Peakstone Realty Financials
This page shows Peakstone Realty (PKST) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 12 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).
Balance-sheet shrinkage is the main mechanic here, as asset sales fund deleveraging while cash operations remain positive.
FY2025 shows a balance-sheet reset: assets nearly halved to$1.35B while liabilities fell to$574M . That shift matches$834M of investing inflow and-$911M of financing outflow, implying the company sold assets and routed most of the proceeds to reduce obligations rather than to expand.
The sharpest disconnect is earnings quality: FY2025 net income was
The smaller portfolio is also a less leveraged but still burdened business: interest expense reached
Financial Health Signals
Scored against emerging companies 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 Peakstone Realty'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.
Peakstone Realty passes 4 of 7 computable financial strength tests (2 of the nine could not be computed from available data). 2 of 4 profitability signals pass, 1 of 2 leverage/liquidity signals pass, both operating efficiency signals pass.
For every $1 of reported earnings, Peakstone Realty generates $-0.22 in operating cash flow ($68.7M OCF vs -$307.7M net income). This mixed ratio suggests some earnings may rely on non-cash accounting items.
Peakstone Realty earns $-0.3 in operating income for every $1 of interest expense (-$14.2M vs $56.6M). This narrow margin raises concern about the company's ability to service its debt if operating income declines.
Key Financial Metrics
Earnings & Revenue
Peakstone Realty generated $106.0M in revenue in fiscal year 2025. This represents a decrease of 8.9% from the prior year.
Peakstone Realty's EBITDA was $38.0M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization. This represents an increase of 1930.1% from the prior year.
Peakstone Realty reported -$307.7M in net income in fiscal year 2025. This represents a decrease of 2851.6% from the prior year.
Peakstone Realty earned $-8.37 per diluted share (EPS) in fiscal year 2025. This represents a decrease of 2690.0% from the prior year.
Cash & Balance Sheet
Peakstone Realty held $138.7M in cash against $474.0M in long-term debt as of fiscal year 2025.
Peakstone Realty paid $0.65 per share in dividends in fiscal year 2025. This represents a decrease of 27.8% from the prior year.
Peakstone Realty had 37M shares outstanding in fiscal year 2025. This represents an increase of 1.2% from the prior year.
Margins & Returns
Peakstone Realty's operating margin was -13.4% in fiscal year 2025, reflecting core business profitability. This is up 25.8 percentage points from the prior year.
Peakstone Realty's net profit margin was -290.3% in fiscal year 2025, showing the share of revenue converted to profit. This is down 281.4 percentage points from the prior year.
Peakstone Realty's ROE was -41.3% in fiscal year 2025, measuring profit generated per dollar of shareholder equity. This is down 40.3 percentage points from the prior year.
Capital Allocation
Peakstone Realty spent $0 on share buybacks in fiscal year 2025, returning capital to shareholders by reducing shares outstanding.
PKST Income Statement
| Metric | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $25.7M | N/A | $25.8M-52.2% | $54.0M+88.2% | $28.7M | N/A | $26.7M-52.2% | $56.0M |
| 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 | $9.2M | N/A | $8.1M-3.9% | $8.4M-1.2% | $8.6M | N/A | $9.1M+0.1% | $9.1M |
| Operating Income | -$305K | N/A | $1.2M+100.4% | -$272.7M-2117.0% | -$12.3M | N/A | -$42.1M-735.3% | $6.6M |
| Interest Expense | $7.7M | N/A | $16.7M+10.0% | $15.1M+5.8% | $14.3M | N/A | $12.6M-20.4% | $15.8M |
| Income Tax | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Net Income | -$17.5M | N/A | $3.5M+101.3% | -$265.3M-437.2% | -$49.4M | N/A | -$24.4M-547.4% | -$3.8M |
| EPS (Diluted) | $-0.47 | N/A | $0.09+101.2% | $-7.22-434.8% | $-1.35 | N/A | $-0.67-509.1% | $-0.11 |
PKST Balance Sheet
| Metric | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 |
|---|---|---|---|---|---|---|---|---|
| Total Assets | $1.3B-1.8% | $1.4B-31.9% | $2.0B-9.3% | $2.2B-15.6% | $2.6B-3.0% | $2.7B+9.5% | $2.4B-10.5% | $2.7B |
| Current Assets | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Cash & Equivalents | $109.7M-20.9% | $138.7M-57.5% | $326.1M+23.3% | $264.4M+29.6% | $204.0M+39.2% | $146.5M-39.3% | $241.6M-45.9% | $446.8M |
| 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 | $68.4M0.0% | $68.4M0.0% | $68.4M0.0% | $68.4M0.0% | $68.4M0.0% | $68.4M-7.7% | $74.1M0.0% | $74.1M |
| Total Liabilities | $564.9M-1.6% | $574.1M-52.5% | $1.2B-14.5% | $1.4B-6.7% | $1.5B-0.5% | $1.5B+16.2% | $1.3B-15.0% | $1.5B |
| Current Liabilities | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Long-Term Debt | $475.1M+0.2% | $474.0M-54.3% | $1.0B-16.8% | $1.2B-7.4% | $1.3B+0.1% | $1.3B+15.1% | $1.2B-17.1% | $1.4B |
| Total Equity | $731.3M-1.9% | $745.4M+0.6% | $741.1M+0.1% | $740.3M-27.4% | $1.0B-6.1% | $1.1B+3.6% | $1.0B-4.5% | $1.1B |
| Retained Earnings | -$1.2B-1.5% | -$1.1B+0.3% | -$1.1B+0.3% | -$1.2B-29.9% | -$887.7M-5.9% | -$838.3M+1.5% | -$851.0M-3.0% | -$826.6M |
PKST Cash Flow Statement
| Metric | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 |
|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | -$9.7M | N/A | $28.6M+46.5% | $19.5M-3.4% | $20.2M-36.2% | $31.7M+42.6% | $22.2M-9.4% | $24.5M |
| 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 | -$14.0M | N/A | $253.1M+68.4% | $150.3M+220.6% | $46.9M+114.7% | -$318.8M-1009.2% | $35.1M+377.4% | $7.3M |
| Financing Cash Flow | -$6.4M | N/A | -$220.2M-101.8% | -$109.1M-1070.3% | -$9.3M-105.3% | $174.5M+169.3% | -$251.8M-1295.4% | -$18.0M |
| Dividends Paid | $3.8M | N/A | $8.4M0.0% | $8.4M+1.3% | $8.3M+0.5% | $8.3M-0.6% | $8.3M+0.7% | $8.3M |
| Share Buybacks | N/A | N/A | N/A | N/A | N/A | $0 | $0 | $0 |
PKST 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 | -1.2% | N/A | 4.5%+509.2pp | -504.8%-461.9pp | -42.9% | N/A | -157.7%-169.5pp | 11.9% |
| Net Margin | -68.2% | N/A | 13.6%+504.6pp | -491.1%-319.0pp | -172.0% | N/A | -91.3%-84.5pp | -6.7% |
| Return on Equity | -2.4% | N/A | 0.5%+36.3pp | -35.8%-31.0pp | -4.9% | N/A | -2.3%-2.0pp | -0.3% |
| Return on Assets | -1.3% | N/A | 0.2%+12.3pp | -12.1%-10.2pp | -1.9% | N/A | -1.0%-0.9pp | -0.1% |
| Current Ratio | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Debt-to-Equity | 0.65+0.0 | 0.64-0.8 | 1.40-0.3 | 1.68+0.4 | 1.32+0.1 | 1.24+0.1 | 1.11-0.2 | 1.28 |
| 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 Peakstone Realty's annual revenue?
Peakstone Realty (PKST) reported $106.0M in total revenue for fiscal year 2025. This represents a -8.9% 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 Peakstone Realty's revenue growing?
Peakstone Realty (PKST) revenue declined by 8.9% year-over-year, from $116.4M to $106.0M in fiscal year 2025.
Is Peakstone Realty profitable?
No, Peakstone Realty (PKST) reported a net income of -$307.7M in fiscal year 2025, with a net profit margin of -290.3%.
What is Peakstone Realty's EBITDA?
Peakstone Realty (PKST) had EBITDA of $38.0M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization.
How much debt does Peakstone Realty have?
As of fiscal year 2025, Peakstone Realty (PKST) had $138.7M in cash and equivalents against $474.0M in long-term debt.
What is Peakstone Realty's operating margin?
Peakstone Realty (PKST) had an operating margin of -13.4% in fiscal year 2025, reflecting the profitability of core business operations before interest and taxes.
What is Peakstone Realty's net profit margin?
Peakstone Realty (PKST) had a net profit margin of -290.3% in fiscal year 2025, representing the share of revenue converted into profit after all expenses.
Does Peakstone Realty pay dividends?
Yes, Peakstone Realty (PKST) paid $0.65 per share in dividends during fiscal year 2025.
What is Peakstone Realty's return on equity (ROE)?
Peakstone Realty (PKST) has a return on equity of -41.3% for fiscal year 2025, measuring how efficiently the company generates profit from shareholder equity.
What is Peakstone Realty's operating cash flow?
Peakstone Realty (PKST) generated $68.7M in operating cash flow during fiscal year 2025, representing cash generated from core business activities.
What are Peakstone Realty's total assets?
Peakstone Realty (PKST) had $1.4B in total assets as of fiscal year 2025, including both current and long-term assets.
What is Peakstone Realty's debt-to-equity ratio?
Peakstone Realty (PKST) had a debt-to-equity ratio of 0.64 as of fiscal year 2025, measuring the company's financial leverage by comparing total debt to shareholder equity.
What is Peakstone Realty's return on assets (ROA)?
Peakstone Realty (PKST) had a return on assets of -22.8% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.
What is Peakstone Realty's Piotroski F-Score?
Peakstone Realty (PKST) has a Piotroski F-Score of 4 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 Peakstone Realty's earnings high quality?
Peakstone Realty (PKST) has an earnings quality ratio of -0.22x, 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.
Can Peakstone Realty cover its interest payments?
Peakstone Realty (PKST) has an interest coverage ratio of -0.3x, meaning it can struggle to cover its interest obligations. This ratio divides operating income by interest expense. Ratios above 5x indicate strong debt-servicing ability, while ratios below 2x suggest the company may face difficulty meeting interest payments if earnings decline. Learn more in our complete guide to financial health indicators.
How financially healthy is Peakstone Realty?
Peakstone Realty (PKST) scores 37 out of 100 on our Financial Health Score, indicating weak standing within its emerging companies peer group. The score is a 0-100 composite of six dimensions (Cash Runway, Dilution, R&D Intensity, Revenue Progress, Burn Trend, Balance Sheet), 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.