Netstreit Corp Financials

NTST

Source SEC Filings (10-K/10-Q) Updated Feb 10, 2026 Currency USD FYE February

This page shows Netstreit Corp (NTST) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 7 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 Neutral

5/9

Netstreit Corp passes 5 of 9 financial strength tests. All 4 profitability signals pass (positive income, cash flow, and earnings quality), no leverage/liquidity signals pass (rising debt, declining liquidity, or share dilution), both operating efficiency signals pass.

Earnings Quality Cash-Backed

15.78x

For every $1 of reported earnings, Netstreit Corp generates $15.78 in operating cash flow ($110K OCF vs $7K net income). This indicates profits are well-supported by actual cash generation, not accounting adjustments.

Key Financial Metrics

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Revenue

$195K

YoY-99.9%

5Y CAGR-64.3%

Netstreit Corp generated $195K in revenue in fiscal year 2025. This represents a decrease of 99.9% from the prior year.

EBITDA

N/A

Free Cash Flow

N/A

Net Income

$7K

YoY+100.1%

5Y CAGR-49.5%

Netstreit Corp reported $7K in net income in fiscal year 2025. This represents an increase of 100.1% from the prior year.

EPS (Diluted)

$0.08

YoY+150.0%

5Y CAGR+51.6%

Netstreit Corp earned $0.08 per diluted share (EPS) in fiscal year 2025. This represents an increase of 150.0% from the prior year.

Cash & Debt

$14.5M

YoY+1.0%

5Y CAGR-31.0%

Netstreit Corp held $14.5M in cash against $1.1M in long-term debt as of fiscal year 2025.

Dividends Per Share

$0.21

YoY-74.7%

5Y CAGR-6.9%

Netstreit Corp paid $0.21 per share in dividends in fiscal year 2025. This represents a decrease of 74.7% from the prior year.

Shares Outstanding

97M

YoY+19.0%

5Y CAGR+28.0%

Netstreit Corp had 97M shares outstanding in fiscal year 2025. This represents an increase of 19.0% from the prior year.

Gross Margin

N/A

Operating Margin

N/A

Net Margin

3.6%

YoY+10.9pp

5Y CAGR+2.9pp

Netstreit Corp's net profit margin was 3.6% in fiscal year 2025, showing the share of revenue converted to profit. This is up 10.9 percentage points from the prior year.

Return on Equity

0.5%

5Y CAGR+0.4pp

Netstreit Corp's ROE was 0.5% in fiscal year 2025, measuring profit generated per dollar of shareholder equity.

R&D Spending

N/A

Share Buybacks

$753

YoY-99.9%

5Y CAGR-64.7%

Netstreit Corp spent $753 on share buybacks in fiscal year 2025, returning capital to shareholders by reducing shares outstanding. This represents a decrease of 99.9% from the prior year.

Capital Expenditures

N/A

NTST Income Statement

Metric	FY25	FY24	FY23	FY22	FY21	FY20
Revenue	$195K-99.9%	$162.8M+23.4%	$131.9M+37.0%	$96.3M+62.8%	$59.1M+75.3%	$33.7M
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	$22K-99.9%	$19.7M-2.3%	$20.2M+5.9%	$19.1M+28.6%	$14.8M+30.6%	$11.3M
Operating Income	N/A	N/A	N/A	N/A	N/A	N/A
Interest Expense	$51K-99.8%	$30.3M+59.1%	$19.1M+107.6%	$9.2M+148.1%	$3.7M-22.0%	$4.7M
Income Tax	$54-99.9%	$49K+200.0%	-$49K-112.4%	$396K+571.2%	$59K	$0
Net Income	$7K+100.1%	-$12.0M-274.2%	$6.9M-16.0%	$8.2M+160.5%	$3.1M+1385.8%	$212K
EPS (Diluted)	$0.08+150.0%	$-0.16-245.5%	$0.11-31.3%	$0.16+100.0%	$0.08+700.0%	$0.01

Metric	Q4'25	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24	Q2'24	Q1'24
Revenue	$52.5M+8.7%	$48.3M0.0%	$48.3M+5.2%	$45.9M+4.1%	$44.1M+6.4%	$41.4M+4.7%	$39.6M+5.0%	$37.7M
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	$6.0M+16.0%	$5.1M-6.3%	$5.5M+5.9%	$5.2M+15.9%	$4.5M+4.0%	$4.3M-18.6%	$5.3M-7.7%	$5.7M
Operating Income	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Interest Expense	$14.6M+15.3%	$12.6M0.0%	$12.6M+10.3%	$11.5M+33.6%	$8.6M+7.7%	$8.0M+4.7%	$7.6M+23.0%	$6.2M
Income Tax	$13K+8.3%	$12K-7.7%	$13K-18.8%	$16K-11.1%	$18K+800.0%	$2K-83.3%	$12K-29.4%	$17K
Net Income	$1.4M+119.6%	$618K-81.1%	$3.3M+93.5%	$1.7M+131.0%	-$5.5M-3.1%	-$5.3M-131.1%	-$2.3M-319.2%	$1.0M
EPS (Diluted)	$0.010.0%	$0.01-75.0%	$0.04+100.0%	$0.02+128.6%	$-0.070.0%	$-0.07-133.3%	$-0.03-400.0%	$0.01

NTST Balance Sheet

Metric	FY25	FY24	FY23	FY22	FY21	FY20
Total Assets	$2.6M-99.9%	$2.3B+16.1%	$1.9B+21.2%	$1.6B+50.3%	$1.1B+47.2%	$725.8M
Current Assets	N/A	N/A	N/A	N/A	N/A	N/A
Cash & Equivalents	$14.5M+1.0%	$14.3M-52.2%	$29.9M-57.6%	$70.5M+827.8%	$7.6M-91.8%	$92.6M
Inventory	N/A	N/A	N/A	N/A	N/A	N/A
Accounts Receivable	$10K-99.9%	$9.8M-2.6%	$10.1M+40.6%	$7.2M+155.9%	$2.8M+88.1%	$1.5M
Goodwill	N/A	N/A	N/A	N/A	N/A	N/A
Total Liabilities	$1.2M-99.9%	$921.2M+36.9%	$672.8M+22.9%	$547.3M+96.4%	$278.6M+40.9%	$197.7M
Current Liabilities	N/A	N/A	N/A	N/A	N/A	N/A
Long-Term Debt	$1.1M-99.9%	$868.3M+42.8%	$607.9M+23.7%	$491.5M+106.9%	$237.5M+37.4%	$172.9M
Total Equity	$1.4M-99.9%	$1.3B+5.2%	$1.3B+20.6%	$1.0B+34.6%	$779.2M+57.7%	$494.1M
Retained Earnings	$252K+100.1%	-$188.0M-67.5%	-$112.3M-67.7%	-$66.9M-90.6%	-$35.1M-370.5%	-$7.5M

Metric	Q4'25	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24	Q2'24	Q1'24
Total Assets	$2.6B+5.9%	$2.5B+6.8%	$2.3B+1.2%	$2.3B+1.1%	$2.3B+3.4%	$2.2B+4.2%	$2.1B+3.6%	$2.0B
Current Assets	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Cash & Equivalents	$14.5M-72.9%	$53.3M+170.1%	$19.7M+39.0%	$14.2M-0.8%	$14.3M-50.2%	$28.8M+109.5%	$13.7M-38.5%	$22.3M
Inventory	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Accounts Receivable	$9.7M+10.5%	$8.8M-1.1%	$8.9M-14.6%	$10.4M+5.8%	$9.8M-9.2%	$10.8M-3.1%	$11.1M+3.1%	$10.8M
Goodwill	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Total Liabilities	$1.2B0.0%	$1.2B+17.6%	$988.2M+1.7%	$971.8M+5.5%	$921.2M+9.9%	$837.9M+7.4%	$780.1M+3.1%	$756.4M
Current Liabilities	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Long-Term Debt	$1.1B-0.1%	$1.1B+18.4%	$926.6M+1.4%	$913.3M+5.2%	$868.3M+11.5%	$778.7M+7.2%	$726.2M+3.4%	$702.6M
Total Equity	$1.4B+11.3%	$1.3B-1.3%	$1.3B+0.8%	$1.3B-1.8%	$1.3B-0.7%	$1.3B+2.3%	$1.3B+3.9%	$1.3B
Retained Earnings	-$251.9M-7.2%	-$235.1M-8.0%	-$217.6M-6.9%	-$203.5M-8.2%	-$188.0M-13.7%	-$165.4M-15.1%	-$143.7M-13.8%	-$126.3M

NTST Cash Flow Statement

Metric	FY25	FY24	FY23	FY22	FY21	FY20
Operating Cash Flow	$110K-99.9%	$90.2M+12.5%	$80.2M+58.3%	$50.6M+60.9%	$31.5M+146.9%	$12.7M
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	$449K+100.1%	-$432.9M+4.2%	-$452.0M+3.5%	-$468.4M-8.9%	-$430.1M-18.8%	-$362.1M
Financing Cash Flow	$339K-99.9%	$327.1M-1.2%	$331.2M-31.1%	$480.7M+53.3%	$313.6M+15.0%	$272.7M
Dividends Paid	$70K-99.9%	$63.5M+22.8%	$51.7M+30.7%	$39.5M+30.9%	$30.2M+274.4%	$8.1M
Share Buybacks	$753-99.9%	$1.5M+117.7%	$688K-53.5%	$1.5M+193.3%	$504K+267.9%	$137K

Metric	Q4'25	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24	Q2'24	Q1'24
Operating Cash Flow	$28.8M+3.0%	$28.0M-8.7%	$30.6M+38.7%	$22.1M-21.2%	$28.0M+11.7%	$25.1M-1.0%	$25.4M+117.7%	$11.7M
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	-$209.3M-46.6%	-$142.8M-195.1%	-$48.4M-0.2%	-$48.3M+57.4%	-$113.5M+1.7%	-$115.5M-8.2%	-$106.7M-9.8%	-$97.2M
Financing Cash Flow	$141.7M-4.5%	$148.4M+537.1%	$23.3M-10.8%	$26.1M-63.3%	$71.0M-32.6%	$105.4M+44.8%	$72.7M-6.7%	$78.0M
Dividends Paid	$18.0M+0.1%	$17.9M+4.6%	$17.2M0.0%	$17.2M+0.1%	$17.1M+5.4%	$16.3M+8.0%	$15.0M+0.1%	$15.0M
Share Buybacks	$10K-89.8%	$98K+36.1%	$72K-87.4%	$573K+231.2%	$173K+80.2%	$96K-40.0%	$160K-85.0%	$1.1M

NTST Financial Ratios

Metric	FY25	FY24	FY23	FY22	FY21	FY20
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	3.6%+10.9pp	-7.4%-12.6pp	5.2%-3.3pp	8.5%+3.2pp	5.3%+4.7pp	0.6%
Return on Equity	0.5%	N/A	0.5%-0.2pp	0.8%+0.4pp	0.4%+0.4pp	0.0%
Return on Assets	0.3%+0.8pp	-0.5%-0.9pp	0.4%-0.2pp	0.5%+0.2pp	0.3%+0.3pp	0.0%
Current Ratio	N/A	N/A	N/A	N/A	N/A	N/A
Debt-to-Equity	0.76+0.1	0.65+0.2	0.48+0.0	0.47+0.2	0.30-0.0	0.35
FCF Margin	N/A	N/A	N/A	N/A	N/A	N/A

Metric	Q4'25	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24	Q2'24	Q1'24
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	2.6%+1.3pp	1.3%-5.5pp	6.8%+3.1pp	3.7%+16.1pp	-12.4%+0.4pp	-12.8%-7.0pp	-5.8%-8.6pp	2.8%
Return on Equity	0.1%+0.0pp	0.1%-0.2pp	0.3%+0.1pp	0.1%	N/A	N/A	N/A	0.1%
Return on Assets	0.1%+0.0pp	0.0%-0.1pp	0.1%+0.1pp	0.1%+0.3pp	-0.2%0.0pp	-0.2%-0.1pp	-0.1%-0.2pp	0.1%
Current Ratio	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Debt-to-Equity	0.76-0.1	0.84+0.1	0.700.0	0.70+0.0	0.65+0.1	0.58+0.0	0.550.0	0.56
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 Netstreit Corp's annual revenue?

Netstreit Corp (NTST) reported $195K in total revenue for fiscal year 2025. This represents a -99.9% 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 Netstreit Corp's revenue growing?

Netstreit Corp (NTST) revenue declined by 99.9% year-over-year, from $162.8M to $195K in fiscal year 2025.

Is Netstreit Corp profitable?

Yes, Netstreit Corp (NTST) reported a net income of $7K in fiscal year 2025, with a net profit margin of 3.6%.

What is Netstreit Corp's earnings per share (EPS)?

Netstreit Corp (NTST) reported diluted earnings per share of $0.08 for fiscal year 2025. This represents a 150.0% 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.

How much debt does Netstreit Corp have?

As of fiscal year 2025, Netstreit Corp (NTST) had $14.5M in cash and equivalents against $1.1M in long-term debt.

What is Netstreit Corp's net profit margin?

Netstreit Corp (NTST) had a net profit margin of 3.6% in fiscal year 2025, representing the share of revenue converted into profit after all expenses.

Does Netstreit Corp pay dividends?

Yes, Netstreit Corp (NTST) paid $0.21 per share in dividends during fiscal year 2025.

What is Netstreit Corp's return on equity (ROE)?

Netstreit Corp (NTST) has a return on equity of 0.5% for fiscal year 2025, measuring how efficiently the company generates profit from shareholder equity.

What is Netstreit Corp's operating cash flow?

Netstreit Corp (NTST) generated $110K in operating cash flow during fiscal year 2025, representing cash generated from core business activities.

What are Netstreit Corp's total assets?

Netstreit Corp (NTST) had $2.6M in total assets as of fiscal year 2025, including both current and long-term assets.

Does Netstreit Corp buy back shares?

Yes, Netstreit Corp (NTST) spent $753 on share buybacks during fiscal year 2025, returning capital to shareholders by reducing shares outstanding.

How many shares does Netstreit Corp have outstanding?

Netstreit Corp (NTST) had 97M shares outstanding as of fiscal year 2025.

What is Netstreit Corp's debt-to-equity ratio?

Netstreit Corp (NTST) had a debt-to-equity ratio of 0.76 as of fiscal year 2025, measuring the company's financial leverage by comparing total debt to shareholder equity.

What is Netstreit Corp's return on assets (ROA)?

Netstreit Corp (NTST) had a return on assets of 0.3% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.

What is Netstreit Corp's Piotroski F-Score?

Netstreit Corp (NTST) 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 7–9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.

Are Netstreit Corp's earnings high quality?

Netstreit Corp (NTST) has an earnings quality ratio of 15.78x, considered cash-backed (high 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.