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How Amrep (AXR) makes money

Amrep (AXR) made $6.1M of revenue in the first quarter fiscal 2027 (Q1 FY27), -66% from a year earlier. Home sale brought in $4.9M (81%); Other brought in $997K (16%); Land sale brought in $173K (3%).

Drawing the Sankey…

Amrep revenue by segment, Q1 FY27Amrep revenue by segment, Q1 FY27Home sale$4.9MOther$997KLand sale$173K
Amrep: revenue by line, Q3 FY25 to Q1 FY27Amrep: revenue by line, Q3 FY25 to Q1 FY27Home saleLand saleOtherOther RevenuesHome sale: $4.9M latest$4.9MLand sale: $173K latestOther: $997K latestOther Revenues: $0 latestQ3 FY25Q1 FY26Q2 FY26Q3 FY26Q4 FY26Q1 FY27
Land sale went from 39% of revenue in Q3 FY25 to 3% in Q1 FY27, the largest shift in the mix.
Amrep revenue by quarterAmrep revenue by quarter$7.5MQ3 FY25$11.2MQ4 FY25$17.9MQ1 FY26$9.4MQ2 FY26$14.6MQ3 FY26$11.0MQ4 FY26$6.1MQ1 FY27
Amrep: where each dollar of revenue goesAmrep: where each dollar of revenue goesIncome tax0¢

Revenue by segment, Q1 FY27

SegmentRevenueShareQ/QY/Y
Home sale$4.9M80.7%-19%-49%
Other$997K16.5%-4%+27%
  ↳ Landscaping revenues$711K11.8%+7%+31%
  ↳ Miscellaneous other revenues$286K4.7%-23%+16%
Land sale$173K2.9%-96%-98%

Where each dollar of revenue goes

LineQ1 FY27% of revenue
Revenue$6.1M100.0%
Income tax$9K0.1%

Revenue, quarter by quarter

QuarterRevenueY/Y
Q1 FY27$6.1M-66%
Q4 FY26$11.0M-1%
Q3 FY26$14.6M+94%
Q2 FY26$9.4M-21%
Q1 FY26$17.9M-6%
Q4 FY25$11.2M-43%
Q3 FY25$7.5M-41%

From Amrep's 10-Q filed Sep 11, 2026 (on EDGAR).

Questions

How does Amrep make money?

Amrep (AXR) made $6.1M of revenue in the first quarter fiscal 2027 (Q1 FY27), -66% from a year earlier. Home sale brought in $4.9M (81%); Other brought in $997K (16%); Land sale brought in $173K (3%).

What is Amrep's biggest business?

Home sale: $4.9M in the first quarter fiscal 2027, 81% of revenue, -49% from a year earlier.

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Updated Nov 8, 2026. Read automatically from SEC filings and public data; errors are possible. Not investment advice.