Orion Properties Inc Financials
Orion Properties Inc (ONL) reported $142.9M in revenue over the twelve months to Jun 30, 2026, down 6.5% from the prior twelve months. This page shows its 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).
Positive operating cash is coming from a shrinking asset base, while losses and leverage deepen as the company contracts.
From FY2023 to FY2025, operating cash flow fell from$89.1M to$23.6M . Because equity shrank faster than debt, the debt-to-equity ratio rose from 0.5x to 0.7x even as long-term borrowings were trimmed, which means the balance sheet is getting smaller more than it is deleveraging.
In FY2025, net loss of
Revenue dropped from
Financial Health Signals
Scored against REITs for FY2025. Each of the six dimensions is a percentile rank within that peer group; the overall is their average, with missing dimensions counted as zero out of six. A high score means strong standing among peers, not absolute cross-industry strength. How this score is calculated →
Health score ≠ stock price. This rates the quality of Orion Properties Inc'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.
Not available for Orion Properties Inc, and counted as zero in the overall score.
Not available for Orion Properties Inc, and counted as zero in the overall score.
Orion Properties Inc passes 3 of 7 computable financial strength tests (2 of the nine could not be computed from available data). 2 of 4 profitability signals pass, no leverage/liquidity signals pass (rising debt, declining liquidity, or share dilution), both operating efficiency signals pass.
Orion Properties Inc reported a net loss of $139.3M while generating $23.6M 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
Earnings & Revenue
Orion Properties Inc generated $147.6M in revenue in fiscal year 2025. This represents a decrease of 10.4% from the prior year.
Orion Properties Inc reported -$139.3M in net income in fiscal year 2025. This represents a decrease of 35.2% from the prior year.
Orion Properties Inc earned -$2.48 per diluted share (EPS) in fiscal year 2025. This represents a decrease of 34.8% from the prior year.
Not reported for fiscal year 2025.
Cash & Balance Sheet
Orion Properties Inc held $22.4M in cash against $465.0M in long-term debt as of fiscal year 2025.
Not reported for fiscal year 2025.
Not reported for fiscal year 2025.
Margins & Returns
Orion Properties Inc's net profit margin was -94.3% in fiscal year 2025, showing the share of revenue converted to profit. This is down 31.9 percentage points from the prior year.
Orion Properties Inc's ROE was -22.4% in fiscal year 2025, measuring profit generated per dollar of shareholder equity. This is down 8.9 percentage points from the prior year.
Not reported for fiscal year 2025.
Not reported for fiscal year 2025.
Capital Allocation
Orion Properties Inc repurchased no shares in fiscal year 2025.
Not reported for fiscal year 2025.
Not reported for fiscal year 2025.
ONL Income Statement
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type.
| Metric | Q2'26 | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $34.3M-5.4% | $36.3M+3.0% | $35.2M-5.1% | $37.1M-0.5% | $37.3M-1.8% | $38.0M-0.9% | $38.4M-2.1% | $39.2M |
| SG&A Expenses | $4.6M-10.3% | $5.1M-13.9% | $6.0M+29.6% | $4.6M-4.8% | $4.8M-1.2% | $4.9M-20.2% | $6.1M+37.3% | $4.5M |
| Income Tax | $71K0.0% | $71K+20.3% | $59K-11.9% | $67K0.0% | $67K+1.5% | $66K+650.0% | -$12K-115.8% | $76K |
| Net Income | $24.6M+281.0% | -$13.6M+62.1% | -$35.8M+48.1% | -$69.0M-175.0% | -$25.1M-168.2% | -$9.4M+71.4% | -$32.8M-220.7% | -$10.2M |
| EPS (Diluted) | $0.42+275.0% | -$0.24+62.5% | -$0.64+48.0% | -$1.23-173.3% | -$0.45-164.7% | -$0.17+70.7% | -$0.58-222.2% | -$0.18 |
Not reported in any period shown, so not listed: Cost of Revenue, Gross Profit, R&D Expenses, Operating Income, Interest Expense.
ONL Balance Sheet
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type.
| Metric | Q2'26 | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 |
|---|---|---|---|---|---|---|---|---|
| Total Assets | $1.1B-4.1% | $1.2B+1.5% | $1.2B-4.3% | $1.2B-5.1% | $1.3B-3.0% | $1.3B-0.6% | $1.3B-2.4% | $1.4B |
| Cash & Equivalents | $16.9M+64.2% | $10.3M-54.1% | $22.4M-31.5% | $32.6M+87.8% | $17.4M+85.3% | $9.4M-39.8% | $15.6M-5.8% | $16.6M |
| Accounts Receivable | $5.3M-61.6% | $13.8M+181.2% | $4.9M-0.9% | $4.9M+0.5% | $4.9M-5.0% | $5.2M-11.6% | $5.9M-26.1% | $7.9M |
| Total Liabilities | $506.0M-12.5% | $578.5M+6.0% | $546.0M-3.0% | $562.7M+0.7% | $558.9M-2.5% | $573.1M+0.3% | $571.2M+0.8% | $566.5M |
| Long-Term Debt | $436.6M-12.2% | $497.3M+6.9% | $465.0M-3.7% | $483.0M0.0% | $483.0M-4.4% | $505.0M+2.6% | $492.0M+1.4% | $485.0M |
| Total Equity | $632.8M+4.0% | $608.5M-2.4% | $623.2M-5.4% | $658.8M-9.5% | $728.0M-3.4% | $753.5M-1.4% | $763.9M-4.6% | $800.9M |
| Retained Earnings | -$520.0M+4.3% | -$543.4M-2.8% | -$528.5M-7.5% | -$491.5M-16.7% | -$421.3M-6.6% | -$395.0M-2.8% | -$384.3M-11.1% | -$345.9M |
Not reported in any period shown, so not listed: Current Assets, Inventory, Goodwill, Current Liabilities.
ONL Cash Flow Statement
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type.
| Metric | Q2'26 | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 |
|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | $16.1M+308.2% | -$7.7M-190.7% | $8.5M+48.4% | $5.7M-50.4% | $11.6M+614.6% | -$2.2M-118.0% | $12.5M-9.1% | $13.8M |
| Investing Cash Flow | $51.1M+406.3% | -$16.7M-294.5% | $8.6M+81.9% | $4.7M-71.6% | $16.6M+226.6% | -$13.1M-57.8% | -$8.3M+78.2% | -$38.1M |
| Financing Cash Flow | -$64.2M-364.1% | $24.3M+226.4% | -$19.2M-1549.9% | -$1.2M+95.0% | -$23.2M-447.5% | $6.7M+384.9% | $1.4M-91.9% | $17.0M |
| Dividends Paid | $1.1M+0.6% | $1.1M+6.7% | $1.1M-8.6% | $1.2M-0.5% | $1.2M-79.2% | $5.6M+2.4% | $5.5M-2.3% | $5.6M |
| Share Buybacks | N/A | N/A | N/A | N/A | N/A | N/A | $0 | N/A |
Not reported in any period shown, so not listed: Capital Expenditures, Free Cash Flow.
ONL Financial Ratios
Margins and returns are percentages; the remaining ratios are unitless multiples.
| Metric | Q2'26 | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 |
|---|---|---|---|---|---|---|---|---|
| Net Margin | 71.7%+109.1pp | -37.4% | -101.7% | -186.0% | -67.3%-42.7pp | -24.6%+60.8pp | -85.4%-59.3pp | -26.1% |
| Return on Equity | 3.9%+6.1pp | -2.2%+3.5pp | -5.7%+4.7pp | -10.5%-7.0pp | -3.5%-2.2pp | -1.2%+3.0pp | -4.3%-3.0pp | -1.3% |
| Return on Assets | 2.2%+3.3pp | -1.1%+1.9pp | -3.1%+2.6pp | -5.7%-3.7pp | -1.9%-1.3pp | -0.7%+1.8pp | -2.5%-1.7pp | -0.8% |
| Debt-to-Equity | 0.69-0.1x | 0.82+0.1x | 0.750.0x | 0.73+0.1x | 0.660.0x | 0.670.0x | 0.640.0x | 0.61 |
Not reported in any period shown, so not listed: Gross Margin, Operating Margin, Current Ratio, FCF Margin.
Reported as filed but not readable as a share of revenue in the periods where the ratio runs further from zero than a revenue base allows; no change figure is given where either compared period is one of those: Net Margin.
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Where Orion Properties Inc Ranks
Frequently Asked Questions
What is Orion Properties Inc's annual revenue?
Orion Properties Inc (ONL) reported $147.6M in total revenue for fiscal year 2025. This represents a -10.4% 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 Orion Properties Inc's revenue growing?
Orion Properties Inc (ONL) revenue declined by 10.4% year-over-year, from $164.9M to $147.6M in fiscal year 2025.
Is Orion Properties Inc profitable?
No, Orion Properties Inc (ONL) reported a net income of -$139.3M in fiscal year 2025, with a net profit margin of -94.3%.
How much debt does Orion Properties Inc have?
As of fiscal year 2025, Orion Properties Inc (ONL) had $22.4M in cash and equivalents against $465.0M in long-term debt.
What is Orion Properties Inc's net profit margin?
Orion Properties Inc (ONL) had a net profit margin of -94.3% in fiscal year 2025, representing the share of revenue converted into profit after all expenses.
What is Orion Properties Inc's return on equity (ROE)?
Orion Properties Inc (ONL) has a return on equity of -22.4% for fiscal year 2025, measuring how efficiently the company generates profit from shareholder equity.
What is Orion Properties Inc's operating cash flow?
Orion Properties Inc (ONL) generated $23.6M in operating cash flow during fiscal year 2025, representing cash generated from core business activities.
What are Orion Properties Inc's total assets?
Orion Properties Inc (ONL) had $1.2B in total assets as of fiscal year 2025, including both current and long-term assets.
What is Orion Properties Inc's debt-to-equity ratio?
Orion Properties Inc (ONL) had a debt-to-equity ratio of 0.75 as of fiscal year 2025, 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 -11.9% for fiscal year 2025, 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 3 out of 7 computable signals; 2 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.
Are Orion Properties Inc's earnings high quality?
Orion Properties Inc (ONL) reported a net loss of $139.3M while generating $23.6M 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.
How financially healthy is Orion Properties Inc?
Orion Properties Inc (ONL) scores 23 out of 100 on our Financial Health Score, indicating weak standing within its REITs peer group. The score is a 0-100 composite of six dimensions (FFO Margin, FFO Growth, Leverage, Interest Cov., AFFO Margin, Dividend Cov.), each ranked as a percentile relative to companies in the same scoring family (banks against banks, REITs against REITs, and so on) rather than across all industries. It rates the quality of the business, not whether the stock is fairly priced, and is not financial advice. Learn more in our complete guide to financial health indicators.