MODIV INDUSTRIAL, INC.
Financial highlights
| Metric | FY 12/31/25 | FY 12/31/24 | FY 12/31/23 | FY 12/31/22 | FY 12/31/21 |
|---|---|---|---|---|---|
| Income Statement | |||||
| Revenue | $46.4M | $46.8M | $47.2M | $46.2M | $37.9M |
| Operating income | $15.8M | $22.0M | $2.6M | $4.9M | -$1.5M |
| Interest expense | $16.9M | $16.2M | $13.8M | $8.1M | $7.6M |
| Net income | $1.1M | $6.0M | -$6.6M | -$3.3M | -$435,505 |
| Balance Sheet | |||||
| Cash and equivalents | $14.4M | $11.5M | $3.1M | $8.6M | $56.0M |
| Total assets | $476.5M | $507.8M | $530.9M | $454.4M | $428.5M |
| Total liabilities | $274.4M | $293.8M | $305.8M | $213.4M | $206.1M |
| Total debt | $262.1M | $280.9M | $281.2M | $197.5M | $161.0M |
| Stockholders' equity | $162.7M | $190.1M | $144.4M | $159.8M | $171.8M |
| Cash Flow Statement | |||||
| Cash from operations | $15.0M | $18.2M | $16.6M | $16.6M | $9.7M |
| Depreciation and amortization | $15.1M | $16.6M | $15.6M | $14.9M | $15.3M |
| Stock-based compensation | $2.9M | $1.6M | $11.2M | $2.4M | $2.7M |
| Capital expenditure | — | — | — | $522,845 | $0 |
| Free cash flow | — | — | — | $16.1M | $9.7M |
| Dividends paid | — | — | — | — | $732,965 |
| Share repurchases | $0 | $11.5M | $1.1M | $4.2M | $19.1M |
| Impairments | — | — | $0 | $17.3M | $0 |
Shares outstanding 10.3M · Free float 79.5%
Annual filing data through FY ended December 31, 2025; float as of July 14, 2026.