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 Q4 2025 Key Financial Metrics
Revenue
$189.5M
Gross Profit
N/A
Operating Profit
$160.7M
Net Profit
$122.2M
Gross Margin
N/A
Operating Margin
84.8%
Net Margin
64.5%
YoY Growth
N/A
EPS
$0.74
Financial Flow
Millrose Properties, Inc. Q4 2025 Financial Summary
Millrose Properties, Inc. reported revenue of $189.5M for Q4 2025, with a net profit of $122.2M (up 285.8% YoY) (64.5% margin). Cost of goods sold was N/A.
Key Financial Metrics
| Total Revenue | $189.5M |
|---|---|
| Net Profit | $122.2M |
| Gross Margin | N/A |
| Operating Margin | 84.8% |
| Report Period | Q4 2025 |
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). Click any linked year to see what changed vs the prior annual report.
Millrose Properties, Inc. Quarterly Revenue & Net Profit History
Millrose Properties, Inc. results over the last 4 reported quarters, including revenue, net profit and year-over-year growth.
| Quarter | Revenue | Revenue YoY | Net Profit | Net Margin |
|---|---|---|---|---|
| Q4 2025 | $189.5M | — | $122.2M | 64.5% |
| Q3 2025 | $179.3M | — | $105.1M | 58.6% |
| Q2 2025 | $149.0M | — | $112.8M | 75.7% |
| Q1 2025 | $82.7M | — | $39.8M | 48.1% |
Income Statement
| Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | |
|---|---|---|---|---|
| Revenue | $82.7M | $149.0M | $179.3M | $189.5M |
| YoY Growth | N/A | N/A | N/A | N/A |
Balance Sheet
| Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | |
|---|---|---|---|---|
| Assets | $7.15B | $7.97B | $9.02B | $9.26B |
| Liabilities | $1.28B | $2.10B | $3.17B | $3.40B |
| Equity | $5.88B | $5.87B | $5.86B | $5.86B |
Cash Flow
| Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | |
|---|---|---|---|---|
| Operating CF | $21.3M | $109.1M | $123.1M | $3.42B |