PORTSMOUTH SQUARE INC financial statements

Income statement, balance sheet and cash flow statement for the last 10 fiscal years, taken from the XBRL data PORTSMOUTH SQUARE 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

	FY2016	FY2017	FY2018	FY2019	FY2020	FY2021	FY2022	FY2023	FY2024	FY2025
Revenue	58.6	54.3	57.1	59.9	42.8	14.7	31.5	42	41.9	46.4
Cost of revenue		41	40.1	44.5	37.3	17.9	27.5	34.5	36.1	37.6
Gross profit		13.3	17	15.4	5.51	-3.24	4.08	7.57	5.75	8.73
General and administrative	0.71	0.64	0.91	0.77	0.75	0.8	1.13	1.79	1.68	1.33
Operating expenses	48	41.7		45.2	-38.1	18.7	28.6	-36.3	-30.4	-31.6
Operating income	2.36	9.81	19.3	12.3	2.57	-6.12	0.74	3.06	0.67	3.87
Interest expense	7.79	7.74	7.81	7.27	6.97	6.71	1.38	1.73	2.37	3.57
Interest income	0.01	0.04	0.03	0.17	0.13	0.02	0.12	0.04	0.01	0.01
Other non-operating income	-10.3	-9.22	-8.9	-8.47	-7.72	-1.31	-7.17	-8.35	-12	-13
Pre-tax income	-7.9	0.59	10.4	3.87	-5.16	-7.43	-6.42	-5.29	-11.4	-9.11
Income tax	-2.74	0.2	5.99	0.96	-1.93	-2.15	0.14	7.91	0	0
Net income to minority interests	-0.37	0.15	0.82	0.32	-0.29	-0.06
Net income	-4.79	0.25	3.65	2.6	-2.93	-5.23	-6.57	-13.2	-11.4	-9.11
EBITDA	5.21	12.8	21.6	14.4	4.56	-4.27	2.95	5.78	4.07	7.41
EPS, basic	-6.53	0.33	4.96	3.54	-3.99	-7.12	-8.94	-17.98	-15.49	-12.41
EPS, diluted	-6.53	0.33	4.96	3.54	-3.99	-7.12	-8.94	-17.98	-15.49	-12.41
Shares, basic (weighted)	0.73	0.73	0.73	0.73	0.73	0.73	0.73	0.73	0.73	0.73
Shares, diluted (weighted)	0.73	0.73	0.73	0.73	0.73	0.73	0.73	0.73	0.73	0.73

Balance sheet

	FY2016	FY2017	FY2018	FY2019	FY2020	FY2021	FY2022	FY2023	FY2024	FY2025
Cash and equivalents	3.38	2.05	7.62	9.79	4.71	2.31	2.66	2.3	3.51	4.47
Short-term investments					0.57	1.82	0.41	0.36	0.21
Receivables						0.21	0.39	0.42	0.52	0.38
Inventory	0.25	0.07	0.06	0.06	0.04	0.04	0.03	0.03	0.03	0.04
Total assets	63	60.8	60.4	62.6	57.6	52.6	49.8	41.1	41.4	46.9
Total liabilities	145	142	137	137	135	136	140	145	156	171
Total debt	117			0.33			109
Retained earnings	-77.4	-77.1	-73.5	-70.9	-73.8	-85	-92.5	-106	-117	-126
Shareholders' equity	-75.3	-75	-71.4	-68.8	-71.7	-83.5	-90.4	-104	-115	-124
Minority interests	-6.66	-6.51	-5.7	-5.53	-5.82	-0.66
Total equity	-81.9	-81.5	-77.1	-74.3	-77.5	-83.5	-90.4	-104	-115	-124
Total liabilities and equity	63	60.8	60.4	62.6	57.6	52.6	49.8	41.1	41.4	46.9
Shares outstanding	0.73	0.73	0.73	0.73	0.73	0.73	0.73	0.73	0.73	0.73

Cash flow statement

	FY2016	FY2017	FY2018	FY2019	FY2020	FY2021	FY2022	FY2023	FY2024	FY2025
Net income	-5.16	0.4	4.46	2.91	-3.22	-5.29	-6.57	-13.2	-11.4	-9.11
Depreciation and amortization	2.86	2.94	2.27	2.07	2	1.85	2.21	2.72	3.39	3.53
Deferred income tax	-2.74	0.16	5.77	1.11	-1.92	-2.08	0.14	7.91
Change in receivables	3.57	1.78	-0.37	0.96	0.6	0.06	-0.18	-0.04	-0.1	0.12
Change in payables	2.56	-2.1	-2.97	1.48
Cash from operations	10.4	4.97	10.3	9.37	-5.4	-10.7	-2.76	2.74	0.11	-2.15
Capital expenditures	-4.23	-0.33	-0.21	-1.4	-1.29	-1.07	-1.93	-5.87	-4.08	-2.25
Cash from investing	-4.23	-0.42	-0.17	-1.52	-1.27	-0.76	-2.27	-5.87	-4.08	-2.25
Cash from financing	-3.85	-5.88	-2.59	-1.72	2.24	3.59	5.39	-0.56	3.54	11.3
Net change in cash	2.3	-1.33	7.52	6.13	-4.43	-7.85	0.36	-3.68	-0.43	6.95
Free cash flow	6.15	4.64	10.1	7.97	-6.7	-11.8	-4.69	-3.13	-3.97	-4.4
Interest paid	7.8	7.8	7.88	7.68	7.35	6.72	6.59	6.47	4.84	8.52
Income taxes paid	0	0	0.03	0.07	0	0.02	0.03	0.02	0	0.03

Key metrics

Worked out from the statements above. Latest values use the trailing twelve months to March 31, 2026; growth uses fiscal years. Valuation uses the share price of $6.86 on September 25, 2026.

Profitability

Metric	Value	How it is calculated
Gross margin	21.4%	Gross profit / revenue.
Operating margin	12.7%	Operating income / revenue.
EBITDA margin	19.3%	EBITDA (operating income + depreciation and amortization) / revenue.
Pre-tax margin	-12.6%	Pre-tax income / revenue.
Net margin	-12.6%	Net income / revenue.
FCF margin	3.4%	Free cash flow (cash from operations - capital expenditures) / revenue.
Operating cash flow margin	9.2%	Cash from operations / revenue.
Return on assets (ROA)	-14.6%	Net income / average total assets.
Capex / revenue	5.8%	Capital expenditures / revenue.
D&A / revenue	6.6%	Depreciation and amortization / revenue.

Growth

Metric	Value	How it is calculated
Revenue growth, 1y	10.7%	Revenue vs the same period a year earlier. Only from a positive base.
Revenue CAGR, 3y	13.7%	Compound annual growth of revenue over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Revenue CAGR, 5y	1.6%	Compound annual growth of revenue over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Gross profit growth, 1y	51.9%	Gross profit vs the same period a year earlier. Only from a positive base.
Gross profit CAGR, 3y	28.8%	Compound annual growth of gross profit over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Gross profit CAGR, 5y	9.7%	Compound annual growth of gross profit over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Operating income growth, 1y	476.9%	Operating income vs the same period a year earlier. Only from a positive base.
Operating income CAGR, 3y	73.3%	Compound annual growth of operating income over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Operating income CAGR, 5y	8.6%	Compound annual growth of operating income over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
EBITDA growth, 1y	82.2%	EBITDA vs the same period a year earlier. Only from a positive base.
EBITDA CAGR, 3y	35.9%	Compound annual growth of ebitda over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
EBITDA CAGR, 5y	10.2%	Compound annual growth of ebitda over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Operating cash flow growth, 1y	-2,089.0%	Operating cash flow vs the same period a year earlier. Only from a positive base.
Total assets growth, 1y	13.3%	Total assets vs the same period a year earlier. Only from a positive base.
Total assets CAGR, 3y	-2.0%	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	-4.0%	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	0.0%	Change in diluted weighted shares vs a year earlier. Negative means buybacks shrank the share count; positive means dilution.
Share count change per year, 3y	0.0%	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, 5y	0.0%	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
Liabilities / assets	375.5%	Total liabilities / total assets.
Interest coverage	1.90x	Operating income / interest expense.
Tangible book value	-$128.4M	Shareholders' equity - goodwill - intangible assets.

Efficiency

Metric	Value	How it is calculated
Asset turnover	1.16x	Revenue / average total assets.
Capex / operating cash flow	63.1%	Capital expenditures / cash from operations, when that is positive.

Per share

Metric	Value	How it is calculated
EPS, diluted	-$9.26	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	$73.47	Revenue / diluted weighted shares.
FCF per share	$2.49	Free cash flow / diluted weighted shares.
Operating cash flow per share	$6.75	Cash from operations / diluted weighted shares.
Book value per share	-$174.92	Shareholders' equity / shares outstanding (diluted weighted shares when not reported).
Tangible book per share	-$174.92	Tangible book value / shares outstanding.
Cash per share	$7.97	(Cash + short-term investments) / shares outstanding.

Valuation

Metric	Value	How it is calculated
Market cap	$5.0M	Share price x shares outstanding.
Enterprise value	-$812.5K	Market cap + total debt - cash - short-term investments.
P/S	0.09x	Market cap / revenue.
P/FCF	2.76x	Market cap / free cash flow. Only when free cash flow is positive.
P/OCF	1.02x	Market cap / cash from operations, when positive.
FCF yield	36.3%	Free cash flow / market cap.
Earnings yield	-134.9%	Net income / market cap (the inverse of P/E).

What was PORTSMOUTH SQUARE INC's revenue in fiscal 2025?

PORTSMOUTH SQUARE INC reported revenue of $46.4M for fiscal 2025, 10.7% higher than the year before.

Was PORTSMOUTH SQUARE INC profitable in fiscal 2025?

No. It reported a net loss of $9.1M.

How much free cash flow did PORTSMOUTH SQUARE INC generate in fiscal 2025?

Cash from operations of $2.1M minus capital expenditures of $2.3M left free cash flow of -$4.4M.

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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