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St. Joe Company JOE Club Membership — Deferred Revenue

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Other financials

Income statement

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Revenue$158.8M+23.0%
Gross profit$73.4M+32.6%
Operating income$54.8M+48.2%
Net income$40.5M+37.1%
EPS (diluted)$0.71+39.2%

Balance sheet

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Cash & equivalents$117.3M+33.1%
Total debt$2.2M-43.7%
Total equity$764.5M+3.5%
Total assets$1.5B-2.6%

Cash flow

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Operating cash flow$43.9M+41.4%
CapEx$977.0K-27.8%
Free cash flow$43.0M+44.6%

Valuation

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Market cap$3.84B+31.7%
Enterprise value$3.72B+31.5%
P/E31.2×-4.0×
P/S+0.2×

Profitability

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Gross margin44.1%+3.2pp
Operating margin30.2%+6.5pp
Net margin22.5%+3.1pp
FCF margin38.7%+12.7pp

Returns & leverage

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Return on equity16.4%+4.9pp
Debt / equity0.0×

Where this comes from

Reported directly by St. Joe Company in its filing.

Tagged under the XBRL concept us-gaap:ContractWithCustomerLiability.

The source filing: St. Joe Company’s 10-Q, filed July 29, 2026.

Filed
Jul 29, 2026, 4:17 PM EDT
Fiscal quarter
Q2 FY2026
Calendar quarter
Q2 2026
Accession
0001104659-26-088152

As of June 30, 2026 and December 31, 2025, deferred revenue includes club initiation fees of $47.5 million and $45.9 million, respectively, and other deferred revenue of $14.9 million and $12.8 million, respectively.

Item 1. Financial Statements (Unaudited)

FAQ

What is St. Joe Company's club membership — deferred revenue?
St. Joe Company (JOE) reported club membership — deferred revenue of $47.5M in Q2 2026.
How has St. Joe Company's club membership — deferred revenue changed year-over-year?
St. Joe Company's club membership — deferred revenue increased by 5.5% year-over-year, from $45.01M to $47.5M.
What is the long-term trend for St. Joe Company's club membership — deferred revenue?
Over 4 years (2021 to 2025), St. Joe Company's club membership — deferred revenue has grown at a 26.3% compound annual growth rate (CAGR), from $71.53M to $182.25M.
What does club membership — deferred revenue mean?
Represents the total obligation to provide future club-related services or benefits for which the company has already received payment from members. This liability reflects deferred revenue that will be recognized as performance obligations are satisfied over time. It serves as a key indicator of future revenue visibility and the scale of the prepaid membership base.

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