Innovative Industrial Properties, Inc. (IIPR) Revenue by Year

IIPR

Innovative Industrial Properties, Inc. generated $266.0M in revenue in fiscal year 2025. This represents a decrease of 13.8% from the prior fiscal year. Over the trailing 12 months, Q3 FY2025 through Q2 FY2026, the same line adds up to $263.7M in revenue. The table below carries 9 fiscal years, from 2017 to 2025, and the quarters Innovative Industrial Properties, Inc. has filed alongside them.

FY2025 annual

Revenue $266.0M

YoY -13.8%

5Y CAGR +17.9%

Source SEC Filings (10-K/10-Q) Latest period Q2 FY2026, ended Jun 30, 2026 Reported Aug 4, 2026 Currency USD

Annual figures, oldest first. Point at a bar to read its period.

IIPR Revenue by Fiscal Year

Figures are as reported in USD. Each change compares the year with the year before it, and each column links to the filing it was taken from.

Metric	TTM	FY2510-K	FY2410-K	FY2310-K	FY2210-K	FY2110-K	FY2010-K	FY1910-K	FY1810-K	FY1710-K
Revenue	$263.7M	$266.0M-13.8%	$308.5M-0.3%	$309.5M+12.0%	$276.4M+35.1%	$204.6M+75.0%	$116.9M+161.7%	$44.7M+202.1%	$14.8M+130.3%	$6.4M

TTM is the trailing twelve months, Q3 FY2025 through Q2 FY2026, summed from the four most recent quarterly filings.

IIPR Revenue by Quarter

Figures are as reported in USD. Each change compares the quarter with the same quarter a year earlier.

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	Q2'2410-Q	Q1'2410-Q	Q4'2310-K	Q3'2310-Q
Revenue	$63.3M+0.7%	$69.0M-3.8%	$66.7M-13.1%	$64.7M-15.5%	$62.9M-21.2%	$71.7M-4.9%	$76.7M-3.0%	$76.5M-1.7%	$79.8M+4.4%	$75.5M-0.8%	$79.2M+12.3%	$77.8M+9.8%

What revenue means

Revenue is everything the company billed its customers over the period, counted before any cost of running the business comes out of it.

More Innovative Industrial Properties, Inc. financials

Frequently Asked Questions

What was Innovative Industrial Properties, Inc.'s revenue in fiscal year 2025?

Innovative Industrial Properties, Inc. generated $266.0M in revenue in fiscal year 2025.

How fast is Innovative Industrial Properties, Inc.'s revenue growing?

Innovative Industrial Properties, Inc. (IIPR) revenue fell by 13.8% year over year, from $308.5M to $266.0M in fiscal year 2025.

What is Innovative Industrial Properties, Inc.'s revenue over the last twelve months?

Innovative Industrial Properties, Inc. (IIPR) reported $263.7M in revenue over the trailing 12 months, Q3 FY2025 through Q2 FY2026, summed from the four most recent quarterly filings.

How has Innovative Industrial Properties, Inc.'s revenue changed over the years?

Across the 9 fiscal years this page covers, Innovative Industrial Properties, Inc. (IIPR) revenue went from $6.4M in fiscal year 2017 to $266.0M in fiscal year 2025.

What was Innovative Industrial Properties, Inc.'s revenue in the most recent quarter?

Innovative Industrial Properties, Inc. (IIPR) reported $63.3M in revenue in Q2 2026. This represents an increase of 0.7% from the same quarter a year earlier.

What does revenue mean on a financial statement?

Revenue is everything the company billed its customers over the period, counted before any cost of running the business comes out of it. This page lists what Innovative Industrial Properties, Inc. (IIPR) reported on that line in every period on record.