Revenue
31.6 million USD
2026 Q3 · USD
Exact inputs and evidence
- Revenue: 31607000 USD Source
Fundies. English
EXCHANGERIGHT INCOME FUND
EDGARAnnual consolidated revenue for 2025: about USD 92.93M, using the latest reported figures. The previous period, 2024, was about USD 86.29M.
Latest quarter
Operating margin
28.73%
2026 Q3 · %
Operating cash flow
15.3 million USD
2026 Q3 · USD
- Cash and cash equivalents
- 13.9 million USD Source
Exact value
13852000 USD
- Long-term debt including current maturities
- 965 million USD Source
Exact value
965420000 USD
- Shares outstanding
- Not available
Trailing twelve months
The four most recent complete quarters added together. This gives a full-year view that includes the latest quarterly results.
Revenue
107 million USD
2025-10-01 – 2026-09-30
Net income
-5.22 million USD
2025-10-01 – 2026-09-30
Exact inputs and evidence
Operating cash flow
51.5 million USD
2025-10-01 – 2026-09-30
Exact inputs and evidence
- Operating cash flow: 43677000 USD · 2025-01-01 – 2025-12-31 Source
- Operating cash flow: 32734000 USD · 2025-01-01 – 2025-09-30 Source
- Operating cash flow: 10740000 USD · 2026-01-01 – 2026-03-31 Source
- Operating cash flow: 25236000 USD · 2026-01-01 – 2026-06-30 Source
- Operating cash flow: 10740000 USD · 2026-01-01 – 2026-03-31 Source
- Operating cash flow: 40542000 USD · 2026-01-01 – 2026-09-30 Source
- Operating cash flow: 25236000 USD · 2026-01-01 – 2026-06-30 Source
Includes later revisions to earlier periods. Annual charts exclude incomplete years.
Latest filing recorded: 2026-10-29.
Financial data available through: 2025-12-31.
Coverage by financial measure
- Revenue: 4 of 11 periods available· newest 2025-12-31
- Operating income: 4 of 11 periods available· newest 2025-12-31
- Net income: 4 of 11 periods available· newest 2025-12-31
- Operating cash flow: 4 of 11 periods available· newest 2025-12-31
- capital expenditure: No compatible figures in this window
- Total assets: 4 of 11 periods available· newest 2025-12-31
- Total liabilities: 4 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: 4 of 11 periods available· newest 2025-12-31
- Long-term debt including current maturities: 4 of 11 periods available· newest 2025-12-31
- shares outstanding: No compatible figures in this window
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
+7.7%Prior period
USD 86.29 million
–
Current period
USD 92.93 million
–
Exact inputs and evidence
92925000 − 86293000 = 6632000 USD
86293000 USD · 2024-01-01 – 2024-12-31
Inspect prior input Prior source92925000 USD · 2025-01-01 – 2025-12-31
Inspect current input Current sourceShare or cite
The citation records this snapshot. The page link may show a newer release later.
Net income
-32.5%Prior period
USD 2.78 million
–
Current period
USD 1.88 million
–
Exact inputs and evidence
1879000 − 2782000 = -903000 USD
2782000 USD · 2024-01-01 – 2024-12-31
Inspect prior input Prior source1879000 USD · 2025-01-01 – 2025-12-31
Inspect current input Current sourceShare or cite
The citation records this snapshot. The page link may show a newer release later.
Operating cash flow
+0.1%Prior period
USD 43.63 million
–
Current period
USD 43.68 million
–
Exact inputs and evidence
43677000 − 43626000 = 51000 USD
43626000 USD · 2024-01-01 – 2024-12-31
Inspect prior input Prior source43677000 USD · 2025-01-01 – 2025-12-31
Inspect current input Current sourceShare or cite
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 92.93 million 100% of revenue
- Operating costs Derived USD 52.56 million 57% of revenue
- Operating income USD 40.36 million 43% of revenue
- Tax, interest and other Derived USD 38.48 million 41% of revenue
- Net income USD 1.88 million 2% of revenue
Cash
- Operating cash flow USD 43.68 million 47% 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
- 2022 33%62%
- 2023 Net loss: net income was −1.3% of revenue.
- 2024 40%57%
- 2025 41%57%
Values and sources
| Period | Revenue | Operating costs | Operating income | Tax, interest and other | Net income | Free cash flow | Source |
|---|---|---|---|---|---|---|---|
| 2022 2022-01-01 – 2022-12-31 | 66467000 | 40931000 Derived | 25536000 | 21975000 Derived | 3561000 | Unavailable | Source
|
| 2023 2023-01-01 – 2023-12-31 | 82699000 | 55289000 Derived | 27410000 | 28526000 Derived | -1116000 | Unavailable | Source
|
| 2024 2024-01-01 – 2024-12-31 | 86293000 | 49329000 Derived | 36964000 | 34182000 Derived | 2782000 | Unavailable | Source
|
| 2025 2025-01-01 – 2025-12-31 | 92925000 | 52563000 Derived | 40362000 | 38483000 Derived | 1879000 | 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 92.9M 2025
Values and sources
| Period | Series | Value(USD) | Source evidence |
|---|---|---|---|
| 2022 | Revenue | 66467000 |
|
| 2023 | Revenue | 82699000 |
|
| 2024 | Revenue | 86293000 |
|
| 2025 | Revenue | 92925000 |
|
Revenue growth
Change in revenue from the same financial period one year earlier.
7.7% 2025
Values and sources
| Period | Series | Value | Source evidence |
|---|---|---|---|
| 2022 | Year over year | No prior comparable period |
|
| 2023 | Year over year | 24.4% |
|
| 2024 | Year over year | 4.3% |
|
| 2025 | Year over year | 7.7% |
|
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 43.4% 2025
Net margin 2% 2025
- Operating margin
- Net margin
- Free cash flow margin
Values and sources
| Period | Series | Value | Source evidence |
|---|---|---|---|
| 2022 | Operating margin | 38.4% |
|
| 2023 | Operating margin | 33.1% |
|
| 2024 | Operating margin | 42.8% |
|
| 2025 | Operating margin | 43.4% |
|
| 2022 | Net margin | 5.4% |
|
| 2023 | Net margin | -1.3% |
|
| 2024 | Net margin | 3.2% |
|
| 2025 | Net margin | 2% |
|
| 2022 | Free cash flow margin | Not reported |
|
| 2023 | Free cash flow margin | Not reported |
|
| 2024 | Free cash flow margin | Not reported |
|
| 2025 | Free cash flow margin | Not reported |
|
Operating cash flow
Cash generated by the company’s normal business operations.
USD 43.7M 2025
Values and sources
| Period | Series | Value(USD) | Source evidence |
|---|---|---|---|
| 2022 | Operating cash flow | 36103000 |
|
| 2023 | Operating cash flow | 39309000 |
|
| 2024 | Operating cash flow | 43626000 |
|
| 2025 | Operating cash flow | 43677000 |
|
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
| Period | Series | Value(USD) | Source evidence |
|---|---|---|---|
| 2022 | Free cash flow | Unavailable |
|
| 2023 | Free cash flow | Unavailable |
|
| 2024 | Free cash flow | Unavailable |
|
| 2025 | Free cash flow | Unavailable |
|
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.
58% 2025
Values and sources
| Period | Series | Value | Source evidence |
|---|---|---|---|
| 2022 | Liabilities / assets | 53.9% |
|
| 2023 | Liabilities / assets | 54.2% |
|
| 2024 | Liabilities / assets | 56.6% |
|
| 2025 | Liabilities / assets | 58% |
|
Current assets to current liabilities
Current assets divided by current liabilities.
Not enough comparable data to show this history.
Values and sources
| Period | Series | Value | Source evidence |
|---|---|---|---|
| 2022-12-31 | 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.
| Period | Net income | Operating cash flow | Capital expenditure | Free cash flow |
|---|---|---|---|---|
| 2022 2022-01-01 – 2022-12-31 | USD 3.56 million Exact valueExact value: 3561000 USD Share or citeThe citation records this snapshot. The page link may show a newer release later. | USD 36.1 million Exact valueExact value: 36103000 USD Share or citeThe 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 1.12 million Exact valueExact value: -1116000 USD Share or citeThe citation records this snapshot. The page link may show a newer release later. | USD 39.31 million Exact valueExact value: 39309000 USD Share or citeThe 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 2.78 million Exact valueExact value: 2782000 USD Share or citeThe citation records this snapshot. The page link may show a newer release later. | USD 43.63 million Exact valueExact value: 43626000 USD Share or citeThe 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 1.88 million Exact valueExact value: 1879000 USD Share or citeThe citation records this snapshot. The page link may show a newer release later. | USD 43.68 million Exact valueExact value: 43677000 USD Share or citeThe 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.
25 filings · 887 latest values · 887 originally reported values
Dataset published . Source filing dates and reporting periods are shown separately.
Identifiers: 0001771514, 1771514, edgar:1771514
Also known as EXCHANGERIGHT INCOME FUND, ExchangeRight Essential Income Strategy, ExchangeRight Income Fund, ExchangeRight Income Fund, a Maryland statutory trust