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Lineage, Inc. LINE Warehouse lease revenues — Net revenues

Other product segments

Warehousing operations
$875M+2.3%
Transportation
$173M-12.6%
Food sales
$60M-1.6%
Redistribution revenues
$60M+1.7%
Managed services
$54M+100%
E-commerce and other
$42M-4.5%
Railcar lease revenues
$21M+16.7%
Other
$3M-40.0%

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Other financials

Income statement

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Revenue$1.4B+0.8%
Gross profit$425.0M-1.2%
Operating income$54.0M+135%
Net income-$29.0M-383%
EPS (diluted)-$0.13-333%

Balance sheet

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Cash & equivalents$58.0M-29.3%
Total debt$8.1B+5.1%
Total equity$7.9B-8.6%
Total assets$18.9B-2.8%

Cash flow

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Operating cash flow$311.0M+20.5%
CapEx$125.0M-23.3%
Free cash flow$186.0M+95.8%

Valuation

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Market cap$9.55B-6.0%
Enterprise value$17.63B-1.1%
P/S1.8×-0.1×

Profitability

See full
Gross margin32%-0.3pp
Operating margin3.6%+2.1pp
Net margin-3.3%-1.3pp
FCF margin4.5%+1.4pp

Returns & leverage

See full
Return on equity-2.1%-0.9pp
Debt / equity+0.1×
Current ratio0.8×-0.2×

Where this comes from

Reported directly by Lineage, Inc. in its filing.

Tagged under the XBRL concept us-gaap:Revenues.

The source filing: Lineage, Inc.’s 10-Q, filed August 5, 2026.

Filed
Aug 5, 2026, 7:07 AM EDT
Fiscal quarter
Q2 FY2026
Calendar quarter
Q2 2026
Accession
0001868159-26-000039
Line itemThree Months Ended June 30, 2026Three Months Ended June 30, 2025Six Months Ended June 30, 2026Six Months Ended June 30, 2025
Net revenues$1,361$1,350$2,658$2,642
Cost of operations9369201,8161,796
General and administrative expense138143279297
Depreciation expense182170359328
Amortization expense5554111108
Acquisition, transaction, and other expense37452
Restructuring, impairment, and (gain) loss on disposals(4)3(1)(18)
Total operating expense1,3071,3272,5682,563

Item 1. Financial Statements

FAQ

What is Lineage, Inc.'s warehouse lease revenues — net revenues?
Lineage, Inc. (LINE) reported warehouse lease revenues — net revenues of $73M in Q2 2026.
How has Lineage, Inc.'s warehouse lease revenues — net revenues changed year-over-year?
Lineage, Inc.'s warehouse lease revenues — net revenues decreased by 12.0% year-over-year, from $83M to $73M.
What is the long-term trend for Lineage, Inc.'s warehouse lease revenues — net revenues?
Over 3 years (2022 to 2025), Lineage, Inc.'s warehouse lease revenues — net revenues has grown at a 5.2% compound annual growth rate (CAGR), from $244M to $284M.
What does warehouse lease revenues — net revenues mean?
This metric represents the total net revenue generated specifically from leasing temperature-controlled warehouse space to third-party customers. It reflects the core income stream derived from providing physical storage capacity within the cold chain infrastructure, excluding ancillary service fees. This revenue stream is a primary indicator of the company's ability to monetize its real estate footprint and maintain high occupancy levels in its specialized storage facilities.

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