.6%+2.4pp
Operating Margin	24.3%-3.3pp	11.6%+71.4pp	21.8%-6.4pp	23.6%-5.0pp	27.7%+0.9pp	-59.9%-85.2pp	28.1%+2.3pp	28.6%+2.4pp
Net Margin	-16.2%-12.8pp	-29.2%+59.9pp	-30.4%-27.5pp	-12.2%-9.3pp	-3.5%+1.2pp	-89.1%-81.6pp	-2.9%+5.3pp	-2.9%+3.7pp
Return on Assets	-0.5%-0.4pp	-0.9%+1.9pp	-0.9%-0.8pp	-0.4%-0.3pp	-0.1%0.0pp	-2.8%-2.6pp	-0.1%+0.1pp	-0.1%+0.1pp
Asset Turnover	0.030.0x	0.030.0x	0.030.0x	0.030.0x	0.030.0x	0.030.0x	0.030.0x	0.030.0x
FCF Margin	N/A	N/A	N/A	N/A	N/A	-11.7%+29.4pp	N/A	N/A

Not reported in any period shown, so not listed: Return on Equity, Current Ratio, Debt-to-Equity.

Note: Shareholder equity is negative (-$30.7M), 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.

Similar Companies

Newest fiscal year on record for each company. The health score is the peer-relative Financial Health Score for that year; a dash means no score is published for it.

Company	Fiscal year	Revenue	Net income	Net margin	Market cap	Health score
Clipper Realty Inc. CLPR	FY2025	$153.2M	-$52.3M	-34.2%	$132.1M	10/100
BRT Apartments Corp BRT	FY2025	$97.0M	-$11.9M	-12.3%	$251.1M	18/100
Bluerock Homes Trust, Inc. BHM	FY2025	$68.7M	-$32.6M	-47.4%	$91.8M	12/100
Apartment Investment and Management Company AIV	FY2025	$138.5M	$547.2M	N/A	$257.6M	39/100
Centerspace CSR	FY2025	$273.7M	$17.1M	6.3%	$993.2M	68/100
Elme Communities ELME	FY2024	$241.9M	-$13.1M	-5.4%	$156.4M	49/100

Where Clipper Realty Inc. Ranks

Frequently Asked Questions

What is Clipper Realty Inc.'s annual revenue?

Clipper Realty Inc. (CLPR) reported $153.2M in total revenue for fiscal year 2025. This represents a 3.0% 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 Clipper Realty Inc.'s revenue growing?

Clipper Realty Inc. (CLPR) revenue grew by 3.0% year-over-year, from $148.8M to $153.2M in fiscal year 2025.

Is Clipper Realty Inc. profitable?

No, Clipper Realty Inc. (CLPR) reported a net income of -$52.3M in fiscal year 2025, with a net profit margin of -34.2%.

What is Clipper Realty Inc.'s EBITDA?

Clipper Realty Inc. (CLPR) had EBITDA of $35.5M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization.

What is Clipper Realty Inc.'s gross margin?

Clipper Realty Inc. (CLPR) had a gross margin of 2.7% in fiscal year 2025, indicating the percentage of revenue retained after direct costs of goods sold.

What is Clipper Realty Inc.'s operating margin?

Clipper Realty Inc. (CLPR) had an operating margin of 2.7% in fiscal year 2025, reflecting the profitability of core business operations before interest and taxes.

What is Clipper Realty Inc.'s net profit margin?

Clipper Realty Inc. (CLPR) had a net profit margin of -34.2% in fiscal year 2025, representing the share of revenue converted into profit after all expenses.

What is Clipper Realty Inc.'s operating cash flow?

Clipper Realty Inc. (CLPR) generated $22.6M in operating cash flow during fiscal year 2025, representing cash generated from core business activities.

What are Clipper Realty Inc.'s total assets?

Clipper Realty Inc. (CLPR) had $1.2B in total assets as of fiscal year 2025, including both current and long-term assets.

How many shares does Clipper Realty Inc. have outstanding?

Clipper Realty Inc. (CLPR) had 16M shares outstanding as of fiscal year 2025.

What is Clipper Realty Inc.'s return on assets (ROA)?

Clipper Realty Inc. (CLPR) had a return on assets of -4.2% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.

What is Clipper Realty Inc.'s P/E ratio?

Clipper Realty Inc. (CLPR) has no price-to-earnings ratio at the moment: net loss, so no earnings multiple (trailing 12 months to June 30, 2026). The market capitalization is $132.1M as of Oct 20, 2026; a multiple compares that price with a filed figure and says nothing about the quality of the business.

What is Clipper Realty Inc.'s price-to-sales ratio?

Clipper Realty Inc. (CLPR) trades at 0.9x sales, its market capitalization divided by revenue of $151.5M revenue, trailing 12 months to June 30, 2026. The market capitalization is $132.1M as of Oct 20, 2026; a multiple compares that price with a filed figure and says nothing about the quality of the business.

Why is Clipper Realty Inc.'s debt-to-equity ratio negative or not reported?

Clipper Realty Inc. (CLPR) has negative shareholder equity of -$30.7M as of fiscal year 2025, so no debt-to-equity ratio is reported: dividing debt by equity that is not positive produces a number that cannot be read as leverage. 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 Clipper Realty Inc.'s Piotroski F-Score?

Clipper Realty Inc. (CLPR) has a Piotroski F-Score of 4 out of 7 computable signals; 2 of the nine could not be computed from available data, so the full-scale strength rating is not shown. 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 Clipper Realty Inc.'s earnings high quality?

Clipper Realty Inc. (CLPR) reported a net loss of $52.3M while generating $22.6M in operating cash flow. Operations generated cash despite the loss, but with no positive earnings behind it, the ratio between the two carries no quality signal. 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 Clipper Realty Inc. cover its interest payments?

Clipper Realty Inc. (CLPR) has an interest coverage ratio of 0.08x, meaning it can struggle to 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 Clipper Realty Inc.?

Clipper Realty Inc. (CLPR) scores 10 out of 100 on our Financial Health Score, indicating weak standing within its REITs peer group. The score is a 0-100 composite of six dimensions (FFO Margin, FFO Growth, Leverage, Interest Cov., AFFO Margin, Dividend Cov.), each ranked as a percentile relative to companies in the same scoring family (banks against banks, REITs against REITs, and so on) rather than across all industries. It rates the quality of the business, not whether the stock is fairly priced, and is not financial advice. Learn more in our complete guide to financial health indicators.