Filing Flows › Innovative Industrial Properties (IIPR) › Q2 2026 › vs Q2 2025
Innovative Industrial Properties (IIPR) Q2 2026 vs Q2 2025 (year over year)
Innovative Industrial Properties's revenue rose $424K (+0.7%) from $62.9M in Q2 2025 to $63.3M in Q2 2026. Operating margin 65.5% against 45.9% (+19.5 pts).
Innovative Industrial Properties, Q2 2026: revenue $63.3M (+0.7% year over year), operating margin 65.5%, net earnings $43.9M, operating cash flow $44.9M. The chart draws each line against Q2 2025, the increases inside each band.
Margins
| Q2 2026 | Q2 2025 | Change | |
|---|---|---|---|
| Operating margin | 65.5% | 45.9% | +19.5 pts |
| Net margin | 69.3% | 41.4% | +27.9 pts |
Every line
| Line | Q2 2026 | Q2 2025 | Change | % |
|---|---|---|---|---|
| Revenue | $63.3M | $62.9M | $424K | +0.7% |
| Other income, net | $2.4M | −$2.9M | $5.3M | — |
| Operating profit | $41.4M | $28.9M | $12.6M | +43% |
| Costs & expenses | $21.9M | $34.0M | −$12.1M | -36% |
| Pre-tax earnings | $43.9M | $26.0M | $17.8M | +69% |
| General & admin | $7.7M | $8.6M | −$907K | -11% |
| Other operating costs | $14.1M | $25.4M | −$11.2M | -44% |
| Net earnings | $43.9M | $26.0M | $17.8M | +69% |
| Depreciation & amortization | $18.8M | $18.5M | $299K | +2% |
| Share-based compensation | $2.8M | $2.7M | $154K | +6% |
| Working capital & other | $20.6M | −$1.3M | $21.8M | — |
| Operating cash flow | $44.9M | $48.4M | −$3.5M | -7% |
Questions
How much did Innovative Industrial Properties's revenue grow year over year in Q2 2026?
Innovative Industrial Properties's revenue rose $424K (+0.7%) from $62.9M in Q2 2025 to $63.3M in Q2 2026. Operating margin 65.5% against 45.9% (+19.5 pts).