Sachem Capital Corp. financial statements

Income statement, balance sheet and cash flow statement for the last 10 fiscal years, taken from the XBRL data Sachem Capital Corp. 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	FY2017	FY2018	FY2019	FY2020	FY2021	FY2022	FY2023	FY2024	FY2025
Revenue	4.13	7	11.7	12.7	18.6	30.4	52.3	64.7	57.5
General and administrative	0.02	0.22	0.44	0.48	0.56	2.24	3.1	4.96	6.84	6.48
Operating income								15	-17.8
Other non-operating income								0.86	-21.8
Income tax							0	0	0.2	0
Net income	3.05	4.86	7.77	6.2	8.99	13.3	20.9	15.9	-39.6	6.31
EBITDA								15.3	-17.4
EPS, basic	0.00	0.38	0.50	0.32	0.41	0.44	0.46	0.27	-0.93	0.04
EPS, diluted	0.00	0.38	0.50	0.32	0.41	0.44	0.46	0.27	-0.93	0.04
Shares, basic (weighted)	0	12	15.4	19.4	22.1	26.3	37.7	44.2	47.4	46.9
Shares, diluted (weighted)	0	0	15.4	19.4	22.1	26.3	37.7	44.2	47.4	46.9

Balance sheet

	FY2017	FY2017	FY2018	FY2019	FY2020	FY2021	FY2022	FY2023	FY2024	FY2025
Cash and equivalents	1.56	0.95	0.1	18.8	19.4	41.9	23.7	12.6	18.1	10.9
Short-term investments			0	15.9	37.3	60.6	24.6	37.8	1.52	0.94
Other current assets						0.31	0.48	0.54	0.19	0.3
Property, plant and equipment	0.4	0.5	1.18	1.35	1.43	2.17	4.12	3.37	3.22	3.16
Goodwill							0.39	0.39	0.39	0.39
Total assets	38.4	67.5	86	141	227	418	566	621	492	460
Total liabilities	9.88	12.9	33.2	58.7	146	238	348	391	310	285
Total debt		0.3	0.29	0.78			288	288	230
Paid-in capital	0	53.3	53.2	83.9	83.8	186	226	250	257	258
Retained earnings	0	1.24	-0.41	-1.27	-2.89	-4.99	-8	-20.1
Other comprehensive income			0	-0.05	-0.03	-0.48	-0.56	0.32
Shareholders' equity	28.5	54.6	52.8	82.6	80.9	180	218	230	182	175
Total equity	28.5	54.6	52.8	82.6	80.9	180	218	230	182	175
Total liabilities and equity	38.4	67.5	86	141	227	418	566	621	492	460
Shares outstanding	15.4	15.4	15.4	22.1	22.1	32.7	41.1	46.8	47	47.7

Cash flow statement

	FY2017	FY2017	FY2018	FY2019	FY2020	FY2021	FY2022	FY2023	FY2024	FY2025
Net income	3.05	4.86	7.77	6.2	8.99	13.3	20.9	15.9	-39.6	6.31
Depreciation and amortization	0	0.03	0.03	0.06	0.06	0.08	0.11	0.27	0.37	0.53
Stock-based compensation		0	0.04	0.04	0.02	0.19	0.5	0.82	0.86	0.84
Change in payables			-0.07	-0.07	0.12	0.13	0.77	0.37	1.04	-0.27
Cash from operations	3.7	4.84	6.22	8.12	9.63	27.8	13.1	21.9	12.9	2.66
Capital expenditures	0	-0.09	-0.71	-0.24	-0.15	-0.82	-1.58
Purchases of investments			0	-16	-97.6	-204	-51.7	-30.4	-7.77	0
Sales and maturities of investments				0	77.1	181	85.1	18.1	43.9	2.15
Cash from investing	-6.94	-28.9	-16.8	-37.8	-82.8	-166	-160	-72.5	79.9	29.4
Debt issued									0	90
Stock issued			0	30.5		56.1	39.3	20.5	2.05	0
Share buybacks								-0.23	-1.49	0
Dividends paid	0	-3.34	-6.79	-9.68	-7.96	-12.3	-18.8	-21.9	-16.5	-9.5
Cash from financing	2.97	23.5	9.82	48.4	73.8	161	128	39.5	-87.3	-39.2
Net change in cash		-0.61	-0.8	18.7	0.57	22.5	-18.2	-11.1	5.47	-7.14
Free cash flow	3.7	4.75	5.51	7.87	9.48	27	11.6
Interest paid	0.47	0.59	1.37	2.24	4.95	9.1	19.3	26.6	25.3	22.7
Income taxes paid		0	0.05	0					0.12	0.06

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 $24.89 on September 24, 2026.

Profitability

Metric	Value	How it is calculated
Return on equity (ROE)	-5.0%	Net income / average shareholders' equity (opening and closing). Not shown when equity is negative.
Return on assets (ROA)	-1.7%	Net income / average total assets.

Growth

Metric	Value	How it is calculated
Net income CAGR, 3y	-32.9%	Compound annual growth of net income over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Net income CAGR, 5y	-6.8%	Compound annual growth of net income over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
EPS CAGR, 3y	-55.7%	Compound annual growth of eps over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
EPS CAGR, 5y	-37.2%	Compound annual growth of eps over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Operating cash flow growth, 1y	-79.3%	Operating cash flow vs the same period a year earlier. Only from a positive base.
Operating cash flow CAGR, 3y	-41.3%	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	-22.7%	Compound annual growth of operating cash flow over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Book value growth, 1y	-3.7%	Book value vs the same period a year earlier. Only from a positive base.
Book value CAGR, 3y	-7.0%	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	16.7%	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	-6.5%	Total assets vs the same period a year earlier. Only from a positive base.
Total assets CAGR, 3y	-6.7%	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	15.2%	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	-1.1%	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	7.5%	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	16.2%	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	66.4%	Total liabilities / total assets.
Goodwill and intangibles / assets	0.1%	(Goodwill + intangible assets) / total assets.
Tangible book value	$158.4M	Shareholders' equity - goodwill - intangible assets.

Per share

Metric	Value	How it is calculated
EPS, diluted	-$0.17	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.
Operating cash flow per share	-$0.02	Cash from operations / diluted weighted shares.
Book value per share	$3.31	Shareholders' equity / shares outstanding (diluted weighted shares when not reported).
Tangible book per share	$3.30	Tangible book value / shares outstanding.
Cash per share	$0.62	(Cash + short-term investments) / shares outstanding.

Valuation

Metric	Value	How it is calculated
Market cap	$1.18B	Share price x shares outstanding.
Enterprise value	$1.15B	Market cap + total debt - cash - short-term investments.
P/B	7.42x	Market cap / shareholders' equity. Only when equity is positive.
Price / tangible book	7.44x	Market cap / tangible book value, when positive.
Earnings yield	-0.7%	Net income / market cap (the inverse of P/E).
Dividend yield	0.6%	Dividends paid over the period / market cap.
Shareholder yield	0.6%	(Dividends paid + share buybacks) / market cap.

Was Sachem Capital Corp. profitable in fiscal 2025?

Yes. Net income was $6.3M, a net margin of -.

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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