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
RevenueNet income
Margins (gross / operating / net)
GrossOperatingNet
Free cash flow (CFO − capex)
Free cash flow
Cash vs total debt
CashTotal debt
Cash flow: operating / investing / financing
OperatingInvestingFinancing
Key annual figures
FY
Revenue
Net income
Gross M
Op M
FCF
Total debt
Cash
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
Revenue & net income
RevenueNet income
Margins (gross / operating / net)
GrossOperatingNet
Free cash flow (CFO − capex, quarterly)
Free cash flow
Cash vs total debt
CashTotal debt
Cash flow: operating / investing / financing
OperatingInvestingFinancing
Key quarterly figures
Quarter
Revenue
Net income
Gross M
Op M
FCF
Total debt
Cash
Mar '26
$42M
$7M
0.0%
0.0%
—
$836M
$8M
Dec '25
$43M
$5M
0.0%
0.0%
—
$843M
$11M
Sep '25
$41M
$4M
0.0%
0.0%
—
$843M
$18M
Jun '25
$40M
$5M
0.0%
0.0%
—
$794M
$12M
Mar '25
$38M
$5M
0.0%
0.0%
—
$741M
$10M
Dec '24
$37M
$7M
0.0%
0.0%
—
$693M
$11M
Sep '24
$39M
$12M
0.0%
0.0%
—
$693M
$11M
Jun '24
$37M
$2M
0.0%
0.0%
—
$723M
$10M
Mar '24
$36M
$4M
0.0%
0.0%
—
$719M
$10M
Dec '23
$36M
$5M
0.0%
0.0%
—
$739M
$12M
Sep '23
$36M
$2M
0.0%
0.0%
—
$749M
$18M
Jun '23
$39M
-$5M
0.0%
0.0%
—
$754M
$16M
Mar '23
$37M
$3M
0.0%
0.0%
—
$748M
$14M
Dec '22
$37M
$3M
0.0%
0.0%
—
$749M
$12M
Sep '22
$40M
$3M
0.0%
0.0%
—
$742M
$14M
Jun '22
$36M
$2M
0.0%
0.0%
—
$734M
$11M
Mar '22
$36M
$3M
0.0%
0.0%
—
$705M
$10M
Dec '21
$35M
$3M
0.0%
0.0%
—
$708M
$8M
Sep '21
$34M
$5M
0.0%
0.0%
—
$674M
$10M
Jun '21
$33M
$2M
0.0%
0.0%
—
$660M
$15M
Valuation over time
How the market has priced GOODN 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.
The price-to-earnings ratio has fallen from 83.7× (Mar '23) to 54.2× (Jun '26).
The price-to-sales ratio has risen from 6.1× (Mar '23) to 6.5× (Jun '26).
The dividend yield has fallen from 7.9% (Mar '23) to 6.5% (Jun '26).
Price / earnings (P/E)
P/E
Price / sales (P/S)
P/S
Dividend yield (%)
Dividend yield %
Frequently asked questions
Is GOODN 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 GOODN have?
As of FY2025, GLADSTONE COMMERCIAL CORP reported $843M of total debt against $11M of cash.
What is GOODN's profit margin?
In FY2025, gross margin was —, operating margin —, and net margin 12.0%.
What is GOODN's P/E ratio?
As of Jun '26, GLADSTONE COMMERCIAL CORP traded at a price-to-earnings ratio of about 54.2× (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.