Filing Flows › Broadstone Net Lease (BNL) › How it makes money
How Broadstone Net Lease (BNL) makes money
Broadstone Net Lease (BNL) made $122M of revenue in the third quarter 2026 (Q3 2026), +7% from a year earlier. Of every dollar of revenue, 42¢ was left as operating profit, 22¢ was left as net earnings.
Drawing the Sankey…
Where each dollar of revenue goes
| Line | Q3 2026 | % of revenue |
|---|---|---|
| Revenue | $122M | 100.0% |
| Operating profit | $51.5M | 42.3% |
| Income tax | $256K | 0.2% |
| Net earnings | $27.1M | 22.3% |
| Operating cash flow | $87.6M | 71.9% |
| Free cash flow | $63.9M | 52.4% |
Revenue, quarter by quarter
| Quarter | Revenue | Y/Y |
|---|---|---|
| Q3 2026 | $122M | +7% |
| Q2 2026 | $122M | +8% |
| Q1 2026 | $121M | +12% |
| Q4 2025 | $118M | +6% |
| Q3 2025 | $114M | +5% |
| Q2 2025 | $113M | +7% |
| Q1 2025 | $109M | +3% |
From Broadstone Net Lease's 10-Q filed Oct 28, 2026 (on EDGAR).
Questions
How does Broadstone Net Lease make money?
Broadstone Net Lease (BNL) made $122M of revenue in the third quarter 2026 (Q3 2026), +7% from a year earlier. Of every dollar of revenue, 42¢ was left as operating profit, 22¢ was left as net earnings.
What is Broadstone Net Lease's profit margin?
Net earnings were $27.1M, 22.3% of revenue, in the third quarter 2026; the operating margin was 42.3%.
Updated Nov 8, 2026. Read automatically from SEC filings and public data; errors are possible. Not investment advice.