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GOOD Financials Gladstone Commercial Corp

15 years of revenue, profit, cash flow and balance-sheet history through FY2025, from SEC filings — with a computed, factual read of the trend. Updated Overview →

Growth & profitability

  • Revenue has grown 3.9% per year over the past 5 years.
  • Net income has grown faster than revenue (5.2% vs 3.9% per year).

Financial health

  • Total debt ($843M) exceeds cash ($11M); net debt is $833M.
  • Total debt has grown in line with revenue (4.7% vs 3.9% per year).

Shareholder returns

  • Dividends have been paid for 15 consecutive years, consuming 353.5% of earnings.
  • The dividend has grown 1.3% per year over the past 5 years.
Revenue & net income
-$6M $78M $161M $0 2011 2013 2015 2017 2019 2021 2023 2025
RevenueNet income
Margins (gross / operating / net)
0% 8% 16% 2011 2013 2015 2017 2019 2021 2023 2025
GrossOperatingNet
Free cash flow (CFO − capex)
$0 $1 $1 2011 2013 2015 2017 2019 2021 2023 2025
Free cash flow
Cash vs total debt
$0 $422M $843M 2011 2013 2015 2017 2019 2021 2023 2025
CashTotal debt
Cash flow: operating / investing / financing
-$221M -$43M $135M $0 2011 2013 2015 2017 2019 2021 2023 2025
OperatingInvestingFinancing

Key annual figures

FYRevenueNet incomeGross MOp MFCFTotal debtCash
2025 $161M $19M 0.0% 0.0% $843M $11M
2024 $149M $24M 0.0% 0.0% $693M $11M
2023 $148M $5M 0.0% 0.0% $739M $12M
2022 $149M $11M 0.0% 0.0% $749M $12M
2021 $138M $11M 0.0% 0.0% $708M $8M
2020 $133M $15M 0.0% 0.0% $669M $11M
2019 $114M $10M 0.0% 0.0% $627M $7M
2018 $107M $12M 0.0% 0.0% $566M $7M
2017 $95M $6M 0.0% 0.0% $543M $7M
2016 $86M $4M 0.0% 0.0% $509M $5M
2015 $4M $5M
2014 -$6M $503M $9M
2013 $2M $447M $9M
2012 $4M $384M $6M
2011 $6M $304M $3M

Valuation over time

How the market has priced GOOD against its own fundamentals since 2023-03 — each month-end's share price set against the most recent annual filing, so the multiple moves as price runs ahead of (or behind) earnings. Split-adjusted.

Price / earnings (P/E)
0.0 85.5 171.1 Mar '23 Aug '23 Jan '24 Jun '24 Nov '24 Apr '25 Sep '25 Feb '26
P/E
Price / sales (P/S)
0.0 2.9 5.8 Mar '23 Aug '23 Jan '24 Jun '24 Nov '24 Apr '25 Sep '25 Feb '26
P/S
Dividend yield (%)
0.0 6.6 13.2 Mar '23 Aug '23 Jan '24 Jun '24 Nov '24 Apr '25 Sep '25 Feb '26
Dividend yield %

Frequently asked questions

Is GOOD growing its revenue and profit?

Over the past 5 years, Gladstone Commercial Corp's revenue has grown 3.9% per year, and net income grown 5.2% per year. These are computed facts, not advice.

How much debt does GOOD have?

As of FY2025, Gladstone Commercial Corp reported $843M of total debt against $11M of cash.

What is GOOD's profit margin?

In FY2025, gross margin was —, operating margin —, and net margin 12.0%.

What is GOOD's P/E ratio?

As of Jun '26, Gladstone Commercial Corp traded at a price-to-earnings ratio of about 30.4× (market cap ÷ latest annual net income). The valuation charts above show how its P/E, P/S and dividend yield have moved with the share price. These are computed facts, not advice.

Where does this data come from?

All figures are extracted from the company’s SEC EDGAR/XBRL filings — 10-K annual reports and 10-Q quarterly reports (use the Annual / Quarterly toggle). Quarterly figures are derived from the as-filed statements (year-to-date amounts are differenced into discrete quarters). Growth rates and ratios are computed by tradmap; nothing here is investment advice.

Source: SEC EDGAR / XBRL (10-K + 10-Q filings) · prices EOD (Databento), corporate-action-adjusted · growth rates, valuation multiples & ratios computed by tradmap. Valuation uses each month-end price against the latest annual filing. Informational only — not investment advice.