Orion Properties Inc Financials
This page shows Orion Properties Inc (ONL) 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).
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
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 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.
Orion Properties Inc's revenue declined 10.4% year-over-year, from $164.9M to $147.6M. This contraction results in a growth score of 12/100.
Orion Properties Inc carries a low D/E ratio of 0.75, meaning only $0.75 of long-term debt for every $1 of shareholders' equity. This conservative leverage earns a score of 87/100, indicating a strong balance sheet with room for future borrowing.
Orion Properties Inc generates a -22.4% ROE, indicating limited profit relative to shareholders' investment. This results in a returns score of 0/100. This is down from -13.5% the prior year.
Orion Properties Inc passes 3 of 9 financial strength tests. 2 of 4 profitability signals pass, no leverage/liquidity signals pass (rising debt, declining liquidity, or share dilution), both operating efficiency signals pass.
For every $1 of reported earnings, Orion Properties Inc generates $-0.17 in operating cash flow ($23.6M OCF vs -$139.3M net income). This mixed ratio suggests some earnings may rely on non-cash accounting items.
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.
Cash & Balance Sheet
Orion Properties Inc held $22.4M in cash against $465.0M in long-term debt as of fiscal year 2025.
Orion Properties Inc had 56M shares outstanding in fiscal year 2025. This represents an increase of 0.6% from the prior year.
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.
Capital Allocation
Orion Properties Inc spent $0 on share buybacks in fiscal year 2025, returning capital to shareholders by reducing shares outstanding.
ONL Income Statement
| Metric | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $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-2.4% | $40.1M |
| 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 | $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-1.7% | $4.5M |
| Operating Income | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Interest Expense | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Income Tax | $71K+20.3% | $59K-11.9% | $67K0.0% | $67K+1.5% | $66K+650.0% | -$12K-115.8% | $76K+4.1% | $73K |
| Net Income | -$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+69.8% | -$33.8M |
| EPS (Diluted) | $-0.24 | N/A | $-1.23-173.3% | $-0.45-164.7% | $-0.17 | N/A | $-0.18+70.0% | $-0.60 |
ONL Balance Sheet
| Metric | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 |
|---|---|---|---|---|---|---|---|---|
| Total Assets | $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+2.2% | $1.3B |
| Current Assets | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Cash & Equivalents | $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-31.6% | $24.2M |
| Inventory | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Accounts Receivable | $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+12.9% | $7.0M |
| Goodwill | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Total Liabilities | $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+8.5% | $522.4M |
| Current Liabilities | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Long-Term Debt | $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+5.0% | $462.0M |
| Total Equity | $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-1.9% | $816.1M |
| Retained Earnings | -$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-4.8% | -$330.1M |
ONL Cash Flow Statement
| Metric | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 |
|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | -$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-19.0% | $17.0M |
| 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 | -$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-3416.6% | -$1.1M |
| Financing Cash Flow | $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+209.2% | -$15.6M |
| Dividends Paid | $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-0.6% | $5.6M |
| Share Buybacks | N/A | N/A | N/A | N/A | N/A | $0 | N/A | N/A |
ONL Financial Ratios
| 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 | -37.4%+64.2pp | -101.7%+84.3pp | -186.0%-118.7pp | -67.3%-42.7pp | -24.6%+60.8pp | -85.4%-59.3pp | -26.1%+58.2pp | -84.2% |
| Return on Equity | -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%+2.9pp | -4.1% |
| Return on Assets | -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%+1.8pp | -2.5% |
| Current Ratio | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Debt-to-Equity | 0.82+0.1 | 0.75+0.0 | 0.73+0.1 | 0.660.0 | 0.67+0.0 | 0.64+0.0 | 0.61+0.0 | 0.57 |
| 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 $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 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 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) has an earnings quality ratio of -0.17x, 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 Orion Properties Inc?
Orion Properties Inc (ONL) scores 16 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.