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Discontinued — last reported Q2 '26

Net debt at other companies

Cloudflare, Inc. logo
Cloudflare, Inc.NET
-5×-5.4×
Zscaler logo
ZscalerZS
19.2×+12.3×
Citigroup logo
CitigroupC
0.1×-0.3×
Morgan Stanley logo
Morgan StanleyMS
-0.2×
Wells Fargo & Company logo
Wells Fargo & CompanyWFC
0.6×-1.3×
American Express logo
American ExpressAXP
0.3×+0.3×

Other financials

Income statement

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Revenue$112.5M-10.0%
Operating income$54.7M+29.4%
Net income$3.5M+114%
EPS (diluted)-$0.04+75.0%

Balance sheet

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Cash & equivalents$153.6M+6.1%
Total debt$40.0M-5.2%
Total equity$1.5B-17.6%
Total assets$4.1B-18.4%

Cash flow

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Operating cash flow$67.1M+29.0%
CapEx$1.8M-81.5%
Free cash flow$65.3M+54.7%

Valuation

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Market cap$1.91B+25.1%
Enterprise value$1.8B+26.2%
P/S4.2×+1.3×

Profitability

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Gross margin89.4%
Operating margin39.6%+24.0pp
Net margin-54.3%+193pp
FCF margin43.8%+6.0pp

Returns & leverage

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Return on equity-14.1%-263pp
Debt / equity0.0×

Where this comes from

Calculated from Global Net Lease’s reported figures.

The source filing: Global Net Lease’s 10-Q, filed August 5, 2026. Open the filing →

Filed
Aug 5, 2026, 4:23 PM EDT
Fiscal quarter
Q2 FY2026
Calendar quarter
Q2 2026
Accession
0001628280-26-053396

FAQ

What is Global Net Lease's net debt?
Global Net Lease (GNL) reported net debt of -$113.6M in Q2 2026.
How has Global Net Lease's net debt changed year-over-year?
Global Net Lease's net debt decreased by 10.8% year-over-year, from -$102.57M to -$113.6M.
What is the long-term trend for Global Net Lease's net debt?
Over 5 years (2020 to 2025), Global Net Lease's net debt has grown at a 7.0% compound annual growth rate (CAGR), from -$98.9M to -$138.69M.
What does net debt mean?
Total debt minus cash and equivalents at the quarter end. The debt that would remain if the company used all its cash to pay down borrowings.

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