Millrose Properties, Inc.
Financial highlights
| Metric | FY 12/31/25 | FY 12/31/24 | FY 12/31/23 | FY 12/31/22 |
|---|---|---|---|---|
| Income Statement | ||||
| Revenue | $600.5M | — | — | — |
| Selling, general & administrative | $25.0M | $246.2M | $209.8M | — |
| Operating expenses | $114.4M | $246.2M | $209.8M | — |
| Operating income | $486.1M | -$246.2M | -$209.8M | — |
| Interest expense | $91.8M | — | — | — |
| Pretax income | $400.4M | -$246.2M | -$209.8M | — |
| Income tax expense | $20.5M | — | — | — |
| Net income | $379.9M | -$246.2M | -$209.8M | — |
| Balance Sheet | ||||
| Cash and equivalents | $35.0M | $0 | — | — |
| Total assets | $9.3B | $5.5B | — | — |
| Total liabilities | $3.4B | $306.9M | — | — |
| Total debt | $2.1B | $24.2M | — | — |
| Stockholders' equity | $5.9B | $5.2B | $4.5B | $3.8B |
| Cash Flow Statement | ||||
| Cash from operations | $3.7B | -$917.2M | -$865.1M | — |
| Stock-based compensation | $677,000 | $14.9M | $10.1M | — |
| Dividends paid | $298.8M | — | — | — |
Shares outstanding 166.0M · Free float 99.8%
Annual filing data through FY ended December 31, 2025; float as of June 27, 2026.