Orion Properties Inc Financials

ONL

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

This page shows Orion Properties Inc (ONL) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 6 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

Orion Properties Inc 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

-0.53x

For every $1 of reported earnings, Orion Properties Inc generates $-0.53 in operating cash flow ($54.3M OCF vs -$103.0M net income). This mixed ratio suggests some earnings may rely on non-cash accounting items.

Key Financial Metrics

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Revenue

$164.9M

YoY-15.5%

5Y CAGR+25.3%

Orion Properties Inc generated $164.9M in revenue in fiscal year 2024. This represents a decrease of 15.5% from the prior year.

EBITDA

N/A

Free Cash Flow

N/A

Net Income

-$103.0M

YoY-79.8%

Orion Properties Inc reported -$103.0M in net income in fiscal year 2024. This represents a decrease of 79.8% from the prior year.

EPS (Diluted)

$-1.84

YoY-80.4%

Orion Properties Inc earned $-1.84 per diluted share (EPS) in fiscal year 2024. This represents a decrease of 80.4% from the prior year.

Cash & Debt

$15.6M

YoY-30.6%

Orion Properties Inc held $15.6M in cash against $492.0M in long-term debt as of fiscal year 2024.

Dividends Per Share

N/A

Shares Outstanding

56M

YoY+0.3%

Orion Properties Inc had 56M shares outstanding in fiscal year 2024. This represents an increase of 0.3% from the prior year.

Gross Margin

N/A

Operating Margin

N/A

Net Margin

-62.5%

YoY-33.1pp

5Y CAGR-91.1pp

Orion Properties Inc's net profit margin was -62.5% in fiscal year 2024, showing the share of revenue converted to profit. This is down 33.1 percentage points from the prior year.

Return on Equity

N/A

R&D Spending

N/A

Share Buybacks

YoY-100.0%

Orion Properties Inc spent $0 on share buybacks in fiscal year 2024, returning capital to shareholders by reducing shares outstanding. This represents a decrease of 100.0% from the prior year.

Capital Expenditures

N/A

ONL Income Statement

Metric	FY24	FY23	FY22	FY21	FY20	FY19
Revenue	$164.9M-15.5%	$195.0M-6.3%	$208.1M+161.0%	$79.7M+49.1%	$53.5M0.0%	$53.5M
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	$20.1M+7.3%	$18.7M+17.7%	$15.9M+315.1%	$3.8M+86.8%	$2.1M+0.3%	$2.0M
Operating Income	N/A	N/A	N/A	N/A	N/A	N/A
Interest Expense	N/A	-$29.7M+1.7%	-$30.2M-607.1%	-$4.3M-45.6%	-$2.9M+11.6%	-$3.3M
Income Tax	$214K-53.1%	$456K+115.1%	$212K+35.0%	$157K	$0	$0
Net Income	-$103.0M-79.8%	-$57.3M+41.2%	-$97.5M-105.3%	-$47.5M-2400.3%	-$1.9M-112.4%	$15.3M
EPS (Diluted)	$-1.84-80.4%	$-1.02+40.7%	$-1.72-104.8%	$-0.84-2700.0%	$-0.03-111.1%	$0.27

Metric	Q3'25	Q2'25	Q1'25	Q4'23	Q3'24	Q2'24	Q1'24	Q4'22
Revenue	$37.1M-0.5%	$37.3M-1.8%	$38.0M-13.1%	$43.8M-10.9%	$49.1M-5.7%	$52.0M+3.7%	$50.2M-0.2%	$50.3M
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	$4.6M-4.8%	$4.8M-1.2%	$4.9M-10.6%	$5.5M+25.5%	$4.4M-4.3%	$4.6M+5.9%	$4.3M-2.7%	$4.4M
Operating Income	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Interest Expense	N/A	N/A	-$8.1M-2.7%	-$7.9M-7.4%	-$7.4M-2.2%	-$7.2M-1.2%	-$7.1M+5.5%	-$7.6M
Income Tax	$67K0.0%	$67K+1.5%	$66K+234.7%	-$49K-130.6%	$160K-13.5%	$185K+15.6%	$160K+156.7%	-$282K
Net Income	-$69.0M-175.0%	-$25.1M-168.2%	-$9.4M+42.1%	-$16.2M+2.1%	-$16.5M-5.0%	-$15.7M-77.0%	-$8.9M+53.2%	-$19.0M
EPS (Diluted)	$-1.23-173.3%	$-0.45-164.7%	$-0.17+41.4%	$-0.290.0%	$-0.29-3.6%	$-0.28-75.0%	$-0.16+52.9%	$-0.34

ONL Balance Sheet

Metric	FY24	FY23	FY22	FY21	FY20	FY19
Total Assets	$1.3B-6.1%	$1.4B-9.4%	$1.6B-10.7%	$1.8B+222.0%	$546.4M	N/A
Current Assets	N/A	N/A	N/A	N/A	N/A	N/A
Cash & Equivalents	$15.6M-30.6%	$22.5M+8.9%	$20.6M-29.6%	$29.3M	$0	$0
Inventory	N/A	N/A	N/A	N/A	N/A	N/A
Accounts Receivable	$5.9M-35.0%	$9.0M-13.9%	$10.5M-41.6%	$17.9M+121.8%	$8.1M	N/A
Goodwill	N/A	N/A	N/A	N/A	N/A	N/A
Total Liabilities	$571.2M+6.4%	$536.9M-9.8%	$595.2M-11.3%	$671.2M+1261.1%	$49.3M	N/A
Current Liabilities	N/A	N/A	N/A	N/A	N/A	N/A
Long-Term Debt	$492.0M+4.5%	$471.0M-11.1%	$530.0M-14.1%	$616.8M+1564.8%	$37.1M	N/A
Total Equity	$763.9M-13.7%	$885.6M-9.1%	$974.5M-10.3%	$1.1B+118.6%	$497.1M-2.1%	$508.0M
Retained Earnings	-$384.3M-48.5%	-$258.8M-44.7%	-$178.9M-204.7%	-$58.7M	$0	N/A

Metric	Q3'25	Q2'25	Q1'25	Q4'23	Q3'24	Q2'24	Q1'24	Q4'22
Total Assets	$1.2B-5.1%	$1.3B-3.0%	$1.3B-6.7%	$1.4B-5.3%	$1.5B-1.5%	$1.5B-1.2%	$1.5B-1.5%	$1.6B
Current Assets	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Cash & Equivalents	$32.6M+87.8%	$17.4M+85.3%	$9.4M-58.2%	$22.5M-30.4%	$32.3M-23.5%	$42.2M+77.7%	$23.8M+15.1%	$20.6M
Inventory	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Accounts Receivable	$4.9M+0.5%	$4.9M-5.0%	$5.2M-42.5%	$9.0M-24.7%	$12.0M+8.9%	$11.0M-9.0%	$12.1M+15.3%	$10.5M
Goodwill	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Total Liabilities	$562.7M+0.7%	$558.9M-2.5%	$573.1M+6.7%	$536.9M-9.8%	$595.1M+0.8%	$590.2M+0.6%	$586.9M-1.4%	$595.2M
Current Liabilities	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Long-Term Debt	$483.0M0.0%	$483.0M-4.4%	$505.0M+7.2%	$471.0M-11.1%	$530.0M0.0%	$530.0M0.0%	$530.0M0.0%	$530.0M
Total Equity	$658.8M-9.5%	$728.0M-3.4%	$753.5M-14.9%	$885.6M-2.4%	$907.8M-3.0%	$936.3M-2.3%	$958.5M-1.6%	$974.5M
Retained Earnings	-$491.5M-16.7%	-$421.3M-6.6%	-$395.0M-52.6%	-$258.8M-9.2%	-$237.0M-10.3%	-$214.9M-11.1%	-$193.5M-8.2%	-$178.9M

ONL Cash Flow Statement

Metric	FY24	FY23	FY22	FY21	FY20	FY19
Operating Cash Flow	$54.3M-39.1%	$89.1M-22.0%	$114.2M+103.6%	$56.1M+32.6%	$42.3M+5.8%	$40.0M
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	-$51.3M-1069.2%	$5.3M-76.5%	$22.5M+283.3%	-$12.3M-2542.5%	-$464K+13.4%	-$536K
Financing Cash Flow	-$3.0M+96.7%	-$92.5M+16.5%	-$110.7M-500.3%	-$18.4M+55.7%	-$41.7M-8.0%	-$38.6M
Dividends Paid	$22.6M+0.1%	$22.6M-0.5%	$22.7M	N/A	N/A	N/A
Share Buybacks	$0-100.0%	$5.0M	$0	$0	$0	N/A

Metric	Q3'25	Q2'25	Q1'25	Q4'23	Q3'24	Q2'24	Q1'24	Q4'22
Operating Cash Flow	$5.7M-50.4%	$11.6M+614.6%	-$2.2M-111.5%	$19.5M-24.0%	$25.7M-21.0%	$32.5M+183.9%	$11.4M-59.6%	$28.3M
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	$4.7M-71.6%	$16.6M+226.6%	-$13.1M-713.6%	$2.1M-74.3%	$8.3M+409.6%	-$2.7M-8.7%	-$2.5M-142.6%	$5.8M
Financing Cash Flow	-$1.2M+95.0%	-$23.2M-447.5%	$6.7M+110.3%	-$64.6M-505.1%	-$10.7M+5.7%	-$11.3M-93.9%	-$5.8M+84.3%	-$37.2M
Dividends Paid	$1.2M-0.5%	$1.2M-14.3%	$1.4M-75.8%	$5.6M+0.6%	$5.6M-1.8%	$5.7M-0.7%	$5.7M+1.0%	$5.7M
Share Buybacks	$0	N/A	N/A	$0-100.0%	$4.9M	$0-100.0%	$74K	$0

ONL 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	-62.5%-33.1pp	-29.4%+17.5pp	-46.9%+12.7pp	-59.6%-56.0pp	-3.5%-32.1pp	28.6%
Return on Equity	N/A	N/A	N/A	N/A	N/A	3.0%
Return on Assets	-7.7%-3.7pp	-4.0%+2.2pp	-6.2%-3.5pp	-2.7%-2.4pp	-0.4%	N/A
Current Ratio	N/A	N/A	N/A	N/A	N/A	N/A
Debt-to-Equity	0.64+0.1	0.53-0.0	0.54-0.0	0.57+0.5	0.07	N/A
FCF Margin	N/A	N/A	N/A	N/A	N/A	N/A

Metric	Q3'25	Q2'25	Q1'25	Q4'23	Q3'24	Q2'24	Q1'24	Q4'22
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	-186.0%-118.7pp	-67.3%-42.7pp	-24.6%+12.3pp	-37.0%-3.3pp	-33.7%-3.4pp	-30.2%-12.5pp	-17.7%+20.0pp	-37.7%
Return on Equity	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Return on Assets	-5.7%-3.7pp	-1.9%-1.3pp	-0.7%+0.4pp	-1.1%-0.0pp	-1.1%-0.1pp	-1.0%-0.5pp	-0.6%+0.6pp	-1.2%
Current Ratio	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Debt-to-Equity	0.73+0.1	0.660.0	0.67+0.1	0.53-0.1	0.58+0.0	0.57+0.0	0.550.0	0.54
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 Orion Properties Inc's annual revenue?

Orion Properties Inc (ONL) reported $164.9M in total revenue for fiscal year 2024. This represents a -15.5% 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 Orion Properties Inc's revenue growing?

Orion Properties Inc (ONL) revenue declined by 15.5% year-over-year, from $195.0M to $164.9M in fiscal year 2024.

Is Orion Properties Inc profitable?

No, Orion Properties Inc (ONL) reported a net income of -$103.0M in fiscal year 2024, with a net profit margin of -62.5%.

What is Orion Properties Inc's earnings per share (EPS)?

Orion Properties Inc (ONL) reported diluted earnings per share of $-1.84 for fiscal year 2024. This represents a -80.4% 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 Orion Properties Inc have?

As of fiscal year 2024, Orion Properties Inc (ONL) had $15.6M in cash and equivalents against $492.0M in long-term debt.

What is Orion Properties Inc's net profit margin?

Orion Properties Inc (ONL) had a net profit margin of -62.5% in fiscal year 2024, representing the share of revenue converted into profit after all expenses.

What is Orion Properties Inc's operating cash flow?

Orion Properties Inc (ONL) generated $54.3M in operating cash flow during fiscal year 2024, representing cash generated from core business activities.

What are Orion Properties Inc's total assets?

Orion Properties Inc (ONL) had $1.3B in total assets as of fiscal year 2024, including both current and long-term assets.

How many shares does Orion Properties Inc have outstanding?

Orion Properties Inc (ONL) had 56M shares outstanding as of fiscal year 2024.

What is Orion Properties Inc's debt-to-equity ratio?

Orion Properties Inc (ONL) had a debt-to-equity ratio of 0.64 as of fiscal year 2024, measuring the company's financial leverage by comparing total debt to shareholder equity.

What is Orion Properties Inc's return on assets (ROA)?

Orion Properties Inc (ONL) had a return on assets of -7.7% for fiscal year 2024, measuring how efficiently the company uses its assets to generate profit.

What is Orion Properties Inc's Piotroski F-Score?

Orion Properties Inc (ONL) 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 Orion Properties Inc's earnings high quality?

Orion Properties Inc (ONL) has an earnings quality ratio of -0.53x, 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.