Cantor Fitzgerald Income Trust, Inc. financial statements

Income statement, balance sheet and cash flow statement for the last 9 fiscal years, taken from the XBRL data Cantor Fitzgerald Income Trust, Inc. files with the SEC in its annual reports.

In USD millions, except per-share amounts. Outflows in the cash flow statement are negative.

Income statement

	FY2017	FY2018	FY2019	FY2020	FY2021	FY2022	FY2023	FY2024	FY2025
Revenue	0.22	2.16	11.4	15.7	36.3	72.8	90.6	95.5	97.9
General and administrative	1.92					5.78	5.15	0.31	0.72
Operating expenses	2.17	1.7	8.44	10.1	30.4	67.3	81	78.8	79.2
Interest expense	0.09	0.63	3.23	3.94	8.8	16.7	22.8	27.3	28.8
Interest income	0.01	0.14	0.25	0.06	0.01	0.18	1.06	1.08	0.92
Other non-operating income	-0.01	0.25	-2.07	-3.88	-8.88	-17	-21	-28.5	-32.2
Net income to minority interests	0	0	-0	-0.01	-2.24	-6.4	-4.46	-2.62	-5.11
Net income	-1.95	0.71	0.85	1.77	-0.7	-5.01	-6.89	-9.13	-8.41
EPS, basic	-8.47	0.33	0.19	0.29	-0.09	-0.38	-0.44	-0.66	-0.70
EPS, diluted	-8.47	0.33	0.19	0.29	-0.09	-0.38	-0.44	-0.66	-0.70
Shares, basic (weighted)	0.23	2.14	4.47	5.99	7.81	13.2	15.5	13.7	12.1
Shares, diluted (weighted)	0.23	2.14	4.47	5.99	7.81	13.2	15.5	13.7	12.1

Balance sheet

	FY2017	FY2018	FY2019	FY2020	FY2021	FY2022	FY2023	FY2024	FY2025
Cash and equivalents	7.66	14	17.3	33.5	15.4	27.6	30.4	36.1	25.4
Lease right-of-use assets					16.5	16.4	16.3	16.2	16.1
Intangible assets	1.28	12.6	20.8	18.6	61.6	85.1	75.2	71.7	68
Total assets	25.7	139	224	241	751	1,122	1,144	1,126	1,137
Total liabilities	6.87	59.4	95.6	95.8	397	527	592	616	667
Total debt									601
Paid-in capital	21.1	84.5	136	161	239	389	377	341	311
Retained earnings	-2.27	-4.74	-10.5	-17.7	-30.1	-55.1	-85.4	-116	-142
Other comprehensive income					-0.02	0.9	0.76	0.75	0.47
Shareholders' equity	18.9	79.8	125	143	209	335	292	226	170
Minority interests	0	0.18	3.04	2.15	145	260	259	283	300
Total equity	18.9	79.9	128	146	354	595	552	510	470
Total liabilities and equity	25.7	139	224	241	751	1,122	1,144	1,126	1,137
Shares outstanding						15.2	14.6	12.6	11.1

Cash flow statement

	FY2017	FY2018	FY2019	FY2020	FY2021	FY2022	FY2023	FY2024	FY2025
Net income	-1.95	0.71	0.84	1.75	-2.94	-11.4	-11.3	-11.7	-13.5
Depreciation and amortization	0.12	0.99	5.05	6.6	16.6	33.8	36	35.6	37.2
Change in payables	0.29	0.03	-0.01	0.04	-0.43	0.09	-1.19	-2.47	1.85
Cash from operations	0.13	1.82	3.85	6.99	10.4	22.8	20.9	30.3	27.4
Capital expenditures								-2.76	-2.03
Cash from investing	-18	-56.6	-41.4	-7.57	-128	-113	-11.3	24.7	-10.9
Stock issued	21.1	63.4	46.3	27.1	77.7	153	42.9	10.4	4.5
Share buybacks			-1.2	-4.55	-7.29	-8.94	-59.4	-59.6	-40.4
Dividends paid	-0.16	-1.85	-4.18	-5.64	-7.49	-18.2	-21.5	-15.3	-13.2
Cash from financing	25.3	61.2	40.8	16.8	104	109	-8.23	-50.2	-29.4
Net change in cash	7.46	6.39	3.26	16.2	-14.5	19.5	1.36	4.77	-13
Free cash flow								27.5	25.3
Interest paid	0.08	0.46	3.06	3.86	8	16.6	20.5	26.6	27.3

Key metrics

Worked out from the statements above. Latest values use the trailing twelve months to June 30, 2026; growth uses fiscal years. Valuation uses the share price of $25.39 on September 25, 2026.

Profitability

Metric	Value	How it is calculated
Net margin	0.5%	Net income / revenue.
FCF margin	16.2%	Free cash flow (cash from operations - capital expenditures) / revenue.
Operating cash flow margin	18.4%	Cash from operations / revenue.
Return on equity (ROE)	0.3%	Net income / average shareholders' equity (opening and closing). Not shown when equity is negative.
Return on assets (ROA)	0.0%	Net income / average total assets.
Capex / revenue	2.2%	Capital expenditures / revenue.
D&A / revenue	35.4%	Depreciation and amortization / revenue.

Growth

Metric	Value	How it is calculated
Revenue growth, 1y	2.4%	Revenue vs the same period a year earlier. Only from a positive base.
Revenue CAGR, 3y	10.3%	Compound annual growth of revenue over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Revenue CAGR, 5y	44.2%	Compound annual growth of revenue over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Operating cash flow growth, 1y	-9.7%	Operating cash flow vs the same period a year earlier. Only from a positive base.
Operating cash flow CAGR, 3y	6.3%	Compound annual growth of operating cash flow over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Operating cash flow CAGR, 5y	31.4%	Compound annual growth of operating cash flow over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Free cash flow growth, 1y	-8.0%	Free cash flow vs the same period a year earlier. Only from a positive base.
Book value growth, 1y	-24.9%	Book value vs the same period a year earlier. Only from a positive base.
Book value CAGR, 3y	-20.3%	Compound annual growth of book value over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Book value CAGR, 5y	3.5%	Compound annual growth of book value over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Total assets growth, 1y	1.0%	Total assets vs the same period a year earlier. Only from a positive base.
Total assets CAGR, 3y	0.4%	Compound annual growth of total assets over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Total assets CAGR, 5y	36.3%	Compound annual growth of total assets over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Share count change, 1y	-12.1%	Change in diluted weighted shares vs a year earlier. Negative means buybacks shrank the share count; positive means dilution.
Share count change per year, 3y	-2.9%	Change in diluted weighted shares, per year over 3 years. Negative means buybacks shrank the share count; positive means dilution.
Share count change per year, 5y	15.0%	Change in diluted weighted shares, per year over 5 years. Negative means buybacks shrank the share count; positive means dilution.

Balance sheet health

Metric	Value	How it is calculated
Debt / equity	3.40x	Total debt / shareholders' equity. Not shown when equity is negative.
Debt / assets	48.1%	Total debt / total assets.
Liabilities / assets	53.1%	Total liabilities / total assets.
Net debt	$548.5M	Total debt - cash - short-term investments. Negative means more cash than debt.
Goodwill and intangibles / assets	5.2%	(Goodwill + intangible assets) / total assets.
Tangible book value	$106.0M	Shareholders' equity - goodwill - intangible assets.

Efficiency

Metric	Value	How it is calculated
Asset turnover	0.08x	Revenue / average total assets.
FCF conversion	3,485.0%	Free cash flow / net income, when net income is positive.
Capex / operating cash flow	11.9%	Capital expenditures / cash from operations, when that is positive.

Per share

Metric	Value	How it is calculated
EPS, diluted	$0.04	Net income per diluted share, as reported (split-adjusted). Over the last twelve months: the four quarters summed, or net income / latest diluted shares when a quarter has no reported EPS.
Revenue per share	$9.19	Revenue / diluted weighted shares.
FCF per share	$1.49	Free cash flow / diluted weighted shares.
Operating cash flow per share	$1.69	Cash from operations / diluted weighted shares.
Book value per share	$15.66	Shareholders' equity / shares outstanding (diluted weighted shares when not reported).
Tangible book per share	$9.86	Tangible book value / shares outstanding.
Cash per share	$2.29	(Cash + short-term investments) / shares outstanding.
Payout ratio	2,198.0%	Dividends paid / net income, when net income is positive.
Dividends / FCF	63.1%	Dividends paid / free cash flow, when free cash flow is positive.
Buybacks / FCF	283.1%	Share buybacks / free cash flow, when free cash flow is positive.

Valuation

Metric	Value	How it is calculated
Market cap	$207.7K	Share price x shares outstanding.
Enterprise value	$548.7M	Market cap + total debt - cash - short-term investments.
P/E	0.44x	Market cap / net income. Only when net income is positive.
P/S	0.00x	Market cap / revenue.
P/B	0.00x	Market cap / shareholders' equity. Only when equity is positive.
Price / tangible book	0.00x	Market cap / tangible book value, when positive.
P/FCF	0.01x	Market cap / free cash flow. Only when free cash flow is positive.
P/OCF	0.01x	Market cap / cash from operations, when positive.
EV/Sales	5.45x	Enterprise value / revenue.
EV/FCF	33.6x	Enterprise value / free cash flow, when both are positive.
FCF yield	7,852.0%	Free cash flow / market cap.
Earnings yield	225.3%	Net income / market cap (the inverse of P/E).
Dividend yield	4,953.0%	Dividends paid over the period / market cap.
Shareholder yield	27,182.0%	(Dividends paid + share buybacks) / market cap.

What was Cantor Fitzgerald Income Trust, Inc.'s revenue in fiscal 2025?

Cantor Fitzgerald Income Trust, Inc. reported revenue of $97.9M for fiscal 2025, 2.4% higher than the year before.

Was Cantor Fitzgerald Income Trust, Inc. profitable in fiscal 2025?

No. It reported a net loss of $8.4M.

How much free cash flow did Cantor Fitzgerald Income Trust, Inc. generate in fiscal 2025?

Cash from operations of $27.4M minus capital expenditures of $2.0M left free cash flow of $25.3M.

Source: SEC EDGAR XBRL company facts. Where a company tags only year-to-date figures, quarters are worked out as differences. Where a line is not tagged it is left empty, never estimated.

Open interactive statements, quarterly figures and charts

Back to Cantor Fitzgerald Income Trust, Inc.