Franklin Street Properties Corp. income statement FSP

Annual Quarterly

In fiscal 2025, which ended Dec 31, 2025, Franklin Street Properties Corp. reported revenue of $107.2 million, down 10.8% from the year before. It recorded a net loss of $45.0 million. Diluted earnings per share were -$0.43. Over the twelve months ended Sep 30, 2026, revenue was $103.6 million and the net loss was $42.6 million. Across the 10 fiscal years shown, revenue shrank from $249.9 million in fiscal 2016 to $107.2 million in fiscal 2025, about 9.0% a year.

USD in millions, except per-share amounts and margins. The percent under a figure is the change from the year before.

Line	FY 2026 Sep 30, 2026	FY 2025 Dec 31, 2025	FY 2024 Dec 31, 2024	FY 2023 Dec 31, 2023	FY 2022 Dec 31, 2022	FY 2021 Dec 31, 2021	FY 2020 Dec 31, 2020	FY 2019 Dec 31, 2019	FY 2018 Dec 31, 2018	FY 2017 Dec 31, 2017	FY 2016 Dec 31, 2016
Revenue	104 -5.4%	107 -10.8%	120 -17.6%	146 -12.0%	166 -20.9%	209 -14.8%	246 -8.6%	269 +0.1%	269 -1.4%	273 +9.1%	250 +2.5%
Cost of revenue	41 -3.3%	42 -6.7%	45 -11.2%	51 -4.0%	53 -13.2%	61 -9.1%	67 -7.4%	72	—	—	—
Gross profit	62 -6.8%	65 -13.3%	75 -21.0%	95 -15.8%	113 -24.0%	148 -17.0%	179 -9.1%	197	—	—	—
Selling, general and administrative	10 -21.8%	12 -10.5%	14 -1.0%	14 +1.0%	14 -12.7%	16 +6.0%	15 +3.6%	14 +10.7%	13 -3.0%	13 -4.6%	14 +6.3%
Operating income	—	—	—	—	—	—	—	—	7 -21.2%	8 -21.2%	11 -19.3%
Pretax income	-42 +7.9%	-45 +14.7%	-53 -9.8%	-48 -3785.0%	1 -98.6%	93 +182.8%	33 +387.3%	7 -49.8%	13 +186.4%	-16 -276.7%	9
Income tax	0 +11.5%	0 -12.5%	0 -22.6%	0 +36.8%	0 -68.0%	1 +155.2%	0 -7.1%	0 -25.3%	0 -10.0%	0 -4.3%	0 -3.5%
Net income	-43 +7.8%	-45 +14.7%	-53 -9.6%	-48 -4497.6%	1 -98.8%	93 +184.3%	33 +403.7%	6 -50.5%	13 +182.0%	-16	—
Basic EPS	-0.41 +8.0%	-0.43 +15.7%	-0.51 -8.5%	-0.47 -4800.0%	0.01 -98.9%	0.87	—	—	—	—	—
Diluted EPS	-0.41 +8.0%	-0.43 +15.7%	-0.51 -8.5%	-0.47 -4800.0%	0.01 -98.9%	0.87	—	—	—	—	—
Weighted average shares, basic	104 +0.2%	104 +0.1%	104 +0.1%	103 +0.0%	103 -3.1%	107	—	—	—	—	—
Weighted average shares, diluted	104 +0.2%	104 +0.1%	104 +0.1%	103 +0.0%	103 -3.1%	107	—	—	—	—	—
Other measures
Depreciation and amortization	47 +3.8%	45 -5.1%	48 -16.6%	57 -12.9%	66 -18.9%	81 -11.5%	92 -2.4%	94 -3.5%	97 -6.3%	104 +8.9%	95 +1.9%
EBITDA	—	—	—	—	—	—	—	—	104 -7.4%	112 +5.9%	106 -0.7%
Interest coverage	—	—	—	—	—	—	—	—	0.17x	0.26x	0.40x
Margins
Gross margin	59.95%	60.77%	62.50%	65.18%	68.11%	70.92%	72.77%	73.13%	—	—	—
Operating margin	—	—	—	—	—	—	—	—	2.47%	3.09%	4.28%
Pretax margin	-40.89%	-41.78%	-43.72%	-32.83%	0.78%	44.39%	13.37%	2.51%	4.99%	-5.70%	3.52%
Profit margin	-41.10%	-41.96%	-43.89%	-33.02%	0.66%	44.29%	13.27%	2.41%	4.86%	-5.85%	—
EBITDA margin	—	—	—	—	—	—	—	—	38.61%	41.15%	42.39%
Effective tax rate	—	—	—	—	15.72%	0.69%	0.76%	3.99%	2.68%	—	4.75%

How these figures are calculated

Annual columns are full-year amounts from the annual report (Form 10-K, 20-F, or 40-F). If a company restates a year, the latest filed number is shown. USD in millions, except per-share amounts and margins. Weighted average shares are in millions. Interest expense and finance costs are positive costs. A negative amount on a gain (loss) or income (expense) line is a loss or an expense. EBITDA is operating income plus depreciation and amortization. Interest coverage is operating income divided by interest expense. The first column is the trailing twelve months through the latest quarter. More on our methodology.

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Company profile

Industry: Real Estate Investment Trusts (SIC 6798)
Listed as: FSP (NYSE)
Fiscal year ends: December 31
Incorporated in: MA
Headquarters: Wakefield, MA
SEC filer status: Accelerated filer, Smaller reporting company
SEC CIK: 1031316
Former names: FRANKLIN STREET PARTNERS LP (until Jan 7, 2002)

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Source: SEC EDGAR filings. This is company-reported data, not investment advice.