FrontView REIT, Inc. Financials
FrontView REIT, Inc. (FVR) reported $69.5M in revenue over the twelve months to Jun 30, 2026. This page shows its income statement, balance sheet, cash flow statement, and key financial ratios. View 3 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).
FrontView’s operating leverage and cash conversion are improving, while interest burden and distributions keep reported earnings disconnected.
From FY2023 to FY2025, EBITDA and operating cash flow improved together, yet net margin worsened from-2.3% to-5.7% . With interest expense holding near$18M , the disconnect indicates that below-operating items still absorb the benefit of better operating performance.
Revenue expansion coincided with the operating margin loss narrowing from
The balance sheet shifted from almost no equity in FY2023 to
Financial Health Signals
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 FrontView REIT, 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.
FrontView REIT, Inc. passes 2 of 5 computable financial strength tests (4 of the nine could not be computed from available data). 2 of 3 profitability signals pass, no leverage/liquidity signals pass (rising debt, declining liquidity, or share dilution).
FrontView REIT, Inc. reported a net loss of $3.8M while generating $42.1M 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.
FrontView REIT, Inc. reported an operating loss of $5.6M against $18.0M in interest expense. There is no operating profit to cover interest, so interest must be met from cash reserves or from financing rather than from operations.
Key Financial Metrics
Earnings & Revenue
FrontView REIT, Inc. generated $67.1M in revenue in fiscal year 2025.
FrontView REIT, Inc.'s EBITDA was $27.5M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization.
FrontView REIT, Inc. reported -$3.8M in net income in fiscal year 2025.
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.
Not reported for fiscal year 2025.
Not reported for fiscal year 2025.
Margins & Returns
FrontView REIT, Inc.'s operating margin was -8.3% in fiscal year 2025, reflecting core business profitability.
FrontView REIT, Inc.'s net profit margin was -5.7% in fiscal year 2025, showing the share of revenue converted to profit.
FrontView REIT, Inc.'s ROE was -1.0% in fiscal year 2025, measuring profit generated per dollar of shareholder equity.
Not reported for fiscal year 2025.
Capital Allocation
None of these metrics is reported for fiscal year 2025.
FVR Income Statement
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type.
| Metric | Q2'26 | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $18.0M-1.0% | $18.2M+10.1% | $16.5M-1.7% | $16.8M-4.3% | $17.6M+8.1% | $16.2M+7.0% | $15.2M | N/A |
| SG&A Expenses | $3.8M+4.3% | $3.7M-1.7% | $3.7M+19.3% | $3.1M-5.1% | $3.3M+15.9% | $2.8M+1.5% | $2.8M | N/A |
| Operating Income | N/A | N/A | N/A | N/A | N/A | N/A | -$4.8M | N/A |
| Interest Expense | $4.2M-0.5% | $4.2M-2.2% | $4.3M-5.6% | $4.6M-1.8% | $4.6M+3.3% | $4.5M+30.3% | $3.5M | N/A |
| Income Tax | $94K+34.3% | $70K+3400.0% | $2K-96.2% | $52K-73.2% | $194K+90.2% | $102K-55.8% | $231K | N/A |
| Net Income | $1.2M+285.0% | $320K+107.8% | -$4.1M-202.4% | $4.0M+238.4% | -$2.9M-248.3% | -$833K+72.2% | -$3.0M | N/A |
| EPS (Diluted) | $0.03 | $0.00+100.0% | -$0.21-210.5% | $0.19+218.8% | -$0.16-166.7% | -$0.06+68.4% | -$0.19 | N/A |
Not reported in any period shown, so not listed: Cost of Revenue, Gross Profit, R&D Expenses.
FVR Balance Sheet
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type.
| Metric | Q2'26 | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 |
|---|---|---|---|---|---|---|---|---|
| Total Assets | $900.4M+3.5% | $869.8M+1.8% | $854.4M+0.9% | $846.8M-1.1% | $856.5M-0.5% | $860.8M+4.7% | $821.8M+82180800.0% | $1K |
| Cash & Equivalents | $6.0M-35.4% | $9.3M-31.2% | $13.5M-31.0% | $19.6M+134.3% | $8.4M+152.7% | $3.3M-35.0% | $5.1M | N/A |
| Accounts Receivable | $1.6M-28.7% | $2.3M-22.2% | $2.9M-10.0% | $3.3M-5.6% | $3.5M+37.7% | $2.5M+28.4% | $2.0M | N/A |
| Total Liabilities | $371.7M+4.5% | $355.6M-1.6% | $361.2M+5.4% | $342.6M-2.8% | $352.6M-34.2% | $536.2M+7.9% | $497.0M | $0 |
| Long-Term Debt | $329.1M+5.2% | $312.9M-0.4% | $314.3M+2.3% | $307.1M-3.1% | $316.9M+2.2% | $310.2M+16.4% | $266.5M | N/A |
| Total Equity | $437.3M+4.6% | $418.1M+6.9% | $391.2M+1.6% | $385.2M+4.1% | $369.9M+13.9% | $324.7M0.0% | $324.8M+32482000.0% | $1K |
| Retained Earnings | -$37.2M-13.0% | -$32.9M-16.8% | -$28.1M-46.0% | -$19.3M-3.0% | -$18.7M-63.8% | -$11.4M-67.3% | -$6.8M | N/A |
Not reported in any period shown, so not listed: Current Assets, Inventory, Goodwill, Current Liabilities.
FVR Cash Flow Statement
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type.
| Metric | Q2'26 | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 |
|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | $11.4M+60.8% | $7.1M-57.0% | $16.5M+100.0% | $8.3M-10.8% | $9.3M+14.3% | $8.1M+201.7% | $2.7M | N/A |
| Investing Cash Flow | -$41.4M-60.7% | -$25.7M-9.8% | -$23.4M-223.8% | $18.9M+520.0% | -$4.5M+90.5% | -$47.3M+55.0% | -$105.1M | N/A |
| Financing Cash Flow | $26.7M+84.9% | $14.4M+1579.7% | $858K+105.4% | -$16.0M-5319.0% | $306K-99.2% | $37.4M-60.7% | $95.0M | N/A |
| Dividends Paid | $4.8M+1.4% | $4.8M+3.9% | $4.6M-25.4% | $6.1M+2.6% | $6.0M+55.6% | $3.8M-37.1% | $6.1M | $0 |
Not reported in any period shown, so not listed: Capital Expenditures, Free Cash Flow, Share Buybacks.
FVR Financial Ratios
Margins and returns are percentages; the remaining ratios are unitless multiples.
| Metric | Q2'26 | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 |
|---|---|---|---|---|---|---|---|---|
| Operating Margin | N/A | N/A | N/A | N/A | N/A | N/A | -31.8% | N/A |
| Net Margin | 6.8%+5.1pp | 1.8%+26.7pp | -24.9%-48.8pp | 23.9%+40.4pp | -16.5%-11.4pp | -5.1%+14.6pp | -19.8% | N/A |
| Return on Equity | 0.3%+0.2pp | 0.1%+1.1pp | -1.1%-2.1pp | 1.0%+1.8pp | -0.8%-0.5pp | -0.3%+0.7pp | -0.9% | N/A |
| Return on Assets | 0.1%+0.1pp | 0.0%+0.5pp | -0.5%-0.9pp | 0.5%+0.8pp | -0.3%-0.2pp | -0.1%+0.3pp | -0.4% | N/A |
| Debt-to-Equity | 0.750.0x | 0.75-0.1x | 0.800.0x | 0.80-0.1x | 0.86-0.1x | 0.96+0.1x | 0.82+0.8x | 0.00 |
Not reported in any period shown, so not listed: Gross Margin, Current Ratio, FCF Margin.
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Where FrontView REIT, Inc. Ranks
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. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.
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 2 out of 5 computable signals; 4 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 FrontView REIT, Inc.'s earnings high quality?
FrontView REIT, Inc. (FVR) reported a net loss of $3.8M while generating $42.1M 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 FrontView REIT, Inc. cover its interest payments?
FrontView REIT, Inc. (FVR) reported an operating loss of $5.6M against $18.0M in interest expense. There is no operating profit to cover interest, so interest must be met from cash reserves or from financing rather than from operations. 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 52 out of 100 on our Financial Health Score, indicating moderate 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.