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CBL & ASSOCIATES PROPERTIES INC

EDGAR
CBL Quarterly report (10-Q) · filed 2026-08-07

Annual consolidated revenue for 2025: about USD 578.4M, using the latest reported figures. The previous period, 2024, was about USD 515.6M.

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Watchlist

Latest quarter

Revenue

146 million USD

2026 Q2 · USD

Exact inputs and evidence

Operating cash flow

80.3 million USD

2026 Q2 · USD

Exact inputs and evidence
  • Operating Cash Flow: 133188000 USD Source
  • Operating Cash Flow: 52919000 USD Source
Cash and cash equivalents
101 million USD Source
Exact value

101280000 USD

Long-term debt including current maturities
2.03 billion USD Source
Exact value

2034011000 USD

Shares outstanding
30.9 million shares Source
Exact value

30942757 shares

Reported share-count change

0.02% · 7.08 thousand 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
  • 30935677 shares · 2025-06-30· Source
  • 30942757 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

588 million USD

2025-07-01 – 2026-06-30

Exact inputs and evidence
  • Revenue: 139280000 USD · 2025-07-01 – 2025-09-30 Source
  • Revenue: 578373000 USD · 2025-01-01 – 2025-12-31 Source
  • Revenue: 421953000 USD · 2025-01-01 – 2025-09-30 Source
  • Revenue: 145968000 USD · 2026-01-01 – 2026-03-31 Source
  • Revenue: 146479000 USD · 2026-04-01 – 2026-06-30 Source

Net income

217 million USD

2025-07-01 – 2026-06-30

Exact inputs and evidence
  • Net income: 75428000 USD · 2025-07-01 – 2025-09-30 Source
  • Net income: 135967000 USD · 2025-01-01 – 2025-12-31 Source
  • Net income: 86976000 USD · 2025-01-01 – 2025-09-30 Source
  • Net income: 46487000 USD · 2026-01-01 – 2026-03-31 Source
  • Net income: 46444000 USD · 2026-04-01 – 2026-06-30 Source

Operating cash flow

283 million USD

2025-07-01 – 2026-06-30

Exact inputs and evidence
  • Operating cash flow: 169520000 USD · 2025-01-01 – 2025-09-30 Source
  • Operating cash flow: 99947000 USD · 2025-01-01 – 2025-06-30 Source
  • Operating cash flow: 249680000 USD · 2025-01-01 – 2025-12-31 Source
  • Operating cash flow: 169520000 USD · 2025-01-01 – 2025-09-30 Source
  • Operating cash flow: 52919000 USD · 2026-01-01 – 2026-03-31 Source
  • Operating cash flow: 133188000 USD · 2026-01-01 – 2026-06-30 Source
  • Operating cash flow: 52919000 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: 2026-08-07.

Financial data available through: 2025-12-31.

Coverage by financial measure
  • Revenue: 9 of 11 periods available· newest 2025-12-31
  • Operating income: 3 of 11 periods available· newest 2017-12-31
  • Net income: 9 of 11 periods available· newest 2025-12-31
  • Operating cash flow: 6 of 11 periods available· newest 2025-12-31
  • capital expenditure: No compatible figures in this window
  • Total assets: 9 of 11 periods available· newest 2025-12-31
  • Total liabilities: 7 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: 9 of 11 periods available· newest 2025-12-31
  • Long-term debt including current maturities: 8 of 11 periods available· newest 2025-12-31
  • Shares outstanding: 8 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

    +12.2%

    Prior period

    USD 515.56 million

    –

    Current period

    USD 578.37 million

    –

    Exact inputs and evidence

    578373000 − 515561000 = 62812000 USD

    515561000 USD · 2024-01-01 – 2024-12-31

    Inspect prior input Prior source

    578373000 USD · 2025-01-01 – 2025-12-31

    Inspect current input Current source
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  • Net income

    +130.6%

    Prior period

    USD 58.97 million

    –

    Current period

    USD 135.97 million

    –

    Exact inputs and evidence

    135967000 − 58970000 = 76997000 USD

    58970000 USD · 2024-01-01 – 2024-12-31

    Inspect prior input Prior source

    135967000 USD · 2025-01-01 – 2025-12-31

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  • Operating cash flow

    +23.5%

    Prior period

    USD 202.22 million

    –

    Current period

    USD 249.68 million

    –

    Exact inputs and evidence

    249680000 − 202223000 = 47457000 USD

    202223000 USD · 2024-01-01 – 2024-12-31

    Inspect prior input Prior source

    249680000 USD · 2025-01-01 – 2025-12-31

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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 578.37 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 135.97 million 24% of revenue

Cash

  • Operating cash flow USD 249.68 million 43% 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
  • 2015 9.8%17%74%
  • 2016 17%75%
  • 2017 13%12%75%
  • 2019 Not shown: operating income or net income is not reported.
  • 2020 Not shown: operating income or net income is not reported.
  • 2022 Not shown: operating income or net income is not reported.
  • 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
Revenue breakdown by annual reporting period
PeriodRevenueOperating costsOperating incomeTax, interest and otherNet incomeFree cash flowSource
2015 2015-01-01 – 2015-12-311055018000 777434000 Derived 277584000 174213000 Derived 103371000 Unavailable
Source
2016 2016-01-01 – 2016-12-311028257000 774629000 Derived 253628000 80746000 Derived 172882000 Unavailable
Source
2017 2017-01-01 – 2017-12-31927252000 694690000 Derived 232562000 111622000 Derived 120940000 Unavailable
Source
2019 2019-01-01 – 2019-12-31768696000 UnavailableUnavailableUnavailable-108777000 Unavailable
Source
2020 2020-01-01 – 2020-12-31575861000 UnavailableUnavailableUnavailable-295084000 Unavailable
Source
2022 2022-01-01 – 2022-12-31563011000 UnavailableUnavailableUnavailable-93482000 Unavailable
Source
2023 2023-01-01 – 2023-12-31535286000 UnavailableUnavailableUnavailable6546000 Unavailable
Source
2024 2024-01-01 – 2024-12-31515561000 UnavailableUnavailableUnavailable58970000 Unavailable
Source
2025 2025-01-01 – 2025-12-31578373000 UnavailableUnavailableUnavailable135967000 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 578.4M 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.1.1B854.6M569.7M284.9M0.0201520202025
Values and sources
Revenue values and source evidence
PeriodSeriesValue(USD)Source evidence
2015Revenue1055018000
2016Revenue1028257000
2017Revenue927252000
2019Revenue768696000
2020Revenue575861000
2022Revenue563011000
2023Revenue535286000
2024Revenue515561000
2025Revenue578373000

Revenue growth

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

12.2% 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.15%4%-6%-17%-28%201520202025
Values and sources
Revenue growth values and source evidence
PeriodSeriesValueSource evidence
2015Year over yearNo prior comparable period
2016Year over year-2.5%
2017Year over year-9.8%
2019Year over yearNo prior comparable period
2020Year over year-25.1%
2022Year over yearNo prior comparable period
2023Year over year-4.9%
2024Year over year-3.7%
2025Year over year12.2%

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 25.1% 2017
Net margin 23.5% 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.33%10%-12%-35%-57%20152020-12-312025-12-31
  • Operating margin
  • Net margin
  • Free cash flow margin
Values and sources
Profit margins values and source evidence
PeriodSeriesValueSource evidence
2015Operating margin26.3%
2016Operating margin24.7%
2017Operating margin25.1%
2019-12-31Operating marginNot reported
2020-12-31Operating marginNot reported
2022-12-31Operating marginNot reported
2023-12-31Operating marginNot reported
2024-12-31Operating marginNot reported
2025-12-31Operating marginNot reported
2015Net margin9.8%
2016Net margin16.8%
2017Net margin13%
2019Net margin-14.2%
2020Net margin-51.2%
2022Net margin-16.6%
2023Net margin1.2%
2024Net margin11.4%
2025Net margin23.5%
2015Free cash flow marginNot reported
2016Free cash flow marginNot reported
2017Free cash flow marginNot reported
2019Free cash flow marginNot reported
2020Free 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 249.7M 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.295.3M221.5M147.6M73.8M0.0201520202025
Values and sources
Operating cash flow values and source evidence
PeriodSeriesValue(USD)Source evidence
2015Operating cash flowNot reportedNo source recorded
2016Operating cash flowNot reportedNo source recorded
2017Operating cash flowNot reportedNo source recorded
2019Operating cash flow273408000
2020Operating cash flow133365000
2022Operating cash flow208234000
2023Operating cash flow183516000
2024Operating cash flow202223000
2025Operating cash flow249680000

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
2015Free cash flowUnavailableNo source recorded
2016Free cash flowUnavailableNo source recorded
2017Free cash flowUnavailableNo source recorded
2019Free cash flowUnavailable
2020Free 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.

86.6% 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.96%72%48%24%0%20152020-12-312025
Values and sources
Liabilities to assets values and source evidence
PeriodSeriesValueSource evidence
2015Liabilities / assets78%
2016Liabilities / assets77.7%
2017Liabilities / assets78.2%
2019-12-31Liabilities / assetsNot reported
2020-12-31Liabilities / assetsNot reported
2022Liabilities / assets86.3%
2023Liabilities / assets86.3%
2024Liabilities / assets88.6%
2025Liabilities / assets86.6%

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
2015-12-31Current assets / current liabilitiesNot reportedNo source recorded
2016-12-31Current assets / current liabilitiesNot reportedNo source recorded
2017-12-31Current assets / current liabilitiesNot reportedNo source recorded
2019-12-31Current assets / current liabilitiesNot reportedNo source recorded
2020-12-31Current assets / current liabilitiesNot reportedNo source recorded
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
2015 2015-01-01 – 2015-12-31
USD 103.37 million
Exact value

Exact value: 103371000 USD

2015-01-01 – 2015-12-31: 103371000 USD Inspect Net Income Open source
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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.

2016 2016-01-01 – 2016-12-31
USD 172.88 million
Exact value

Exact value: 172882000 USD

2016-01-01 – 2016-12-31: 172882000 USD Inspect Net Income Open source
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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.

2017 2017-01-01 – 2017-12-31
USD 120.94 million
Exact value

Exact value: 120940000 USD

2017-01-01 – 2017-12-31: 120940000 USD Inspect Net Income Open source
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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.

2019 2019-01-01 – 2019-12-31
−USD 108.78 million
Exact value

Exact value: -108777000 USD

2019-01-01 – 2019-12-31: -108777000 USD Inspect Net Income Open source
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USD 273.41 million
Exact value

Exact value: 273408000 USD

2019-01-01 – 2019-12-31: 273408000 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 295.08 million
Exact value

Exact value: -295084000 USD

2020-01-01 – 2020-12-31: -295084000 USD Inspect Net Income Open source
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USD 133.37 million
Exact value

Exact value: 133365000 USD

2020-01-01 – 2020-12-31: 133365000 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 93.48 million
Exact value

Exact value: -93482000 USD

2022-01-01 – 2022-12-31: -93482000 USD Inspect Net Income Open source
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USD 208.23 million
Exact value

Exact value: 208234000 USD

2022-01-01 – 2022-12-31: 208234000 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 6.55 million
Exact value

Exact value: 6546000 USD

2023-01-01 – 2023-12-31: 6546000 USD Inspect Net Income Open source
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USD 183.52 million
Exact value

Exact value: 183516000 USD

2023-01-01 – 2023-12-31: 183516000 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 58.97 million
Exact value

Exact value: 58970000 USD

2024-01-01 – 2024-12-31: 58970000 USD Inspect Net Income Open source
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USD 202.22 million
Exact value

Exact value: 202223000 USD

2024-01-01 – 2024-12-31: 202223000 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 135.97 million
Exact value

Exact value: 135967000 USD

2025-01-01 – 2025-12-31: 135967000 USD Inspect Net Income Open source
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USD 249.68 million
Exact value

Exact value: 249680000 USD

2025-01-01 – 2025-12-31: 249680000 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.

280 filings · 5,518 latest values · 5,518 originally reported values

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

Identifiers: 0000910612, 910612, CBL, edgar:910612

Also known as CBL & ASSOCIATES PROPERTIES INC, CBL & ASSOCIATES PROPERTIES, INC.