INNOVATIVE INDUSTRIAL PROPERTIES INC — Financial Data
Annual figures from SEC EDGAR XBRL filings (10-K)
These figures are extracted directly from XBRL-tagged financial statements that INNOVATIVE INDUSTRIAL PROPERTIES INC filed with the SEC as part of its annual 10-K reports. XBRL (eXtensible Business Reporting Language) is a structured data format the SEC requires for machine-readable financial disclosures. Values shown are as reported — negative figures indicate a loss and are shown in red.
Revenue
Total revenue from all business activities — the top line of the income statement. Represents all money earned before any expenses are deducted.
| Fiscal Year | Period End | Value | Filed |
|---|---|---|---|
| FY2025 | Dec 31, 2025 | $265.96M | Feb 24, 2026 |
| FY2025 | Dec 31, 2024 | $308.52M | Feb 24, 2026 |
| FY2025 | Dec 31, 2023 | $309.51M | Feb 24, 2026 |
| FY2024 | Dec 31, 2022 | $276.36M | Feb 21, 2025 |
| FY2023 | Dec 31, 2021 | $204.55M | Feb 27, 2024 |
| FY2020 | Dec 31, 2020 | $37.09M | Feb 26, 2021 |
| FY2020 | Sep 30, 2020 | $34.33M | Feb 26, 2021 |
| FY2020 | Jun 30, 2020 | $24.35M | Feb 26, 2021 |
| FY2020 | Mar 31, 2020 | $21.13M | Feb 26, 2021 |
| FY2020 | Dec 31, 2019 | $17.67M | Feb 26, 2021 |
Net Income
The bottom-line profit — what remains after all operating expenses, interest, taxes, and other costs are deducted. A negative value means the company reported a net loss for the year.
| Fiscal Year | Period End | Value | Filed |
|---|---|---|---|
| FY2025 | Dec 31, 2025 | $118.25M | Feb 24, 2026 |
| FY2025 | Dec 31, 2024 | $161.66M | Feb 24, 2026 |
| FY2025 | Dec 31, 2023 | $165.59M | Feb 24, 2026 |
| FY2024 | Dec 31, 2022 | $154.39M | Feb 21, 2025 |
| FY2023 | Dec 31, 2021 | $113.99M | Feb 27, 2024 |
| FY2020 | Dec 31, 2020 | $21.33M | Feb 26, 2021 |
| FY2020 | Sep 30, 2020 | $19.22M | Feb 26, 2021 |
| FY2020 | Jun 30, 2020 | $13.31M | Feb 26, 2021 |
| FY2020 | Mar 31, 2020 | $11.87M | Feb 26, 2021 |
| FY2020 | Dec 31, 2019 | $9.90M | Feb 26, 2021 |
Operating Income
Profit from core business operations before interest expense and income taxes (also known as EBIT). Excludes non-operating items, making it a cleaner measure of operational efficiency than net income.
| Fiscal Year | Period End | Value | Filed |
|---|---|---|---|
| FY2025 | Dec 31, 2025 | $124.12M | Feb 24, 2026 |
| FY2025 | Dec 31, 2024 | $168.35M | Feb 24, 2026 |
| FY2025 | Dec 31, 2023 | $174.59M | Feb 24, 2026 |
| FY2024 | Dec 31, 2022 | $169.62M | Feb 21, 2025 |
| FY2023 | Dec 31, 2021 | $135.37M | Feb 27, 2024 |
| FY2020 | Dec 31, 2020 | $22.86M | Feb 26, 2021 |
| FY2020 | Sep 30, 2020 | $20.42M | Feb 26, 2021 |
| FY2020 | Jun 30, 2020 | $14.18M | Feb 26, 2021 |
| FY2020 | Mar 31, 2020 | $12.28M | Feb 26, 2021 |
| FY2020 | Dec 31, 2019 | $10.60M | Feb 26, 2021 |
Operating Cash Flow
Cash generated from core business operations — a more reliable measure of financial health than net income because it strips out non-cash items like depreciation and one-time charges.
| Fiscal Year | Period End | Value | Filed |
|---|---|---|---|
| FY2025 | Dec 31, 2025 | $198.19M | Feb 24, 2026 |
| FY2025 | Dec 31, 2024 | $258.45M | Feb 24, 2026 |
| FY2025 | Dec 31, 2023 | $255.54M | Feb 24, 2026 |
| FY2024 | Dec 31, 2022 | $234.13M | Feb 21, 2025 |
| FY2023 | Dec 31, 2021 | $188.75M | Feb 27, 2024 |
| FY2022 | Dec 31, 2020 | $110.81M | Feb 28, 2023 |
| FY2021 | Dec 31, 2019 | $44.93M | Feb 24, 2022 |
| FY2020 | Dec 31, 2018 | $15.69M | Feb 26, 2021 |
| FY2019 | Dec 31, 2017 | $5.02M | Mar 2, 2020 |
| FY2017 | Dec 31, 2016 | $1.69M | Mar 29, 2018 |
Capital Expenditures (Capex)
Cash spent on acquiring or upgrading physical assets — property, equipment, and infrastructure. High capex businesses include manufacturing, telecom, and energy companies.
| Fiscal Year | Period End | Value | Filed |
|---|---|---|---|
| FY2017 | Aug 1, 2017 | $3.00M | Mar 29, 2018 |
Total Assets
The total value of everything the company owns or controls — cash, investments, receivables, property, equipment, and intangibles. Reported as of fiscal year end.
| Fiscal Year | Period End | Value | Filed |
|---|---|---|---|
| FY2025 | Dec 31, 2025 | $2.37B | Feb 24, 2026 |
| FY2025 | Dec 31, 2024 | $2.38B | Feb 24, 2026 |
| FY2024 | Dec 31, 2023 | $2.39B | Feb 21, 2025 |
| FY2023 | Dec 31, 2022 | $2.41B | Feb 27, 2024 |
| FY2022 | Dec 31, 2021 | $2.08B | Feb 28, 2023 |
| FY2021 | Dec 31, 2020 | $1.77B | Feb 24, 2022 |
| FY2020 | Dec 31, 2019 | $745.86M | Feb 26, 2021 |
| FY2019 | Dec 31, 2018 | $281.47M | Mar 2, 2020 |
| FY2018 | Dec 31, 2017 | $80.03M | Mar 14, 2019 |
| FY2017 | Dec 31, 2016 | $63.33M | Mar 29, 2018 |
Total Liabilities
All financial obligations owed to outside parties — including debt, accounts payable, accrued expenses, and deferred revenue. Subtracting liabilities from total assets gives stockholders' equity.
| Fiscal Year | Period End | Value | Filed |
|---|---|---|---|
| FY2025 | Dec 31, 2025 | $522.85M | Feb 24, 2026 |
| FY2025 | Dec 31, 2024 | $441.99M | Feb 24, 2026 |
| FY2024 | Dec 31, 2023 | $438.12M | Feb 21, 2025 |
| FY2023 | Dec 31, 2022 | $452.94M | Feb 27, 2024 |
| FY2022 | Dec 31, 2021 | $472.90M | Feb 28, 2023 |
| FY2021 | Dec 31, 2020 | $243.11M | Feb 24, 2022 |
| FY2020 | Dec 31, 2019 | $197.85M | Feb 26, 2021 |
| FY2019 | Dec 31, 2018 | $17.17M | Mar 2, 2020 |
| FY2018 | Dec 31, 2017 | $6.48M | Mar 14, 2019 |
| FY2017 | Dec 31, 2016 | $2.89M | Mar 29, 2018 |
Stockholders Equity
The net worth attributable to shareholders: total assets minus total liabilities. Also called book value. Can be negative if liabilities exceed assets, which is common in capital-intensive industries.
| Fiscal Year | Period End | Value | Filed |
|---|---|---|---|
| FY2025 | Dec 31, 2025 | $1.85B | Feb 24, 2026 |
| FY2025 | Dec 31, 2024 | $1.94B | Feb 24, 2026 |
| FY2025 | Dec 31, 2023 | $1.95B | Feb 24, 2026 |
| FY2025 | Dec 31, 2022 | $1.96B | Feb 24, 2026 |
| FY2024 | Dec 31, 2021 | $1.61B | Feb 21, 2025 |
| FY2023 | Dec 31, 2020 | $1.52B | Feb 27, 2024 |
| FY2022 | Dec 31, 2019 | $548.01M | Feb 28, 2023 |
| FY2021 | Dec 31, 2018 | $264.29M | Feb 24, 2022 |
| FY2020 | Dec 31, 2017 | $73.55M | Feb 26, 2021 |
| FY2019 | Dec 31, 2016 | $60.44M | Mar 2, 2020 |
Retained Earnings
Cumulative net income kept by the company rather than distributed as dividends. A growing retained earnings balance indicates consistent profitability; a deficit indicates cumulative losses.
| Fiscal Year | Period End | Value | Filed |
|---|---|---|---|
| FY2018 | Dec 31, 2018 | $0 | Mar 14, 2019 |
| FY2018 | Dec 31, 2017 | ($4.46M) | Mar 14, 2019 |
| FY2017 | Dec 31, 2016 | ($4.39M) | Mar 29, 2018 |
Cash & Equivalents
Highly liquid assets the company holds — cash on hand, bank balances, and short-term investments with maturities of three months or less. A key indicator of short-term financial health.
| Fiscal Year | Period End | Value | Filed |
|---|---|---|---|
| FY2025 | Dec 31, 2025 | $47.60M | Feb 24, 2026 |
| FY2025 | Dec 31, 2024 | $146.25M | Feb 24, 2026 |
| FY2024 | Dec 31, 2023 | $140.25M | Feb 21, 2025 |
| FY2023 | Dec 31, 2022 | $87.12M | Feb 27, 2024 |
| FY2022 | Dec 31, 2021 | $81.10M | Feb 28, 2023 |
| FY2021 | Dec 31, 2020 | $126.01M | Feb 24, 2022 |
| FY2020 | Dec 31, 2019 | $82.24M | Feb 26, 2021 |
| FY2019 | Dec 31, 2018 | $13.05M | Mar 2, 2020 |
| FY2018 | Dec 31, 2017 | $11.76M | Mar 14, 2019 |
| FY2018 | Dec 31, 2016 | $33.00M | Mar 14, 2019 |
Long-Term Debt
Debt obligations due more than one year from the balance sheet date — bonds, term loans, and notes payable. High long-term debt relative to equity can signal elevated financial leverage.
| Fiscal Year | Period End | Value | Filed |
|---|---|---|---|
| FY2025 | Dec 31, 2025 | $393.72M | Feb 24, 2026 |
| FY2020 | Dec 31, 2019 | $134.65M | Feb 26, 2021 |
EPS (Basic)
Net income divided by the weighted average shares outstanding. Basic EPS does not account for dilutive securities like options or convertible bonds — use diluted EPS for a more conservative view.
| Fiscal Year | Period End | Value | Filed |
|---|---|---|---|
| FY2025 | Dec 31, 2025 | 3 | Feb 24, 2026 |
| FY2025 | Dec 31, 2024 | 5 | Feb 24, 2026 |
| FY2025 | Dec 31, 2023 | 5 | Feb 24, 2026 |
| FY2024 | Dec 31, 2022 | 5 | Feb 21, 2025 |
| FY2023 | Dec 31, 2021 | 4 | Feb 27, 2024 |
| FY2020 | Dec 31, 2020 | 0 | Feb 26, 2021 |
| FY2020 | Sep 30, 2020 | 0 | Feb 26, 2021 |
| FY2020 | Jun 30, 2020 | 0 | Feb 26, 2021 |
| FY2020 | Mar 31, 2020 | 0 | Feb 26, 2021 |
| FY2020 | Dec 31, 2019 | 0 | Feb 26, 2021 |
EPS (Diluted)
Net income divided by the fully diluted share count — including all potential shares from options, warrants, and convertible instruments. The more conservative and widely cited EPS figure.
| Fiscal Year | Period End | Value | Filed |
|---|---|---|---|
| FY2025 | Dec 31, 2025 | 3 | Feb 24, 2026 |
| FY2025 | Dec 31, 2024 | 5 | Feb 24, 2026 |
| FY2025 | Dec 31, 2023 | 5 | Feb 24, 2026 |
| FY2024 | Dec 31, 2022 | 5 | Feb 21, 2025 |
| FY2023 | Dec 31, 2021 | 4 | Feb 27, 2024 |
| FY2020 | Dec 31, 2020 | 0 | Feb 26, 2021 |
| FY2020 | Sep 30, 2020 | 0 | Feb 26, 2021 |
| FY2020 | Jun 30, 2020 | 0 | Feb 26, 2021 |
| FY2020 | Mar 31, 2020 | 0 | Feb 26, 2021 |
| FY2020 | Dec 31, 2019 | 0 | Feb 26, 2021 |
Shares Outstanding
Total common shares issued and held by all shareholders, excluding treasury shares. Combined with market price gives market capitalization.
| Fiscal Year | Period End | Value | Filed |
|---|---|---|---|
| FY2025 | Dec 31, 2025 | 28.02M | Feb 24, 2026 |
| FY2025 | Dec 31, 2024 | 28.33M | Feb 24, 2026 |
| FY2024 | Dec 31, 2023 | 28.14M | Feb 21, 2025 |
| FY2023 | Dec 31, 2022 | 27.97M | Feb 27, 2024 |
| FY2022 | Dec 31, 2021 | 25.61M | Feb 28, 2023 |
| FY2021 | Dec 31, 2020 | 23.94M | Feb 24, 2022 |
| FY2020 | Dec 31, 2019 | 12.64M | Feb 26, 2021 |
| FY2019 | Dec 31, 2018 | 9.78M | Mar 2, 2020 |
| FY2018 | Dec 31, 2017 | 3.50M | Mar 14, 2019 |
| FY2017 | Dec 31, 2016 | 0 | Mar 29, 2018 |
Dividends Paid
Cash dividends distributed to common shareholders during the period. Shown as a positive value despite being a cash outflow in the SEC filing.
| Fiscal Year | Period End | Value | Filed |
|---|---|---|---|
| FY2025 | Dec 31, 2025 | $216.28M | Feb 24, 2026 |
| FY2025 | Dec 31, 2024 | $211.95M | Feb 24, 2026 |
| FY2025 | Dec 31, 2023 | $202.71M | Feb 24, 2026 |
| FY2023 | Oct 13, 2023 | $50.74M | Feb 27, 2024 |
| FY2023 | Jul 14, 2023 | $50.74M | Feb 27, 2024 |
| FY2023 | Apr 14, 2023 | $50.73M | Feb 27, 2024 |
| FY2023 | Jan 13, 2023 | $50.50M | Feb 27, 2024 |
| FY2024 | Dec 31, 2022 | $183.94M | Feb 21, 2025 |
| FY2023 | Oct 14, 2022 | $50.50M | Feb 27, 2024 |
| FY2023 | Jul 15, 2022 | $49.10M | Feb 27, 2024 |