Millrose Properties, Inc.MRPEarnings & Financial Report
Millrose Properties, Inc. is a U.S.-based real estate enterprise primarily focused on the acquisition, ownership, operation, and management of income-generating multi-family residential assets. Its core markets span the U.S. Mid-Atlantic and Southeast regions, and it also offers professional property management services to select third-party property owners.
MRP Q1 FY2026 Key Financial Metrics
Revenue
$194.9M
Gross Profit
N/A
Operating Profit
$166.1M
Net Profit
$122.9M
Gross Margin
N/A
Operating Margin
85.2%
Net Margin
63.0%
YoY Growth
135.7%
EPS
$0.74
Millrose Properties, Inc. Q1 FY2026 Financial Summary
Millrose Properties, Inc. reported revenue of $194.9M (up 135.7% YoY) for Q1 FY2026, with a net profit of $122.9M (up 208.7% YoY) (63.0% margin).
Key Financial Metrics
| Total Revenue | $194.9M |
|---|---|
| Net Profit | $122.9M |
| Gross Margin | N/A |
| Operating Margin | 85.2% |
| Report Period | Q1 FY2026 |
Revenue Breakdown
Millrose Properties, Inc. Q1 FY2026 revenue of $194.9M breaks down across 2 segments, led by Option fee revenues at $185.3M (95.1% of total).
| Segment | Revenue | % of Total |
|---|---|---|
| Option fee revenues | $185.3M | 95.1% |
| Development loan income | $9.6M | 4.9% |
Millrose Properties, Inc. Annual Revenue by Year
Millrose Properties, Inc. annual revenue history includes year-by-year totals (for example, 2025 revenue was $600.5M).
Millrose Properties, Inc. Quarterly Revenue & Net Profit History
Millrose Properties, Inc. results over the last 5 reported quarters, including revenue, net profit and year-over-year growth.
| Quarter | Revenue | Revenue YoY | Net Profit | Net Margin |
|---|---|---|---|---|
| Q1 FY2026 | $194.9M | +135.7% | $122.9M | 63.0% |
| Q4 FY2025 | $189.5M | — | $122.2M | 64.5% |
| Q3 FY2025 | $179.3M | — | $105.1M | 58.6% |
| Q2 FY2025 | $149.0M | — | $112.8M | 75.7% |
| Q1 FY2025 | $82.7M | — | $39.8M | 48.1% |
Income Statement
| Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | Q1 2026 | |
|---|---|---|---|---|---|
| Revenue | $82.7M | $149.0M | $179.3M | $189.5M | $194.9M |
| YoY Growth | N/A | N/A | N/A | N/A | 135.7% |
Balance Sheet
| Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | Q1 2026 | |
|---|---|---|---|---|---|
| Assets | $7.15B | $7.97B | $9.02B | $9.26B | $9.57B |
| Liabilities | $1.28B | $2.10B | $3.17B | $3.40B | $3.72B |
| Equity | $5.88B | $5.87B | $5.86B | $5.86B | $5.85B |
Cash Flow
| Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | |
|---|---|---|---|---|
| Operating CF | $21.3M | $109.1M | $123.1M | $3.67B |