Filing Flows › Innovative Industrial Properties (IIPR) › Q3 2026 › vs Q2 2026
Innovative Industrial Properties (IIPR) Q3 2026 vs Q2 2026 (quarter over quarter)
Innovative Industrial Properties's revenue rose $1.6M (+3%) from $63.3M in Q2 2026 to $64.9M in Q3 2026. Operating margin 45.3% against 65.5% (-20.2 pts).
Innovative Industrial Properties, Q3 2026: revenue $64.9M (+0.4% year over year), operating margin 45.3%, net earnings $31.9M, operating cash flow $49.5M. The chart draws each line against Q2 2026, the increases inside each band.
Margins
| Q3 2026 | Q2 2026 | Change | |
|---|---|---|---|
| Operating margin | 45.3% | 65.5% | -20.2 pts |
| Net margin | 49.1% | 69.3% | -20.1 pts |
Every line
| Line | Q3 2026 | Q2 2026 | Change | % |
|---|---|---|---|---|
| Revenue | $64.9M | $63.3M | $1.6M | +3% |
| Other income, net | $2.5M | $2.4M | $107K | +4% |
| Operating profit | $29.4M | $41.4M | −$12.1M | -29% |
| Costs & expenses | $35.5M | $21.9M | $13.7M | +63% |
| Pre-tax earnings | $31.9M | $43.9M | −$12.0M | -27% |
| General & admin | $8.5M | $7.7M | $739K | +10% |
| Other operating costs | $27.1M | $14.1M | $12.9M | +91% |
| Net earnings | $31.9M | $43.9M | −$12.0M | -27% |
| Depreciation & amortization | $19.6M | $18.8M | $773K | +4% |
| Share-based compensation | $3.3M | $2.8M | $485K | +17% |
| Working capital & other | $5.3M | $20.6M | −$15.2M | -74% |
| Operating cash flow | $49.5M | $44.9M | $4.5M | +10% |
Questions
How much did Innovative Industrial Properties's revenue grow quarter over quarter in Q3 2026?
Innovative Industrial Properties's revenue rose $1.6M (+3%) from $63.3M in Q2 2026 to $64.9M in Q3 2026. Operating margin 45.3% against 65.5% (-20.2 pts).