What is Gladstone Ld's earnings per share (EPS)?

Gladstone Ld (LANDM) reported diluted earnings per share of $-0.29 for fiscal year 2025. This represents a 0.0% 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.

Gladstone Ld Financials

LANDM

Source SEC Filings (10-K/10-Q) Updated Mar 31, 2026 Currency USD FYE December

This page shows Gladstone Ld (LANDM) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 14 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 LANDM FY2025 2026-04-22

LANDM's visible mechanic is portfolio shrinkage funding deleveraging, while reported profit stays steadier than the cash actually arriving.

In the latest year, operating cash flow dropped to $7.0M even though net income held at $13.5M, so accounting profit and cash generation stopped moving together. Because investing cash flow was positive at $84.1M while financing cash flow was -$82.2M, cash appears to have been coming from asset sales or runoff that then funded payouts and debt reduction.

Over the last two years, long-term debt fell from $574.1M to $473.6M, and interest expense moved down with it. That pairing suggests the business has been easing its financing burden by harvesting balance-sheet assets, which can stabilize earnings without requiring meaningful revenue growth.

Total assets declined from $1.39B to $1.24B while revenue stayed in the same broad range, so the business is becoming smaller before it is becoming busier. With assets still far larger than annual revenue, balance-sheet productivity and cash conversion tell you more about operations than margin snapshots do.

Financial Health Signals

Financial Profile 22/100

Based on FY2025 annual data, averaged across the last 3 years for performance metrics (most-recent year weighted highest). How this score is calculated →

Health score ≠ stock price. This rates the quality of Gladstone Ld'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.

Growth

Gladstone Ld's revenue grew a modest 3.7% year-over-year to $88.3M. This slow but positive growth earns a score of 31/100.

Leverage

Gladstone Ld carries a low D/E ratio of 0.71, meaning only $0.71 of long-term debt for every $1 of shareholders' equity. This conservative leverage earns a score of 88/100, indicating a strong balance sheet with room for future borrowing.

Returns

Gladstone Ld generates a 2.0% ROE, indicating limited profit relative to shareholders' investment. This results in a returns score of 16/100. This is up from 1.9% the prior year.

Piotroski F-Score Neutral

5/9

Gladstone Ld passes 5 of 9 financial strength tests. 3 of 4 profitability signals pass, 1 of 2 leverage/liquidity signals pass, 1 of 2 efficiency signals pass.

Earnings Quality Mixed

0.52x

For every $1 of reported earnings, Gladstone Ld generates $0.52 in operating cash flow ($7.0M OCF vs $13.5M net income). This mixed ratio suggests some earnings may rely on non-cash accounting items.

Key Financial Metrics

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Earnings & Revenue

Revenue

$88.3M

YoY+3.7%

5Y CAGR+9.1%

Gladstone Ld generated $88.3M in revenue in fiscal year 2025. This represents an increase of 3.7% from the prior year.

EBITDA

N/A

Net Income

$13.5M

YoY+1.8%

5Y CAGR+22.4%

Gladstone Ld reported $13.5M in net income in fiscal year 2025. This represents an increase of 1.8% from the prior year.

EPS (Diluted)

$-0.29

YoY+0.0%

Gladstone Ld earned $-0.29 per diluted share (EPS) in fiscal year 2025. This represents an increase of 0.0% from the prior year.

Cash & Balance Sheet

Free Cash Flow

N/A

Cash & Debt

$27.2M

YoY+48.7%

5Y CAGR+24.1%

10Y CAGR+26.4%

Gladstone Ld held $27.2M in cash against $473.6M in long-term debt as of fiscal year 2025.

Dividends Per Share

N/A

Shares Outstanding

38M

YoY+5.1%

5Y CAGR+7.7%

10Y CAGR+17.2%

Gladstone Ld had 38M shares outstanding in fiscal year 2025. This represents an increase of 5.1% from the prior year.

Margins & Returns

Gross Margin

89.1%

YoY-10.9pp

Gladstone Ld's gross margin was 89.1% in fiscal year 2025, indicating the percentage of revenue retained after direct costs. This is down 10.9 percentage points from the prior year.

Operating Margin

N/A

Net Margin

15.3%

YoY-0.3pp

5Y CAGR+6.7pp

Gladstone Ld's net profit margin was 15.3% in fiscal year 2025, showing the share of revenue converted to profit. This is down 0.3 percentage points from the prior year.

Return on Equity

2.0%

YoY+0.1pp

5Y CAGR+0.7pp

10Y CAGR+2.2pp

Gladstone Ld's ROE was 2.0% in fiscal year 2025, measuring profit generated per dollar of shareholder equity. This is up 0.1 percentage points from the prior year.

Capital Allocation

R&D Spending

N/A

Share Buybacks

N/A

Capital Expenditures

N/A

LANDM Income Statement

Metric	FY25	FY24	FY23	FY22	FY21	FY20
Revenue	$88.3M+3.7%	$85.2M-5.7%	$90.4M+1.3%	$89.2M+18.5%	$75.3M+32.1%	$57.0M
Cost of Revenue	$9.6M	$0	$0	N/A	N/A	N/A
Gross Profit	$78.8M-7.6%	$85.2M-5.7%	$90.4M	N/A	N/A	N/A
R&D Expenses	N/A	N/A	N/A	N/A	N/A	N/A
SG&A Expenses	$2.3M-10.7%	$2.6M-10.2%	$2.9M+6.7%	$2.7M+28.1%	$2.1M+1.8%	$2.1M
Operating Income	N/A	N/A	N/A	N/A	N/A	N/A
Interest Expense	$20.0M-8.5%	$21.9M-7.5%	$23.7M-8.1%	$25.7M+3.4%	$24.9M+20.7%	$20.6M
Income Tax	N/A	N/A	N/A	N/A	N/A	N/A
Net Income	$13.5M+1.8%	$13.3M-8.8%	$14.6M+209.4%	$4.7M+34.7%	$3.5M-29.0%	$4.9M
EPS (Diluted)	$-0.290.0%	$-0.29-3.6%	$-0.28+34.9%	$-0.43-48.3%	$-0.29-45.0%	$-0.20

Metric	Q1'26	Q4'25	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24	Q2'24
Revenue	$16.6M-60.1%	$41.5M+133.1%	$17.8M+44.6%	$12.3M-26.8%	$16.8M-20.3%	$21.1M-6.5%	$22.6M+6.0%	$21.3M
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	$723K+23.6%	$585K+5.2%	$556K+6.9%	$520K-23.8%	$682K+7.9%	$632K-3.5%	$655K-15.2%	$772K
Operating Income	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Interest Expense	$4.7M-5.9%	$5.0M+3.5%	$4.8M-2.5%	$5.0M-3.9%	$5.2M-4.0%	$5.4M-0.2%	$5.4M-2.4%	$5.5M
Income Tax	$0	N/A	N/A	N/A	$0	N/A	N/A	N/A
Net Income	-$4.3M-202.2%	$4.2M+101.8%	$2.1M+126.5%	-$7.9M-152.1%	$15.1M+2697.8%	$540K+8900.0%	$6K+100.7%	-$823K
EPS (Diluted)	$-0.24	N/A	$-0.11+71.1%	$-0.38-252.0%	$0.25	N/A	$-0.16+15.8%	$-0.19

LANDM Balance Sheet

Metric	FY25	FY24	FY23	FY22	FY21	FY20
Total Assets	$1.2B-5.6%	$1.3B-5.4%	$1.4B-4.8%	$1.5B+7.8%	$1.4B+26.6%	$1.1B
Current Assets	N/A	N/A	N/A	N/A	N/A	N/A
Cash & Equivalents	$27.2M+48.7%	$18.3M-1.6%	$18.6M-69.6%	$61.1M+265.9%	$16.7M+81.3%	$9.2M
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	$568.9M-9.0%	$625.0M-6.4%	$667.7M-8.0%	$725.9M-4.8%	$762.5M+11.6%	$683.5M
Current Liabilities	N/A	N/A	N/A	N/A	N/A	N/A
Long-Term Debt	$473.6M-10.2%	$527.5M-8.1%	$574.1M-8.4%	$626.5M-6.2%	$668.0M+7.0%	$624.1M
Total Equity	$670.3M-2.5%	$687.2M-4.5%	$719.6M-1.6%	$731.4M+24.6%	$586.8M+52.9%	$383.8M
Retained Earnings	N/A	N/A	N/A	N/A	N/A	N/A

Metric	Q1'26	Q4'25	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24	Q2'24
Total Assets	$1.2B-2.9%	$1.2B+1.1%	$1.2B-2.6%	$1.3B-1.8%	$1.3B-2.3%	$1.3B-0.4%	$1.3B-2.6%	$1.4B
Current Assets	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Cash & Equivalents	$8.6M-68.3%	$27.2M+140.2%	$11.3M-62.9%	$30.5M-29.0%	$42.9M+134.8%	$18.3M+38.3%	$13.2M-73.4%	$49.8M
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	$515.4M-9.4%	$568.9M+0.9%	$564.0M-4.2%	$588.5M-0.6%	$591.9M-5.3%	$625.0M-0.3%	$626.7M-2.7%	$644.1M
Current Liabilities	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Long-Term Debt	$484.2M+2.2%	$473.6M-1.4%	$480.4M-3.2%	$496.4M-0.5%	$498.8M-5.4%	$527.5M-0.6%	$530.7M-3.4%	$549.4M
Total Equity	$688.3M+2.7%	$670.3M+1.3%	$661.8M-1.2%	$670.1M-2.9%	$689.9M+0.4%	$687.2M-0.6%	$691.2M-2.4%	$708.5M
Retained Earnings	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A

LANDM Cash Flow Statement

Metric	FY25	FY24	FY23	FY22	FY21	FY20
Operating Cash Flow	$7.0M-76.3%	$29.5M-26.3%	$40.1M-8.5%	$43.8M+35.2%	$32.4M+29.5%	$25.0M
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	$84.1M+32.8%	$63.3M+1780.1%	-$3.8M+95.6%	-$85.5M+71.0%	-$295.0M-8.1%	-$272.9M
Financing Cash Flow	-$82.2M+11.8%	-$93.2M-18.1%	-$78.9M-191.6%	$86.1M-68.1%	$270.1M+11.0%	$243.4M
Dividends Paid	$20.5M+1.8%	$20.1M+1.5%	$19.8M+4.7%	$18.9M+14.6%	$16.5M+37.0%	$12.0M
Share Buybacks	N/A	N/A	N/A	N/A	N/A	N/A

Metric	Q1'26	Q4'25	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24	Q2'24
Operating Cash Flow	$9.3M-12.4%	$10.6M+188.2%	-$12.0M-404.8%	$3.9M-11.6%	$4.5M-61.4%	$11.6M+947.3%	-$1.4M-108.6%	$15.9M
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	-$219K-102.9%	$7.7M-59.7%	$19.0M+773.8%	-$2.8M-104.7%	$60.2M+1742.0%	$3.3M+299.5%	-$1.6M-94.9%	-$841K
Financing Cash Flow	-$27.6M-1045.5%	-$2.4M+90.8%	-$26.1M-92.7%	-$13.6M+66.1%	-$40.0M-309.0%	-$9.8M+70.8%	-$33.5M-98.8%	-$16.9M
Dividends Paid	$5.8M+9.6%	$5.3M+3.7%	$5.1M0.0%	$5.1M0.0%	$5.1M+0.1%	$5.1M+0.9%	$5.0M+0.2%	$5.0M
Share Buybacks	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A

LANDM Financial Ratios

Metric	FY25	FY24	FY23	FY22	FY21	FY20
Gross Margin	89.1%-10.9pp	100.0%0.0pp	100.0%	N/A	N/A	N/A
Operating Margin	N/A	N/A	N/A	N/A	N/A	N/A
Net Margin	15.3%-0.3pp	15.6%-0.5pp	16.1%+10.8pp	5.3%+0.6pp	4.6%-4.0pp	8.6%
Return on Equity	2.0%+0.1pp	1.9%-0.1pp	2.0%+1.4pp	0.6%+0.0pp	0.6%-0.7pp	1.3%
Return on Assets	1.1%+0.1pp	1.0%-0.0pp	1.1%+0.7pp	0.3%+0.1pp	0.3%-0.2pp	0.5%
Current Ratio	N/A	N/A	N/A	N/A	N/A	N/A
Debt-to-Equity	0.71-0.1	0.77-0.0	0.80-0.1	0.86-0.3	1.14-0.5	1.63
FCF Margin	N/A	N/A	N/A	N/A	N/A	N/A

Metric	Q1'26	Q4'25	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24	Q2'24
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	N/A	N/A	N/A	N/A
Net Margin	-26.0%-36.2pp	10.2%-1.6pp	11.7%+75.8pp	-64.1%-154.0pp	89.9%+87.4pp	2.6%+2.5pp	0.0%+3.9pp	-3.9%
Return on Equity	-0.6%-1.3pp	0.6%+0.3pp	0.3%+1.5pp	-1.2%-3.4pp	2.2%+2.1pp	0.1%+0.1pp	0.0%+0.1pp	-0.1%
Return on Assets	-0.4%-0.7pp	0.3%+0.2pp	0.2%+0.8pp	-0.6%-1.8pp	1.2%+1.1pp	0.0%+0.0pp	0.0%+0.1pp	-0.1%
Current Ratio	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Debt-to-Equity	0.700.0	0.71-0.0	0.73-0.0	0.74+0.0	0.72-0.0	0.770.0	0.770.0	0.78
FCF Margin	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A

Frequently Asked Questions

What is Gladstone Ld's annual revenue?

Gladstone Ld (LANDM) reported $88.3M in total revenue for fiscal year 2025. This represents a 3.7% 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 Gladstone Ld's revenue growing?

Gladstone Ld (LANDM) revenue grew by 3.7% year-over-year, from $85.2M to $88.3M in fiscal year 2025.

Is Gladstone Ld profitable?

Yes, Gladstone Ld (LANDM) reported a net income of $13.5M in fiscal year 2025, with a net profit margin of 15.3%.

How much debt does Gladstone Ld have?

As of fiscal year 2025, Gladstone Ld (LANDM) had $27.2M in cash and equivalents against $473.6M in long-term debt.

What is Gladstone Ld's gross margin?

Gladstone Ld (LANDM) had a gross margin of 89.1% in fiscal year 2025, indicating the percentage of revenue retained after direct costs of goods sold.

What is Gladstone Ld's net profit margin?

Gladstone Ld (LANDM) had a net profit margin of 15.3% in fiscal year 2025, representing the share of revenue converted into profit after all expenses.

What is Gladstone Ld's return on equity (ROE)?

Gladstone Ld (LANDM) has a return on equity of 2.0% for fiscal year 2025, measuring how efficiently the company generates profit from shareholder equity.

What is Gladstone Ld's operating cash flow?

Gladstone Ld (LANDM) generated $7.0M in operating cash flow during fiscal year 2025, representing cash generated from core business activities.

What are Gladstone Ld's total assets?

Gladstone Ld (LANDM) had $1.2B in total assets as of fiscal year 2025, including both current and long-term assets.

How many shares does Gladstone Ld have outstanding?

Gladstone Ld (LANDM) had 38M shares outstanding as of fiscal year 2025.

What is Gladstone Ld's debt-to-equity ratio?

Gladstone Ld (LANDM) had a debt-to-equity ratio of 0.71 as of fiscal year 2025, measuring the company's financial leverage by comparing total debt to shareholder equity.

What is Gladstone Ld's return on assets (ROA)?

Gladstone Ld (LANDM) had a return on assets of 1.1% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.

What is Gladstone Ld's Piotroski F-Score?

Gladstone Ld (LANDM) has a Piotroski F-Score of 5 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 to 9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.

Are Gladstone Ld's earnings high quality?

Gladstone Ld (LANDM) has an earnings quality ratio of 0.52x, 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.

How financially healthy is Gladstone Ld?

Gladstone Ld (LANDM) scores 22 out of 100 on our Financial Profile, indicating weak 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.