FrontView REIT, Inc. Financials
This page shows FrontView REIT, Inc. (FVR) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 2 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
FrontView REIT, Inc. has an operating margin of -8.3%, meaning the company retains $-8 of operating profit per $100 of revenue. This below-average margin results in a low score of 4/100, suggesting thin profitability after operating expenses. This is up from -30.0% the prior year.
FrontView REIT, Inc.'s revenue surged 39.1% year-over-year to $67.1M, reflecting rapid business expansion. This strong growth earns a score of 98/100.
FrontView REIT, Inc. carries a low D/E ratio of 0.80, meaning only $0.80 of long-term debt for every $1 of shareholders' equity. This conservative leverage earns a score of 86/100, indicating a strong balance sheet with room for future borrowing.
FrontView REIT, Inc. generates a -1.0% ROE, indicating limited profit relative to shareholders' investment. This results in a returns score of 9/100. This is up from -110000.0% the prior year.
FrontView REIT, Inc. passes 4 of 9 financial strength tests. 2 of 4 profitability signals pass, 1 of 2 leverage/liquidity signals pass, both operating efficiency signals pass.
For every $1 of reported earnings, FrontView REIT, Inc. generates $-11.00 in operating cash flow ($42.1M OCF vs -$3.8M net income). This mixed ratio suggests some earnings may rely on non-cash accounting items.
FrontView REIT, Inc. earns $-0.3 in operating income for every $1 of interest expense (-$5.6M vs $18.0M). This narrow margin raises concern about the company's ability to service its debt if operating income declines.
Key Financial Metrics
Earnings & Revenue
FrontView REIT, Inc. generated $67.1M in revenue in fiscal year 2025. This represents an increase of 39.1% from the prior year.
FrontView REIT, Inc.'s EBITDA was $27.5M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization. This represents an increase of 168.6% from the prior year.
FrontView REIT, Inc. reported -$3.8M in net income in fiscal year 2025. This represents a decrease of 248.1% from the prior year.
FrontView REIT, Inc. earned $-0.22 per diluted share (EPS) in fiscal year 2025.
Cash & Balance Sheet
FrontView REIT, Inc. held $13.5M in cash against $314.3M in long-term debt as of fiscal year 2025.
FrontView REIT, Inc. had 22M shares outstanding in fiscal year 2025. This represents an increase of 22111065.0% from the prior year.
Margins & Returns
FrontView REIT, Inc.'s operating margin was -8.3% in fiscal year 2025, reflecting core business profitability. This is up 21.7 percentage points from the prior year.
FrontView REIT, Inc.'s net profit margin was -5.7% in fiscal year 2025, showing the share of revenue converted to profit. This is down 3.4 percentage points from the prior year.
FrontView REIT, Inc.'s ROE was -1.0% in fiscal year 2025, measuring profit generated per dollar of shareholder equity. This is up 109999.0 percentage points from the prior year.
Capital Allocation
FVR Income Statement
| Metric | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $16.5M-1.7% | $16.8M-4.3% | $17.6M+8.1% | $16.2M+7.0% | $15.2M+4.4% | $14.5M-0.5% | $14.6M-4.3% | $15.3M |
| 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 | $3.7M+19.1% | $3.1M-5.1% | $3.3M+15.5% | $2.8M+1.9% | $2.8M+299.9% | $697K+8.4% | $643K-10.4% | $718K |
| Operating Income | N/A | N/A | N/A | N/A | -$4.8M | N/A | N/A | N/A |
| Interest Expense | $4.3M-5.6% | $4.6M-1.8% | $4.6M+3.3% | $4.5M+30.3% | $3.5M-46.6% | $6.5M-2.0% | $6.6M-1.5% | $6.7M |
| Income Tax | $2K-96.2% | $52K-73.2% | $194K+90.2% | $102K-55.8% | $231K+266.7% | $63K-47.1% | $119K-26.5% | $162K |
| Net Income | -$4.1M-202.4% | $4.0M+238.4% | -$2.9M-248.3% | -$833K+72.2% | -$3.0M-23.3% | -$2.4M-11.2% | -$2.2M+10.8% | -$2.5M |
| EPS (Diluted) | N/A | $0.19+218.8% | $-0.16-166.7% | $-0.06+68.4% | $-0.19 | N/A | N/A | N/A |
FVR Balance Sheet
| Metric | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 |
|---|---|---|---|---|---|---|---|---|
| Total Assets | $854.4M+0.9% | $846.8M-1.1% | $856.5M-0.5% | $860.8M+4.7% | $821.8M+82180800.0% | $1K | N/A | N/A |
| Current Assets | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Cash & Equivalents | $13.5M-31.0% | $19.6M+134.3% | $8.4M+152.7% | $3.3M-35.0% | $5.1M-48.5% | $9.9M-40.5% | $16.6M+25.9% | $13.2M |
| Inventory | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Accounts Receivable | $2.9M-10.0% | $3.3M-5.6% | $3.5M+37.7% | $2.5M+28.4% | $2.0M | N/A | N/A | N/A |
| Goodwill | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Total Liabilities | $361.2M+5.4% | $342.6M-2.8% | $352.6M-34.2% | $536.2M+7.9% | $497.0M | $0 | N/A | N/A |
| Current Liabilities | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Long-Term Debt | $314.3M+2.3% | $307.1M-3.1% | $316.9M+2.2% | $310.2M+16.4% | $266.5M | N/A | N/A | N/A |
| Total Equity | $391.2M+1.6% | $385.2M+4.1% | $369.9M+13.9% | $324.7M0.0% | $324.8M+32482000.0% | $1K-100.0% | $186.0M-3.2% | $192.1M |
| Retained Earnings | -$28.1M-46.0% | -$19.3M-3.0% | -$18.7M-63.8% | -$11.4M-67.3% | -$6.8M | N/A | N/A | N/A |
FVR Cash Flow Statement
| Metric | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 |
|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | $16.5M+100.0% | $8.3M-10.8% | $9.3M+14.3% | $8.1M+201.7% | $2.7M-73.5% | $10.1M+97.3% | $5.1M+98.1% | $2.6M |
| 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 | -$23.4M-223.8% | $18.9M+520.0% | -$4.5M+90.5% | -$47.3M+55.0% | -$105.1M-17505.2% | -$597K-120.8% | $2.9M-49.1% | $5.7M |
| Financing Cash Flow | $858K+105.4% | -$16.0M-5319.0% | $306K-99.2% | $37.4M-60.7% | $95.0M+794.8% | -$13.7M-198.5% | -$4.6M+62.4% | -$12.2M |
| Dividends Paid | $4.6M-25.4% | $6.1M+2.6% | $6.0M+55.6% | $3.8M-37.1% | $6.1M | $0 | N/A | N/A |
| Share Buybacks | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
FVR 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 | N/A | N/A | N/A | N/A | -31.8% | N/A | N/A | N/A |
| Net Margin | -24.9%-48.8pp | 23.9%+40.4pp | -16.5%-11.4pp | -5.1%+14.6pp | -19.8%-3.0pp | -16.7%-1.8pp | -15.0%+1.1pp | -16.1% |
| Return on Equity | -1.1%-2.1pp | 1.0%+1.8pp | -0.8%-0.5pp | -0.3%+0.7pp | -0.9%+243099.1pp | -243100.0%-243098.8pp | -1.2%+0.1pp | -1.3% |
| Return on Assets | -0.5%-0.9pp | 0.5%+0.8pp | -0.3%-0.2pp | -0.1%+0.3pp | -0.4%+243099.6pp | -243100.0% | N/A | N/A |
| Current Ratio | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Debt-to-Equity | 0.800.0 | 0.80-0.1 | 0.86-0.1 | 0.96+0.1 | 0.82+0.8 | 0.00 | N/A | N/A |
| FCF Margin | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
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Frequently Asked Questions
What is FrontView REIT, Inc.'s annual revenue?
FrontView REIT, Inc. (FVR) reported $67.1M in total revenue for fiscal year 2025. This represents a 39.1% 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 FrontView REIT, Inc.'s revenue growing?
FrontView REIT, Inc. (FVR) revenue grew by 39.1% year-over-year, from $48.3M to $67.1M in fiscal year 2025.
Is FrontView REIT, Inc. profitable?
No, FrontView REIT, Inc. (FVR) reported a net income of -$3.8M in fiscal year 2025, with a net profit margin of -5.7%.
What is FrontView REIT, Inc.'s EBITDA?
FrontView REIT, Inc. (FVR) had EBITDA of $27.5M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization.
How much debt does FrontView REIT, Inc. have?
As of fiscal year 2025, FrontView REIT, Inc. (FVR) had $13.5M in cash and equivalents against $314.3M in long-term debt.
What is FrontView REIT, Inc.'s operating margin?
FrontView REIT, Inc. (FVR) had an operating margin of -8.3% in fiscal year 2025, reflecting the profitability of core business operations before interest and taxes.
What is FrontView REIT, Inc.'s net profit margin?
FrontView REIT, Inc. (FVR) had a net profit margin of -5.7% in fiscal year 2025, representing the share of revenue converted into profit after all expenses.
What is FrontView REIT, Inc.'s return on equity (ROE)?
FrontView REIT, Inc. (FVR) has a return on equity of -1.0% for fiscal year 2025, measuring how efficiently the company generates profit from shareholder equity.
What is FrontView REIT, Inc.'s operating cash flow?
FrontView REIT, Inc. (FVR) generated $42.1M in operating cash flow during fiscal year 2025, representing cash generated from core business activities.
What are FrontView REIT, Inc.'s total assets?
FrontView REIT, Inc. (FVR) had $854.4M in total assets as of fiscal year 2025, including both current and long-term assets.
What is FrontView REIT, Inc.'s debt-to-equity ratio?
FrontView REIT, Inc. (FVR) had a debt-to-equity ratio of 0.80 as of fiscal year 2025, measuring the company's financial leverage by comparing total debt to shareholder equity.
What is FrontView REIT, Inc.'s return on assets (ROA)?
FrontView REIT, Inc. (FVR) had a return on assets of -0.4% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.
What is FrontView REIT, Inc.'s Piotroski F-Score?
FrontView REIT, Inc. (FVR) 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 FrontView REIT, Inc.'s earnings high quality?
FrontView REIT, Inc. (FVR) has an earnings quality ratio of -11.00x, 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.
Can FrontView REIT, Inc. cover its interest payments?
FrontView REIT, Inc. (FVR) has an interest coverage ratio of -0.3x, 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 FrontView REIT, Inc.?
FrontView REIT, Inc. (FVR) scores 49 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.