Growth & profitability
- Revenue has declined 14.0% per year over the past 5 years.
Financial health
- Total debt ($20M) exceeds cash ($2M); net debt is $18M.
- Total debt has grown faster than revenue (-3.5% vs -14.0% per year).
PW Financials Power REIT
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 →
RevenueNet income
GrossOperatingNet
Free cash flow
CashTotal debt
OperatingInvestingFinancing
Key annual figures
| FY | Revenue | Net income | Gross M | Op M | FCF | Total debt | Cash |
|---|---|---|---|---|---|---|---|
| 2025 | $2M | -$2M | 0.0% | 0.0% | — | $20M | $2M |
| 2024 | $3M | -$25M | 0.0% | 0.0% | — | $38M | $2M |
| 2023 | $2M | -$14M | 0.0% | 1385.8% | -$3M | $37M | $2M |
| 2022 | $9M | -$14M | 0.0% | 287.6% | — | $39M | $3M |
| 2021 | $8M | $5M | 0.0% | 293.2% | — | $24M | $3M |
| 2020 | $4M | $2M | 0.0% | 531.3% | — | $24M | $6M |
| 2019 | $2M | $946894 | 0.0% | 1040.9% | — | $25M | $16M |
| 2018 | $2M | $838811 | 0.0% | 0.0% | — | $10M | $2M |
| 2017 | $2M | $718473 | 0.0% | 0.0% | — | $10M | $1M |
| 2016 | — | $247183 | — | — | — | $10M | $717104 |
| 2015 | — | -$450755 | — | — | — | $10M | $435870 |
| 2014 | — | -$2M | — | — | — | $8M | $654381 |
| 2013 | — | -$481477 | — | — | -$608270 | $2M | $78113 |
| 2012 | — | -$321739 | — | — | $2131 | $927000 | $365944 |
| 2011 | — | $637223 | — | — | — | — | $981875 |
RevenueNet income
GrossOperatingNet
Free cash flow
CashTotal debt
OperatingInvestingFinancing
Key quarterly figures
| Quarter | Revenue | Net income | Gross M | Op M | FCF | Total debt | Cash |
|---|---|---|---|---|---|---|---|
| Mar '26 | $480436 | -$893272 | 0.0% | 0.0% | — | $20M | $2M |
| Dec '25 | $506096 | -$1M | 0.0% | 0.0% | — | $20M | $2M |
| Sep '25 | $513110 | $223551 | 0.0% | 0.0% | — | $21M | $2M |
| Jun '25 | $506783 | $320913 | 0.0% | 0.0% | — | $21M | $1M |
| Mar '25 | $485794 | -$1M | 0.0% | 0.0% | — | $39M | $2M |
| Dec '24 | $569802 | -$3M | 0.0% | 0.0% | — | $38M | $2M |
| Sep '24 | $1M | -$325015 | 0.0% | 0.0% | — | $38M | $2M |
| Jun '24 | $519349 | -$19M | 0.0% | 0.0% | — | $37M | $2M |
| Mar '24 | $534612 | -$2M | 0.0% | 0.0% | — | $36M | $3M |
| Dec '23 | -$679827 | $12M | 0.0% | 0.0% | -$616653 | $37M | $2M |
| Sep '23 | $488531 | -$10M | 0.0% | 0.0% | — | $38M | $3M |
| Jun '23 | $217898 | -$2M | 0.0% | 0.0% | — | $39M | $3M |
| Mar '23 | $1M | -$339046 | 0.0% | 0.0% | — | $39M | $4M |
| Dec '22 | $2M | -$17M | 0.0% | 0.0% | — | $39M | $3M |
| Sep '22 | $2M | $582970 | 0.0% | 0.0% | — | $39M | $4M |
| Jun '22 | $2M | $944928 | 0.0% | 0.0% | — | $35M | $1M |
| Mar '22 | $2M | $997880 | 0.0% | 0.0% | — | $35M | $2M |
| Dec '21 | $2M | $670656 | 0.0% | 0.0% | — | $24M | $3M |
| Sep '21 | $3M | $2M | 0.0% | 0.0% | — | $24M | $9M |
| Jun '21 | $2M | $2M | 0.0% | 0.0% | — | $24M | $29M |
Valuation over time
How the market has priced PW 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-sales ratio has risen from 1.6× (Mar '23) to 17.0× (Jun '26).
P/S
Frequently asked questions
Is PW growing its revenue and profit?
Over the past 5 years, Power REIT's revenue has declined 14.0% per year. These are computed facts, not advice.
How much debt does PW have?
As of FY2025, Power REIT reported $20M of total debt against $2M of cash.
What is PW's profit margin?
In FY2025, gross margin was —, operating margin —, and net margin -109.1%.
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.