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AMERICAN REALTY INVESTORS INC

EDGAR
AREI Annual report amendment (10-K/A) · filed 2026-08-19

Annual consolidated revenue for 2025: about USD 50.01M, using the latest reported figures. The previous period, 2024, was about USD 47.32M.

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Watchlist

Latest quarter

Revenue

12.9 million USD

2026 Q2 · USD

Exact inputs and evidence

Operating margin

-19.81%

2026 Q2 · %

Exact inputs and evidence
  • Operating Income: -2549000 USD Source
  • Revenue: 12866000 USD Source

Operating cash flow

-2.4 million USD

2026 Q2 · USD

Exact inputs and evidence
  • Operating Cash Flow: -1521000 USD Source
  • Operating Cash Flow: 876000 USD Source
Cash and cash equivalents
10.8 million USD Source
Exact value

10849000 USD

Long-term debt including current maturities
218 million USD Source
Exact value

218028000 USD

Shares outstanding
16.2 million shares Source
Exact value

16152043 shares

Reported share-count change

0.00% · 0 shares

Year-over-year change in reported shares. Splits, issuance and buybacks can affect this figure; it does not isolate employee compensation or economic dilution.

Exact inputs and evidence
  • 16152043 shares · 2025-06-30· Source
  • 16152043 shares · 2026-06-30· Source

Trailing twelve months

The four most recent complete quarters added together. This gives a full-year view that includes the latest quarterly results.

Revenue

51.1 million USD

2025-07-01 – 2026-06-30

Exact inputs and evidence
  • Revenue: 12835000 USD · 2025-07-01 – 2025-09-30 Source
  • Revenue: 13011000 USD · 2025-10-01 – 2025-12-31 Source
  • Revenue: 12341000 USD · 2026-01-01 – 2026-03-31 Source
  • Revenue: 12866000 USD · 2026-04-01 – 2026-06-30 Source

Net income

8.35 million USD

2025-07-01 – 2026-06-30

Exact inputs and evidence
  • Net income: 129000 USD · 2025-07-01 – 2025-09-30 Source
  • Net income: 9782000 USD · 2025-10-01 – 2025-12-31 Source
  • Net income: -551000 USD · 2026-01-01 – 2026-03-31 Source
  • Net income: -1010000 USD · 2026-04-01 – 2026-06-30 Source

Operating cash flow

3.25 million USD

2025-07-01 – 2026-06-30

Exact inputs and evidence
  • Operating cash flow: -2351000 USD · 2025-01-01 – 2025-09-30 Source
  • Operating cash flow: -10324000 USD · 2025-01-01 – 2025-06-30 Source
  • Operating cash flow: -5553000 USD · 2025-01-01 – 2025-12-31 Source
  • Operating cash flow: -2351000 USD · 2025-01-01 – 2025-09-30 Source
  • Operating cash flow: 876000 USD · 2026-01-01 – 2026-03-31 Source
  • Operating cash flow: -1521000 USD · 2026-01-01 – 2026-06-30 Source
  • Operating cash flow: 876000 USD · 2026-01-01 – 2026-03-31 Source

Company performance

Up to ten complete financial years · consolidated figures

Includes later revisions to earlier periods. Annual charts exclude incomplete years.

Latest filing recorded: 2026-08-19.

Financial data available through: 2025-12-31.

Coverage by financial measure
  • Revenue: 10 of 11 periods available· newest 2025-12-31
  • Operating income: 11 of 11 periods available· newest 2025-12-31
  • Net income: 11 of 11 periods available· newest 2025-12-31
  • Operating cash flow: 11 of 11 periods available· newest 2025-12-31
  • capital expenditure: No compatible figures in this window
  • Total assets: 10 of 11 periods available· newest 2025-12-31
  • Total liabilities: 10 of 11 periods available· newest 2025-12-31
  • current assets: No compatible figures in this window
  • current liabilities: No compatible figures in this window
  • Cash and cash equivalents: 10 of 11 periods available· newest 2025-12-31
  • Long-term debt including current maturities: 10 of 11 periods available· newest 2025-12-31
  • Shares outstanding: 10 of 11 periods available· newest 2025-12-31

Coverage describes values retained in this snapshot. Missing values are not zero; loading limits are reported separately.

What changed year over year

Latest complete year compared with the corresponding period one year earlier. These are measured changes; they do not establish their business causes.

  • Revenue

    +5.7%

    Prior period

    USD 47.32 million

    –

    Current period

    USD 50.01 million

    –

    Exact inputs and evidence

    50014000 − 47318000 = 2696000 USD

    47318000 USD · 2024-01-01 – 2024-12-31

    Inspect prior input Prior source

    50014000 USD · 2025-01-01 – 2025-12-31

    Inspect current input Current source
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  • Net income

    +USD 30.41 million

    Prior period

    −USD 14.7 million

    –

    Current period

    USD 15.7 million

    –

    Exact inputs and evidence

    15703000 − -14703000 = 30406000 USD

    -14703000 USD · 2024-01-01 – 2024-12-31

    Inspect prior input Prior source

    15703000 USD · 2025-01-01 – 2025-12-31

    Inspect current input Current source
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  • Operating cash flow

    -609.9%

    Prior period

    USD 1.09 million

    –

    Current period

    −USD 5.55 million

    –

    Exact inputs and evidence

    -5553000 − 1089000 = -6642000 USD

    1089000 USD · 2024-01-01 – 2024-12-31

    Inspect prior input Prior source

    -5553000 USD · 2025-01-01 – 2025-12-31

    Inspect current input Current source
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Comparable inputs unavailable for: Capital expenditure.

Where revenue goes

How a period’s revenue divides into costs and what remains as profit. Items marked Derived are calculated by subtraction from reported figures.

2025 2025-01-01 – 2025-12-31

  • Revenue USD 50.01 million 100% of revenue
  • Operating costs Derived USD 56.44 million 113% of revenue
  • Operating income −USD 6.43 million −13% of revenue
  • Tax, interest and other Derived −USD 22.13 million −44% of revenue
  • Net income USD 15.7 million 31% of revenue

Cash

  • Operating cash flow −USD 5.55 million −11% of revenue
  • Capital expenditure Unavailable An input is unavailable.
  • Free cash flow Derived Unavailable An input is unavailable.

Share of revenue by period

  • Net income
  • Tax, interest and other
  • Operating costs
  • 2016 Net loss: net income was −2.3% of revenue.
  • 2017 Net loss: net income was −6.7% of revenue.
  • 2018 Net income was higher than operating income, so the split is not drawn.
  • 2019 Operating loss: operating costs were 101% of revenue.
  • 2020 Operating loss: operating costs were 100% of revenue.
  • 2021 Operating loss: operating costs were 149% of revenue.
  • 2022 Operating loss: operating costs were 125% of revenue.
  • 2023 Operating loss: operating costs were 122% of revenue.
  • 2024 Operating loss: operating costs were 114% of revenue.
  • 2025 Operating loss: operating costs were 113% of revenue.
Values and sources
Revenue breakdown by annual reporting period
PeriodRevenueOperating costsOperating incomeTax, interest and otherNet incomeFree cash flowSource
2016 2016-01-01 – 2016-12-31119663000 105029000 Derived 14634000 17366000 Derived -2732000 Unavailable
Source
2017 2017-01-01 – 2017-12-31126221000 108793000 Derived 17428000 25859000 Derived -8431000 Unavailable
Source
2018 2018-01-01 – 2018-12-31149949000 107071000 Derived 42878000 -130821000 Derived 173699000 Unavailable
Source
2019 2019-01-01 – 2019-12-3158988000 59378000 Derived -390000 15568000 Derived -15958000 Unavailable
Source
2020 2020-01-01 – 2020-12-3159026000 59138000 Derived -112000 -9142000 Derived 9030000 Unavailable
Source
2021 2021-01-01 – 2021-12-3142039000 62657000 Derived -20618000 -23965000 Derived 3347000 Unavailable
Source
2022 2022-01-01 – 2022-12-3137544000 46811000 Derived -9267000 -382616000 Derived 373349000 Unavailable
Source
2023 2023-01-01 – 2023-12-3150500000 61740000 Derived -11240000 -15208000 Derived 3968000 Unavailable
Source
2024 2024-01-01 – 2024-12-3147318000 53959000 Derived -6641000 8062000 Derived -14703000 Unavailable
Source
2025 2025-01-01 – 2025-12-3150014000 56443000 Derived -6429000 -22132000 Derived 15703000 Unavailable
Source

Amounts are exact, in USD.

Growth

Sales over time and how quickly they are changing.

Revenue

Revenue reported for each complete financial period.

USD 50M 2025
Revenue historyRevenue reported for each complete financial period. Values are shown by financial reporting period. Open Values and sources below for the exact observations and evidence.161.9M121.5M81.0M40.5M0.0201620212025
Values and sources
Revenue values and source evidence
PeriodSeriesValue(USD)Source evidence
2016Revenue119663000
2017Revenue126221000
2018Revenue149949000
2019Revenue58988000
2020Revenue59026000
2021Revenue42039000
2022Revenue37544000
2023Revenue50500000
2024Revenue47318000
2025Revenue50014000

Revenue growth

Change in revenue from the same financial period one year earlier.

5.7% 2025
Revenue growth historyChange in revenue from the same financial period one year earlier. Values are shown by financial reporting period. Open Values and sources below for the exact observations and evidence.42%15%-13%-41%-68%201620212025
Values and sources
Revenue growth values and source evidence
PeriodSeriesValueSource evidence
2016Year over yearNo prior comparable period
2017Year over year5.5%
2018Year over year18.8%
2019Year over year-60.7%
2020Year over year0.1%
2021Year over year-28.8%
2022Year over year-10.7%
2023Year over year34.5%
2024Year over year-6.3%
2025Year over year5.7%

Profit and cash

How much revenue becomes profit, and how much cash operations generate.

Profit margins

Operating income, net income and free cash flow as a share of revenue.

Operating margin -12.9% 2025
Net margin 31.4% 2025
Profit margins historyOperating income, net income and free cash flow as a share of revenue. Values are shown by financial reporting period. Open Values and sources below for the exact observations and evidence.1,078%775%473%170%-133%201620212025
  • Operating margin
  • Net margin
  • Free cash flow margin
Values and sources
Profit margins values and source evidence
PeriodSeriesValueSource evidence
2016Operating margin12.2%
2017Operating margin13.8%
2018Operating margin28.6%
2019Operating margin-0.7%
2020Operating margin-0.2%
2021Operating margin-49%
2022Operating margin-24.7%
2023Operating margin-22.3%
2024Operating margin-14%
2025Operating margin-12.9%
2016Net margin-2.3%
2017Net margin-6.7%
2018Net margin115.8%
2019Net margin-27.1%
2020Net margin15.3%
2021Net margin8%
2022Net margin994.4%
2023Net margin7.9%
2024Net margin-31.1%
2025Net margin31.4%
2016Free cash flow marginNot reported
2017Free cash flow marginNot reported
2018Free cash flow marginNot reported
2019Free cash flow marginNot reported
2020Free cash flow marginNot reported
2021Free cash flow marginNot reported
2022Free cash flow marginNot reported
2023Free cash flow marginNot reported
2024Free cash flow marginNot reported
2025Free cash flow marginNot reported

Operating cash flow

Cash generated by the company’s normal business operations.

USD -5.6M 2025
Operating cash flow historyCash generated by the company’s normal business operations. Values are shown by financial reporting period. Open Values and sources below for the exact observations and evidence.24.7M-28.2M-81.1M-134.0M-186.9M201620212025
Values and sources
Operating cash flow values and source evidence
PeriodSeriesValue(USD)Source evidence
2016Operating cash flow10134000
2017Operating cash flow-30126000
2018Operating cash flow-172332000
2019Operating cash flow-40641000
2020Operating cash flow3498000
2021Operating cash flow-11523000
2022Operating cash flow-45386000
2023Operating cash flow-31054000
2024Operating cash flow1089000
2025Operating cash flow-5553000

Free cash flow

Operating cash flow minus capital expenditure for the same period and unit.

Not enough comparable data to show this history.
Values and sources
Free cash flow values and source evidence
PeriodSeriesValue(USD)Source evidence
2016Free cash flowUnavailable
2017Free cash flowUnavailable
2018Free cash flowUnavailable
2019Free cash flowUnavailable
2020Free cash flowUnavailable
2021Free cash flowUnavailable
2022Free cash flowUnavailable
2023Free cash flowUnavailable
2024Free cash flowUnavailable
2025Free cash flowUnavailable

Balance sheet

Liabilities and short-term ability to meet obligations at each period end.

Liabilities to assets

Total liabilities as a share of total assets.

25.3% 2025
Liabilities to assets historyTotal liabilities as a share of total assets. Values are shown by financial reporting period. Open Values and sources below for the exact observations and evidence.94%71%47%24%0%201620212025
Values and sources
Liabilities to assets values and source evidence
PeriodSeriesValueSource evidence
2016Liabilities / assets85%
2017Liabilities / assets87.2%
2018Liabilities / assets61.1%
2019Liabilities / assets64.3%
2020Liabilities / assets61.8%
2021Liabilities / assets56.3%
2022Liabilities / assets32.2%
2023Liabilities / assets20.2%
2024Liabilities / assets22.3%
2025Liabilities / assets25.3%

Current assets to current liabilities

Current assets divided by current liabilities.

Not enough comparable data to show this history.
Values and sources
Current assets to current liabilities values and source evidence
PeriodSeriesValueSource evidence
2016-12-31Current assets / current liabilitiesNot reportedNo source recorded
2017-12-31Current assets / current liabilitiesNot reportedNo source recorded
2018-12-31Current assets / current liabilitiesNot reportedNo source recorded
2019-12-31Current assets / current liabilitiesNot reportedNo source recorded
2020-12-31Current assets / current liabilitiesNot reportedNo source recorded
2021-12-31Current assets / current liabilitiesNot reportedNo source recorded
2022-12-31Current assets / current liabilitiesNot reportedNo source recorded
2023-12-31Current assets / current liabilitiesNot reportedNo source recorded
2024-12-31Current assets / current liabilitiesNot reportedNo source recorded
2025-12-31Current assets / current liabilitiesNot reportedNo source recorded

Cash generation

Compare reported profit with operating cash and capital spending. Free cash flow is calculated as operating cash flow minus capital expenditure when both exact, consolidated amounts match the same period and unit.

Cash generation by annual reporting period
PeriodNet incomeOperating cash flowCapital expenditureFree cash flow
2016 2016-01-01 – 2016-12-31
−USD 2.73 million
Exact value

Exact value: -2732000 USD

2016-01-01 – 2016-12-31: -2732000 USD Inspect Net Income Open source
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USD 10.13 million
Exact value

Exact value: 10134000 USD

2016-01-01 – 2016-12-31: 10134000 USD Inspect Operating Cash Flow Open source
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Unavailable Not reported for this period.
Unavailable

Free cash flow cannot be calculated because Capital expenditure is unavailable for this period.

2017 2017-01-01 – 2017-12-31
−USD 8.43 million
Exact value

Exact value: -8431000 USD

2017-01-01 – 2017-12-31: -8431000 USD Inspect Net Income Open source
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−USD 30.13 million
Exact value

Exact value: -30126000 USD

2017-01-01 – 2017-12-31: -30126000 USD Inspect Operating Cash Flow Open source
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Unavailable Not reported for this period.
Unavailable

Free cash flow cannot be calculated because Capital expenditure is unavailable for this period.

2018 2018-01-01 – 2018-12-31
USD 173.7 million
Exact value

Exact value: 173699000 USD

2018-01-01 – 2018-12-31: 173699000 USD Inspect Net Income Open source
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−USD 172.33 million
Exact value

Exact value: -172332000 USD

2018-01-01 – 2018-12-31: -172332000 USD Inspect Operating Cash Flow Open source
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Unavailable Not reported for this period.
Unavailable

Free cash flow cannot be calculated because Capital expenditure is unavailable for this period.

2019 2019-01-01 – 2019-12-31
−USD 15.96 million
Exact value

Exact value: -15958000 USD

2019-01-01 – 2019-12-31: -15958000 USD Inspect Net Income Open source
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−USD 40.64 million
Exact value

Exact value: -40641000 USD

2019-01-01 – 2019-12-31: -40641000 USD Inspect Operating Cash Flow Open source
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Unavailable Not reported for this period.
Unavailable

Free cash flow cannot be calculated because Capital expenditure is unavailable for this period.

2020 2020-01-01 – 2020-12-31
USD 9.03 million
Exact value

Exact value: 9030000 USD

2020-01-01 – 2020-12-31: 9030000 USD Inspect Net Income Open source
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USD 3.5 million
Exact value

Exact value: 3498000 USD

2020-01-01 – 2020-12-31: 3498000 USD Inspect Operating Cash Flow Open source
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Unavailable Not reported for this period.
Unavailable

Free cash flow cannot be calculated because Capital expenditure is unavailable for this period.

2021 2021-01-01 – 2021-12-31
USD 3.35 million
Exact value

Exact value: 3347000 USD

2021-01-01 – 2021-12-31: 3347000 USD Inspect Net Income Open source
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−USD 11.52 million
Exact value

Exact value: -11523000 USD

2021-01-01 – 2021-12-31: -11523000 USD Inspect Operating Cash Flow Open source
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Unavailable Not reported for this period.
Unavailable

Free cash flow cannot be calculated because Capital expenditure is unavailable for this period.

2022 2022-01-01 – 2022-12-31
USD 373.35 million
Exact value

Exact value: 373349000 USD

2022-01-01 – 2022-12-31: 373349000 USD Inspect Net Income Open source
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−USD 45.39 million
Exact value

Exact value: -45386000 USD

2022-01-01 – 2022-12-31: -45386000 USD Inspect Operating Cash Flow Open source
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Unavailable Not reported for this period.
Unavailable

Free cash flow cannot be calculated because Capital expenditure is unavailable for this period.

2023 2023-01-01 – 2023-12-31
USD 3.97 million
Exact value

Exact value: 3968000 USD

2023-01-01 – 2023-12-31: 3968000 USD Inspect Net Income Open source
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−USD 31.05 million
Exact value

Exact value: -31054000 USD

2023-01-01 – 2023-12-31: -31054000 USD Inspect Operating Cash Flow Open source
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Unavailable Not reported for this period.
Unavailable

Free cash flow cannot be calculated because Capital expenditure is unavailable for this period.

2024 2024-01-01 – 2024-12-31
−USD 14.7 million
Exact value

Exact value: -14703000 USD

2024-01-01 – 2024-12-31: -14703000 USD Inspect Net Income Open source
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USD 1.09 million
Exact value

Exact value: 1089000 USD

2024-01-01 – 2024-12-31: 1089000 USD Inspect Operating Cash Flow Open source
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Unavailable Not reported for this period.
Unavailable

Free cash flow cannot be calculated because Capital expenditure is unavailable for this period.

2025 2025-01-01 – 2025-12-31
USD 15.7 million
Exact value

Exact value: 15703000 USD

2025-01-01 – 2025-12-31: 15703000 USD Inspect Net Income Open source
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−USD 5.55 million
Exact value

Exact value: -5553000 USD

2025-01-01 – 2025-12-31: -5553000 USD Inspect Operating Cash Flow Open source
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Unavailable Not reported for this period.
Unavailable

Free cash flow cannot be calculated because Capital expenditure is unavailable for this period.

Capital expenditure uses the canonical mapped positive-spending convention. A missing, ambiguous, incompatible, or negative-sign input is left blank. Values use the latest reported version.

Dataset coverage and company identifiers

Coverage reflects filings processed into this Fundies dataset; it does not imply every source filing is loaded.

153 filings · 5,037 latest values · 5,037 originally reported values

Dataset published . Source filing dates and reporting periods are shown separately.

Identifiers: 0001102238, 1102238, AREI, ARL, arl, edgar:1102238

Also known as AMERICAN REALTY INVESTORS INC, AMERICAN REALTY INVESTORS, INC., American Realty Investors, Inc