10 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 →
| FY | Revenue | Net income | Gross M | Op M | FCF | Total debt | Cash |
|---|---|---|---|---|---|---|---|
| 2025 | $46M | $1M | 0.0% | 34.1% | — | $261M | $14M |
| 2024 | $47M | $6M | 0.0% | 47.0% | — | $280M | $12M |
| 2023 | $47M | -$7M | 0.0% | 5.5% | — | $280M | $3M |
| 2022 | — | -$3M | — | — | — | $195M | $9M |
| 2021 | — | -$435505 | — | — | — | $160M | $56M |
| 2020 | — | -$49M | — | — | — | $182M | $8M |
| 2019 | — | -$4M | — | — | — | $206M | $7M |
| 2018 | $18M | -$2M | 0.0% | 0.0% | — | $123M | $5M |
| 2017 | $7M | -$868484 | 0.0% | 0.0% | — | $72M | $3M |
| 2016 | $861744 | -$1M | 0.0% | 0.0% | — | $17M | $3M |
| Quarter | Revenue | Net income | Gross M | Op M | FCF | Total debt | Cash |
|---|---|---|---|---|---|---|---|
| Mar '26 | $12M | -$87000 | 0.0% | 35.9% | — | $273M | $4M |
| Dec '25 | $11M | $1M | 0.0% | 45.8% | — | $261M | $14M |
| Sep '25 | $12M | $1M | 0.0% | 41.4% | — | $280M | $8M |
| Jun '25 | $12M | -$2M | 0.0% | 9.8% | — | $280M | $6M |
| Mar '25 | $12M | $829000 | 0.0% | 40.2% | — | $280M | $6M |
| Dec '24 | $12M | $2M | 0.0% | 45.4% | — | $280M | $12M |
| Sep '24 | $12M | -$587000 | 0.0% | 42.0% | — | $280M | $7M |
| Jun '24 | $11M | $1M | 0.0% | 44.6% | — | $280M | $19M |
| Mar '24 | $12M | $4M | 0.0% | 55.6% | — | $280M | $18M |
| Dec '23 | $12M | -$1M | 0.0% | 31.0% | — | $280M | $3M |
| Sep '23 | $13M | -$6M | 0.0% | -37.5% | — | $283M | $6M |
| Jun '23 | $12M | $4M | 0.0% | 35.0% | — | $293M | $10M |
| Mar '23 | $10M | -$4M | 0.0% | -6.5% | — | $212M | $13M |
| Dec '22 | — | $763243 | — | — | — | $195M | $9M |
| Sep '22 | — | $4M | — | — | — | $200M | $6M |
| Jun '22 | — | $2M | — | — | — | $200M | $12M |
| Mar '22 | — | -$10M | — | — | — | $163M | $25M |
| Dec '21 | — | -$2M | — | — | — | $160M | $56M |
| Sep '21 | — | $4M | — | — | — | $181M | $52M |
| Jun '21 | — | -$1M | — | — | — | $184M | $8M |
How the market has priced MDV 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.
Over the past 5 years, MODIV INDUSTRIAL, INC.'s revenue has declined 0.9% per year. These are computed facts, not advice.
As of FY2025, MODIV INDUSTRIAL, INC. reported $261M of total debt against $14M of cash; operating income covered interest expense 0.9×.
In FY2025, gross margin was —, operating margin 34.1%, and net margin 2.3%.
As of Jun '26, MODIV INDUSTRIAL, INC. traded at a price-to-earnings ratio of about 169.9× (market cap ÷ latest annual net income). The valuation charts above show how its P/E, P/S have moved with the share price. These are computed facts, not advice.
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.