Financials in USD. Standardized financial statements.
A compact view of how Veris Residential, Inc. 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? | $288.43M | $271.07M | $260.30M | $233.45M | $323.39M | $313.56M | $357.20M | $365.71M | $616.20M | $613.40M |
| Revenue Growth? | +6.4% | +4.1% | +11.5% | -27.8% | +3.1% | -12.2% | -2.3% | -40.7% | +0.5% | 0.0% |
| Cost of Revenue? | $284.81M | $276.61M | $279.81M | $282.25M | $366.09M | $385.48M | $529.92M | $380.67M | $665.07M | $640.59M |
| Gross Profit? | $3.62M | -$5.54M | -$19.52M | -$48.80M | -$42.70M | -$71.92M | -$172.72M | -$14.96M | -$48.87M | -$27.19M |
| Gross Margin? | +1.3% | -2.0% | -7.5% | -20.9% | -13.2% | -22.9% | -48.4% | -4.1% | -7.9% | -4.4% |
| Operating Expenses? | -$45.76M | -$42.15M | -$34.16M | -$25.95M | -$40.63M | -$48.39M | -$146.36M | -$72.39M | -$154.18M | -$147.80M |
| Operating Income? | $49.38M | $36.62M | $14.65M | -$22.85M | -$2.07M | -$23.52M | -$26.36M | $57.44M | $105.31M | $120.62M |
| EBITDA? | $249.24M | $143.02M | $108.07M | $112.95M | $23.23M | $87.52M | $480.54M | $287.02M | $325.28M | $391.37M |
| Income Before Tax | $75.06M | -$30.70M | -$120.86M | -$39.53M | -$152.00M | -$115.52M | $195.97M | $94.48M | $33.72M | $130.29M |
| Income Tax Expense | $231,000 | $276,000 | $492,000 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Net Income? | $75.24M | -$22.75M | -$111.00M | -$57.54M | -$126.33M | -$55.32M | $18.67M | $103.54M | $5.23M | $117.22M |
| EPS? | $0.81 | $-0.25 | $-1.22 | $-0.63 | $-1.39 | $-1.57 | $0.10 | $0.84 | $0.06 | $1.31 |
| Diluted EPS? | $0.80 | $-0.25 | $-1.11 | $-0.63 | $-1.39 | $-1.57 | $0.09 | $0.84 | $0.06 | $1.30 |
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