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Greystone Housing Impact Investors (GHI) Financials

GHI
Trailing 12 months to June 30, 2026
Revenue $81.2M -13.6% YoY
Net Income -$2.0M YoY not available
EPS (Diluted) -$0.38 -123.5% YoY
Operating Cash Flow $17.1M -44.9% YoY
Market Cap $154.3M as of Sep 3, 2026
Price / Sales 1.9x on $81.2M 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 0.4x on $366.2M equity, 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 Sep 3, 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 Currency USD FYE December

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

Greystone Housing Impact Investors (GHI) reported $81.2M in revenue over the twelve months to Jun 30, 2026, down 13.6% from the prior twelve months. This page shows its 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).

Rhea AI GHI FY2025

Reported earnings have weakened sharply, while positive operating cash flow and elevated liabilities make financing structure the central business mechanic.

Net margin fell from 23.4% in FY2024 to -8.9% in FY2025 while interest expense remained substantial, making financing costs a persistent drag. Operating cash flow rose from $18.0M in FY2024 to $37.5M in FY2025 despite the loss, so accounting earnings and cash generation moved in opposite directions.

Debt-to-equity ratio rose from 2.5x in FY2023 to 3.0x in FY2025, signaling a balance sheet financed much more by liabilities than the earlier structure. Equity also slipped from $431.7M in FY2023 to $379.6M in FY2025, leaving less capital beneath those obligations.

FY2025 investing cash flow contributed $66.3M while financing cash flow was -$80.3M, showing that capital movements materially shaped cash changes beyond day-to-day operations. The combination of positive operating cash flow and negative net income makes cash conversion more informative than the headline earnings figure.

[ NOT FINANCIAL ADVICE ]

Financial Health Signals

Financial health score not available

Greystone Housing Impact Investors does not currently provide enough eligible data for a peer-relative financial health score, so none is published. The signals and metrics below are current.

Piotroski F-Score Partial
2/5

Greystone Housing Impact Investors passes 2 of 5 computable financial strength tests (4 of the nine could not be computed from available data). 2 of 4 profitability signals pass, neither operating efficiency signal passes.

Earnings Quality Mixed
N/A

Greystone Housing Impact Investors reported a net loss of $7.6M while generating $37.5M 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.

Key Financial Metrics

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Earnings & Revenue

Revenue
$21.2M
YoY-7.1%
QoQ-2.7%
5Y CAGR+5.2%
10Y CAGR+3.6%

Greystone Housing Impact Investors generated $21.2M in revenue in Q2 2026. This represents a decrease of 7.1% from the same quarter a year earlier. Against the prior quarter it is down 2.7%.

Net Income
-$1.5M
YoY+81.6%
QoQ-214.8%

Greystone Housing Impact Investors reported -$1.5M in net income in Q2 2026. This represents an increase of 81.6% from the same quarter a year earlier. Against the prior quarter it is down 214.8%.

EPS (Diluted)
-$0.11
YoY+72.5%

Greystone Housing Impact Investors earned -$0.11 per diluted share (EPS) in Q2 2026. This represents an increase of 72.5% from the same quarter a year earlier.

EBITDA

Not reported for Q2 2026.

Cash & Balance Sheet

Cash & Debt
$30.9M
YoY-34.9%
QoQ+49.9%
5Y CAGR-9.9%
10Y CAGR-3.2%

Greystone Housing Impact Investors held $30.9M in cash as of Q2 2026; long-term debt is not reported for that period.

Shares Outstanding
24M
YoY-0.1%
5Y CAGR-17.2%

Greystone Housing Impact Investors had 24M shares outstanding in Q2 2026. This represents a decrease of 0.1% from the same quarter a year earlier.

Free Cash Flow

Not reported for Q2 2026.

Dividends Per Share

Not reported for Q2 2026.

Margins & Returns

Net Margin
-7.2%
YoY+29.0pp
QoQ-13.3pp

Greystone Housing Impact Investors's net profit margin was -7.2% in Q2 2026, showing the share of revenue converted to profit. This is up 29.0 percentage points from the same quarter a year earlier. Against the prior quarter it is down 13.3 percentage points.

Return on Equity
-0.4%
YoY+1.8pp
QoQ-0.8pp

Greystone Housing Impact Investors's ROE was -0.4% in Q2 2026, measuring profit generated per dollar of shareholder equity. This is up 1.8 percentage points from the same quarter a year earlier. Against the prior quarter it is down 0.8 percentage points.

Gross Margin

Not reported for Q2 2026.

Operating Margin

Not reported for Q2 2026.

Capital Allocation

None of these metrics is reported for Q2 2026.

GHI 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.

GHI quarterly income statement
MetricQ2'2610-QQ1'2610-QQ4'2510-QQ3'2510-QQ2'2510-QQ1'2510-QQ4'2410-KQ3'2410-Q
Revenue$21.2M-7.1%$21.8M-10.4%$16.6M-26.6%$21.7M-11.0%$22.8M+3.8%$24.3M+8.7%$22.6M-10.3%$24.3M-8.0%
SG&A Expenses$4.0M-13.5%$4.7M+1.8%$4.9M$4.8M-5.8%$4.7M-3.0%$4.6M-7.3%N/A$5.1M-4.0%
Operating IncomeN/AN/AN/AN/AN/AN/A$10.1M+63.3%-$4.6M-147.6%
EBITDAN/AN/AN/AN/AN/AN/A$10.1M+55.6%-$4.6M-145.6%
Interest Expense-$13.4M+3.7%-$13.2M+2.4%-$9.9M-$13.1M+15.2%-$13.9M+6.7%-$13.5M+2.2%N/A-$15.5M+13.6%
Income Tax-$3K-0.9%-$3K+2.2%$835K-$2K-4.2%-$3K-251.4%-$3K-128.1%N/A-$2K-131.9%
Net Income-$1.5M+81.6%$1.3M-44.8%-$3.7M$2.0M+142.5%-$8.3M-259.4%$2.4M-77.4%N/A-$4.6M-147.6%
EPS (Basic)-$0.11+72.5%$0.01-85.7%-$0.31-179.5%$0.03+113.0%-$0.40-310.5%$0.07-83.3%$0.39+62.5%-$0.23-159.0%
EPS (Diluted)-$0.11+72.5%$0.01-$0.31-179.5%$0.03-$0.40-310.5%$0.07-83.3%$0.39+62.5%-$0.23-159.0%

Not reported in any period shown, so not listed: Cost of Revenue, Gross Profit, R&D Expenses, Diluted Shares (Avg).

GHI Balance Sheet

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.

GHI quarterly balance sheet
MetricQ2'2610-QQ1'2610-QQ4'2510-QQ3'2510-QQ2'2510-QQ1'2510-QQ4'2410-KQ3'2410-Q
Total Assets$1.4B-6.3%$1.5B-1.1%$1.5B-4.9%$1.5B-4.1%$1.5B-3.1%$1.5B+3.4%$1.6B+4.4%$1.5B+0.2%
Cash & Equivalents$30.9M-34.9%$20.6M-59.9%$39.5M+168.7%$36.2M-3.2%$47.5M+39.5%$51.4M-8.7%$14.7M-61.2%$37.4M-36.6%
Short-Term Investments$0$0$0$0$0$0$0$0
Long-Term Investments$0$0$0$0$0$0$0$0
Total Liabilities$1.0B-7.6%$1.1B-2.4%$1.1B-6.1%$1.1B-3.9%$1.1B-1.9%$1.1B+11.6%$1.2B+10.6%$1.1B-1.3%
Total Equity$366.2M-2.7%$368.5M+3.2%$379.6M-1.0%$388.8M-4.5%$376.2M-6.7%$357.3M-16.4%$383.4M-11.2%$407.3M+4.5%

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

GHI Cash Flow 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.

GHI quarterly cash flow statement
MetricQ2'2610-QQ1'2610-QQ4'2510-QQ3'2510-QQ2'2510-QQ1'2510-QQ4'2410-KQ3'2410-Q
Operating Cash Flow$1.2M-88.7%-$107K-101.0%$8.6M+85.8%$7.4M+50.7%$10.5M+107.8%$11.0M+225.6%$4.6M-2.0%$4.9M-31.4%
Depreciation & Amortization$3.3M+123567.7%$2.7M+77437.9%$1K-75.8%$1K-77.6%$3K-55.6%$4K-40.6%$6K-98.1%$6K-98.6%
Investing Cash Flow$108.0M+209.7%-$15.8M-126.0%-$33.0M+50.4%$3.8M+134.6%$34.9M+133.5%$60.7M-21.0%-$66.6M-315.9%-$11.1M-116.0%
Financing Cash Flow-$100.1M-95.3%-$6.6M+82.8%$29.7M-34.7%-$20.2M-749.0%-$51.3M-164.8%-$38.5M+32.4%$45.5M+148.0%$3.1M+104.2%

Not reported in any period shown, so not listed: Stock-Based Compensation, Capital Expenditures, Free Cash Flow, Dividends Paid, Share Buybacks.

GHI 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.

GHI quarterly financial ratios
MetricQ2'2610-QQ1'2610-QQ4'2510-QQ3'2510-QQ2'2510-QQ1'2510-QQ4'2410-KQ3'2410-Q
Operating MarginN/AN/AN/AN/AN/AN/A44.9%+20.2pp-19.0%-55.8pp
Net Margin-7.2%+29.0pp6.1%-3.8pp-22.5%9.1%+28.1pp-36.2%-59.8pp9.9%-37.7ppN/A-19.0%-55.8pp
Return on Equity-0.4%+1.8pp0.4%-0.3pp-1.0%0.5%+1.7pp-2.2%-3.5pp0.7%-1.8ppN/A-1.1%-3.6pp
Return on Assets-0.1%+0.4pp0.1%-0.1pp-0.3%0.1%+0.4pp-0.6%-0.9pp0.2%-0.6ppN/A-0.3%-0.9pp
Debt-to-Equity2.79-0.1x3.03-0.2x2.96-0.2x2.820.0x2.94+0.1x3.21+0.8x3.12+0.6x2.80+2.7x
Asset Turnover0.020.0x0.010.0x0.010.0x0.010.0x0.020.0x0.020.0x0.010.0x0.020.0x

Not reported in any period shown, so not listed: Gross Margin, Current Ratio, FCF Margin.

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
Greystone Housing Impact Investors GHI FY2025 $85.4M -$7.6M -8.9% $154.3M
Security Natl SNFCA FY2025 $344.6M N/A N/A $229.7M 31/100
Income Opport IOR FY2025 N/A $4.0M N/A $78.6M
Onity Group Inc ONIT FY2025 $1.1B $189.5M 17.8% $284.9M 6/100
Better Home & Finance Holding Company BETR FY2025 $164.9M -$165.9M N/A $233.7M 51/100
Velocity Financial, Inc. VEL FY2025 N/A $105.0M N/A $715.8M

Frequently Asked Questions

What is Greystone Housing Impact Investors's annual revenue?

Greystone Housing Impact Investors (GHI) reported $85.4M in total revenue for fiscal year 2025. This represents a -6.4% 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 6.4% year-over-year, from $91.3M to $85.4M in fiscal year 2025.

Is Greystone Housing Impact Investors profitable?

No, Greystone Housing Impact Investors (GHI) reported a net income of -$7.6M in fiscal year 2025, with a net profit margin of -8.9%.

Greystone Housing Impact Investors (GHI) reported diluted earnings per share of -$0.52 for fiscal year 2025. 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.

Greystone Housing Impact Investors (GHI) had a net profit margin of -8.9% in fiscal year 2025, representing the share of revenue converted into profit after all expenses.

Greystone Housing Impact Investors (GHI) has a return on equity of -2.0% for fiscal year 2025, measuring how efficiently the company generates profit from shareholder equity.

Greystone Housing Impact Investors (GHI) generated $37.5M in operating cash flow during fiscal year 2025, representing cash generated from core business activities.

Greystone Housing Impact Investors (GHI) had $1.5B in total assets as of fiscal year 2025, including both current and long-term assets.

Greystone Housing Impact Investors (GHI) had 0 shares outstanding as of fiscal year 2025.

Greystone Housing Impact Investors (GHI) had a debt-to-equity ratio of 2.96 as of fiscal year 2025, measuring the company's financial leverage by comparing total debt to shareholder equity.

Greystone Housing Impact Investors (GHI) had a return on assets of -0.5% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.

Greystone Housing Impact Investors (GHI) 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 $154.3M as of Sep 3, 2026; a multiple compares that price with a filed figure and says nothing about the quality of the business.

Greystone Housing Impact Investors (GHI) trades at 1.9x sales, its market capitalization divided by revenue of $81.2M revenue, trailing 12 months to June 30, 2026. The market capitalization is $154.3M as of Sep 3, 2026; a multiple compares that price with a filed figure and says nothing about the quality of the business.

Greystone Housing Impact Investors (GHI) 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.

Greystone Housing Impact Investors (GHI) reported a net loss of $7.6M while generating $37.5M 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.

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