Agree Realty Corporation
ADCNYSEReal Estate● Active
$73.55
+$0.14(+0.18%)
Market Cap$8.8B
P/E Ratio—
52W High$82.08
52W Low$69.56
Agree Realty Corporation (ADC) · Income Statement
Annual, quarterly, or TTM views · SEC 10-K & 10-Q via FMP · adjust period and M/B/T below.
FMP · ADC · as of 2026-06-08
Financial statements
Revenue · Gross Profit · Net Income
| Breakdown | 2025-12 | 2024-12 | 2023-12 | 2022-12 | 2021-12 |
|---|---|---|---|---|---|
| Revenue | |||||
| Revenue | $0.72B | $0.62B | $0.54B | $0.43B | $0.34B |
| Cost of Revenue | $0.09B | $0.07B | $0.07B | $0.05B | $0.04B |
| Gross Profit | $0.63B | $0.54B | $0.47B | $0.38B | $0.30B |
| Gross Margin %(computed) | 87.73% | 87.87% | 87.59% | 87.84% | 87.90% |
| Operating Expenses | |||||
| R&D Expenses | $0.00B | $0.00B | $0.00B | $0.00B | $0.00B |
| G&A Expenses | $0.04B | $0.04B | $0.03B | $0.03B | $0.03B |
| Total Operating Expenses | $0.29B | $0.24B | $0.22B | $0.16B | $0.11B |
| Operating Income | $0.34B | $0.30B | $0.25B | $0.22B | $0.19B |
| Operating Margin %(computed) | 47.38% | 48.98% | 47.33% | 50.74% | 56.07% |
| Interest Income | $0.00B | $0.00B | $0.00B | $0.00B | $0.00B |
| Interest Expense | $0.13B | $0.11B | $0.08B | $0.06B | $0.05B |
| Income Before Tax | $0.21B | $0.19B | $0.17B | $0.16B | $0.13B |
| Income Tax Expense | $0.00B | $0.00B | $0.00B | $0.00B | $0.00B |
| Net Income | $0.20B | $0.19B | $0.17B | $0.15B | $0.12B |
| Net Margin %(computed) | 28.45% | 30.66% | 31.62% | 35.47% | 36.03% |
| Per Share & EBITDA | |||||
| EPS (Basic) | $1.77 | $1.79 | $1.70 | $1.84 | $1.79 |
| Wtd Avg Shares | 0.11B | 0.10B | 0.10B | 0.08B | 0.07B |
| EBITDA | $0.62B | $0.54B | $0.46B | $0.39B | $0.30B |
| EBITDA Margin %(computed) | 85.89% | 88.04% | 86.32% | 89.86% | 87.13% |
Data source: Financial Modeling Prep · Last updated: 2026-06-08 · USD · B
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About Agree Realty Corporation (ADC) Income Statement
Agree Realty Corporation (ADC) income statement data is sourced from SEC Form 10-K and 10-Q filings. For fiscal year 2025, ADC reported revenue of $0.72B, gross profit of $0.63B (gross margin 87.73%), and net income of $0.20B — a net profit margin of 28.45%.
Frequently asked questions
ADC · 4 questionsAgree Realty Corporation (ADC) reported revenue of $0.72B for 2025, up 16.4% year-over-year.
ADC revenueADC salesannual revenue YoYincome statement
· Source: FMP /stable/income-statement · SEC EDGAR Form 10-K & 10-Q · As of 2026-06-08