Stratus Prop Financials
This page shows Stratus Prop (STRS) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 16 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).
Stratus’s economics look asset-heavy, with reported profits driven more by transactions than by steady operating cash.
In FY2025, net income was$12.0M even though gross profit was-$7.2M , which means the bottom line was being supported by items outside the basic gross economics of current-period sales. That support did not translate into cash: operating cash flow stayed at-$29.9M while investing cash flow brought in$61.0M , so reported earnings looked more tied to asset transactions than to self-funding operations.
This is an asset-heavy model: FY2025 revenue was only
Liquidity improved on the surface as cash reached
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 Stratus Prop'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.
Stratus Prop has an operating margin of 36.1%, meaning the company retains $36 of operating profit per $100 of revenue. This below-average margin results in a low score of 16/100, suggesting thin profitability after operating expenses. This is up from -4.0% the prior year.
Stratus Prop's revenue declined 44.8% year-over-year, from $54.2M to $29.9M. This contraction results in a growth score of 86/100.
Stratus Prop carries a low D/E ratio of 1.76, meaning only $1.76 of long-term debt for every $1 of shareholders' equity. This conservative leverage earns a score of 66/100, indicating a strong balance sheet with room for future borrowing.
Stratus Prop generates a 5.9% ROE, indicating limited profit relative to shareholders' investment. This results in a returns score of 15/100. This is up from 1.0% the prior year.
Stratus Prop passes 3 of 9 financial strength tests. 2 of 4 profitability signals pass, 1 of 2 leverage/liquidity signals pass, neither operating efficiency signal passes.
For every $1 of reported earnings, Stratus Prop generates $-2.50 in operating cash flow (-$29.9M OCF vs $12.0M net income). This low ratio suggests earnings are primarily driven by accounting accruals rather than cash generation, which may not be sustainable.
Stratus Prop earns $7.1 in operating income for every $1 of interest expense ($10.8M vs $1.5M). This wide margin provides strong safety for debt servicing, even if earnings decline temporarily.
Key Financial Metrics
Earnings & Revenue
Stratus Prop generated $29.9M in revenue in fiscal year 2025. This represents a decrease of 44.8% from the prior year.
Stratus Prop's EBITDA was $17.8M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization. This represents an increase of 421.1% from the prior year.
Stratus Prop reported $12.0M in net income in fiscal year 2025. This represents an increase of 512.6% from the prior year.
Stratus Prop earned $1.47 per diluted share (EPS) in fiscal year 2025. This represents an increase of 512.5% from the prior year.
Cash & Balance Sheet
Stratus Prop held $74.3M in cash against $0 in long-term debt as of fiscal year 2025.
Stratus Prop had 8M shares outstanding in fiscal year 2025. This represents a decrease of 0.8% from the prior year.
Margins & Returns
Stratus Prop's gross margin was -23.9% in fiscal year 2025, indicating the percentage of revenue retained after direct costs. This is down 44.5 percentage points from the prior year.
Stratus Prop's operating margin was 36.1% in fiscal year 2025, reflecting core business profitability. This is up 40.1 percentage points from the prior year.
Stratus Prop's net profit margin was 40.1% in fiscal year 2025, showing the share of revenue converted to profit. This is up 36.4 percentage points from the prior year.
Stratus Prop's ROE was 5.9% in fiscal year 2025, measuring profit generated per dollar of shareholder equity. This is up 4.9 percentage points from the prior year.
Capital Allocation
Stratus Prop spent $3.1M on share buybacks in fiscal year 2025, returning capital to shareholders by reducing shares outstanding. This represents an increase of 97.9% from the prior year.
STRS Income Statement
| Metric | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $3.8M-54.3% | $8.3M+67.0% | $5.0M-57.2% | $11.6M+130.1% | $5.0M-51.0% | $10.3M+15.8% | $8.9M+4.7% | $8.5M |
| Cost of Revenue | $5.7M-38.6% | $9.3M+0.9% | $9.2M-33.4% | $13.8M+188.4% | $4.8M-43.1% | $8.4M-3.0% | $8.7M+14.6% | $7.6M |
| Gross Profit | -$1.9M-94.3% | -$981K+76.8% | -$4.2M-92.0% | -$2.2M-960.2% | $256K-86.4% | $1.9M+762.8% | $218K-76.4% | $922K |
| R&D Expenses | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| SG&A Expenses | $5.6M+68.8% | $3.3M-14.3% | $3.9M+8.7% | $3.6M-12.2% | $4.1M+23.4% | $3.3M-2.4% | $3.4M-12.5% | $3.8M |
| Operating Income | $15.4M-33.7% | $23.2M+387.1% | -$8.1M-966.3% | -$759K+78.9% | -$3.6M-156.6% | -$1.4M+7.8% | -$1.5M+48.0% | -$2.9M |
| Interest Expense | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Income Tax | $2.1M-58.6% | $5.1M+1693.5% | -$321K-170.2% | $457K+1423.3% | $30K-87.4% | $238K+310.3% | $58K+31.8% | $44K |
| Net Income | $13.5M-48.1% | $26.0M+425.2% | -$8.0M-248.9% | -$2.3M+38.9% | -$3.8M-253.3% | $2.5M+273.3% | -$1.4M+49.1% | -$2.8M |
| EPS (Diluted) | $0.82 | N/A | $-0.62-2166.7% | $0.03+108.3% | $-0.36 | N/A | $-0.05+76.2% | $-0.21 |
STRS Balance Sheet
| Metric | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 |
|---|---|---|---|---|---|---|---|---|
| Total Assets | $532.5M-5.5% | $563.4M-1.6% | $572.6M-0.4% | $574.8M+7.5% | $534.6M+0.4% | $532.6M+1.8% | $523.2M+1.8% | $514.0M |
| Current Assets | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Cash & Equivalents | $73.5M-1.0% | $74.3M+35.0% | $55.0M-7.3% | $59.4M+394.6% | $12.0M-40.5% | $20.2M+2.7% | $19.6M+45.5% | $13.5M |
| 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 | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Total Liabilities | $320.8M-10.6% | $358.9M-7.2% | $386.8M+1.0% | $382.9M+58.2% | $242.0M+3.0% | $235.0M+5.4% | $223.0M+3.0% | $216.5M |
| Current Liabilities | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Long-Term Debt | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Total Equity | $211.7M+3.5% | $204.5M+10.1% | $185.8M-3.2% | $191.9M+0.2% | $191.5M-1.7% | $194.7M-0.8% | $196.4M0.0% | $196.3M |
| Retained Earnings | $47.2M+16.3% | $40.6M+93.2% | $21.0M-19.2% | $26.0M+1.0% | $25.7M-10.1% | $28.6M-1.7% | $29.1M-1.2% | $29.5M |
STRS Cash Flow Statement
| Metric | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 |
|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | -$15.6M-170.9% | -$5.8M+35.8% | -$9.0M-432.1% | -$1.7M+87.5% | -$13.5M-292.5% | -$3.4M-401.2% | -$686K+91.7% | -$8.3M |
| 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 | $59.8M+6.1% | $56.4M+4935.4% | -$1.2M-111.1% | $10.5M+323.8% | -$4.7M+28.0% | -$6.5M-529.5% | $1.5M+118.6% | -$8.2M |
| Financing Cash Flow | -$44.5M-41.3% | -$31.5M-698.5% | $5.3M-86.4% | $38.6M+286.4% | $10.0M-7.2% | $10.8M+94.3% | $5.5M-37.3% | $8.8M |
| Dividends Paid | $0 | $0-100.0% | $10K | $0-100.0% | $236K+1080.0% | $20K | $0 | $0 |
| Share Buybacks | $489K-58.5% | $1.2M-18.7% | $1.4M+1147.4% | $116K-71.7% | $410K-74.2% | $1.6M | $0 | $0 |
STRS Financial Ratios
| Metric | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 |
|---|---|---|---|---|---|---|---|---|
| Gross Margin | -50.3%-38.5pp | -11.8%+73.3pp | -85.1%-66.1pp | -19.0%-24.1pp | 5.1%-13.2pp | 18.3%+15.8pp | 2.5%-8.4pp | 10.9% |
| Operating Margin | 406.3%+126.2pp | 280.1%+442.9pp | -162.9%-156.3pp | -6.5%+64.8pp | -71.3%-57.7pp | -13.6%+3.5pp | -17.1%+17.3pp | -34.4% |
| Net Margin | 356.3%+42.5pp | 313.9%+475.0pp | -161.1%-141.4pp | -19.8%+54.7pp | -74.5%-98.3pp | 23.8%+39.7pp | -15.9%+16.8pp | -32.7% |
| Return on Equity | 6.4%-6.3pp | 12.7%+17.0pp | -4.3%-3.1pp | -1.2%+0.8pp | -2.0%-3.2pp | 1.3%+2.0pp | -0.7%+0.7pp | -1.4% |
| Return on Assets | 2.5%-2.1pp | 4.6%+6.0pp | -1.4%-1.0pp | -0.4%+0.3pp | -0.7%-1.2pp | 0.5%+0.7pp | -0.3%+0.3pp | -0.5% |
| Current Ratio | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Debt-to-Equity | 1.52-0.2 | 1.76-0.3 | 2.08+0.1 | 2.00+0.7 | 1.26+0.1 | 1.21+0.1 | 1.14+0.0 | 1.10 |
| 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 Stratus Prop's annual revenue?
Stratus Prop (STRS) reported $29.9M in total revenue for fiscal year 2025. This represents a -44.8% 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 Stratus Prop's revenue growing?
Stratus Prop (STRS) revenue declined by 44.8% year-over-year, from $54.2M to $29.9M in fiscal year 2025.
Is Stratus Prop profitable?
Yes, Stratus Prop (STRS) reported a net income of $12.0M in fiscal year 2025, with a net profit margin of 40.1%.
What is Stratus Prop's EBITDA?
Stratus Prop (STRS) had EBITDA of $17.8M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization.
What is Stratus Prop's gross margin?
Stratus Prop (STRS) had a gross margin of -23.9% in fiscal year 2025, indicating the percentage of revenue retained after direct costs of goods sold.
What is Stratus Prop's operating margin?
Stratus Prop (STRS) had an operating margin of 36.1% in fiscal year 2025, reflecting the profitability of core business operations before interest and taxes.
What is Stratus Prop's net profit margin?
Stratus Prop (STRS) had a net profit margin of 40.1% in fiscal year 2025, representing the share of revenue converted into profit after all expenses.
What is Stratus Prop's return on equity (ROE)?
Stratus Prop (STRS) has a return on equity of 5.9% for fiscal year 2025, measuring how efficiently the company generates profit from shareholder equity.
What is Stratus Prop's operating cash flow?
Stratus Prop (STRS) generated -$29.9M in operating cash flow during fiscal year 2025, representing cash generated from core business activities.
What are Stratus Prop's total assets?
Stratus Prop (STRS) had $563.4M in total assets as of fiscal year 2025, including both current and long-term assets.
What is Stratus Prop's debt-to-equity ratio?
Stratus Prop (STRS) had a debt-to-equity ratio of 1.76 as of fiscal year 2025, measuring the company's financial leverage by comparing total debt to shareholder equity.
What is Stratus Prop's return on assets (ROA)?
Stratus Prop (STRS) had a return on assets of 2.1% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.
What is Stratus Prop's cash runway?
Based on fiscal year 2025 data, Stratus Prop (STRS) had $74.3M in cash against an annual operating cash burn of $29.9M. This gives an estimated cash runway of approximately 30 months at the current burn rate. Cash runway measures how long a company can continue operating before running out of cash, assuming no additional funding.
What is Stratus Prop's Piotroski F-Score?
Stratus Prop (STRS) 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 Stratus Prop's earnings high quality?
Stratus Prop (STRS) has an earnings quality ratio of -2.50x, considered low quality (accrual-driven). 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 Stratus Prop cover its interest payments?
Stratus Prop (STRS) has an interest coverage ratio of 7.1x, meaning it can comfortably 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 Stratus Prop?
Stratus Prop (STRS) scores 31 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.