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Financial statements

KAANAPALI LAND LLC financial statements

Income statement, balance sheet and cash flow statement for the last 10 fiscal years, taken from the XBRL data KAANAPALI LAND LLC 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

FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Revenue8.39166.424.183.354.759.225.251.951.65
Cost of revenue7.9911.86.654.474.465.226.842.862.771.85
Gross profit0.44.16-0.23-0.29-1.11-0.462.382.4-0.82-0.21
Selling, general and administrative3.883.083.284.564.136.525.04
Operating income-5.460.040.520.05-7.54-5.38
Other non-operating income2.480.316.240.68
Pre-tax income-24.50.88-3.75-5.05-5.460.042.990.36-1.3-4.69
Income tax-7.75-9.44-0.76-1.18-0.960.350.2-3.34-0.21-0.97
Net income to minority interests-0.13-0.39-0.08-0.24-0.76-0.55-0.06
Net income-16.710.7-2.91-3.63-3.740.252.853.71-1.09-3.73
EBITDA-5.240.310.760.25-7.34-5.24
EPS, basic-9.035.81-1.58-1.97-2.030.131.552.01-0.59-2.02
EPS, diluted-9.035.81-1.58-1.97-2.030.131.552.01-0.59-2.02
Shares, basic (weighted)1.851.851.851.851.851.851.851.851.851.85
Shares, diluted (weighted)1.851.851.851.851.851.851.851.851.851.85

Balance sheet

FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Cash and equivalents2130.628.723.217.71719.826.323.115.8
Inventory1.88
Property, plant and equipment71.264.361.862.262.762.15960.26364.3
Total assets10911310910610210798.5939185.7
Total liabilities33.226.425.424.723.62718.59.319.188.62
Paid-in capital5.475.475.475.475.475.475.475.475.475.47
Retained earnings71.181.878.875.271.471.774.578.276.371.7
Other comprehensive income-1.22-1.37-1.6-0.240.952.3
Shareholders' equity75.385.982.780.477.979.58083.781.877.1
Minority interests0.690.630.891.060.660.74
Total equity7686.583.681.578.580.28083.781.877.1
Total liabilities and equity10911310910610210798.5939185.7
Shares outstanding1.791.791.791.791.791.791.791.791.791.79

Cash flow statement

FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Net income-16.810.3-2.99-3.87-4.5-0.312.793.71-1.09-3.73
Depreciation and amortization0.250.20.240.20.220.270.240.20.210.13
Deferred income tax-7.75-9.44-0.76-1.18-0.960.350.2-3.34-0.21-0.97
Change in payables-0.96-0.18-0.22-0.14-0.522.53-7.87-5.86-0.190.4
Cash from operations-0.79.84-1.57-4.84-5.42-0.992.968.15-2.78-5.92
Capital expenditures-0.42-0.56-0.47-0.64-0.68-0.44-0.33-1.82-3-1.58
Cash from investing-0.42-0.56-0.47-0.64-0.68-0.44-1.36-1.710.44-0.45
Cash from financing0.160.280.290.420.370.640.39-0.84-0.92
Net change in cash-1.069.52-1.75-5.06-5.73-0.781.986.45-3.18-7.3
Free cash flow-1.139.28-2.04-5.48-6.1-1.422.626.33-5.78-7.5
Income taxes paid0.06

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 $29.91 on September 25, 2026.

Profitability

MetricValueHow it is calculated
Gross margin43.9%Gross profit / revenue.
Operating margin21.2%Operating income / revenue.
EBITDA margin21.9%EBITDA (operating income + depreciation and amortization) / revenue.
Pre-tax margin45.9%Pre-tax income / revenue.
Net margin48.2%Net income / revenue.
FCF margin77.6%Free cash flow (cash from operations - capital expenditures) / revenue.
Operating cash flow margin80.5%Cash from operations / revenue.
Return on equity (ROE)11.8%Net income / average shareholders' equity (opening and closing). Not shown when equity is negative.
Return on assets (ROA)10.8%Net income / average total assets.
Return on invested capital (ROIC)7.2%Approximation: operating income x (1 - tax rate) / average (total debt + equity - cash). Tax rate is the effective rate when between 0% and 50%, else 21%.
SG&A / revenue22.0%Selling, general and administrative expense / revenue.
Capex / revenue2.9%Capital expenditures / revenue.
D&A / revenue0.7%Depreciation and amortization / revenue.

Growth

MetricValueHow it is calculated
Revenue growth, 1y-15.7%Revenue vs the same period a year earlier. Only from a positive base.
Revenue CAGR, 3y-43.7%Compound annual growth of revenue over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Revenue CAGR, 5y-13.3%Compound annual growth of revenue over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Book value growth, 1y-5.7%Book value vs the same period a year earlier. Only from a positive base.
Book value CAGR, 3y-1.2%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-0.2%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-5.7%Total assets vs the same period a year earlier. Only from a positive base.
Total assets CAGR, 3y-4.5%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-3.4%Compound annual growth of total assets over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Share count change, 1y0.0%Change in diluted weighted shares vs a year earlier. Negative means buybacks shrank the share count; positive means dilution.
Share count change per year, 3y0.0%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, 5y0.0%Change in diluted weighted shares, per year over 5 years. Negative means buybacks shrank the share count; positive means dilution.

Balance sheet health

MetricValueHow it is calculated
Liabilities / assets8.6%Total liabilities / total assets.
Tangible book value$88.9MShareholders' equity - goodwill - intangible assets.

Efficiency

MetricValueHow it is calculated
Asset turnover0.22xRevenue / average total assets.
Fixed asset turnover0.40xRevenue / average property, plant and equipment.
Inventory turnover6.58xCost of revenue / average inventory.
Days inventory55 days365 x average inventory / cost of revenue.
FCF conversion160.9%Free cash flow / net income, when net income is positive.
Capex / operating cash flow3.6%Capital expenditures / cash from operations, when that is positive.

Per share

MetricValueHow it is calculated
EPS, diluted$5.71Net 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$11.83Revenue / diluted weighted shares.
FCF per share$9.18Free cash flow / diluted weighted shares.
Operating cash flow per share$9.53Cash from operations / diluted weighted shares.
Book value per share$49.59Shareholders' equity / shares outstanding (diluted weighted shares when not reported).
Tangible book per share$49.59Tangible book value / shares outstanding.
Cash per share$21.17(Cash + short-term investments) / shares outstanding.

Valuation

MetricValueHow it is calculated
Market cap$53.6MShare price x shares outstanding.
Enterprise value$15.7MMarket cap + total debt - cash - short-term investments.
P/E5.09xMarket cap / net income. Only when net income is positive.
P/S2.46xMarket cap / revenue.
P/B0.60xMarket cap / shareholders' equity. Only when equity is positive.
Price / tangible book0.60xMarket cap / tangible book value, when positive.
P/FCF3.16xMarket cap / free cash flow. Only when free cash flow is positive.
P/OCF3.05xMarket cap / cash from operations, when positive.
EV/Sales0.72xEnterprise value / revenue.
EV/EBIT3.38xEnterprise value / operating income, when both are positive.
EV/EBITDA3.28xEnterprise value / EBITDA, when both are positive.
EV/FCF0.92xEnterprise value / free cash flow, when both are positive.
FCF yield31.6%Free cash flow / market cap.
Earnings yield19.6%Net income / market cap (the inverse of P/E).
What was KAANAPALI LAND LLC's revenue in fiscal 2025?

KAANAPALI LAND LLC reported revenue of $1.6M for fiscal 2025, 15.7% lower than the year before.

Was KAANAPALI LAND LLC profitable in fiscal 2025?

No. It reported a net loss of $3.7M.

How much free cash flow did KAANAPALI LAND LLC generate in fiscal 2025?

Cash from operations of $5.9M minus capital expenditures of $1.6M left free cash flow of -$7.5M.

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.

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