English

RW HOLDINGS NNN REIT, INC.

EDGAR

MDVA Quarterly report (10-Q) · filed 2026-08-11

Annual consolidated revenue for 2025: about USD 46.39M, using the latest reported figures. The previous period, 2024, was about USD 46.76M.

Inspect reported changes Compare with another company Historical disclosures Search filings Segments

Watchlist

Latest quarter

Revenue

11.7 million USD

2026 Q2 · USD

Exact inputs and evidence

Revenue: 11694000 USD Source

Operating margin

85.34%

2026 Q2 · %

Exact inputs and evidence

Operating Income: 9980000 USD Source
Revenue: 11694000 USD Source

Operating cash flow

3.48 million USD

2026 Q2 · USD

Exact inputs and evidence

Operating Cash Flow: 7582000 USD Source
Operating Cash Flow: 4104000 USD Source

Cash and cash equivalents: 21.6 million USD 2026-06-30 Source
Exact value

21626000 USD
Long-term debt including current maturities: 273 million USD 2026-06-30 Source
Exact value

273339000 USD
Shares outstanding: 6.18 million shares 2017-06-30 Source
Exact value

6184560 shares

Reported share-count change

30,822.80% · 6.16 million 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

20000 shares · 2016-06-30· Source
6184560 shares · 2017-06-30· 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

46.2 million USD

2025-07-01 – 2026-06-30

Exact inputs and evidence

Revenue: 11687000 USD · 2025-07-01 – 2025-09-30 Source
Revenue: 46387000 USD · 2025-01-01 – 2025-12-31 Source
Revenue: 35313000 USD · 2025-01-01 – 2025-09-30 Source
Revenue: 11703000 USD · 2026-01-01 – 2026-03-31 Source
Revenue: 11694000 USD · 2026-04-01 – 2026-06-30 Source

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

Latest filing recorded: 2026-08-11.

Financial data available through: 2025-12-31.

Coverage by financial measure

Revenue: 6 of 11 periods available· newest 2025-12-31
Operating income: 7 of 11 periods available· newest 2025-12-31
Net income: 10 of 11 periods available· newest 2025-12-31
Operating cash flow: 10 of 11 periods available· newest 2025-12-31
capital expenditure: No compatible figures in this window
Total assets: 6 of 11 periods available· newest 2025-12-31
Total liabilities: 6 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: 6 of 11 periods available· newest 2025-12-31
Long-term debt including current maturities: 6 of 11 periods available· newest 2025-12-31
Shares outstanding: 1 of 11 periods available· newest 2016-12-31

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
-0.8%

Prior period

USD 46.76 million

2024-01-01 – 2024-12-31
Current period

USD 46.39 million

2025-01-01 – 2025-12-31

Exact inputs and evidence

46387000 − 46761000 = -374000 USD

46761000 USD · 2024-01-01 – 2024-12-31
Inspect prior input Prior source
46387000 USD · 2025-01-01 – 2025-12-31
Inspect current input Current source

Share or cite

Citation for Year-over-year change in Revenue · RW HOLDINGS NNN REIT, INC. · 2025-12-31 RW HOLDINGS NNN REIT, INC. (edgar:1645873) Year-over-year change in Revenue: -374000 USD Concept: fundies:Revenue Period: 2025-01-01 to 2025-12-31 Values: Latest reported Published: 2026-11-02T09:32:59Z Snapshot: 2e167c544acd282b1ed83fd55a50ba564bc60fa7bc814e8250bdebe50baf9663 Dimensions: Consolidated View: https://fundies.io/companies/edgar/1645873?view=overview&cadence=annual&surface=latest#period-changes-title Computed: Current period minus corresponding prior-year period Input fundies:Revenue: 46387000 USD (2025-01-01 to 2025-12-31) Dimensions: Consolidated Source: https://www.sec.gov/Archives/edgar/data/1645873/000164587326000040/none-20251231.htm#967977 Filing: 000164587326000040 Input fundies:Revenue: 46761000 USD (2024-01-01 to 2024-12-31) Dimensions: Consolidated Source: https://www.sec.gov/Archives/edgar/data/1645873/000164587326000040/none-20251231.htm#968589 Filing: 000164587326000040
The citation records this snapshot. The page link may show a newer release later.
Net income
-82.3%

Prior period

USD 6.02 million

2024-01-01 – 2024-12-31
Current period

USD 1.07 million

2025-01-01 – 2025-12-31

Exact inputs and evidence

1068000 − 6018000 = -4950000 USD

6018000 USD · 2024-01-01 – 2024-12-31
Inspect prior input Prior source
1068000 USD · 2025-01-01 – 2025-12-31
Inspect current input Current source

Share or cite

Citation for Year-over-year change in Net income · RW HOLDINGS NNN REIT, INC. · 2025-12-31 RW HOLDINGS NNN REIT, INC. (edgar:1645873) Year-over-year change in Net income: -4950000 USD Concept: fundies:NetIncome Period: 2025-01-01 to 2025-12-31 Values: Latest reported Published: 2026-11-02T09:32:59Z Snapshot: 2e167c544acd282b1ed83fd55a50ba564bc60fa7bc814e8250bdebe50baf9663 Dimensions: Consolidated View: https://fundies.io/companies/edgar/1645873?view=overview&cadence=annual&surface=latest#period-changes-title Computed: Current period minus corresponding prior-year period Input fundies:NetIncome: 1068000 USD (2025-01-01 to 2025-12-31) Dimensions: Consolidated Source: https://www.sec.gov/Archives/edgar/data/1645873/000164587326000040/none-20251231.htm#999875 Filing: 000164587326000040 Input fundies:NetIncome: 6018000 USD (2024-01-01 to 2024-12-31) Dimensions: Consolidated Source: https://www.sec.gov/Archives/edgar/data/1645873/000164587326000040/none-20251231.htm#1000491 Filing: 000164587326000040
The citation records this snapshot. The page link may show a newer release later.
Operating cash flow
-17.9%

Prior period

USD 18.24 million

2024-01-01 – 2024-12-31
Current period

USD 14.97 million

2025-01-01 – 2025-12-31

Exact inputs and evidence

14967000 − 18241000 = -3274000 USD

18241000 USD · 2024-01-01 – 2024-12-31
Inspect prior input Prior source
14967000 USD · 2025-01-01 – 2025-12-31
Inspect current input Current source

Share or cite

Citation for Year-over-year change in Operating cash flow · RW HOLDINGS NNN REIT, INC. · 2025-12-31 RW HOLDINGS NNN REIT, INC. (edgar:1645873) Year-over-year change in Operating cash flow: -3274000 USD Concept: fundies:OperatingCashFlow Period: 2025-01-01 to 2025-12-31 Values: Latest reported Published: 2026-11-02T09:32:59Z Snapshot: 2e167c544acd282b1ed83fd55a50ba564bc60fa7bc814e8250bdebe50baf9663 Dimensions: Consolidated View: https://fundies.io/companies/edgar/1645873?view=overview&cadence=annual&surface=latest#period-changes-title Computed: Current period minus corresponding prior-year period Input fundies:OperatingCashFlow: 14967000 USD (2025-01-01 to 2025-12-31) Dimensions: Consolidated Source: https://www.sec.gov/Archives/edgar/data/1645873/000164587326000040/none-20251231.htm#1252402 Filing: 000164587326000040 Input fundies:OperatingCashFlow: 18241000 USD (2024-01-01 to 2024-12-31) Dimensions: Consolidated Source: https://www.sec.gov/Archives/edgar/data/1645873/000164587326000040/none-20251231.htm#1253048 Filing: 000164587326000040
The citation records this snapshot. The page link may show a newer release later.

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 46.39 million 100% of revenue
Operating costs Derived USD 30.57 million 66% of revenue
Operating income USD 15.82 million 34% of revenue
Tax, interest and other Derived USD 14.75 million 32% of revenue
Net income USD 1.07 million 2.3% of revenue

Cash

Operating cash flow USD 14.97 million 32% 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 Not shown: operating income or net income is not reported.
2017 Not shown: operating income or net income is not reported.
2018 Not shown: operating income or net income is not reported.
2023 Net loss: net income was −14% of revenue.
2024 13%34%53%
2025 32%66%

Values and sources

Revenue breakdown by annual reporting period
Period	Revenue	Operating costs	Operating income	Tax, interest and other	Net income	Free cash flow	Source
2016 2016-01-01 – 2016-12-31	861744	Unavailable	Unavailable	Unavailable	-1237441	Unavailable	Source 2016-01-01 – 2016-12-31: 861744 USD Inspect Revenue Open source 2016-01-01 – 2016-12-31: -1237441 USD Inspect Net Income Open source 2016-01-01 – 2016-12-31: -672132 USD Inspect Operating Cash Flow Open source
2017 2017-01-01 – 2017-12-31	7390206	Unavailable	Unavailable	Unavailable	-868484	Unavailable	Source 2017-01-01 – 2017-12-31: 7390206 USD Inspect Revenue Open source 2017-01-01 – 2017-12-31: -868484 USD Inspect Net Income Open source 2017-01-01 – 2017-12-31: 3790837 USD Inspect Operating Cash Flow Open source
2018 2018-01-01 – 2018-12-31	17984625	Unavailable	Unavailable	Unavailable	-1801724	Unavailable	Source 2018-01-01 – 2018-12-31: 17984625 USD Inspect Revenue Open source 2018-01-01 – 2018-12-31: -1801724 USD Inspect Net Income Open source 2018-01-01 – 2018-12-31: 5881889 USD Inspect Operating Cash Flow Open source
2023 2023-01-01 – 2023-12-31	47234000	44623000 Derived	2611000	9225000 Derived	-6614000	Unavailable	Source 2023-01-01 – 2023-12-31: 47234000 USD Inspect Revenue Open source 2023-01-01 – 2023-12-31: 2611000 USD Inspect Operating Income Open source 2023-01-01 – 2023-12-31: -6614000 USD Inspect Net Income Open source 2023-01-01 – 2023-12-31: 16579000 USD Inspect Operating Cash Flow Open source
2024 2024-01-01 – 2024-12-31	46761000	24780000 Derived	21981000	15963000 Derived	6018000	Unavailable	Source 2024-01-01 – 2024-12-31: 46761000 USD Inspect Revenue Open source 2024-01-01 – 2024-12-31: 21981000 USD Inspect Operating Income Open source 2024-01-01 – 2024-12-31: 6018000 USD Inspect Net Income Open source 2024-01-01 – 2024-12-31: 18241000 USD Inspect Operating Cash Flow Open source
2025 2025-01-01 – 2025-12-31	46387000	30567000 Derived	15820000	14752000 Derived	1068000	Unavailable	Source 2025-01-01 – 2025-12-31: 46387000 USD Inspect Revenue Open source 2025-01-01 – 2025-12-31: 15820000 USD Inspect Operating Income Open source 2025-01-01 – 2025-12-31: 1068000 USD Inspect Net Income Open source 2025-01-01 – 2025-12-31: 14967000 USD Inspect Operating Cash Flow Open 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 46.4M 2025

Values and sources

Revenue values and source evidence
Period	Series	Value(USD)	Source evidence
20162016-12-31	Revenue	861744	Revenue: 861744 Open source
20172017-12-31	Revenue	7390206	Revenue: 7390206 Open source
20182018-12-31	Revenue	17984625	Revenue: 17984625 Open source
20232023-12-31	Revenue	47234000	Revenue: 47234000 Open source
20242024-12-31	Revenue	46761000	Revenue: 46761000 Open source
20252025-12-31	Revenue	46387000	Revenue: 46387000 Open source

Revenue growth

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

-0.8% 2025

Values and sources

Revenue growth values and source evidence
Period	Series	Value	Source evidence
20162016-12-31	Year over year	No prior comparable period	Revenue: 861744 Open source
20172017-12-31	Year over year	757.6%	Revenue: 7390206 Open source Revenue: 861744 Open source
20182018-12-31	Year over year	143.4%	Revenue: 17984625 Open source Revenue: 7390206 Open source
20232023-12-31	Year over year	No prior comparable period	Revenue: 47234000 Open source
20242024-12-31	Year over year	-1%	Revenue: 46761000 Open source Revenue: 47234000 Open source
20252025-12-31	Year over year	-0.8%	Revenue: 46387000 Open source Revenue: 46761000 Open source

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 34.1% 2025

Net margin 2.3% 2025

Operating margin
Net margin
Free cash flow margin

Values and sources

Profit margins values and source evidence
Period	Series	Value	Source evidence
2016-12-31	Operating margin	Not reported	Revenue: 861744 Open source
2017-12-31	Operating margin	Not reported	Revenue: 7390206 Open source
2018-12-31	Operating margin	Not reported	Revenue: 17984625 Open source
20232023-12-31	Operating margin	5.5%	Operating Income: 2611000 Open source Revenue: 47234000 Open source
20242024-12-31	Operating margin	47%	Operating Income: 21981000 Open source Revenue: 46761000 Open source
20252025-12-31	Operating margin	34.1%	Operating Income: 15820000 Open source Revenue: 46387000 Open source
20162016-12-31	Net margin	-143.6%	Net Income: -1237441 Open source Revenue: 861744 Open source
20172017-12-31	Net margin	-11.8%	Net Income: -868484 Open source Revenue: 7390206 Open source
20182018-12-31	Net margin	-10%	Net Income: -1801724 Open source Revenue: 17984625 Open source
20232023-12-31	Net margin	-14%	Net Income: -6614000 Open source Revenue: 47234000 Open source
20242024-12-31	Net margin	12.9%	Net Income: 6018000 Open source Revenue: 46761000 Open source
20252025-12-31	Net margin	2.3%	Net Income: 1068000 Open source Revenue: 46387000 Open source
20162016-12-31	Free cash flow margin	Not reported	Revenue: 861744 Open source Operating Cash Flow: -672132 Open source
20172017-12-31	Free cash flow margin	Not reported	Revenue: 7390206 Open source Operating Cash Flow: 3790837 Open source
20182018-12-31	Free cash flow margin	Not reported	Revenue: 17984625 Open source Operating Cash Flow: 5881889 Open source
20232023-12-31	Free cash flow margin	Not reported	Revenue: 47234000 Open source Operating Cash Flow: 16579000 Open source
20242024-12-31	Free cash flow margin	Not reported	Revenue: 46761000 Open source Operating Cash Flow: 18241000 Open source
20252025-12-31	Free cash flow margin	Not reported	Revenue: 46387000 Open source Operating Cash Flow: 14967000 Open source

Operating cash flow

Cash generated by the company’s normal business operations.

USD 15M 2025

Values and sources

Operating cash flow values and source evidence
Period	Series	Value(USD)	Source evidence
20162016-12-31	Operating cash flow	-672132	Operating Cash Flow: -672132 Open source
20172017-12-31	Operating cash flow	3790837	Operating Cash Flow: 3790837 Open source
20182018-12-31	Operating cash flow	5881889	Operating Cash Flow: 5881889 Open source
20232023-12-31	Operating cash flow	16579000	Operating Cash Flow: 16579000 Open source
20242024-12-31	Operating cash flow	18241000	Operating Cash Flow: 18241000 Open source
20252025-12-31	Operating cash flow	14967000	Operating Cash Flow: 14967000 Open source

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
Period	Series	Value(USD)	Source evidence
20162016-12-31	Free cash flow	Unavailable	Operating Cash Flow: -672132 Open source
20172017-12-31	Free cash flow	Unavailable	Operating Cash Flow: 3790837 Open source
20182018-12-31	Free cash flow	Unavailable	Operating Cash Flow: 5881889 Open source
20232023-12-31	Free cash flow	Unavailable	Operating Cash Flow: 16579000 Open source
20242024-12-31	Free cash flow	Unavailable	Operating Cash Flow: 18241000 Open source
20252025-12-31	Free cash flow	Unavailable	Operating Cash Flow: 14967000 Open source

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.

57.6% 2025

Values and sources

Liabilities to assets values and source evidence
Period	Series	Value	Source evidence
20162016-12-31	Liabilities / assets	45.7%	Total Liabilities: 18874794 Open source Total Assets: 41302560 Open source
20172017-12-31	Liabilities / assets	49.5%	Total Liabilities: 77777232 Open source Total Assets: 157073447 Open source
20182018-12-31	Liabilities / assets	56.8%	Total Liabilities: 143332182 Open source Total Assets: 252425902 Open source
20232023-12-31	Liabilities / assets	57.6%	Total Liabilities: 305774000 Open source Total Assets: 530896000 Open source
20242024-12-31	Liabilities / assets	57.8%	Total Liabilities: 293779000 Open source Total Assets: 507829000 Open source
20252025-12-31	Liabilities / assets	57.6%	Total Liabilities: 274412000 Open source Total Assets: 476457000 Open source

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
Period	Series	Value	Source evidence
2016-12-31	Current assets / current liabilities	Not reported	No source recorded
2017-12-31	Current assets / current liabilities	Not reported	No source recorded
2018-12-31	Current assets / current liabilities	Not reported	No source recorded
2023-12-31	Current assets / current liabilities	Not reported	No source recorded
2024-12-31	Current assets / current liabilities	Not reported	No source recorded
2025-12-31	Current assets / current liabilities	Not reported	No 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
Period	Net income	Operating cash flow	Capital expenditure	Free cash flow
2016 2016-01-01 – 2016-12-31	−USD 1.24 million Exact value Exact value: -1237441 USD 2016-01-01 – 2016-12-31: -1237441 USD Inspect Net Income Open source Share or cite Citation for Net Income · RW HOLDINGS NNN REIT, INC. · 2016-12-31 RW HOLDINGS NNN REIT, INC. (edgar:1645873) Net Income: -1237441 USD Concept: fundies:NetIncome Period: 2016-01-01 to 2016-12-31 Values: Latest reported Published: 2026-11-02T09:32:59Z Snapshot: 2e167c544acd282b1ed83fd55a50ba564bc60fa7bc814e8250bdebe50baf9663 Dimensions: Consolidated View: https://fundies.io/companies/edgar/1645873/explain?concept=fundies%3ANetIncome&period=2016-12-31&surface=latest&period_type=duration&start=2016-01-01&unit=USD&dimensions= Input fundies:NetIncome: -1237441 USD (2016-01-01 to 2016-12-31) Dimensions: Consolidated Source: https://www.sec.gov/Archives/edgar/data/1645873/000114420418018977/cik0001645873-20171231.xml#282590 Filing: 000114420418018977 The citation records this snapshot. The page link may show a newer release later.	−USD 672,132 Exact value Exact value: -672132 USD 2016-01-01 – 2016-12-31: -672132 USD Inspect Operating Cash Flow Open source Share or cite Citation for Operating Cash Flow · RW HOLDINGS NNN REIT, INC. · 2016-12-31 RW HOLDINGS NNN REIT, INC. (edgar:1645873) Operating Cash Flow: -672132 USD Concept: fundies:OperatingCashFlow Period: 2016-01-01 to 2016-12-31 Values: Latest reported Published: 2026-11-02T09:32:59Z Snapshot: 2e167c544acd282b1ed83fd55a50ba564bc60fa7bc814e8250bdebe50baf9663 Dimensions: Consolidated View: https://fundies.io/companies/edgar/1645873/explain?concept=fundies%3AOperatingCashFlow&period=2016-12-31&surface=latest&period_type=duration&start=2016-01-01&unit=USD&dimensions= Input fundies:OperatingCashFlow: -672132 USD (2016-01-01 to 2016-12-31) Dimensions: Consolidated Source: https://www.sec.gov/Archives/edgar/data/1645873/000114420418018977/cik0001645873-20171231.xml#293570 Filing: 000114420418018977 The citation records this snapshot. The page link may show a newer release later.	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 868,484 Exact value Exact value: -868484 USD 2017-01-01 – 2017-12-31: -868484 USD Inspect Net Income Open source Share or cite Citation for Net Income · RW HOLDINGS NNN REIT, INC. · 2017-12-31 RW HOLDINGS NNN REIT, INC. (edgar:1645873) Net Income: -868484 USD Concept: fundies:NetIncome Period: 2017-01-01 to 2017-12-31 Values: Latest reported Published: 2026-11-02T09:32:59Z Snapshot: 2e167c544acd282b1ed83fd55a50ba564bc60fa7bc814e8250bdebe50baf9663 Dimensions: Consolidated View: https://fundies.io/companies/edgar/1645873/explain?concept=fundies%3ANetIncome&period=2017-12-31&surface=latest&period_type=duration&start=2017-01-01&unit=USD&dimensions= Input fundies:NetIncome: -868484 USD (2017-01-01 to 2017-12-31) Dimensions: Consolidated Source: https://www.sec.gov/Archives/edgar/data/1645873/000164587319000003/cik0001645873-20181231.xml#493383 Filing: 000164587319000003 The citation records this snapshot. The page link may show a newer release later.	USD 3.79 million Exact value Exact value: 3790837 USD 2017-01-01 – 2017-12-31: 3790837 USD Inspect Operating Cash Flow Open source Share or cite Citation for Operating Cash Flow · RW HOLDINGS NNN REIT, INC. · 2017-12-31 RW HOLDINGS NNN REIT, INC. (edgar:1645873) Operating Cash Flow: 3790837 USD Concept: fundies:OperatingCashFlow Period: 2017-01-01 to 2017-12-31 Values: Latest reported Published: 2026-11-02T09:32:59Z Snapshot: 2e167c544acd282b1ed83fd55a50ba564bc60fa7bc814e8250bdebe50baf9663 Dimensions: Consolidated View: https://fundies.io/companies/edgar/1645873/explain?concept=fundies%3AOperatingCashFlow&period=2017-12-31&surface=latest&period_type=duration&start=2017-01-01&unit=USD&dimensions= Input fundies:OperatingCashFlow: 3790837 USD (2017-01-01 to 2017-12-31) Dimensions: Consolidated Source: https://www.sec.gov/Archives/edgar/data/1645873/000164587319000003/cik0001645873-20181231.xml#492965 Filing: 000164587319000003 The citation records this snapshot. The page link may show a newer release later.	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 1.8 million Exact value Exact value: -1801724 USD 2018-01-01 – 2018-12-31: -1801724 USD Inspect Net Income Open source Share or cite Citation for Net Income · RW HOLDINGS NNN REIT, INC. · 2018-12-31 RW HOLDINGS NNN REIT, INC. (edgar:1645873) Net Income: -1801724 USD Concept: fundies:NetIncome Period: 2018-01-01 to 2018-12-31 Values: Latest reported Published: 2026-11-02T09:32:59Z Snapshot: 2e167c544acd282b1ed83fd55a50ba564bc60fa7bc814e8250bdebe50baf9663 Dimensions: Consolidated View: https://fundies.io/companies/edgar/1645873/explain?concept=fundies%3ANetIncome&period=2018-12-31&surface=latest&period_type=duration&start=2018-01-01&unit=USD&dimensions= Input fundies:NetIncome: -1801724 USD (2018-01-01 to 2018-12-31) Dimensions: Consolidated Source: https://www.sec.gov/Archives/edgar/data/1645873/000164587320000075/cik0001645873-20191231.xml#764272 Filing: 000164587320000075 The citation records this snapshot. The page link may show a newer release later.	USD 5.88 million Exact value Exact value: 5881889 USD 2018-01-01 – 2018-12-31: 5881889 USD Inspect Operating Cash Flow Open source Share or cite Citation for Operating Cash Flow · RW HOLDINGS NNN REIT, INC. · 2018-12-31 RW HOLDINGS NNN REIT, INC. (edgar:1645873) Operating Cash Flow: 5881889 USD Concept: fundies:OperatingCashFlow Period: 2018-01-01 to 2018-12-31 Values: Latest reported Published: 2026-11-02T09:32:59Z Snapshot: 2e167c544acd282b1ed83fd55a50ba564bc60fa7bc814e8250bdebe50baf9663 Dimensions: Consolidated View: https://fundies.io/companies/edgar/1645873/explain?concept=fundies%3AOperatingCashFlow&period=2018-12-31&surface=latest&period_type=duration&start=2018-01-01&unit=USD&dimensions= Input fundies:OperatingCashFlow: 5881889 USD (2018-01-01 to 2018-12-31) Dimensions: Consolidated Source: https://www.sec.gov/Archives/edgar/data/1645873/000164587320000075/cik0001645873-20191231.xml#763854 Filing: 000164587320000075 The citation records this snapshot. The page link may show a newer release later.	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 4.42 million Exact value Exact value: -4415992 USD 2019-01-01 – 2019-12-31: -4415992 USD Inspect Net Income Open source Share or cite Citation for Net Income · RW HOLDINGS NNN REIT, INC. · 2019-12-31 RW HOLDINGS NNN REIT, INC. (edgar:1645873) Net Income: -4415992 USD Concept: fundies:NetIncome Period: 2019-01-01 to 2019-12-31 Values: Latest reported Published: 2026-11-02T09:32:59Z Snapshot: 2e167c544acd282b1ed83fd55a50ba564bc60fa7bc814e8250bdebe50baf9663 Dimensions: Consolidated View: https://fundies.io/companies/edgar/1645873/explain?concept=fundies%3ANetIncome&period=2019-12-31&surface=latest&period_type=duration&start=2019-01-01&unit=USD&dimensions= Input fundies:NetIncome: -4415992 USD (2019-01-01 to 2019-12-31) Dimensions: Consolidated Source: https://www.sec.gov/Archives/edgar/data/1645873/000164587321000080/none-20201231.htm#2017649 Filing: 000164587321000080 The citation records this snapshot. The page link may show a newer release later.	USD 4.75 million Exact value Exact value: 4748904 USD 2019-01-01 – 2019-12-31: 4748904 USD Inspect Operating Cash Flow Open source Share or cite Citation for Operating Cash Flow · RW HOLDINGS NNN REIT, INC. · 2019-12-31 RW HOLDINGS NNN REIT, INC. (edgar:1645873) Operating Cash Flow: 4748904 USD Concept: fundies:OperatingCashFlow Period: 2019-01-01 to 2019-12-31 Values: Latest reported Published: 2026-11-02T09:32:59Z Snapshot: 2e167c544acd282b1ed83fd55a50ba564bc60fa7bc814e8250bdebe50baf9663 Dimensions: Consolidated View: https://fundies.io/companies/edgar/1645873/explain?concept=fundies%3AOperatingCashFlow&period=2019-12-31&surface=latest&period_type=duration&start=2019-01-01&unit=USD&dimensions= Input fundies:OperatingCashFlow: 4748904 USD (2019-01-01 to 2019-12-31) Dimensions: Consolidated Source: https://www.sec.gov/Archives/edgar/data/1645873/000164587321000080/none-20201231.htm#2058048 Filing: 000164587321000080 The citation records this snapshot. The page link may show a newer release later.	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 49.14 million Exact value Exact value: -49141910 USD 2020-01-01 – 2020-12-31: -49141910 USD Inspect Net Income Open source Share or cite Citation for Net Income · RW HOLDINGS NNN REIT, INC. · 2020-12-31 RW HOLDINGS NNN REIT, INC. (edgar:1645873) Net Income: -49141910 USD Concept: fundies:NetIncome Period: 2020-01-01 to 2020-12-31 Values: Latest reported Published: 2026-11-02T09:32:59Z Snapshot: 2e167c544acd282b1ed83fd55a50ba564bc60fa7bc814e8250bdebe50baf9663 Dimensions: Consolidated View: https://fundies.io/companies/edgar/1645873/explain?concept=fundies%3ANetIncome&period=2020-12-31&surface=latest&period_type=duration&start=2020-01-01&unit=USD&dimensions= Input fundies:NetIncome: -49141910 USD (2020-01-01 to 2020-12-31) Dimensions: Consolidated Source: https://www.sec.gov/Archives/edgar/data/1645873/000164587322000045/none-20211231.htm#1961903 Filing: 000164587322000045 The citation records this snapshot. The page link may show a newer release later.	USD 5.58 million Exact value Exact value: 5577576 USD 2020-01-01 – 2020-12-31: 5577576 USD Inspect Operating Cash Flow Open source Share or cite Citation for Operating Cash Flow · RW HOLDINGS NNN REIT, INC. · 2020-12-31 RW HOLDINGS NNN REIT, INC. (edgar:1645873) Operating Cash Flow: 5577576 USD Concept: fundies:OperatingCashFlow Period: 2020-01-01 to 2020-12-31 Values: Latest reported Published: 2026-11-02T09:32:59Z Snapshot: 2e167c544acd282b1ed83fd55a50ba564bc60fa7bc814e8250bdebe50baf9663 Dimensions: Consolidated View: https://fundies.io/companies/edgar/1645873/explain?concept=fundies%3AOperatingCashFlow&period=2020-12-31&surface=latest&period_type=duration&start=2020-01-01&unit=USD&dimensions= Input fundies:OperatingCashFlow: 5577576 USD (2020-01-01 to 2020-12-31) Dimensions: Consolidated Source: https://www.sec.gov/Archives/edgar/data/1645873/000164587322000045/none-20211231.htm#2006881 Filing: 000164587322000045 The citation records this snapshot. The page link may show a newer release later.	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 435,505 Exact value Exact value: -435505 USD 2021-01-01 – 2021-12-31: -435505 USD Inspect Net Income Open source Share or cite Citation for Net Income · RW HOLDINGS NNN REIT, INC. · 2021-12-31 RW HOLDINGS NNN REIT, INC. (edgar:1645873) Net Income: -435505 USD Concept: fundies:NetIncome Period: 2021-01-01 to 2021-12-31 Values: Latest reported Published: 2026-11-02T09:32:59Z Snapshot: 2e167c544acd282b1ed83fd55a50ba564bc60fa7bc814e8250bdebe50baf9663 Dimensions: Consolidated View: https://fundies.io/companies/edgar/1645873/explain?concept=fundies%3ANetIncome&period=2021-12-31&surface=latest&period_type=duration&start=2021-01-01&unit=USD&dimensions= Input fundies:NetIncome: -435505 USD (2021-01-01 to 2021-12-31) Dimensions: Consolidated Source: https://www.sec.gov/Archives/edgar/data/1645873/000164587323000046/none-20221231.htm#1976023 Filing: 000164587323000046 The citation records this snapshot. The page link may show a newer release later.	USD 9.73 million Exact value Exact value: 9728685 USD 2021-01-01 – 2021-12-31: 9728685 USD Inspect Operating Cash Flow Open source Share or cite Citation for Operating Cash Flow · RW HOLDINGS NNN REIT, INC. · 2021-12-31 RW HOLDINGS NNN REIT, INC. (edgar:1645873) Operating Cash Flow: 9728685 USD Concept: fundies:OperatingCashFlow Period: 2021-01-01 to 2021-12-31 Values: Latest reported Published: 2026-11-02T09:32:59Z Snapshot: 2e167c544acd282b1ed83fd55a50ba564bc60fa7bc814e8250bdebe50baf9663 Dimensions: Consolidated View: https://fundies.io/companies/edgar/1645873/explain?concept=fundies%3AOperatingCashFlow&period=2021-12-31&surface=latest&period_type=duration&start=2021-01-01&unit=USD&dimensions= Input fundies:OperatingCashFlow: 9728685 USD (2021-01-01 to 2021-12-31) Dimensions: Consolidated Source: https://www.sec.gov/Archives/edgar/data/1645873/000164587323000046/none-20221231.htm#2150100 Filing: 000164587323000046 The citation records this snapshot. The page link may show a newer release later.	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 3.29 million Exact value Exact value: -3288535 USD 2022-01-01 – 2022-12-31: -3288535 USD Inspect Net Income Open source Share or cite Citation for Net Income · RW HOLDINGS NNN REIT, INC. · 2022-12-31 RW HOLDINGS NNN REIT, INC. (edgar:1645873) Net Income: -3288535 USD Concept: fundies:NetIncome Period: 2022-01-01 to 2022-12-31 Values: Latest reported Published: 2026-11-02T09:32:59Z Snapshot: 2e167c544acd282b1ed83fd55a50ba564bc60fa7bc814e8250bdebe50baf9663 Dimensions: Consolidated View: https://fundies.io/companies/edgar/1645873/explain?concept=fundies%3ANetIncome&period=2022-12-31&surface=latest&period_type=duration&start=2022-01-01&unit=USD&dimensions= Input fundies:NetIncome: -3288535 USD (2022-01-01 to 2022-12-31) Dimensions: Consolidated Source: https://www.sec.gov/Archives/edgar/data/1645873/000164587324000030/none-20231231.htm#1420919 Filing: 000164587324000030 The citation records this snapshot. The page link may show a newer release later.	USD 16.65 million Exact value Exact value: 16648821 USD 2022-01-01 – 2022-12-31: 16648821 USD Inspect Operating Cash Flow Open source Share or cite Citation for Operating Cash Flow · RW HOLDINGS NNN REIT, INC. · 2022-12-31 RW HOLDINGS NNN REIT, INC. (edgar:1645873) Operating Cash Flow: 16648821 USD Concept: fundies:OperatingCashFlow Period: 2022-01-01 to 2022-12-31 Values: Latest reported Published: 2026-11-02T09:32:59Z Snapshot: 2e167c544acd282b1ed83fd55a50ba564bc60fa7bc814e8250bdebe50baf9663 Dimensions: Consolidated View: https://fundies.io/companies/edgar/1645873/explain?concept=fundies%3AOperatingCashFlow&period=2022-12-31&surface=latest&period_type=duration&start=2022-01-01&unit=USD&dimensions= Input fundies:OperatingCashFlow: 16648821 USD (2022-01-01 to 2022-12-31) Dimensions: Consolidated Source: https://www.sec.gov/Archives/edgar/data/1645873/000164587324000030/none-20231231.htm#1656650 Filing: 000164587324000030 The citation records this snapshot. The page link may show a newer release later.	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 6.61 million Exact value Exact value: -6614000 USD 2023-01-01 – 2023-12-31: -6614000 USD Inspect Net Income Open source Share or cite Citation for Net Income · RW HOLDINGS NNN REIT, INC. · 2023-12-31 RW HOLDINGS NNN REIT, INC. (edgar:1645873) Net Income: -6614000 USD Concept: fundies:NetIncome Period: 2023-01-01 to 2023-12-31 Values: Latest reported Published: 2026-11-02T09:32:59Z Snapshot: 2e167c544acd282b1ed83fd55a50ba564bc60fa7bc814e8250bdebe50baf9663 Dimensions: Consolidated View: https://fundies.io/companies/edgar/1645873/explain?concept=fundies%3ANetIncome&period=2023-12-31&surface=latest&period_type=duration&start=2023-01-01&unit=USD&dimensions= Input fundies:NetIncome: -6614000 USD (2023-01-01 to 2023-12-31) Dimensions: Consolidated Source: https://www.sec.gov/Archives/edgar/data/1645873/000164587325000027/none-20241231.htm#1053111 Filing: 000164587325000027 The citation records this snapshot. The page link may show a newer release later.	USD 16.58 million Exact value Exact value: 16579000 USD 2023-01-01 – 2023-12-31: 16579000 USD Inspect Operating Cash Flow Open source Share or cite Citation for Operating Cash Flow · RW HOLDINGS NNN REIT, INC. · 2023-12-31 RW HOLDINGS NNN REIT, INC. (edgar:1645873) Operating Cash Flow: 16579000 USD Concept: fundies:OperatingCashFlow Period: 2023-01-01 to 2023-12-31 Values: Latest reported Published: 2026-11-02T09:32:59Z Snapshot: 2e167c544acd282b1ed83fd55a50ba564bc60fa7bc814e8250bdebe50baf9663 Dimensions: Consolidated View: https://fundies.io/companies/edgar/1645873/explain?concept=fundies%3AOperatingCashFlow&period=2023-12-31&surface=latest&period_type=duration&start=2023-01-01&unit=USD&dimensions= Input fundies:OperatingCashFlow: 16579000 USD (2023-01-01 to 2023-12-31) Dimensions: Consolidated Source: https://www.sec.gov/Archives/edgar/data/1645873/000164587325000027/none-20241231.htm#1282694 Filing: 000164587325000027 The citation records this snapshot. The page link may show a newer release later.	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 6.02 million Exact value Exact value: 6018000 USD 2024-01-01 – 2024-12-31: 6018000 USD Inspect Net Income Open source Share or cite Citation for Net Income · RW HOLDINGS NNN REIT, INC. · 2024-12-31 RW HOLDINGS NNN REIT, INC. (edgar:1645873) Net Income: 6018000 USD Concept: fundies:NetIncome Period: 2024-01-01 to 2024-12-31 Values: Latest reported Published: 2026-11-02T09:32:59Z Snapshot: 2e167c544acd282b1ed83fd55a50ba564bc60fa7bc814e8250bdebe50baf9663 Dimensions: Consolidated View: https://fundies.io/companies/edgar/1645873/explain?concept=fundies%3ANetIncome&period=2024-12-31&surface=latest&period_type=duration&start=2024-01-01&unit=USD&dimensions= Input fundies:NetIncome: 6018000 USD (2024-01-01 to 2024-12-31) Dimensions: Consolidated Source: https://www.sec.gov/Archives/edgar/data/1645873/000164587326000040/none-20251231.htm#1000491 Filing: 000164587326000040 The citation records this snapshot. The page link may show a newer release later.	USD 18.24 million Exact value Exact value: 18241000 USD 2024-01-01 – 2024-12-31: 18241000 USD Inspect Operating Cash Flow Open source Share or cite Citation for Operating Cash Flow · RW HOLDINGS NNN REIT, INC. · 2024-12-31 RW HOLDINGS NNN REIT, INC. (edgar:1645873) Operating Cash Flow: 18241000 USD Concept: fundies:OperatingCashFlow Period: 2024-01-01 to 2024-12-31 Values: Latest reported Published: 2026-11-02T09:32:59Z Snapshot: 2e167c544acd282b1ed83fd55a50ba564bc60fa7bc814e8250bdebe50baf9663 Dimensions: Consolidated View: https://fundies.io/companies/edgar/1645873/explain?concept=fundies%3AOperatingCashFlow&period=2024-12-31&surface=latest&period_type=duration&start=2024-01-01&unit=USD&dimensions= Input fundies:OperatingCashFlow: 18241000 USD (2024-01-01 to 2024-12-31) Dimensions: Consolidated Source: https://www.sec.gov/Archives/edgar/data/1645873/000164587326000040/none-20251231.htm#1253048 Filing: 000164587326000040 The citation records this snapshot. The page link may show a newer release later.	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 1.07 million Exact value Exact value: 1068000 USD 2025-01-01 – 2025-12-31: 1068000 USD Inspect Net Income Open source Share or cite Citation for Net Income · RW HOLDINGS NNN REIT, INC. · 2025-12-31 RW HOLDINGS NNN REIT, INC. (edgar:1645873) Net Income: 1068000 USD Concept: fundies:NetIncome Period: 2025-01-01 to 2025-12-31 Values: Latest reported Published: 2026-11-02T09:32:59Z Snapshot: 2e167c544acd282b1ed83fd55a50ba564bc60fa7bc814e8250bdebe50baf9663 Dimensions: Consolidated View: https://fundies.io/companies/edgar/1645873/explain?concept=fundies%3ANetIncome&period=2025-12-31&surface=latest&period_type=duration&start=2025-01-01&unit=USD&dimensions= Input fundies:NetIncome: 1068000 USD (2025-01-01 to 2025-12-31) Dimensions: Consolidated Source: https://www.sec.gov/Archives/edgar/data/1645873/000164587326000040/none-20251231.htm#999875 Filing: 000164587326000040 The citation records this snapshot. The page link may show a newer release later.	USD 14.97 million Exact value Exact value: 14967000 USD 2025-01-01 – 2025-12-31: 14967000 USD Inspect Operating Cash Flow Open source Share or cite Citation for Operating Cash Flow · RW HOLDINGS NNN REIT, INC. · 2025-12-31 RW HOLDINGS NNN REIT, INC. (edgar:1645873) Operating Cash Flow: 14967000 USD Concept: fundies:OperatingCashFlow Period: 2025-01-01 to 2025-12-31 Values: Latest reported Published: 2026-11-02T09:32:59Z Snapshot: 2e167c544acd282b1ed83fd55a50ba564bc60fa7bc814e8250bdebe50baf9663 Dimensions: Consolidated View: https://fundies.io/companies/edgar/1645873/explain?concept=fundies%3AOperatingCashFlow&period=2025-12-31&surface=latest&period_type=duration&start=2025-01-01&unit=USD&dimensions= Input fundies:OperatingCashFlow: 14967000 USD (2025-01-01 to 2025-12-31) Dimensions: Consolidated Source: https://www.sec.gov/Archives/edgar/data/1645873/000164587326000040/none-20251231.htm#1252402 Filing: 000164587326000040 The citation records this snapshot. The page link may show a newer release later.	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.

61 filings · 2,628 latest values · 2,628 originally reported values

Dataset published 2026-11-02. Source filing dates and reporting periods are shown separately.

Identifiers: 0001645873, 1645873, MDVA, edgar:1645873

Also known as MODIV INC., MODIV INDUSTRIAL, INC., Modiv Industrial, Inc., RW HOLDINGS NNN REIT, INC., RW HOLDINGS NNN REIT, Inc., RW Holdings NNN REIT, Inc., Rich Uncles NNN REIT, Inc., Rich Uncles REIT, Inc.

RW HOLDINGS NNN REIT, INC.

Latest quarter

Revenue

Operating margin

Operating cash flow

Reported share-count change

Trailing twelve months

Revenue

Company performance

What changed year over year

Revenue

Net income

Operating cash flow

Where revenue goes

2025 2025-01-01 – 2025-12-31

Cash

Share of revenue by period

Growth

Profit and cash

Balance sheet

Cash generation