Revenue
45.8 million USD
2026 Q2 · USD
Exact inputs and evidence
- Revenue: 45801000 USD Source
Fundies. English
North Haven Net REIT
EDGARAnnual consolidated revenue for 2025: about USD 85.21M, using the latest reported figures. The previous period, 2024, was about USD 14.67M.
Latest quarter
Net margin
-4.12%
2026 Q2 · %
Operating cash flow
21.2 million USD
2026 Q2 · USD
- Cash and cash equivalents
- 171 million USD Source
Exact value
170536000 USD
- Long-term debt including current maturities
- 1.2 billion USD Source
Exact value
1203357000 USD
- Shares outstanding
- 70 million shares Source
Exact value
69993602 shares
Reported share-count change
63.13% · 27.1 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.
Trailing twelve months
The four most recent complete quarters added together. This gives a full-year view that includes the latest quarterly results.
Revenue
140 million USD
2025-07-01 – 2026-06-30
Net income
3.94 million USD
2025-07-01 – 2026-06-30
Exact inputs and evidence
Operating cash flow
73.5 million USD
2025-07-01 – 2026-06-30
Exact inputs and evidence
- Operating cash flow: 42654000 USD · 2025-01-01 – 2025-09-30 Source
- Operating cash flow: 28241000 USD · 2025-01-01 – 2025-06-30 Source
- Operating cash flow: 59200000 USD · 2025-01-01 – 2025-12-31 Source
- Operating cash flow: 42654000 USD · 2025-01-01 – 2025-09-30 Source
- Operating cash flow: 21291000 USD · 2026-01-01 – 2026-03-31 Source
- Operating cash flow: 42514000 USD · 2026-01-01 – 2026-06-30 Source
- Operating cash flow: 21291000 USD · 2026-01-01 – 2026-03-31 Source
Includes later revisions to earlier periods. Annual charts exclude incomplete years.
Latest filing recorded: 2026-10-30.
Financial data available through: 2025-12-31.
Coverage by financial measure
- Revenue: 3 of 11 periods available· newest 2025-12-31
- operating income: No compatible figures in this window
- Net income: 3 of 11 periods available· newest 2025-12-31
- Operating cash flow: 2 of 11 periods available· newest 2025-12-31
- capital expenditure: No compatible figures in this window
- Total assets: 3 of 11 periods available· newest 2025-12-31
- Total liabilities: 3 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: 3 of 11 periods available· newest 2025-12-31
- Long-term debt including current maturities: 2 of 11 periods available· newest 2025-12-31
- Shares outstanding: 3 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
+481%Prior period
USD 14.67 million
–
Current period
USD 85.21 million
–
Exact inputs and evidence
85213000 − 14666000 = 70547000 USD
14666000 USD · 2024-01-01 – 2024-12-31
Inspect prior input Prior source85213000 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
+70.7%Prior period
USD 11.55 million
–
Current period
USD 19.71 million
–
Exact inputs and evidence
19706000 − 11545000 = 8161000 USD
11545000 USD · 2024-01-01 – 2024-12-31
Inspect prior input Prior source19706000 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
+104.6%Prior period
USD 28.93 million
–
Current period
USD 59.2 million
–
Exact inputs and evidence
59200000 − 28934000 = 30266000 USD
28934000 USD · 2024-01-01 – 2024-12-31
Inspect prior input Prior source59200000 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 85.21 million 100% of revenue
- Operating costs Derived Unavailable An input is unavailable.
- Operating income Unavailable An input is unavailable.
- Tax, interest and other Derived Unavailable An input is unavailable.
- Net income USD 19.71 million 23% of revenue
Cash
- Operating cash flow USD 59.2 million 69% 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
- 2023 Not shown: operating income or net income is not reported.
- 2024 Not shown: operating income or net income is not reported.
- 2025 Not shown: operating income or net income is not reported.
Values and sources
| Period | Revenue | Operating costs | Operating income | Tax, interest and other | Net income | Free cash flow | Source |
|---|---|---|---|---|---|---|---|
| 2023 2023-01-01 – 2023-12-31 | 0 | Unavailable | Unavailable | Unavailable | -69000 | Unavailable | Source
|
| 2024 2024-01-01 – 2024-12-31 | 14666000 | Unavailable | Unavailable | Unavailable | 11545000 | Unavailable | Source
|
| 2025 2025-01-01 – 2025-12-31 | 85213000 | Unavailable | Unavailable | Unavailable | 19706000 | 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 85.2M 2025
Values and sources
| Period | Series | Value(USD) | Source evidence |
|---|---|---|---|
| 2023 | Revenue | 0 |
|
| 2024 | Revenue | 14666000 |
|
| 2025 | Revenue | 85213000 |
|
Revenue growth
Change in revenue from the same financial period one year earlier.
481% 2025
Values and sources
| Period | Series | Value | Source evidence |
|---|---|---|---|
| 2023 | Year over year | No prior comparable period |
|
| 2024 | Year over year | No prior comparable period |
|
| 2025 | Year over year | 481% |
|
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.
Net margin 23.1% 2025
- Operating margin
- Net margin
- Free cash flow margin
Values and sources
| Period | Series | Value | Source evidence |
|---|---|---|---|
| 2023-12-31 | Operating margin | Not reported |
|
| 2024-12-31 | Operating margin | Not reported |
|
| 2025-12-31 | Operating margin | Not reported |
|
| 2023 | Net margin | Not reported |
|
| 2024 | Net margin | 78.7% |
|
| 2025 | Net margin | 23.1% |
|
| 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 59.2M 2025
Values and sources
| Period | Series | Value(USD) | Source evidence |
|---|---|---|---|
| 2023 | Operating cash flow | Not reported | No source recorded |
| 2024 | Operating cash flow | 28934000 |
|
| 2025 | Operating cash flow | 59200000 |
|
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 |
|---|---|---|---|
| 2023 | Free cash flow | Unavailable | No source recorded |
| 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 |
|---|---|---|---|
| 2023 | Liabilities / assets | 100.2% |
|
| 2024 | Liabilities / assets | 24% |
|
| 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 |
|---|---|---|---|
| 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 |
|---|---|---|---|---|
| 2023 2023-01-01 – 2023-12-31 | −USD 69,000 Exact valueExact value: -69000 USD Share or citeThe citation records this snapshot. The page link may show a newer release later. | Unavailable Not reported for this period. | Unavailable Not reported for this period. | Unavailable Free cash flow cannot be calculated because Operating cash flow + Capital expenditure is unavailable for this period. |
| 2024 2024-01-01 – 2024-12-31 | USD 11.55 million Exact valueExact value: 11545000 USD Share or citeThe citation records this snapshot. The page link may show a newer release later. | USD 28.93 million Exact valueExact value: 28934000 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 19.71 million Exact valueExact value: 19706000 USD Share or citeThe citation records this snapshot. The page link may show a newer release later. | USD 59.2 million Exact valueExact value: 59200000 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.
20 filings · 541 latest values · 541 originally reported values
Dataset published . Source filing dates and reporting periods are shown separately.
Identifiers: 0001999784, 1999784, edgar:1999784
Also known as North Haven Net REIT