ADC: financial statements from SEC — TradeAlmanac

ADC

Agree Realty Corporation: financial statements

Company reports as filed with the U.S. Securities and Exchange Commission.

AnnualQuarterly

Income statement

Metric	Mar 31, 2026	Sep 30, 2025	Jun 30, 2025	Mar 31, 2025	Sep 30, 2024	Jun 30, 2024
Revenue	201m	183m	176m	169m	154m	153m
Selling, general and administrative	11m	11m	11m	11m	9m	10m
Operating expenses	104m	97m	95m	91m	82m	78m
Operating income	99m	87m	82m	79m	74m	82m
Income tax	500,000	225,000	425,000	825,000	1m	1m
Net income	62m	52m	49m	47m	44m	55m
Earnings per share	0.50	0.45	0.43	0.42	0.42	0.53
Earnings per share, diluted	0.50	0.45	0.43	0.42	0.42	0.52
Weighted average shares	120m	111m	110m	107m	100m	100m
Weighted average shares, diluted	120m	112m	110m	108m	102m	100m

Balance sheet

Metric	Mar 31, 2026	Dec 31, 2025	Sep 30, 2025	Jun 30, 2025	Mar 31, 2025	Dec 31, 2024	Sep 30, 2024	Jun 30, 2024
Cash and equivalents	25m	16m	14m	6m	8m	6m	13m	24m
Receivables	130m	122m	118m

Cash flow

Metric	Mar 31, 2026	Sep 30, 2025	Jun 30, 2025	Mar 31, 2025	Sep 30, 2024	Jun 30, 2024
Operating cash flow	145m	—	—	127m	—	—
Depreciation and amortisation	67m	61m	59m	56m

Amounts in USD unless stated otherwise. Sources: Nasdaq Trader, Yahoo Finance, U.S. Securities and Exchange Commission (EDGAR)