Financials in USD. Standardized financial statements.
A compact view of how Seritage Growth Properties turns revenue into operating income and net income.
| Metric | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue? | $18.20M | $17.62M | $20.78M | $107.06M | $116.68M | $116.50M | $168.63M | $214.75M | $241.02M | $248.67M |
| Revenue Growth? | +3.3% | -15.2% | -80.6% | -8.3% | +0.2% | -30.9% | -21.5% | -10.9% | -3.1% | 0.0% |
| Cost of Revenue? | $16.44M | $20.27M | $27.41M | $65.72M | $80.26M | $77.93M | $80.72M | $71.15M | $65.35M | $65.19M |
| Gross Profit? | $1.76M | -$2.65M | -$6.63M | $41.34M | $36.42M | $38.56M | $87.92M | $143.60M | $175.66M | $183.48M |
| Gross Margin? | +9.7% | -15.0% | -31.9% | +38.6% | +31.2% | +33.1% | +52.1% | +66.9% | +72.9% | +73.8% |
| Operating Expenses? | $38.23M | $43.14M | $60.46M | $88.75M | $93.15M | $124.85M | $143.74M | $261.72M | $290.23M | $194.86M |
| Operating Income? | -$36.47M | -$45.79M | -$67.09M | -$47.41M | -$56.73M | -$86.28M | -$55.82M | -$118.12M | -$114.57M | -$30.45M |
| EBITDA? | -$41.51M | -$113.67M | -$95.66M | $8.44M | $120.56M | $34.60M | $108.69M | $106.00M | $211.74M | $170.66M |
| Income Before Tax | -$68.22M | -$151.95M | -$154.87M | -$119.63M | -$38.79M | -$152.71M | -$90.41M | -$114.56M | -$120.54M | -$90.50M |
| Income Tax Expense | $0 | $1.58M | $38,000 | $466,000 | $196,000 | $252,000 | $196,000 | $321,000 | $271,000 | $505,000 |
| Net Income? | -$68.22M | -$153.54M | -$154.91M | -$73.94M | -$28.15M | -$105.03M | -$59.40M | -$73.47M | -$73.75M | -$51.56M |
| EPS? | $-1.30 | $-2.82 | $-2.84 | $-2.42 | $-0.92 | $-3.99 | $-2.49 | $-2.07 | $-2.18 | $-1.64 |
| Diluted EPS? | $-1.30 | $-2.82 | $-2.85 | $-2.42 | $-0.92 | $-3.99 | $-2.49 | $-2.07 | $-2.18 | $-1.64 |
Revenue, profitability, margins, EPS, and share-count trends over time.
Top-line demand and scale over time
Profit left after direct production costs
Core business profitability before financing and tax
Bottom-line profit after all expenses
Profit allocated to each diluted share
Share count trend that affects EPS quality
Gross, operating, and net margin quality