Greystone Housing Impact Investors Financials

GHI

Source SEC Filings (10-K/10-Q) Updated Sep 30, 2025 Currency USD FYE December

This page shows Greystone Housing Impact Investors (GHI) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 16 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

Piotroski F-Score Weak

2/9

Greystone Housing Impact Investors 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.

Earnings Quality Mixed

0.84x

For every $1 of reported earnings, Greystone Housing Impact Investors generates $0.84 in operating cash flow ($18.0M OCF vs $21.3M net income). This mixed ratio suggests some earnings may rely on non-cash accounting items.

Key Financial Metrics

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Revenue

$91.3M

YoY-13.0%

5Y CAGR+7.9%

10Y CAGR+8.1%

Greystone Housing Impact Investors generated $91.3M in revenue in fiscal year 2024. This represents a decrease of 13.0% from the prior year.

EBITDA

N/A

Free Cash Flow

N/A

Net Income

$21.3M

YoY-60.5%

5Y CAGR-6.9%

10Y CAGR+3.6%

Greystone Housing Impact Investors reported $21.3M in net income in fiscal year 2024. This represents a decrease of 60.5% from the prior year.

EPS (Diluted)

$0.76

YoY-63.1%

Greystone Housing Impact Investors earned $0.76 per diluted share (EPS) in fiscal year 2024. This represents a decrease of 63.1% from the prior year.

Cash & Debt

$14.7M

YoY-61.2%

5Y CAGR-19.1%

10Y CAGR-11.4%

Greystone Housing Impact Investors held $14.7M in cash against $0 in long-term debt as of fiscal year 2024.

Dividends Per Share

N/A

Shares Outstanding

Greystone Housing Impact Investors had 0 shares outstanding in fiscal year 2024.

Gross Margin

N/A

Operating Margin

N/A

Net Margin

23.4%

YoY-28.1pp

5Y CAGR-25.6pp

10Y CAGR-12.5pp

Greystone Housing Impact Investors's net profit margin was 23.4% in fiscal year 2024, showing the share of revenue converted to profit. This is down 28.1 percentage points from the prior year.

Return on Equity

5.6%

YoY-6.9pp

5Y CAGR-1.4pp

10Y CAGR+0.7pp

Greystone Housing Impact Investors's ROE was 5.6% in fiscal year 2024, measuring profit generated per dollar of shareholder equity. This is down 6.9 percentage points from the prior year.

R&D Spending

N/A

Share Buybacks

N/A

Capital Expenditures

N/A

GHI Income Statement

Metric	FY24	FY23	FY22	FY21	FY20	FY19
Revenue	$91.3M-13.0%	$104.9M+29.4%	$81.1M+18.4%	$68.5M+23.3%	$55.5M-10.9%	$62.3M
Cost of Revenue	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
R&D Expenses	N/A	N/A	N/A	N/A	N/A	N/A
SG&A Expenses	$19.7M-3.7%	$20.4M+16.9%	$17.4M+17.7%	$14.8M+13.8%	$13.0M-16.3%	$15.6M
Operating Income	N/A	N/A	N/A	N/A	N/A	N/A
Interest Expense	-$60.0M+13.1%	-$69.1M-58.6%	-$43.6M-98.5%	-$21.9M-3.4%	-$21.2M+14.2%	-$24.7M
Income Tax	$32K+198.6%	$11K+121.2%	-$51K-180.3%	$64K-20.3%	$80K+73.9%	$46K
Net Income	$21.3M-60.5%	$54.0M-17.6%	$65.6M+72.1%	$38.1M+428.5%	$7.2M-76.4%	$30.5M
EPS (Diluted)	$0.76-63.1%	$2.06-20.2%	$2.58+68.6%	$1.53	N/A	N/A

Metric	Q3'25	Q2'25	Q1'25	Q4'24	Q4'23	Q3'23	Q2'23	Q1'23
Revenue	$21.7M-8.1%	$23.6M-6.1%	$25.1M+11.2%	$22.6M-10.3%	$25.2M-4.9%	$26.5M-6.5%	$28.3M+13.5%	$24.9M
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	$4.8M+3.0%	$4.7M+2.3%	$4.6M-4.5%	$4.8M-2.1%	$4.9M-8.2%	$5.3M+4.3%	$5.1M+0.7%	$5.1M
Operating Income	-$4.6M-189.5%	$5.2M-51.4%	$10.6M+5.1%	$10.1M+63.3%	$6.2M-36.2%	$9.7M-54.3%	$21.3M+26.8%	$16.8M
Interest Expense	-$13.1M+7.6%	-$14.2M-0.6%	-$14.1M+10.8%	-$15.8M+6.0%	-$16.8M+6.0%	-$17.9M-1.8%	-$17.6M-5.5%	-$16.7M
Income Tax	-$2K+25.8%	-$3K-1.1%	-$3K-107.5%	$36K+2502.5%	-$2K-124.5%	$6K+637.2%	-$1K-115.6%	$7K
Net Income	$2.0M+127.8%	-$7.1M-312.6%	$3.3M-67.2%	$10.1M+63.3%	$6.2M-36.2%	$9.7M-54.3%	$21.3M+26.8%	$16.8M
EPS (Diluted)	$0.03+108.6%	$-0.35-418.2%	$0.11-71.8%	$0.39+62.5%	$0.24-38.5%	$0.39-53.6%	$0.84+42.4%	$0.59

GHI Balance Sheet

Metric	FY24	FY23	FY22	FY21	FY20	FY19
Total Assets	$1.6B+4.4%	$1.5B-3.4%	$1.6B+13.1%	$1.4B+17.9%	$1.2B+14.2%	$1.0B
Current Assets	N/A	N/A	N/A	N/A	N/A	N/A
Cash & Equivalents	$14.7M-61.2%	$37.9M-25.9%	$51.2M-25.0%	$68.3M+53.5%	$44.5M+5.2%	$42.3M
Inventory	N/A	N/A	N/A	N/A	N/A	N/A
Accounts Receivable	N/A	N/A	N/A	N/A	N/A	N/A
Goodwill	N/A	N/A	N/A	N/A	N/A	N/A
Total Liabilities	$1.2B+10.6%	$1.1B-5.8%	$1.1B+25.0%	$919.0M+27.5%	$721.1M+21.6%	$592.8M
Current Liabilities	N/A	N/A	N/A	N/A	N/A	N/A
Long-Term Debt	N/A	N/A	$1.7M-93.7%	$26.8M+3.2%	$26.0M-3.0%	$26.8M
Total Equity	$383.4M-11.2%	$431.7M+3.2%	$418.4M-10.4%	$466.9M+2.8%	$454.2M+4.1%	$436.3M
Retained Earnings	N/A	N/A	N/A	N/A	N/A	N/A

Metric	Q3'25	Q2'25	Q1'25	Q4'24	Q4'23	Q3'23	Q2'23	Q1'23
Total Assets	$1.5B+0.4%	$1.5B-3.7%	$1.5B-2.7%	$1.6B+4.4%	$1.5B-2.1%	$1.5B-6.7%	$1.7B+1.5%	$1.6B
Current Assets	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Cash & Equivalents	$36.2M-23.8%	$47.5M-7.6%	$51.4M+249.5%	$14.7M-61.2%	$37.9M-35.6%	$58.9M-0.6%	$59.2M+13.7%	$52.1M
Inventory	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Accounts Receivable	N/A	N/A	N/A	N/A	N/A	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	$1.1B-0.7%	$1.1B-3.6%	$1.1B-4.2%	$1.2B+10.6%	$1.1B-6.5%	$1.2B-3.6%	$1.2B+1.2%	$1.2B
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	$26.5M	N/A	N/A
Total Equity	$388.8M+3.4%	$376.2M-4.0%	$391.8M+2.2%	$383.4M-11.2%	$431.7M+10.8%	$389.8M-14.6%	$456.7M+2.3%	$446.5M
Retained Earnings	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A

GHI Cash Flow Statement

Metric	FY24	FY23	FY22	FY21	FY20	FY19
Operating Cash Flow	$18.0M-27.8%	$24.9M+18.0%	$21.1M-37.8%	$33.9M+114.2%	$15.8M-12.0%	$18.0M
Capital Expenditures	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
Investing Cash Flow	-$105.2M-296.4%	$53.6M+119.2%	-$278.6M-48.6%	-$187.5M-391.5%	-$38.1M-264.5%	$23.2M
Financing Cash Flow	$70.8M+157.4%	-$123.4M-162.3%	$198.2M+8.6%	$182.5M+78.7%	$102.1M+426.5%	-$31.3M
Dividends Paid	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

Metric	Q3'25	Q2'25	Q1'25	Q4'24	Q4'23	Q3'23	Q2'23	Q1'23
Operating Cash Flow	$8.4M-17.8%	$10.2M-1.5%	$10.3M+122.6%	$4.6M-2.0%	$4.7M-33.9%	$7.2M-44.1%	$12.8M+6332.2%	$199K
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	$2.9M-91.8%	$35.2M-42.6%	$61.3M+192.0%	-$66.6M-315.9%	$30.9M-55.5%	$69.3M+746.4%	-$10.7M+70.1%	-$35.9M
Financing Cash Flow	-$20.2M+60.6%	-$51.3M-33.3%	-$38.5M-184.6%	$45.5M+148.0%	-$94.7M-26.8%	-$74.7M-611.8%	$14.6M-53.5%	$31.4M
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

GHI Financial Ratios

Metric	FY24	FY23	FY22	FY21	FY20	FY19
Gross Margin	N/A	N/A	N/A	N/A	N/A	N/A
Operating Margin	N/A	N/A	N/A	N/A	N/A	N/A
Net Margin	23.4%-28.1pp	51.5%-29.4pp	80.9%+25.2pp	55.7%+42.7pp	13.0%-36.0pp	48.9%
Return on Equity	5.6%-6.9pp	12.5%-3.2pp	15.7%+7.5pp	8.2%+6.6pp	1.6%-5.4pp	7.0%
Return on Assets	1.4%-2.2pp	3.6%-0.6pp	4.2%+1.4pp	2.8%+2.1pp	0.6%-2.4pp	3.0%
Current Ratio	N/A	N/A	N/A	N/A	N/A	N/A
Debt-to-Equity	3.12+0.6	2.51+2.5	0.00-0.1	0.060.0	0.060.0	0.06
FCF Margin	N/A	N/A	N/A	N/A	N/A	N/A

Metric	Q3'25	Q2'25	Q1'25	Q4'24	Q4'23	Q3'23	Q2'23	Q1'23
Gross Margin	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Operating Margin	-19.0%-42.6pp	23.6%-24.0pp	47.6%+2.7pp	44.9%+20.2pp	24.6%-12.1pp	36.8%-38.5pp	75.2%+7.9pp	67.3%
Net Margin	9.1%+39.1pp	-30.0%-43.2pp	13.2%-31.6pp	44.9%+20.2pp	24.6%-12.1pp	36.8%-38.5pp	75.2%+7.9pp	67.3%
Return on Equity	0.5%-0.8pp	1.3%+0.4pp	0.9%-1.8pp	2.6%+1.2pp	1.4%-1.1pp	2.5%-2.2pp	4.7%+0.9pp	3.8%
Return on Assets	0.1%+0.6pp	-0.5%-0.7pp	0.2%-0.4pp	0.6%+0.2pp	0.4%-0.2pp	0.6%-0.7pp	1.3%+0.3pp	1.0%
Current Ratio	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Debt-to-Equity	2.82-0.1	2.94+0.0	2.92-0.2	3.12+0.6	2.51+2.4	0.07-2.6	2.63-0.0	2.66
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 Greystone Housing Impact Investors's annual revenue?

Greystone Housing Impact Investors (GHI) reported $91.3M in total revenue for fiscal year 2024. This represents a -13.0% 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 Greystone Housing Impact Investors's revenue growing?

Greystone Housing Impact Investors (GHI) revenue declined by 13% year-over-year, from $104.9M to $91.3M in fiscal year 2024.

Is Greystone Housing Impact Investors profitable?

Yes, Greystone Housing Impact Investors (GHI) reported a net income of $21.3M in fiscal year 2024, with a net profit margin of 23.4%.

What is Greystone Housing Impact Investors's earnings per share (EPS)?

Greystone Housing Impact Investors (GHI) reported diluted earnings per share of $0.76 for fiscal year 2024. This represents a -63.1% 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 Greystone Housing Impact Investors's net profit margin?

Greystone Housing Impact Investors (GHI) had a net profit margin of 23.4% in fiscal year 2024, representing the share of revenue converted into profit after all expenses.

What is Greystone Housing Impact Investors's return on equity (ROE)?

Greystone Housing Impact Investors (GHI) has a return on equity of 5.6% for fiscal year 2024, measuring how efficiently the company generates profit from shareholder equity.

What is Greystone Housing Impact Investors's operating cash flow?

Greystone Housing Impact Investors (GHI) generated $18.0M in operating cash flow during fiscal year 2024, representing cash generated from core business activities.

What are Greystone Housing Impact Investors's total assets?

Greystone Housing Impact Investors (GHI) had $1.6B in total assets as of fiscal year 2024, including both current and long-term assets.

How many shares does Greystone Housing Impact Investors have outstanding?

Greystone Housing Impact Investors (GHI) had 0 shares outstanding as of fiscal year 2024.

What is Greystone Housing Impact Investors's debt-to-equity ratio?

Greystone Housing Impact Investors (GHI) had a debt-to-equity ratio of 3.12 as of fiscal year 2024, measuring the company's financial leverage by comparing total debt to shareholder equity.

What is Greystone Housing Impact Investors's return on assets (ROA)?

Greystone Housing Impact Investors (GHI) had a return on assets of 1.4% for fiscal year 2024, measuring how efficiently the company uses its assets to generate profit.

What is Greystone Housing Impact Investors's Piotroski F-Score?

Greystone Housing Impact Investors (GHI) 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 7–9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.

Are Greystone Housing Impact Investors's earnings high quality?

Greystone Housing Impact Investors (GHI) has an earnings quality ratio of 0.84x, 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.