Filing Flows › Gladstone Land (LAND) › Q4 2024
Gladstone Land (LAND) Q4 2024 earnings results (fourth quarter 2024)
10-K filed Feb 19, 2025
Gladstone Land (LAND) reported revenue of $21.1M for the fourth quarter 2024 (Q4 2024), -14% from a year earlier and -7% from the quarter before. Operating margin was 2.6%, net earnings $540K (2.6% of revenue).
Gladstone Land, Q4 2024: revenue $21.1M (-14% year over year), operating margin 2.6%, net earnings $540K, operating cash flow $11.6M. The chart follows the revenue to costs, profit and cash.
| Q4 2024 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $21.1M | -7% | -14% |
| Operating profit | $540K | 90× | -70% |
| Net earnings | $540K | 90× | -70% |
| Operating cash flow | $11.6M | — | -34% |
| Free cash flow | $10.3M | — | -29% |
What changed
Revenue was $21.1M in Q4 2024, down 14% year over year and down 7% from the previous quarter.
Operating profit was $540K, a 2.6% margin (down 4.9 points year over year). Total costs fell 9% while revenue fell 14%. Net earnings were $540K, down 70% year over year. The effective tax rate was 0.0%.
Operating cash flow was $11.6M (down 34% year over year), 2145% of net earnings. Non-cash charges added back $8.6M of depreciation and amortization. Working capital and other items added $2.4M. Capital expenditures of $1.2M left free cash flow of $10.3M.
Questions
What was Gladstone Land's revenue in the fourth quarter 2024?
Gladstone Land (LAND) reported revenue of $21.1M for the fourth quarter 2024 (Q4 2024), -14% from a year earlier and -7% from the quarter before.
Was Gladstone Land profitable in the fourth quarter 2024?
Operating profit was $540K (2.6% of revenue) and net earnings $540K.
Source: Gladstone Land 10-K on SEC EDGAR.