MRP revenueQ3 2026$211.00M
- Quarter YoY
- +17.7%
- QoQ
- +7.2%
MRP revenue was $211.00M in fiscal Q3 2026 (ended Sep 30, 2026), up 17.7% from a year earlier and up 7.2% from the prior quarter. For the full fiscal 2025 it was $600.46M.
Millrose Properties Inc. (MRP) financials
For the twelve months ended Sep 30, 2026, Millrose Properties Inc. reported $792.29M of revenue and $501.00M of net income.
- Revenue, TTM
- $792.29M
- Net income, TTM
- $501.00M
- Net income growth, YoY
- +161.2%
- Net margin
- 63.2%
- EPS, diluted, TTM
- $3.02
- Cash
- $64.53M
- Total debt
- $3.13B
- P/E
- 8.82
- P/S
- 5.58
- Market cap
- $4.42B
FY2023FY2025
MRP revenue and earnings growth
MRP net incomeQ3 2026$130.00M
- Quarter YoY
- +23.7%
- QoQ
- +3.3%
MRP net income was $130.00M in fiscal Q3 2026 (ended Sep 30, 2026), up 23.7% from a year earlier and up 3.3% from the prior quarter. For the full fiscal 2025 it was $379.86M, compared with -$246.22M in fiscal 2024.
MRP EPSQ3 2026$0.78
- Quarter YoY
- +23.8%
- QoQ
- +2.6%
MRP diluted EPS was $0.78 in fiscal Q3 2026 (ended Sep 30, 2026), up 23.8% from a year earlier and up 2.6% from the prior quarter. For the full fiscal 2025 it was $2.44.
Income statement
| Line item | Dec 31, 2025 | Dec 31, 2024 | Dec 31, 2023 |
|---|---|---|---|
| Revenue | $600.46M | - | - |
| Selling, general and admin | $25.00M | $246.20M | $209.80M |
| Operating income | $486.07M | -$246.22M | -$209.79M |
| Interest expense | $91.79M | - | - |
| Pre-tax income | $400.37M | -$246.22M | -$209.79M |
| Income tax | $20.51M | - | - |
| Net income | $379.86M | -$246.22M | -$209.79M |
| EPS, basic | $2.44 | - | - |
| EPS, diluted | $2.44 | - | - |
| Diluted shares | 166.0M | - | - |
Balance sheet
| Line item | Dec 31, 2025 | Dec 31, 2024 | Dec 31, 2023 |
|---|---|---|---|
| Cash and equivalents | $35.05M | $0 | - |
| Inventory | - | $5.47B | - |
| Total assets | $9.26B | $5.47B | - |
| Total debt | $2.11B | $24.19M | - |
| Total liabilities | $3.40B | $306.92M | - |
| Shareholders' equity | $5.86B | $5.16B | $4.46B |
Cash flow
| Line item | Dec 31, 2025 | Dec 31, 2024 | Dec 31, 2023 |
|---|---|---|---|
| Operating cash flow | $3.67B | -$917.19M | -$865.12M |
| Investing cash flow | -$5.72B | - | - |
| Financing cash flow | $2.08B | $917.19M | $865.12M |
| Dividends paid | $298.81M | - | - |
| Stock-based compensation | $677.0K | $14.94M | $10.09M |
Key ratios
Income statement
| Line item | Sep 30, 2026 | Jun 30, 2026 | Mar 31, 2026 | Dec 31, 2025 | Sep 30, 2025 | Jun 30, 2025 | Mar 31, 2025 | Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $211.00M | $196.85M | $194.93M | $189.50M | $179.26M | $149.00M | $82.70M | - | - | - | - |
| Selling, general and admin | - | - | - | - | - | - | - | $65.80M | $63.70M | $59.80M | $56.90M |
| Operating income | $180.45M | $167.63M | $166.08M | $160.74M | $152.84M | $126.86M | $45.63M | -$65.80M | -$63.67M | -$59.76M | -$56.99M |
| Interest expense | $47.09M | $40.01M | $39.21M | $35.22M | $43.75M | $10.29M | $2.54M | - | - | - | - |
| Pre-tax income | $134.89M | $128.34M | $127.92M | $127.74M | $110.92M | $117.53M | $44.19M | -$65.80M | -$63.67M | -$59.76M | -$56.99M |
| Income tax | $4.88M | $2.46M | $5.04M | $5.50M | $5.86M | $4.77M | $4.38M | - | $0 | $0 | $0 |
| Net income | $130.00M | $125.88M | $122.88M | $122.24M | $105.06M | $112.76M | $39.81M | -$65.80M | -$63.67M | -$59.76M | -$56.99M |
| EPS, basic | $0.78 | $0.76 | $0.74 | $0.74 | $0.63 | $0.68 | $0.39 | - | - | - | - |
| EPS, diluted | $0.78 | $0.76 | $0.74 | $0.74 | $0.63 | $0.68 | $0.39 | - | - | - | - |
| Diluted shares | 166.1M | 166.1M | 166.0M | - | 166.0M | 166.0M | 166.0M | - | - | - | - |
Balance sheet
| Line item | Sep 30, 2026 | Jun 30, 2026 | Mar 31, 2026 | Dec 31, 2025 | Sep 30, 2025 | Jun 30, 2025 | Mar 31, 2025 | Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash and equivalents | $64.53M | $34.17M | $49.28M | $35.05M | $242.58M | $66.58M | $89.52M | $0 | - | - | - |
| Inventory | - | - | - | - | $8.36B | $7.85B | $7.00B | $5.47B | - | - | - |
| Total assets | $10.56B | $9.71B | $9.57B | $9.26B | $9.02B | $7.97B | $7.15B | $5.47B | - | - | - |
| Total debt | $3.13B | $2.48B | $2.42B | $2.11B | $1.97B | $1.01B | $350.00M | $24.19M | - | - | - |
| Total liabilities | $4.70B | $3.86B | $3.72B | $3.40B | $3.17B | $2.10B | $1.28B | $306.92M | - | - | - |
| Shareholders' equity | $5.85B | $5.85B | $5.85B | $5.86B | $5.86B | $5.87B | $5.88B | $5.16B | $4.04B | $3.77B | $4.24B |
Cash flow
| Line item | Sep 30, 2026 | Jun 30, 2026 | Mar 31, 2026 | Dec 31, 2025 | Sep 30, 2025 | Jun 30, 2025 | Mar 31, 2025 | Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | $875.10M | $886.01M | $797.30M | $1.14B | $925.81M | $896.28M | $713.73M | -$1.18B | -$339.69M | $417.54M | $182.36M |
| Investing cash flow | -$1.57B | -$834.84M | -$962.02M | -$1.33B | -$1.58B | -$1.51B | -$1.30B | - | - | - | - |
| Financing cash flow | $727.61M | -$66.28M | $178.95M | -$12.66M | $827.93M | $594.74M | $674.44M | $1.18B | $339.69M | -$417.54M | -$182.36M |
| Dividends paid | $127.86M | $126.16M | $124.50M | $121.18M | $114.54M | - | - | - | - | - | - |
| Stock-based compensation | $289.0K | $217.0K | $692.0K | $307.0K | $189.0K | - | - | $4.75M | $1.32M | $1.71M | $7.16M |
Key ratios
| Line item | Sep 30, 2026 | Jun 30, 2026 | Mar 31, 2026 | Dec 31, 2025 | Sep 30, 2025 | Jun 30, 2025 | Mar 31, 2025 | Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue growth, YoY | 17.7% | 32.1% | 135.7% | - | - | - | - | - | - | - | - |
| Net income growth, YoY | 23.7% | 11.6% | 208.7% | - | - | - | - | - | - | - | - |
| EPS growth, YoY | 23.8% | 11.8% | 89.7% | - | - | - | - | - | - | - | - |
| Operating margin | 85.5% | 85.2% | 85.2% | 84.8% | 85.3% | 85.1% | 55.2% | - | - | - | - |
| Net margin | 61.6% | 63.9% | 63.0% | 64.5% | 58.6% | 75.7% | 48.1% | - | - | - | - |
| Debt to equity | 0.53 | 0.42 | 0.41 | 0.36 | 0.34 | 0.17 | 0.06 | 0.00 | - | - | - |
Source: XBRL data Millrose Properties Inc. files with the SEC, latest filing dated Nov 4, 2026 (see filings on SEC EDGAR). Provided for information only, not investment advice. Check the filing before relying on a number.
* Worked out from the filings rather than stated in them: Q4 is the full year less the first nine months.
Per-share figures are as filed. The filings show no stock split in these periods.
EPS growth is left out where the share count moved enough to suggest a split the filings do not show. Growth rates need a positive starting figure. CAGR is compound annual growth between fiscal years. The CSV holds every period on file, in full figures, from the same SEC filings.
MRP peers
| Company | Revenue | Growth | Net income | Net margin | Market cap |
|---|---|---|---|---|---|
| MRP | $792.29M | - | $501.00M | 63.2% | $4.42B |
| CBRE | $45.01B | +14.8% | $1.38B | 3.1% | $39.82B |
| BEKE | CN¥94.58B | +1.2% | CN¥2.99B | 3.2% | $20.78B |
| JLL | $28.20B | +11.4% | $1.10B | 3.9% | $17.36B |
| INVH | $2.90B | +7.2% | $682.40M | 23.5% | $15.67B |
| CSGP | $3.67B | +20.2% | $179.00M | 4.9% | $12.57B |
| COMP | $12.61B | +89.8% | $133.50M | 1.1% | $8.17B |
| TRNO | $518.86M | +17.2% | $353.32M | 68.1% | $7.43B |
| FSV | $5.50B | +5.4% | $145.05M | 2.6% | $6.58B |
MRP FAQ
6 questionsWhat is MRP revenue?
Millrose Properties Inc. (MRP) reported $792.29M of revenue for the twelve months ended Sep 30, 2026. Revenue for fiscal 2025 was $600.46M.Is MRP profitable?
Yes. Millrose Properties Inc. earned $501.00M in net income for the twelve months ended Sep 30, 2026, a net margin of 63.2%.How much cash and debt does MRP have?
Millrose Properties Inc. reported $64.53M in cash and cash equivalents and $3.13B of debt on its most recent balance sheet in SEC filings.What is MRP earnings per share?
Diluted earnings per share were $3.02 for the twelve months ended Sep 30, 2026, from SEC filings, restated for any stock split those filings show.When did MRP last report financial results?
The latest statements here come from Millrose Properties Inc.'s 10-Q filed on Nov 4, 2026, covering the period ended Sep 30, 2026.Where does this MRP financial data come from?
Quantisnow builds these statements from the structured XBRL data Millrose Properties Inc. files with the SEC. It is provided for information only and is not investment advice.