What is Amrep's land development — operating income?

Amrep (AXR) reported land development — operating income of $2.85M in Q4 2025.

How has Amrep's land development — operating income changed year-over-year?

Amrep's land development — operating income increased by 442.5% year-over-year, from $525K to $2.85M.

What does land development — operating income mean?

Measures the profitability of the land development segment by subtracting operating expenses from segment revenue. It indicates the core operational performance of the land business before accounting for interest, taxes, and corporate-level financial activities.

Amrep AXR Land Development — Operating Income

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Other financials

Income statement

See full

Revenue$14.6M+93.8%

Operating income$3.0M+596%

Net income$3.1M+339%

EPS (diluted)$0.58+346%

Balance sheet

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Cash & equivalents$50.0M+35.4%

Total debt$42.0K-39.1%

Total equity$139.4M+10.6%

Total assets$143.9M+11.6%

Cash flow

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Operating cash flow$5.4M—

CapEx$19.0K-26.9%

Free cash flow$5.4M—

Valuation

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Market cap$137.09M+23.0%

P/E10.6×+1.8×

P/S2.6×+0.3×

Profitability

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Gross margin32.3%—

Operating margin26.1%+3.2pp

Net margin24.4%+2.1pp

FCF margin31.9%+15.5pp

Returns & leverage

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Return on equity9.7%-1.1pp

Debt / equity0×0.0×

Where this comes from

Reported directly by Amrep in its filing.

Tagged under the XBRL concept us-gaap:OperatingIncomeLoss.

The official record: Amrep’s 10-Q, filed March 12, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Amrep's land development — operating income?: Amrep (AXR) reported land development — operating income of $2.85M in Q4 2025.
How has Amrep's land development — operating income changed year-over-year?: Amrep's land development — operating income increased by 442.5% year-over-year, from $525K to $2.85M.
What does land development — operating income mean?: Measures the profitability of the land development segment by subtracting operating expenses from segment revenue. It indicates the core operational performance of the land business before accounting for interest, taxes, and corporate-level financial activities.