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Definitive Analysis

Financial Statements

Periods / Units / Analysis

Ticker

Industry

Sector

Page: Company Financials

Modiv Inc.

Ticker: MDV | Industry: REIT - Diversified | Sector: Real Estate
$15.07 -0.11 (-0.72%)
As of: 2026-01-23

Master Data Export


Enterprise Value

Metric MRQ MRQ-1 2025 2024 2023 2022 2021 2020 2019 2018 2017 2016 2015
Stock Price 14.64 14.08 14.92 15.53 13.20 14.36 62.76 62.76 62.76 62.76 62.76 62.76 62.76
Market Capitalization 149.30M 142.54M 150.64M 143.97M 99.79M 107.56M 469.34M 486.38M 314.02M 231.47M 124.98M 9.37M 1.26M
(-) Cash & Equivalents 8.26M 5.81M 6.75M 13.91M 7.99M 12.85M 31.04M 6.25M 8.50M 6.38M 5.27M 1.44M 0.13M
(+) Total Debt 0.00M 279.88M 186.58M 279.86M 267.03M 190.29M 189.20M 201.99M 140.60M 100.67M 44.94M 12.38M 0.00M
Enterprise Value 141.03M 416.60M 330.47M 409.92M 358.83M 285.01M 627.50M 682.12M 446.13M 325.76M 164.66M 20.31M 1.12M

Income Statement

Metric TTM TTM-1 2024-12-31 2023-12-31 2022-12-31 2021-12-31 2020-12-31 2019-12-31 2018-12-31 2017-12-31 2016-12-31 2015-12-31
Revenue 47M 47M 47M 47M 44M 38M 39M 25M 17M 7M 1M 0M
Cost of Revenue 3M 3M 4M 5M 7M 7M 7M 8M 13M 6M 1M 0M
Gross Profit 44M 44M 43M 42M 37M 31M 32M 17M 4M 2M 0M 0M
Gross Profit Margin 92.6% 92.8% 92.3% 89.1% 85.1% 81.8% 82.0% 67.0% 25.0% 23.4% -50.7% 0.0%
R&D Expenses 0M 0M 0M 0M 0M 0M 0M 0M 0M 0M 0M 0M
SG&A Expenses 8M 9M 8M 18M 10M 12M 10M 2M 0M 0M 0M 0M
Operating Expenses 28M 24M 21M 39M 32M 33M 10M 2M 8M 4M 1M 0M
Operating Income (EBIT) 16M 20M 22M 3M 5M -2M 22M 14M -4M -3M -2M 0M
Operating Income Margin 33.9% 43.1% 47.0% 5.5% 11.2% -4.0% 55.3% 57.4% -23.2% -35.8% -209.1% 0.0%
Interest Income 0M 0M 0M 0M 0M 0M 0M 0M 0M 0M 0M 0M
Interest Expense 13M 10M 19M 18M 8M 8M 0M 7M 6M 2M 0M 0M
Net Interest Income -13M -9M -19M -17M -8M -8M 0M -7M -6M -2M 0M 0M
Unusual Items -3M -8M 3M 6M -1M 9M -71M -11M 19M 8M 2M 0M
EBT Excluding Unusual Items 3M 11M 3M -15M -3M -9M 22M 7M -10M -4M -2M 0M
Pre-Tax Income 1M 3M 6M -9M -5M 0M -49M -4M 10M 4M 0M 0M
Pre-Tax Margin 1.9% 6.3% 13.9% -18.4% -10.3% -1.1% -126.2% -17.8% 56.4% 48.5% -25.5% 0.0%
Income Tax Expense 0M 0M 0M 0M 0M 0M 0M 0M 3M 0M -1M 0M
Net Income 1M 3M 6M -7M -3M 0M -49M -4M -2M -1M -1M 0M
Net Income Margin 3.0% 6.7% 12.9% -14.0% -7.5% -1.1% -126.2% -17.8% -13.1% -14.1% -150.6% 0.0%
Depreciation & Amortization 15M 16M 17M 16M 15M 15M 16M 9M 15M 7M 2M 0M
EBITDA 31M 37M 39M 18M 20M 14M 38M 24M 11M 4M 0M 0M
EBITDA Margin 65.7% 77.6% 82.5% 38.5% 45.3% 36.2% 97.0% 94.9% 60.9% 58.8% -23.2% 0.0%
NOPAT 16M 20M 22M 2M 4M -1M 17M 11M -3M -2M -1M 0M
NOPAT Margin 33.9% 43.1% 47.0% 4.4% 8.9% -3.2% 43.7% 45.3% -16.7% -31.7% -165.2% 0.0%
Owner's Earnings 17M 16M 23M 9M 12M 15M -33M -1M 8M 1M 0M 0M
Owner's Earnings Margin 34.8% 34.4% 48.4% 18.9% 26.6% 38.6% -86.0% -4.1% 45.6% 17.7% 35.3% 0.0%
EPS (Basic) -0.23 -0.14 0.25 -1.36 -0.93 -0.20 -6.14 -1.90 -0.57 -0.41 -1.55 -0.46
EPS (Diluted) 0.12 0.31 0.54 -0.88 -0.44 -0.06 -6.14 -0.67 -0.57 -0.41 -1.55 -0.46
Shares (Basic) 10M 9M 9M 8M 7M 8M 8M 7M 4M 3M 1M 0M
Shares (Diluted) 11M 10M 11M 8M 7M 8M 8M 7M 4M 3M 1M 0M

Balance Sheet

Metric MRQ MRQ-1 2024-12-31 2023-12-31 2022-12-31 2021-12-31 2020-12-31 2019-12-31 2018-12-31 2017-12-31 2016-12-31 2015-12-31
Cash & Cash Equivalents 8.26M 5.81M 11.53M 3.13M 8.61M 55.97M 8.25M 6.82M 8.76M 4.18M 3.68M 0.20M
Short-Term Investments 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M
Cash & Short-Term Investments 8.26M 5.81M 11.53M 3.13M 8.61M 55.97M 8.25M 6.82M 8.76M 4.18M 3.68M 0.20M
Net Receivables 0.00M 20.82M 18.46M 12.80M 9.14M 7.83M 8.49M 6.23M 3.66M 1.26M 0.11M 0.00M
Inventory 0.00M 0.00M 22.37M 11.66M 5.27M 32.30M 25.67M 0.00M -0.15M -0.01M -40.21M 0.00M
Other Current Assets 0.00M -20.82M 0.00M 0.00M 0.00M 2.44M 0.13M 0.11M 3.85M 2.12M 1.33M 0.00M
Total Current Assets 8.26M 5.81M 52.36M 27.59M 23.02M 98.54M 42.53M 13.16M 16.12M 7.56M -35.09M 0.20M
Property, Plant & Equipment 0.00M 0.00M 0.15M 1.35M 0.54M 0.00M 0.00M 2.39M 210.10M 128.09M 29.33M 0.00M
Goodwill 0.00M 0.00M 0.00M 0.00M 0.00M 17.32M 17.32M 50.59M 0.00M 0.00M 0.00M 0.00M
Intangible Assets 1.18M 1.20M 1.24M 1.31M 1.85M 0.69M 5.95M 8.95M 15.13M 7.83M 3.57M 0.00M
Long-Term Investments 0.00M 9.26M 9.32M 21.09M 10.01M 9.94M 10.00M 10.39M 14.28M 14.52M 3.52M 0.00M
Tax Assets 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 252.43M 157.07M 41.30M 0.00M
Other Non-Current Assets 0.00M -9.26M 444.75M 479.55M 419.01M 302.00M 331.65M 405.44M -252.43M -157.07M -41.30M 0.00M
Other Assets 490.12M 491.84M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M -144.18M -41.17M 0.00M
Total Non-Current Assets 491.31M 493.04M 455.47M 503.31M 431.41M 329.95M 364.92M 477.75M 239.51M 6.26M -4.74M 0.00M
Total Assets 499.57M 498.85M 507.83M 530.90M 454.43M 428.49M 407.45M 490.92M 255.63M 13.82M -39.83M 0.20M
Accounts Payable 0.00M 0.26M 0.37M 0.56M 1.00M 1.77M 1.14M 0.66M 0.23M 0.24M 0.08M 0.00M
Short-Term Debt 0.00M 0.28M 249.00M 248.51M 151.02M 8.02M 6.01M 12.96M 0.00M 0.00M 0.00M 0.00M
Tax Payables 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M
Deferred Revenue 0.00M 0.00M 2.03M 2.08M 1.87M 1.74M 2.03M 1.96M -262.46M -123.72M -25.69M 0.00M
Other Current Liabilities 0.00M 3.27M 3.53M 14.07M 4.34M 6.59M 8.18M 8.55M 12.58M 13.65M 10.32M 0.01M
Total Current Liabilities 0.00M 3.81M 254.93M 265.21M 158.22M 18.12M 17.36M 24.13M -249.65M -109.83M -15.29M 0.01M
Long-Term Debt 0.00M 279.59M 30.91M 31.22M 45.00M 176.06M 185.54M 196.93M 0.00M 0.00M 0.00M 0.00M
Capital Lease Obligations 0.00M 0.13M 0.13M 0.19M 0.56M 2.13M 0.01M 3.40M 0.00M 0.00M 0.00M 0.00M
Deferred Tax Liabilities 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 2.60M 1.58M 0.15M 0.00M
Other Non-Current Liabilities 0.00M 9.36M 7.95M 9.34M 10.17M 11.89M 14.31M 15.61M 0.00M 0.00M 0.00M 0.00M
Total Non-Current Liabilities 0.00M 289.08M 38.98M 40.75M 55.73M 190.08M 199.86M 215.94M 2.60M 1.58M 0.15M 0.00M
Total Liabilities 0.00M 292.90M 293.91M 305.96M 213.96M 208.20M 217.21M 240.07M -247.06M -108.24M -15.14M 0.01M
Preferred Stock 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M
Common Stock 0.01M 0.01M 0.01M 0.01M 0.01M 0.01M 7.37M 14.09M 0.01M 0.01M 0.00M 0.00M
Retained Earnings 0.00M -162.76M -154.07M -145.55M -117.94M -101.62M -92.01M -31.17M 109.09M 79.30M 22.43M -0.01M
Accumulated OCI 1.13M 1.37M 1.84M 2.66M 3.50M 0.00M 0.00M 0.00M 109.09M 79.30M 22.43M 0.00M
Minority Interest 39.99M 40.61M 23.90M 80.68M 81.28M 50.60M 50.60M 50.60M 125.55M 69.89M 13.74M 0.00M
Total Shareholders’ Equity 1.14M -161.38M -152.22M -142.88M -114.43M -101.61M -84.64M -17.08M 218.20M 158.60M 44.86M -0.01M
Total Equity 41.13M -120.77M -128.32M -62.21M -33.14M -51.01M -34.04M 33.53M 343.75M 228.49M 58.60M -0.01M
Total Liabilities & Equity 41.13M 172.13M 165.59M 243.76M 180.81M 157.19M 183.18M 273.60M 96.69M 120.25M 43.46M 0.00M
Tangible Assets 498.39M 497.65M 506.59M 529.58M 452.58M 410.48M 384.19M 431.38M 240.50M 5.99M -43.40M 0.20M
Tangible Equity 39.94M -121.97M -129.56M -63.52M -34.99M -69.02M -57.31M -26.01M 328.62M 220.66M 55.03M -0.01M
Tangible Book Value 39.94M -121.97M -129.56M -63.52M -34.99M -69.02M -57.31M -26.01M 328.62M 220.66M 55.03M -0.01M
Total Investments 494.83M 9.26M 9.32M 21.09M 10.01M 9.94M 10.00M 10.39M 14.28M 14.52M 3.52M 0.00M
Net Debt -8.26M 274.06M 268.38M 276.60M 187.41M 128.11M 183.29M 203.06M -8.76M -4.18M -3.68M -0.20M

Capital Metrics

Metric MRQ MRQ-1 2024-12-31 2023-12-31 2022-12-31 2021-12-31 2020-12-31 2019-12-31 2018-12-31 2017-12-31 2016-12-31 2015-12-31
Working Capital 8.3M 2.0M -202.6M -237.6M -135.2M 80.4M 25.2M -11.0M 0.1M -7.3M -5.5M 0.2M
Total Capital 164.8M 445.5M 470.1M 424.2M 355.8M 355.9M 331.2M 413.5M 252.8M 158.2M 42.4M 0.2M
Capital Employed 499.6M 495.0M 252.9M 265.7M 296.2M 410.4M 390.1M 466.8M 239.6M -1.0M -10.3M 0.2M
Invested Capital 156.6M 439.7M 458.5M 421.0M 347.2M 299.9M 322.9M 406.7M 244.0M 154.0M 38.7M 0.0M

Cash Flow Statement

Metric TTM TTM-1 2024-12-31 2023-12-31 2022-12-31 2021-12-31 2020-12-31 2019-12-31 2018-12-31 2017-12-31 2016-12-31 2015-12-31
Net Income 0.83M 2.16M 6.49M -8.70M -4.51M -0.44M -49.14M -4.42M -2.30M -1.04M -1.27M -0.01M
Depreciation & Amortization 15.82M 16.16M 15.75M 14.74M 13.92M 13.93M 16.22M 9.30M 7.09M 3.17M 0.51M 0.00M
Deferred Income Tax 0.00M 3.50M 0.00M 0.00M 0.00M 0.00M 41.86M 1.62M -1.37M -1.32M -0.52M 0.00M
Stock-Based Compensation 2.17M 2.90M 1.59M 11.17M 2.40M 2.74M 0.71M 0.37M 0.17M 0.16M 0.10M 0.00M
Change in Working Capital 0.46M -0.37M -0.07M -0.58M -0.31M -3.12M -3.57M -1.51M 0.31M 1.96M 0.37M 0.01M
Accounts Receivable 0.27M -0.05M 0.07M 0.39M 0.14M -2.75M 0.12M -0.95M -1.14M -0.14M -0.17M 0.00M
Inventory 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M
Accounts Payable -1.55M 0.27M -0.60M -0.90M -1.39M 0.98M -2.70M 1.77M 1.37M 1.32M 0.52M 0.00M
Other Working Capital 1.31M -0.58M 0.46M -0.06M 0.93M -1.35M -0.99M -2.34M 0.08M 0.77M 0.02M 0.01M
Other Non-Cash Items -2.75M -6.15M -5.52M -0.06M 5.15M -3.39M -0.50M -0.61M 13.52M 3.42M 0.79M 0.00M
Net Cash from Operating Activities 16.53M 18.20M 18.24M 16.58M 16.65M 9.73M 5.58M 4.75M 4.68M 2.36M -0.26M 0.00M
Capital Expenditures (PPE) 0.21M -3.22M 0.00M 0.00M 0.00M -0.20M -0.57M -5.90M -4.43M -4.62M 0.00M 0.00M
Acquisitions (Net) 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.02M 0.27M 0.00M 0.00M 0.00M 0.00M
Purchases of Investments 0.00M 0.00M 0.00M -0.81M 0.00M 0.00M -0.02M -3.49M -87.49M -111.04M -37.13M 0.00M
Sales / Maturities of Investments 2.24M 15.44M 0.65M 0.00M 0.08M 0.00M 7.54M 1.02M 0.00M 0.00M 0.00M 0.00M
Other Investing Activities -0.58M -4.94M 7.74M -92.79M -61.15M 22.03M 17.80M -21.50M -0.10M 0.03M -0.03M 0.00M
Net Cash from Investing Activities 1.88M 7.27M 8.40M -93.60M -61.06M 21.83M 24.78M -29.60M -92.02M -115.63M -37.16M 0.00M
Net Debt Issuance -0.37M -3.27M -0.28M 83.69M 14.48M -9.11M -16.13M 6.96M 59.53M 56.48M 7.27M 0.00M
Long-Term Debt Issuance -0.37M -3.27M -0.28M 83.69M 14.48M -9.11M -15.59M 8.22M 59.53M 56.48M 7.27M 0.00M
Short-Term Debt Issuance 0.00M 0.00M 0.00M -3.00M -5.02M 0.00M -0.54M -1.26M 0.00M 0.00M 0.00M 0.00M
Net Stock Issuance -0.41M -7.44M -3.82M -0.30M -4.05M 32.86M -17.58M 22.41M 34.04M 58.03M -0.08M 0.00M
Common Stock Issuance 7.20M 4.09M 7.71M 0.83M 0.11M 4.34M 10.91M 34.56M 42.72M 60.51M 23.60M 0.00M
Common Stock Repurchased 0.00M -11.53M -11.53M -1.13M -4.16M -19.08M -17.58M -12.15M -8.69M -2.47M -0.08M 0.00M
Preferred Stock Issuance -4.85M 0.00M 0.00M 0.00M 0.00M 47.61M -10.91M 0.00M 0.00M 0.00M 0.00M 0.00M
Net Dividends Paid -16.60M -13.58M -14.13M -11.84M -11.07M -3.47M -5.02M -4.02M -1.66M -0.73M -0.05M 0.00M
Common Dividends Paid -9.51M -10.82M -3.69M -8.16M -7.24M -3.47M -5.02M -4.02M -1.66M -0.73M -0.05M 0.00M
Preferred Dividends Paid -1.84M -2.77M -10.44M -3.69M -3.83M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M
Other Financing Activities 2.09M 0.00M 0.00M 0.00M -4.75M -1.80M 9.82M -2.32M 0.00M 0.00M 33.76M 0.30M
Net Cash from Financing Activities -15.29M -24.30M -18.24M 71.54M -5.38M 18.47M -28.91M 23.03M 91.91M 113.78M 40.89M 0.30M
Effect of FX on Cash 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M
Net Change in Cash 3.12M 1.18M 8.40M -5.48M -49.80M 50.03M 1.44M -1.82M 4.57M 0.51M 3.48M 0.30M
Cash at Beginning of Period 30.33M 46.05M 3.13M 8.61M 58.41M 8.38M 6.94M 8.76M 4.18M 3.68M 0.20M 0.00M
Cash at End of Period 33.46M 47.23M 11.53M 3.13M 8.61M 58.41M 8.38M 6.94M 8.76M 4.18M 3.68M 0.30M
Operating Cash Flow 16.53M 18.20M 18.24M 16.58M 16.65M 9.73M 5.58M 4.75M 4.68M 2.36M -0.26M 0.00M
Capital Expenditure 0.00M -3.22M 0.00M 0.00M 0.00M -0.20M -0.57M -5.90M -4.43M -4.62M 0.00M 0.00M
Free Cash Flow 16.53M 14.98M 18.24M 16.58M 16.65M 9.53M 5.01M -1.15M 0.25M -2.26M -0.26M 0.00M

Free Cash Flow

Metric TTM TTM-1 2024-12-31 2023-12-31 2022-12-31 2021-12-31 2020-12-31 2019-12-31 2018-12-31 2017-12-31 2016-12-31 2015-12-31
EBITDA 51.11M 51.05M 51.82M 39.81M 41.99M 33.82M 37.76M 23.52M 19.06M 8.68M 1.14M 0.00M
(-) Tax Adjustment 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 5.37M 0.98M 0.40M 0.00M
(-) Change In Working Capital 0.46M -0.37M -0.07M -0.58M -0.31M -3.12M -3.57M -1.51M 0.31M 1.96M 0.37M 0.01M
(-) Capital Expenditure 0.00M -3.22M 0.00M 0.00M 0.00M -0.20M -0.57M -5.90M -4.43M -4.62M 0.00M 0.00M
Unlevered Free Cash Flow 50.65M 48.20M 51.89M 40.39M 42.31M 36.74M 40.76M 19.13M 8.95M 1.12M 0.37M -0.01M
(-) Net Interest Income After Taxes -12.62M -9.45M -18.91M -17.18M -8.08M -7.56M 0.00M -7.32M -3.99M -1.45M -0.26M 0.00M
Net Debt Issuance -0.37M -3.27M -0.28M 83.69M 14.48M -9.11M -16.13M 6.96M 59.53M 56.48M 7.27M 0.00M
Levered Free Cash Flow 62.90M 54.37M 70.52M 141.25M 64.87M 35.19M 24.62M 33.41M 72.48M 59.05M 7.89M -0.01M