What is Seritage Growth Properties's earnings per share (EPS)?

Seritage Growth Properties (SRG) reported diluted earnings per share of -$1.30 for fiscal year 2025. This represents a 53.9% 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.

Seritage Growth Properties (SRG) Financials

SRG

Trailing 12 months to June 30, 2026

Revenue $12.9M -23.7% YoY

Net Income -$54.0M +35.8% YoY

EPS (Diluted) -$1.04 +34.6% YoY

Operating Cash Flow -$21.0M +58.6% YoY

Market Cap $90.1M as of Oct 10, 2026

Price / Sales 7.0x on $12.9M revenue, trailing 12 months to June 30, 2026

Price / Earnings n/m net loss, so no earnings multiple, trailing 12 months to June 30, 2026

Price / Book 0.3x on $292.2M equity, Q2 FY2026

A multiple compares the market's price with a filed figure; it says what the market pays, not how the business is doing. The market capitalization is the vendor's as of Oct 10, 2026; every other figure is from the SEC filings on this page. Not financial advice.

Source SEC Filings (10-K/10-Q) Latest period Q2 FY2026, ended Jun 30, 2026 Reported Aug 14, 2026 Currency USD FYE December

Newest figures come from the 10-Q for Q2 FY2026, filed Aug 14, 2026. Each column of the statement tables below links to the filing it was taken from, and every filing is listed on the SRG SEC filings page.

Seritage Growth Properties (SRG) reported $12.9M in revenue over the twelve months to Jun 30, 2026, down 23.7% from the prior twelve months. This page shows its income statement, balance sheet, cash flow statement, and key financial ratios. View 10 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).

Rhea AI SRG FY2025 2026-10-03

Seritage’s asset-heavy model is shrinking its balance sheet and leverage, while operations still consume cash despite a smaller annual loss.

From FY2024 to FY2025, total assets fell from $677.8M to $393.8M while investing cash inflow reached $198.5M and financing cash outflow was $199.0M; that combination points to balance-sheet contraction and capital restructuring, not reinvestment-led expansion. The net loss narrowed from $153.5M to $68.2M, but operating cash flow remained negative, so the accounting improvement did not translate into cash generation.

The balance sheet is materially less leveraged than in FY2024: liabilities declined from $272.0M to $61.0M, and debt-to-equity fell from 0.7x to 0.2x. Reported liquidity equaled 16.5 months of the latest annual operating outflow, a balance-versus-outflow comparison rather than evidence of recurring cash generation.

FY2025 revenue of $18.2M remained below selling, general, and administrative expense of $31.9M, leaving the reported operating base unable to cover listed overhead before interest and other costs. Operating cash flow improved from -$53.5M to -$34.9M, but remained an outflow even as the net loss narrowed.

Financial Health Signals

Financial health score not available

Seritage Growth Properties does not currently provide enough eligible data for a peer-relative financial health score, so none is published. The signals and metrics below are current.

Piotroski F-Score Partial

3/5

Seritage Growth Properties passes 3 of 5 computable financial strength tests (4 of the nine could not be computed from available data). 2 of 4 profitability signals pass, both operating efficiency signals pass.

Earnings Quality No Cash Backing

N/A

Seritage Growth Properties reported a net loss of $68.2M while operations used $34.9M of cash. With neither figure positive, the ratio between the two carries no quality signal.

Key Financial Metrics

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Earnings & Revenue

Revenue

$1.9M

YoY-59.7%

QoQ-8.6%

5Y CAGR-41.7%

10Y CAGR-29.5%

Seritage Growth Properties generated $1.9M in revenue in Q2 2026. This represents a decrease of 59.7% from the same quarter a year earlier. Against the prior quarter it is down 8.6%.

Net Income

-$6.1M

YoY+78.5%

QoQ+79.8%

Seritage Growth Properties reported -$6.1M in net income in Q2 2026. This represents an increase of 78.5% from the same quarter a year earlier. Against the prior quarter it is up 79.8%.

EPS (Diluted)

-$0.13

YoY+75.5%

QoQ+76.8%

Seritage Growth Properties earned -$0.13 per diluted share (EPS) in Q2 2026. This represents an increase of 75.5% from the same quarter a year earlier. Against the prior quarter it is up 76.8%.

EBITDA

Not reported for Q2 2026.

Cash & Balance Sheet

Cash & Debt

$48.4M

YoY-32.6%

QoQ+8.8%

5Y CAGR-19.1%

10Y CAGR-2.7%

Seritage Growth Properties held $48.4M in cash as of Q2 2026; long-term debt is not reported for that period.

Shares Outstanding

Diluted avg 56M

Seritage Growth Properties had a weighted average of 56M diluted shares in Q2 2026; the shares outstanding count is not reported for that period.

Free Cash Flow

Not reported for Q2 2026.

Dividends Per Share

Not reported for Q2 2026.

Margins & Returns

Return on Equity

-2.1%

YoY+6.0pp

QoQ+8.0pp

5Y change+9.7pp

10Y change-0.6pp

Seritage Growth Properties's ROE was -2.1% in Q2 2026, measuring profit generated per dollar of shareholder equity. This is up 6.0 percentage points from the same quarter a year earlier. Against the prior quarter it is up 8.0 percentage points.

Gross Margin

Not reported for Q2 2026.

Operating Margin

Not reported for Q2 2026.

Net Margin

Not shown for Q2 2026: the reported ratio is below -100.0% of revenue, so it does not read as a share of revenue.

Capital Allocation

None of these metrics is reported for Q2 2026.

SRG Income Statement

Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.

SRG quarterly income statement

Metric	TTM	FY2510-K	FY2410-K	FY2310-K	FY2210-K	FY2110-K	FY2010-K	FY1910-K	FY1810-K	FY1710-K	FY1610-K
Revenue	$12.9M	$18.2M+3.3%	$17.6M-15.2%	$20.8M-80.6%	$107.1M-8.3%	$116.7M+0.2%	$116.5M-30.9%	$168.6M-21.5%	$214.8M-10.9%	$241.0M-3.1%	$248.7M
SG&A Expenses	$20.5M	$31.9M+6.4%	$30.0M-34.7%	$46.0M-3.5%	$47.6M+13.6%	$41.9M+45.4%	$28.8M-26.3%	$39.2M+12.6%	$34.8M+24.7%	$27.9M+59.7%	$17.5M
Operating Income	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	-$114.6M-276.3%	-$30.4M
EBITDA	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	$147.6M+0.6%	$146.7M
Interest Expense	$15.7M	$20.3M-18.8%	$25.0M-44.0%	$44.6M-48.6%	$86.7M-19.7%	$108.0M+18.2%	$91.3M-3.4%	$94.5M+5.0%	$90.0M+28.4%	$70.1M+10.3%	$63.6M
Income Tax	$75K	$0-100.0%	$1.6M+4068.4%	$38K-91.8%	$466K+137.8%	$196K-22.2%	$252K+28.6%	$196K-38.9%	$321K+18.5%	$271K-46.3%	$505K
Net Income	-$54.0M	-$68.2M+55.6%	-$153.5M+0.9%	-$154.9M-109.5%	-$73.9M-162.7%	-$28.1M+73.2%	-$105.0M-76.8%	-$59.4M+19.2%	-$73.5M+0.4%	-$73.8M-43.1%	-$51.6M
EPS (Basic)	N/A	-$1.30+53.9%	-$2.82+1.1%	-$2.85-79.2%	-$1.59-103.8%	-$0.78+72.8%	-$2.87-62.1%	-$1.77+19.5%	-$2.20-0.5%	-$2.19-33.5%	-$1.64
EPS (Diluted)	-$1.04	-$1.30+53.9%	-$2.82+1.1%	-$2.85-79.2%	-$1.59-103.8%	-$0.78+72.8%	-$2.87-62.1%	-$1.77+19.5%	-$2.20-0.5%	-$2.19-33.5%	-$1.64
Diluted Shares (Avg)	N/A	56M+0.1%	56M+0.2%	56M+12.9%	50M+17.3%	42M+10.7%	38M+5.2%	36M+2.4%	36M+5.2%	34M+7.6%	31M

Metric	Q2'2610-Q	Q1'2610-Q	Q4'2510-Q	Q3'2510-Q	Q2'2510-Q	Q1'2510-Q	Q4'2410-K	Q3'2410-Q
Revenue	$1.9M-59.7%	$2.0M-55.4%	$4.2M-4.9%	$4.8M+47.2%	$4.7M+10.4%	$4.6M-20.3%	$4.4M-52.2%	$3.3M-35.6%
SG&A Expenses	$5.1M-17.4%	$5.3M-66.3%	$5.2M-23.8%	$4.9M-31.4%	$6.2M-10.2%	$15.7M+70.7%	$6.8M-56.7%	$7.2M-10.6%
Interest Expense	$2.9M-42.9%	$2.9M-44.5%	$4.6M-18.0%	$5.3M-12.6%	$5.1M-18.2%	$5.2M-25.4%	$5.6M-20.5%	$6.1M-38.0%
Income Tax	$0-100.0%	$0+100.0%	$0-100.0%	$75K-13.8%	$115K-92.2%	-$190K-1827.3%	$12K	$87K-2.2%
Net Income	-$6.1M+78.5%	-$30.3M-36.6%	-$5.1M+55.2%	-$12.4M+43.5%	-$28.5M+71.8%	-$22.2M-16.9%	-$11.4M-408.1%	-$22.0M-2336.0%
EPS (Basic)	-$0.13+75.5%	-$0.56-33.3%	-$0.11+52.2%	-$0.24+41.5%	-$0.53+70.9%	-$0.42-16.7%	-$0.23-675.0%	-$0.41-925.0%
EPS (Diluted)	-$0.13+75.5%	-$0.56-33.3%	-$0.11+52.2%	-$0.24+41.5%	-$0.53+70.9%	-$0.42-16.7%	-$0.23	-$0.41
Diluted Shares (Avg)	56M0.0%	56M+0.1%	N/A	56M+0.1%	56M+0.1%	56M+0.1%	N/A	56M

Not reported in any period shown, so not listed: Cost of Revenue, Gross Profit, R&D Expenses, Operating Income, EBITDA.

SRG Balance Sheet

SRG quarterly balance sheet

Metric	FY2510-K	FY2410-K	FY2310-K	FY2210-K	FY2110-K	FY2010-K	FY1910-K	FY1810-K	FY1710-K	FY1610-K
Total Assets	$393.8M-41.9%	$677.8M-30.4%	$973.9M-47.1%	$1.8B-23.7%	$2.4B-8.9%	$2.6B-3.7%	$2.8B-4.4%	$2.9B+3.6%	$2.8B+2.3%	$2.7B
Cash & Equivalents	$48.1M-43.6%	$85.2M-36.4%	$134.0M+0.4%	$133.5M+25.2%	$106.6M-25.8%	$143.7M+3.2%	$139.3M-73.9%	$532.9M+120.6%	$241.6M+364.3%	$52.0M
Short-Term Investments	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0
Long-Term Investments	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0
Total Liabilities	$61.0M-77.6%	$272.0M-33.8%	$410.7M-63.3%	$1.1B-28.7%	$1.6B-11.1%	$1.8B+3.5%	$1.7B-1.1%	$1.7B+18.6%	$1.5B-23.7%	$1.9B
Long-Term Debt	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	$1.2B+3.0%	$1.2B
Total Equity	$331.4M-18.1%	$404.5M-28.0%	$562.0M-22.0%	$720.5M+4.8%	$687.7M+6.0%	$649.0M-11.3%	$731.4M-6.3%	$780.8M-11.9%	$886.7M+10.2%	$804.6M
Retained Earnings	-$1.0B-7.6%	-$958.8M-19.8%	-$800.3M-24.9%	-$640.5M-15.7%	-$553.8M-4.8%	-$528.6M-26.3%	-$418.7M-21.7%	-$344.1M-49.8%	-$229.8M-89.4%	-$121.3M

Metric	Q2'2610-Q	Q1'2610-Q	Q4'2510-Q	Q3'2510-Q	Q2'2510-Q	Q1'2510-Q	Q4'2410-K	Q3'2410-Q
Total Assets	$353.6M-38.6%	$361.2M-44.4%	$393.8M-41.9%	$558.6M-24.0%	$575.7M-24.1%	$649.7M-29.0%	$677.8M-30.4%	$735.0M-27.7%
Cash & Equivalents	$48.4M-32.6%	$44.5M-52.8%	$48.1M-43.6%	$51.5M-39.8%	$71.8M-17.2%	$94.3M-17.9%	$85.2M-36.4%	$85.6M-13.4%
Short-Term Investments	$0	$0	$0	$0	$0	$0	$0	$0
Long-Term Investments	$0	$0	$0	$0	$0	$0	$0	$0
Total Liabilities	$61.4M-72.5%	$59.9M-77.6%	$61.0M-77.6%	$219.5M-30.6%	$223.0M-29.6%	$267.3M-28.0%	$272.0M-33.8%	$316.2M-30.7%
Total Equity	$292.2M-16.8%	$299.9M-21.3%	$331.4M-18.1%	$337.7M-19.1%	$351.4M-20.2%	$381.1M-29.7%	$404.5M-28.0%	$417.5M-25.3%
Retained Earnings	-$1.1B-5.8%	-$1.1B-8.3%	-$1.0B-7.6%	-$1.0B-8.4%	-$1.0B-9.6%	-$982.2M-19.7%	-$958.8M-19.8%	-$946.2M-17.9%

Not reported in any period shown, so not listed: Current Assets, Inventory, Accounts Receivable, Goodwill, Current Liabilities, Non-Current Liabilities, Long-Term Debt.

SRG Cash Flow Statement

SRG quarterly cash flow statement

Metric	TTM	FY2510-K	FY2410-K	FY2310-K	FY2210-K	FY2110-K	FY2010-K	FY1910-K	FY1810-K	FY1710-K	FY1610-K
Operating Cash Flow	-$21.0M	-$34.9M+34.8%	-$53.5M-0.9%	-$53.1M+55.0%	-$117.9M+13.3%	-$136.0M-187.4%	-$47.3M+17.9%	-$57.7M-205.0%	$54.9M-7.9%	$59.6M-38.7%	$97.2M
Depreciation & Amortization	N/A	$6.3M-52.1%	$13.1M-9.3%	$14.5M-64.8%	$41.1M-19.7%	$51.2M-46.7%	$96.0M-8.2%	$104.6M-53.9%	$226.7M-13.5%	$262.2M+48.0%	$177.1M
Stock-Based Compensation	N/A	$201K-86.5%	$1.5M-45.6%	$2.7M-1.2%	$2.8M+49.1%	$1.9M+161.2%	-$3.0M-144.3%	$6.8M-8.4%	$7.5M+6.5%	$7.0M+557.1%	$1.1M
Investing Cash Flow	$164.4M	$198.5M+56.4%	$126.9M-82.7%	$732.9M+25.1%	$586.1M+124.8%	$260.7M+508.2%	$42.9M+114.3%	-$299.5M-150.7%	-$119.5M-421.3%	$37.2M+159.6%	-$62.4M
Financing Cash Flow	-$160.7M	-$199.0M-58.8%	-$125.3M+81.4%	-$675.1M-54.5%	-$437.0M-171.1%	-$161.2M-1144.1%	$15.4M+142.4%	-$36.4M-120.2%	$180.2M-0.3%	$180.8M+458.1%	-$50.5M
Dividends Paid	N/A	N/A	N/A	N/A	N/A	N/A	N/A	$18.0M-49.6%	$35.7M+4.2%	$34.2M-13.0%	$39.4M

Metric	Q2'2610-Q	Q1'2610-Q	Q4'2510-Q	Q3'2510-Q	Q2'2510-Q	Q1'2510-Q	Q4'2410-K	Q3'2410-Q
Operating Cash Flow	-$1.6M+87.0%	-$5.7M+37.8%	-$1.2M+91.7%	-$12.5M+19.1%	-$12.0M-59.9%	-$9.2M+44.7%	-$13.9M-26.2%	-$15.5M-47.4%
Depreciation & Amortization	$390K-80.9%	$400K-80.7%	$469K-79.2%	$1.7M-61.2%	$2.0M+68.3%	$2.1M-60.6%	$2.3M-20.6%	$4.4M+50.3%
Stock-Based Compensation	N/A	$0-100.0%	N/A	N/A	N/A	$201K-68.8%	N/A	N/A
Investing Cash Flow	$8.6M-67.3%	$3.4M-82.8%	$154.9M+180.9%	-$2.5M-117.6%	$26.2M-7.8%	$19.8M-31.4%	$55.1M-36.9%	$14.4M-89.7%
Financing Cash Flow	-$3.0M+92.8%	-$1.2M+4.4%	-$151.3M-262.7%	-$5.2M-336.9%	-$41.2M+19.5%	-$1.2M+96.1%	-$41.7M-0.6%	-$1.2M+99.2%

Not reported in any period shown, so not listed: Capital Expenditures, Free Cash Flow, Dividends Paid, Share Buybacks.

SRG Financial Ratios

Margins and returns are percentages; the remaining ratios are unitless multiples. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.

SRG quarterly financial ratios

Metric	FY2510-K	FY2410-K	FY2310-K	FY2210-K	FY2110-K	FY2010-K	FY1910-K	FY1810-K	FY1710-K	FY1610-K
Operating Margin	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	-47.5%-35.3pp	-12.2%
Net Margin	-374.7%	-871.3%	-745.5%	-69.1%-45.0pp	-24.1%+66.0pp	-90.1%-54.9pp	-35.2%-1.0pp	-34.2%-3.6pp	-30.6%-9.9pp	-20.7%
Return on Equity	-20.6%+17.4pp	-38.0%-10.4pp	-27.6%-17.3pp	-10.3%-6.2pp	-4.1%+12.1pp	-16.2%-8.1pp	-8.1%+1.3pp	-9.4%-1.1pp	-8.3%-1.9pp	-6.4%
Return on Assets	-17.3%+5.3pp	-22.7%-6.7pp	-15.9%-11.9pp	-4.0%-2.8pp	-1.2%+2.8pp	-4.0%-1.8pp	-2.2%+0.4pp	-2.5%+0.1pp	-2.7%-0.8pp	-1.9%
Debt-to-Equity	0.18-0.5x	0.67-0.1x	0.73-0.8x	1.55-0.7x	2.28-0.4x	2.72+0.4x	2.33+0.1x	2.21+0.9x	1.36-0.1x	1.45
Asset Turnover	0.050.0x	0.030.0x	0.020.0x	0.060.0x	0.050.0x	0.040.0x	0.060.0x	0.070.0x	0.090.0x	0.09

Metric	Q2'2610-Q	Q1'2610-Q	Q4'2510-Q	Q3'2510-Q	Q2'2510-Q	Q1'2510-Q	Q4'2410-K	Q3'2410-Q
Net Margin	-327.0%	-1478.9%	-122.0%	-259.6%	-612.6%	-482.8%	-259.0%	-675.9%
Return on Equity	-2.1%+6.0pp	-10.1%-4.3pp	-1.5%+1.3pp	-3.7%+1.6pp	-8.1%+14.9pp	-5.8%-2.3pp	-2.8%-3.5pp	-5.3%-5.1pp
Return on Assets	-1.7%+3.2pp	-8.4%-5.0pp	-1.3%+0.4pp	-2.2%+0.8pp	-5.0%+8.4pp	-3.4%-1.3pp	-1.7%-2.1pp	-3.0%-2.9pp
Debt-to-Equity	0.21-0.4x	0.20-0.5x	0.18-0.5x	0.65-0.1x	0.63-0.1x	0.700.0x	0.67-0.1x	0.76-0.1x
Asset Turnover	0.010.0x	0.010.0x	0.010.0x	0.010.0x	0.010.0x	0.010.0x	0.010.0x	0.000.0x

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.

Similar Companies

Newest fiscal year on record for each company. The health score is the peer-relative Financial Health Score for that year; a dash means no score is published for it.

Company	Fiscal year	Revenue	Net income	Net margin	Market cap	Health score
Seritage Growth Properties SRG	FY2025	$18.2M	-$68.2M	N/A	$90.1M	—
New England Realty Associates Limited Partnership NEN	FY2025	$89.2M	$6.0M	6.8%	$173.4M	40/100
American Realty Investors, Inc. ARL	FY2025	$50.0M	$15.7M	31.4%	$265.7M	23/100
Douglas Elliman Inc. DOUG	FY2025	$1.0B	$15.2M	1.5%	$140.9M	39/100
The RMR Group Inc. RMR	FY2025	$700.3M	$17.6M	2.5%	$302.5M	47/100
Comstock Holding Companies, Inc. CHCI	FY2025	$62.9M	$17.1M	27.1%	$192.4M	48/100

Where Seritage Growth Properties Ranks

Frequently Asked Questions

What is Seritage Growth Properties's annual revenue?

Seritage Growth Properties (SRG) reported $18.2M in total revenue for fiscal year 2025. This represents a 3.3% 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 Seritage Growth Properties's revenue growing?

Seritage Growth Properties (SRG) revenue grew by 3.3% year-over-year, from $17.6M to $18.2M in fiscal year 2025.

Is Seritage Growth Properties profitable?

No, Seritage Growth Properties (SRG) reported a net income of -$68.2M in fiscal year 2025.

What is Seritage Growth Properties's return on equity (ROE)?

Seritage Growth Properties (SRG) has a return on equity of -20.6% for fiscal year 2025, measuring how efficiently the company generates profit from shareholder equity.

What is Seritage Growth Properties's operating cash flow?

Seritage Growth Properties (SRG) recorded an outflow of $34.9M in operating cash flow during fiscal year 2025, representing cash used by core business activities.

What are Seritage Growth Properties's total assets?

Seritage Growth Properties (SRG) had $393.8M in total assets as of fiscal year 2025, including both current and long-term assets.

What is Seritage Growth Properties's debt-to-equity ratio?

Seritage Growth Properties (SRG) had a debt-to-equity ratio of 0.18 as of fiscal year 2025, measuring the company's financial leverage by comparing total debt to shareholder equity.

What is Seritage Growth Properties's return on assets (ROA)?

Seritage Growth Properties (SRG) had a return on assets of -17.3% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.

What is Seritage Growth Properties's P/E ratio?

Seritage Growth Properties (SRG) has no price-to-earnings ratio at the moment: net loss, so no earnings multiple (trailing 12 months to June 30, 2026). The market capitalization is $90.1M as of Oct 10, 2026; a multiple compares that price with a filed figure and says nothing about the quality of the business.

What is Seritage Growth Properties's price-to-sales ratio?

Seritage Growth Properties (SRG) trades at 7.0x sales, its market capitalization divided by revenue of $12.9M revenue, trailing 12 months to June 30, 2026. The market capitalization is $90.1M as of Oct 10, 2026; a multiple compares that price with a filed figure and says nothing about the quality of the business.

How does Seritage Growth Properties's liquidity compare with its operating cash outflow?

At the end of fiscal year 2025, Seritage Growth Properties (SRG) held $48.1M in cash, cash equivalents and investments, and reported an operating cash outflow of $34.9M over that year. Dividing the one by the other, the reported balance equals about 17 months of the outflow reported that year. This is arithmetic over figures already filed, not a projection: it assumes nothing about future spending, financing or operations.

What is Seritage Growth Properties's Piotroski F-Score?

Seritage Growth Properties (SRG) has a Piotroski F-Score of 3 out of 5 computable signals; 4 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 Seritage Growth Properties's earnings high quality?

Seritage Growth Properties (SRG) reported a net loss of $68.2M while operations used $34.9M of cash. With neither figure positive, 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.