For the twelve months ended Sep 30, 2026, Orion Properties Inc. reported $141.23M of revenue and -$28.08M of net income.
ONL revenue was $35.43M in fiscal Q3 2026 (ended Sep 30, 2026), down 4.5% from a year earlier and up 3.3% from the prior quarter. For the full fiscal 2025 it was $147.65M, down 10.4% from fiscal 2024. Compound annual growth was +22.5% over 5 years. It rose in 3 of the last 6 fiscal years.
ONL net income was -$3.28M in fiscal Q3 2026 (ended Sep 30, 2026), compared with -$69.03M a year earlier. For the full fiscal 2025 it was -$139.31M, compared with -$103.01M in fiscal 2024.
ONL diluted EPS was -$0.06 in fiscal Q3 2026 (ended Sep 30, 2026), compared with -$1.23 a year earlier. For the full fiscal 2025 it was -$2.48, compared with -$1.84 in fiscal 2024.
| Line item | Dec 31, 2025 | Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 |
|---|---|---|---|---|---|---|---|
| Revenue | $147.65M | $164.86M | $195.04M | $208.12M | $79.73M | $53.47M | $53.47M |
| Selling, general and admin | $20.31M | $20.09M | $18.72M | $15.91M | $3.83M | $2.05M | $2.04M |
| Pre-tax income | -$139.03M | -$102.76M | -$56.85M | -$97.26M | -$47.31M | -$1.90M | $15.28M |
| Income tax | $259.0K | $214.0K | $456.0K | $212.0K | $157.0K | $0 | $0 |
| Net income | -$139.31M | -$103.01M | -$57.30M | -$97.49M | -$47.48M | -$1.90M | $15.28M |
| EPS, basic | -$2.48 | -$1.84 | -$1.02 | -$1.72 | -$0.84 | -$0.03 | $0.27 |
| EPS, diluted | -$2.48 | -$1.84 | -$1.02 | -$1.72 | -$0.84 | -$0.03 | $0.27 |
| Diluted shares | 56.2M | 55.9M | 56.4M | 56.6M | 56.6M | 56.6M | 56.6M |
| Line item | Dec 31, 2025 | Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 |
|---|---|---|---|---|---|---|---|
| Cash and equivalents | $22.36M | $15.60M | $22.47M | $20.64M | $29.32M | $0 | $0 |
| Total assets | $1.17B | $1.34B | $1.42B | $1.57B | $1.76B | $546.43M | - |
| Short-term debt | - | - | - | $0 | $354.36M | - | - |
| Total debt | $463.96M | $490.22M | $468.86M | $525.98M | $616.85M | $37.05M | - |
| Total liabilities | $545.99M | $571.17M | $536.93M | $595.22M | $671.19M | $49.31M | - |
| Shareholders' equity | $623.21M | $765.26M | $887.00M | $975.86M | $1.09B | $497.12M | $508.01M |
| Line item | Dec 31, 2025 | Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 |
|---|---|---|---|---|---|---|---|
| Operating cash flow | $23.58M | $54.26M | $89.09M | $114.23M | $56.11M | $42.33M | $39.99M |
| Investing cash flow | $16.78M | -$51.26M | $5.29M | $22.48M | -$12.26M | -$464.0K | -$536.0K |
| Financing cash flow | -$36.89M | -$3.02M | -$92.49M | -$110.72M | -$18.44M | -$41.67M | -$38.59M |
| Dividends paid | $8.97M | $22.36M | $22.58M | - | - | - | - |
| Share repurchases | $0 | $0 | $5.02M | $0 | $0 | $0 | - |
| Stock-based compensation | $3.90M | $3.76M | $2.73M | $1.76M | $65.0K | $0 | $0 |
| Depreciation and amortization | $58.75M | $100.82M | $109.11M | $131.37M | $43.92M | $25.95M | $26.92M |
| Line item | Dec 31, 2025 | Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 |
|---|---|---|---|---|---|---|---|
| Revenue growth, YoY | -10.4% | -15.5% | -6.3% | 161.0% | 49.1% | 0.0% | - |
| Net margin | -94.4% | -62.5% | -29.4% | -46.8% | -59.6% | -3.6% | 28.6% |
| Return on equity | -22.4% | -13.5% | -6.5% | -10.0% | -4.4% | -0.4% | 3.0% |
| Return on assets | -11.9% | -7.7% | -4.0% | -6.2% | -2.7% | -0.3% | - |
| Debt to equity | 0.74 | 0.64 | 0.53 | 0.54 | 0.57 | 0.07 | - |
| 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 | Dec 31, 2023 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $35.43M | $34.30M | $36.27M | $35.22M | $37.12M | $37.30M | $38.00M | $38.36M | $39.18M | $40.12M | $47.20M | $43.75M |
| Selling, general and admin | $4.74M | $4.61M | $5.14M | $5.97M | $4.61M | $4.84M | $4.90M | $6.13M | $4.47M | $4.54M | $4.95M | $5.48M |
| Pre-tax income | -$3.20M | $24.65M | -$13.50M | -$35.74M | -$68.96M | -$25.03M | -$9.29M | -$32.75M | -$10.13M | -$33.73M | -$26.15M | -$16.26M |
| Income tax | $69.0K | $71.0K | $71.0K | $59.0K | $67.0K | $67.0K | $66.0K | -$12.0K | $76.0K | $73.0K | $77.0K | -$49.0K |
| Net income | -$3.28M | $24.58M | -$13.57M | -$35.81M | -$69.03M | -$25.10M | -$9.36M | -$32.76M | -$10.22M | -$33.80M | -$26.23M | -$16.17M |
| EPS, basic | -$0.06 | $0.43 | -$0.24 | -$0.63 | -$1.23 | -$0.45 | -$0.17 | -$0.59 | -$0.18 | -$0.60 | -$0.47 | -$0.29 |
| EPS, diluted | -$0.06 | $0.42 | -$0.24 | -$0.63 | -$1.23 | -$0.45 | -$0.17 | -$0.59 | -$0.18 | -$0.60 | -$0.47 | -$0.29 |
| Diluted shares | 57.0M | 58.1M | 56.6M | - | 56.3M | 56.3M | 56.0M | - | 55.9M | 55.9M | 55.8M | - |
| 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 | Dec 31, 2023 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash and equivalents | $13.73M | $16.87M | $10.27M | $22.36M | $32.64M | $17.38M | $9.38M | $15.60M | $16.56M | $24.22M | $23.62M | $22.47M |
| Total assets | $1.14B | $1.14B | $1.19B | $1.17B | $1.22B | $1.29B | $1.33B | $1.34B | $1.37B | $1.34B | $1.39B | $1.42B |
| Total debt | $433.95M | $433.80M | $493.93M | $463.96M | $481.77M | $481.59M | $503.40M | $490.22M | $483.37M | $460.20M | $469.03M | $468.86M |
| Total liabilities | $506.17M | $506.05M | $578.50M | $545.99M | $562.68M | $558.86M | $573.07M | $571.17M | $566.54M | $522.36M | $529.57M | $536.93M |
| Shareholders' equity | $629.13M | $634.03M | $609.79M | $623.21M | $660.12M | $729.33M | $754.80M | $765.26M | $802.33M | $817.49M | $855.95M | $887.00M |
| 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 | Dec 31, 2023 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | $10.01M | $16.08M | -$7.72M | $8.52M | $5.74M | $11.56M | -$2.25M | $12.50M | $13.75M | $16.99M | $11.02M | $19.50M |
| Investing cash flow | -$7.97M | $51.10M | -$16.68M | $8.58M | $4.71M | $16.60M | -$13.11M | -$8.31M | -$38.12M | -$1.08M | -$3.75M | $2.14M |
| Financing cash flow | -$1.39M | -$64.19M | $24.30M | -$19.22M | -$1.17M | -$23.17M | $6.67M | $1.38M | $17.01M | -$15.58M | -$5.83M | -$64.64M |
| Dividends paid | $1.14M | $1.14M | $1.13M | $1.13M | $1.13M | $1.12M | $5.59M | - | - | - | - | - |
| Share repurchases | - | - | - | - | - | - | - | $0 | - | - | - | $0 |
| Stock-based compensation | $804.0K | $814.0K | $868.0K | $1.40M | $972.0K | $822.0K | $704.0K | $1.31M | $725.0K | $935.0K | $790.0K | $826.0K |
| Depreciation and amortization | $12.52M | $13.52M | $13.16M | $13.09M | $14.71M | $14.93M | $16.02M | $17.79M | $19.91M | $38.61M | $24.50M | $26.05M |
| 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 | Dec 31, 2023 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue growth, YoY | -4.5% | -8.0% | -4.6% | -8.2% | -5.2% | -7.0% | -19.5% | -12.3% | -20.2% | -22.9% | -6.0% | -13.0% |
| Net margin | -9.3% | 71.7% | -37.4% | -101.7% | -186.0% | -67.3% | -24.6% | -85.4% | -26.1% | -84.2% | -55.6% | -37.0% |
| Debt to equity | 0.69 | 0.68 | 0.81 | 0.74 | 0.73 | 0.66 | 0.67 | 0.64 | 0.60 | 0.56 | 0.55 | 0.53 |
Source: XBRL data Orion Properties Inc. files with the SEC, latest filing dated Nov 5, 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.
| Company | Revenue | Growth | Net income | Net margin | Market cap |
|---|---|---|---|---|---|
| ONL | $141.23M | -6.3% | -$28.08M | -19.9% | $163.1M |
| WELL | $13.79B | +39.2% | $1.67B | 12.1% | $181.46B |
| PLD | $8.95B | +6.7% | $3.71B | 41.5% | $124.09B |
| EQIX | $10.06B | +11.1% | $1.65B | 16.4% | $104.38B |
| AMT | $11.01B | +5.3% | $3.31B | 30.1% | $87.65B |
| SPG | $7.15B | +16.2% | $4.51B | 63.0% | $75.39B |
| DLR | $6.34B | +12.6% | $1.38B | 21.7% | $68.13B |
| PSA | $5.03B | +5.2% | $1.90B | 37.8% | $63.18B |
| O | $6.21B | +10.8% | $1.36B | 21.8% | $56.58B |