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Sachem Capital Corp. logo

Sachem Capital Corp. Income Statement

Revenue, expenses, and profitability over time

Sachem Capital Corp. generated $45.0M in trailing twelve-month revenue, down 0.3% year-over-year. Net income was -$673.0K with a -1.5% net margin. Diluted EPS is $-0.10, which grew 0.9% year-over-year. Based on the Q3 2025 filing.

Total Revenue (TTM)$45.0MOperating Income (TTM)-$12.4MNet Income (TTM)-$673.0KEps Diluted (TTM)$-0.10
Latest FilingQ3 2025
Report Date2025-11-05
Market Cap$48.4M
ROE-0.39%

Operating Expenses

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Stock-Based Compensation Expense$213K$264K$164K$217K$195K$267K
Share-Based Compensation Expense$213K$264K$164K$217K$195K$267K
Compensation and benefits$1.8M$1.8M$1.8M$2.3M$1.7M$2.1M
Depreciation and amortization$91K$92K$142K$134K$157K$89K
General and administrative$2M$1.4M$1.3M$1.7M$2.1M$2M
Stock-based compensation expense$213K$264K$164K$217K$195K$267K
Other expenses$747K$145K$694K$447K$660K$245K
Other operating expenses$747K$145K$694K$447K$660K$245K
Provision for credit losses$9M$1.1M$925K$812K$492K$5.4M
Other Operating Income$3K$6K$12K$85K$39K$3K
Share-Based Compensation$213K$264K$164K$217K$195K$267K
Total operating expenses—$3.3M$9.7M$12.4M—$5.7M

Operating Income

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Other operating income$3K$6K$12K$85K$39K$3K
Other Operating Income$3K$6K$12K$85K$39K$3K

Net Income

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Net income applicable to common shareholders-$37.3M-$213K$769K-$120K$1.4M-$7.2M
Common Stock Dividends$2.3M$2.4M$2.4M$2.4M$2.4M$2.4M
Net earnings to common-$37.3M-$213K$769K-$120K$1.4M-$7.2M
Net Income Available to Common Shareholders-$37.3M-$213K$769K-$120K$1.4M-$7.2M
Net income-$36.1M$904K$1.9M$997K$2.5M-$6.1M
Preferred stock dividends$1.1M$1.1M$1.1M$1.1M$1.1M$1.1M
Net income attributable to common stock-$37.3M-$213K$769K-$120K$1.4M-$7.2M
Common Stock Dividends$2.3M$2.4M$2.4M$2.4M$2.4M$2.4M

Other Income & Expense

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Cash Paid for Interest$5.4M$5.8M$5.2M$6.1M$5.6M$5.6M
Equity Securities FV-NI Gain (Loss)$44.5K-$125K$391.5K$391.5K$391.5K-$140K
Gain (Loss) on Cenovus Energy Investment$44.5K-$125K$391.5K$391.5K$391.5K-$140K
Income from equity method investments—$110K$978K$1.1M—$105K
Gains (losses) on equity investments$44.5K-$125K$391.5K$391.5K$391.5K-$140K
Net investment gains (losses)—-$125K———-$140K
Net gains (losses) on equity securities$44.5K-$125K$391.5K$391.5K$391.5K-$140K
Realized Gain (Loss) on Equity Securities—-$125K$821K$1.4M—-$140K

Other

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Reclassifications Net of Tax-$37.3M-$213K$769K-$120K$1.4M-$7.2M
Interest Paid, Net$5.4M$5.8M$5.2M$6.1M$5.6M$5.6M
Amortization Of Financing Costs$596K$545K$556K$552K$549K$507K
Personnel$1.8M$1.8M$1.8M$2.3M$1.7M$2.1M
Dividends on preferred shares$1.1M$1.1M$1.1M$1.1M$1.1M$1.1M
Investment management and advisory fees$2.1M$1.4M$1.8M$2M$818K$1.3M
Change in valuation allowance related to loans held for sale-$4.9M$4K—-$33K—$0
Net gains/(losses) on sales of loans-$5.5M$30.3K$30.3K$30.3K$30.3K—
Gain (loss) on real estate dispositions, net$145K$0$131K-$312K$4M$196K
Accounts payable and other current liabilities$784K-$1.6M———$838K
Increase (Decrease) in Finance Receivables—$254K$2M$0$1.4M$855K
Increase (Decrease) in Other Receivables—-$133K$1.1M-$1.3M$1.1M-$176K
Interest And Amortization Of Debt Service Costs$6.5M$6.1M$6.1M$6.6M$6.6M$6.1M
Interest Income (Expense), after Provision for Loan Loss-$8.3M$2.7M———-$1.8M
Interest Income (Expense), Operating$5.1M$3.7M———$3.6M
Interest income from limited liability company investments$1.3M$1.9M———$858K
Interest Paid, Excluding Capitalized Interest, Operating Activity$5.4M$5.8M$5.2M$6.1M$5.6M$5.6M
Cash Provided by (Used in) Financing Activity, Including Discontinued Operation-$22.8M$410K$6M-$20.5M-$25M$16.3M
Cash Provided by (Used in) Investing Activity, Including Discontinued Operation$35.6M$5.7M-$8.4M$4.2M$27.8M-$16.5M
Cash Provided by (Used in) Operating Activity, Including Discontinued Operation$0$191K$501K$4.9M—$835K
Number Of Mortgage Properties2.00—2.001.001.001.00
Membership and other income$41K$72K$532K$527K$595K$143K
Payments of Ordinary Dividends, Common Stock$2.3M$2.4M$2.4M$2.4M$2.4M$2.4M
Payments of Ordinary Dividends, Preferred Stock and Preference Stock$1.1M$1.1M$1.1M$1.1M$1.1M$1.1M
Proceeds from revolver$28M$36.1M$0$22.7M$17M$20M
Proceeds From Sale Of Real Estate Heldforinvestment—$89K$1.5M$1.7M$4.2M$673K
Recovery of impairment loss on real estate—$0———$97K
Repayments of Lines of Credit$23.5M$40M$9.9M$16.2M$30.7M$10M
Stock-based compensation$213K$264K$164K$217K$195K$267K
Transaction Expenses—$0———$1.6M
Unfunded Commitments For Allowances Of Credit Losses————$669K$587K
Cash Dividends, Common Stock$2.3M$2.4M$2.4M$2.4M$2.4M$2.4M

Earnings Per Share

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Basic earnings per share$-0.79$0.00$0.02$0.00$0.03$-0.15
Diluted earnings per share$-0.79$0.00$0.02$0.00$0.03$-0.15
Weighted-average shares, basic47.4M46.8M46.9M46.9M46.9M47.2M
Weighted-average shares, diluted47.4M46.8M46.9M46.9M46.9M47.2M

Revenue

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Gain (loss) on sale of loans-$5.5M$30.3K$30.3K$30.3K$30.3K—
Net interest income$5.1M$3.7M———$3.6M
Net interest income after provision for credit losses-$8.3M$2.7M———-$1.8M
Total noninterest income$2.3M$1.5M———$1.4M
Interest Income from Operating Debt Securities$7.3M$7.9M$7.5M$8.3M$8.5M$8.8M
Membership and other income$41K$72K$532K$527K$595K$143K