Income statement, balance sheet and cash flow statement for the last 10 fiscal years, taken from the XBRL data Power REIT 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
1.98
1.98
1.97
2.18
4.27
8.46
8.52
2.22
3.05
2.01
General and administrative
0.34
0.38
0.4
0.41
0.53
0.88
1.52
1.75
1.49
1.17
Operating income
22.7
24.8
24.5
30.8
Interest expense
0.5
0.49
0.48
0.53
1.17
1.14
1.76
2.7
3.87
2.06
Other non-operating income
1.03
0.6
1.44
Net income
0.25
0.72
0.84
0.95
2.17
5.14
-14.3
-14.4
-24.7
-2.2
EBITDA
22.8
25.7
26
33.1
EPS, basic
-0.02
0.24
0.30
0.36
0.99
1.41
-4.41
-4.43
-7.48
-0.83
EPS, diluted
-0.02
0.24
0.30
0.36
0.96
1.38
-4.41
-4.43
-7.48
-0.83
Shares, basic (weighted)
1.77
1.81
1.85
1.87
1.91
3.18
3.38
3.39
3.39
3.41
Shares, diluted (weighted)
1.77
1.81
1.85
1.87
1.97
3.26
3.38
3.39
3.39
3.41
Balance sheet
FY2016
FY2017
FY2018
FY2019
FY2020
FY2021
FY2022
FY2023
FY2024
FY2025
Cash and equivalents
0.72
1.15
1.77
15.8
5.6
3.17
2.85
2.2
2.19
2.24
Receivables
0.6
Other current assets
0.03
0.01
0.02
0
0.02
0.3
Intangible assets
4.3
4.06
3.83
3.59
3.35
2.96
2.73
2.5
2.28
2.05
Other non-current assets
0.23
0.3
0.34
Total assets
21.2
21.5
21.9
37.7
40.5
85.3
86.2
70.2
46.1
26.9
Accounts payable
0.08
0.02
0.02
Accrued liabilities
0.34
0.77
Deferred revenue
0.05
0.04
0.03
Short-term debt
0.34
0.37
0.39
0.56
0.61
0.64
0.62
15
17.4
0.46
Total current liabilities
15.5
17.4
Long-term debt
9.87
9.53
9.17
23.8
23.2
22.6
37.2
20.7
20
19.2
Total liabilities
10.4
10.1
9.7
24.6
25.3
27
41.9
39.4
39.3
21.8
Total debt
9.87
10.3
9.92
25
24.4
23.8
39.1
36.7
37.9
20.4
Paid-in capital
11.2
11.4
11.6
11.8
12.1
45.7
46.4
47.3
47.9
48.5
Retained earnings
-3.92
-3.48
-2.92
-2.25
-0.36
4.13
-10.6
-25
-49.7
-51.9
Shareholders' equity
7.28
7.92
8.7
9.57
11.7
49.8
44.3
30.8
6.75
5.14
Total equity
7.28
7.92
8.7
9.57
11.7
49.8
44.3
30.8
6.75
5.14
Total liabilities and equity
21.2
21.5
21.9
37.7
40.5
85.3
86.2
70.2
46.1
26.9
Shares outstanding
1.78
1.83
1.87
1.87
1.92
3.37
3.39
3.39
3.39
0.37
Cash flow statement
FY2016
FY2017
FY2018
FY2019
FY2020
FY2021
FY2022
FY2023
FY2024
FY2025
Net income
0.25
0.72
0.84
0.95
2.17
5.14
-14.3
-14.4
-24.7
-2.2
Depreciation and amortization
0.04
0.14
0.87
1.51
2.26
0.82
0.06
Stock-based compensation
0.2
0.2
0.22
0.21
0.26
0.38
0.68
0.89
0.69
0.33
Change in receivables
-0.06
0.06
Change in payables
0.01
-0.06
0
0.03
1.48
-0.57
-0.18
0.04
Cash from operations
0.88
1.05
1.27
1.37
2.96
8
6.84
-2.62
-1.39
-0.07
Capital expenditures
-0.02
Purchases of investments
-0.01
-0.36
Sales and maturities of investments
0.65
Cash from investing
-1.8
-12.3
-42.1
-21
5.23
1.76
0.54
Debt issued
15.5
16
0.26
0.46
Debt repaid
-0.32
-0.34
-0.36
-0.41
-0.6
-0.64
-0.67
-2.35
-2.5
-0.96
Stock issued
36.5
0.28
Cash from financing
-0.6
-0.62
-0.64
14.5
-0.88
31.7
14.8
-2.35
-2.24
-0.47
Net change in cash
0.28
0.43
0.62
14.1
-10.2
-2.43
0.68
0.26
-1.87
0
Free cash flow
-2.64
Interest paid
0.46
0.47
0.45
0.5
1.13
1.11
1.58
2.25
1.11
0.95
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 $7.06 on September 25, 2026.
Profitability
Metric
Value
How it is calculated
Net margin
-55.9%
Net income / revenue.
Operating cash flow margin
54.5%
Cash from operations / revenue.
Return on equity (ROE)
-33.3%
Net income / average shareholders' equity (opening and closing). Not shown when equity is negative.
Return on assets (ROA)
-6.0%
Net income / average total assets.
D&A / revenue
2.1%
Depreciation and amortization / revenue.
Growth
Metric
Value
How it is calculated
Revenue growth, 1y
-34.0%
Revenue vs the same period a year earlier. Only from a positive base.
Revenue CAGR, 3y
-38.2%
Compound annual growth of revenue over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Revenue CAGR, 5y
-14.0%
Compound annual growth of revenue over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Book value growth, 1y
-23.9%
Book value vs the same period a year earlier. Only from a positive base.
Book value CAGR, 3y
-51.2%
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
-15.2%
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
-41.6%
Total assets vs the same period a year earlier. Only from a positive base.
Total assets CAGR, 3y
-32.2%
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
-7.9%
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
0.7%
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
0.4%
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
11.6%
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
4.19x
Total debt / shareholders' equity. Not shown when equity is negative.
Debt / assets
75.1%
Total debt / total assets.
Liabilities / assets
82.1%
Total liabilities / total assets.
Net debt
$16.5M
Total debt - cash - short-term investments. Negative means more cash than debt.
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
$7.60
Revenue / diluted weighted shares.
Operating cash flow per share
$4.14
Cash from operations / diluted weighted shares.
Book value per share
$12.77
Shareholders' equity / shares outstanding (diluted weighted shares when not reported).
Market cap + total debt - cash - short-term investments.
P/S
0.93x
Market cap / revenue.
P/B
0.55x
Market cap / shareholders' equity. Only when equity is positive.
Price / tangible book
0.94x
Market cap / tangible book value, when positive.
P/OCF
1.71x
Market cap / cash from operations, when positive.
EV/Sales
6.85x
Enterprise value / revenue.
Earnings yield
-60.2%
Net income / market cap (the inverse of P/E).
What was Power REIT's revenue in fiscal 2025?
Power REIT reported revenue of $2.0M for fiscal 2025, 34% lower than the year before.
Was Power REIT profitable in fiscal 2025?
No. It reported a net loss of $2.2M.
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.