Revenue
$24.93M
Fiscal year ended 2026-09-30Operating income
Unavailable
Fiscal year ended 2026-09-30Free cash flow
$2.92M
Fiscal year ended 2026-09-30Valuation, from the filing
| Public float | $155.30M | Market value of stock held by non-affiliates, as stated on the cover page for 2025-06-30 |
|---|---|---|
| Float per share | $1.50 | Float divided by shares outstanding in the same filing. A floor under the share price on that date, not the price itself. |
| Float / revenue | 1.4× | A lower bound on the multiple, because affiliate holdings are excluded. |
| Float / equity | 0.3× | A lower bound on the multiple, because affiliate holdings are excluded. |
Every figure here is drawn from the 10-K cover page and the statements behind it, so each one traces to a filing. Public float counts only stock held by non-affiliates, which makes these floors rather than estimates: a high multiple is conclusive, a low one may mean cheap or may mean closely held. The float was measured on 2025-06-30, not today, and each multiple below it uses the figures for the fiscal year ending 2025-12-31 — the year that filing covered.
How this compares in its industry
Percentile among the Real Estate Investment Trusts filers on this site, highest value first. A high percentile means a large figure, which is good for a margin and not for leverage — the ranking says where the company sits, not whether that is where it should be.
| Measure | Reported | Percentile | |
|---|---|---|---|
| SBC / revenue | 0.2% | 4th | |
| Revenue YoY growth | -10.8% | 9th | |
| FCF margin | -11.8% | 17th | |
| CapEx / revenue | 15.3% | 67th | |
| Gross margin | 60.8% | 40th |
FRANKLIN STREET PROPERTIES CORP /MA/ (FSP) reported revenue of $24.93M for the fiscal year ended 2026-09-30. This page shows 10 annual periods of income statement, balance sheet and cash flow figures normalized from FRANKLIN STREET PROPERTIES CORP /MA/’s SEC filings, each linked to the filing it came from. It is classified by the SEC under Real Estate Investment Trusts.
Income
| Metric | 2026-09-30 | 2026-06-30 | 2026-03-31 | 2025-12-31 | 2025-09-30 | 2025-06-30 | 2025-03-31 | 2024-12-31 | 2024-09-30 | 2024-06-30 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $24.93M | $26.36M | $26.22M | $26.04M | $27.30M | $26.72M | $27.11M | $28.38M | $29.68M | $30.83M |
| Cost of revenue | $10.60M | $10.01M | $10.29M | $10.57M | $10.67M | $10.70M | $10.10M | $11.42M | $11.57M | $11.03M |
| Gross profit | $14.33M | $16.35M | $15.94M | $15.47M | $16.63M | $16.01M | $17.01M | $16.95M | $18.11M | $19.80M |
| Operating income | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable |
| Net income | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable |
| Research & development | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable |
| Weighted-average diluted shares | shares 104.01M | shares 103.81M | shares 103.69M | Unavailable | shares 103.69M | shares 103.61M | shares 103.57M | Unavailable | shares 103.57M | shares 103.48M |
| Pretax income | -$9.05M | -$16.56M | -$9.47M | -$7.27M | -$8.32M | -$7.79M | -$21.38M | -$8.47M | -$15.57M | -$20.98M |
| Income tax expense | $57.00K | $50.00K | $54.00K | $52.00K | $3.00K | $82.00K | $52.00K | $54.00K | $56.00K | $48.00K |
| Diluted EPS | $-0.09 | $-0.16 | $-0.09 | Unavailable | $-0.08 | $-0.08 | $-0.21 | Unavailable | $-0.15 | $-0.20 |
| Selling, general & administrative | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable |
| General & administrative | $2.16M | $2.40M | $2.67M | $2.63M | $3.03M | $3.28M | $3.48M | $2.82M | $3.28M | $3.64M |
| Selling & marketing | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable |
Balance
| Metric | 2026-09-30 | 2026-06-30 | 2026-03-31 | 2025-12-31 | 2025-09-30 | 2025-06-30 | 2025-03-31 | 2024-12-31 | 2024-09-30 | 2024-06-30 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash & equivalents | $34.25M | $22.46M | $23.75M | $30.57M | $31.42M | $29.37M | $30.17M | $41.12M | $40.86M | $30.24M |
| Total assets | $853.45M | $864.85M | $881.79M | $892.88M | $901.03M | $903.24M | $916.37M | $946.93M | $981.51M | $1.01B |
| Current assets | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable |
| Total liabilities | $282.57M | $284.87M | $285.37M | $285.91M | $285.70M | $278.54M | $282.98M | $291.07M | $316.09M | $330.45M |
| Current liabilities | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable |
| Total equity incl. NCI | $570.88M | $579.99M | $596.41M | $606.98M | $615.34M | $624.70M | $633.39M | $655.86M | $665.42M | $682.08M |
| Temporary (mezzanine) equity | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable |
| Inventory | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable |
| Accounts receivable | $1.49M | $1.44M | $1.34M | $471.00K | $1.38M | $1.57M | $1.46M | $1.28M | $1.35M | $2.35M |
| Goodwill | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable |
| Long-term debt | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable |
| Accounts payable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable |
Cash flow
| Metric | 2026-09-30 | 2026-06-30 | 2026-03-31 | 2025-12-31 | 2025-09-30 | 2025-06-30 | 2025-03-31 | 2024-12-31 | 2024-09-30 | 2024-06-30 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | $6.84M | $3.04M | -$5.15M | $3.83M | $8.28M | -$2.88M | -$5.48M | $2.25M | $14.47M | -$648.00K |
| Capital expenditures | $3.92M | $3.14M | $2.70M | $3.81M | $5.29M | $2.87M | $4.45M | $6.14M | $5.83M | $4.49M |
| Investing cash flow | $14.07M | -$3.14M | -$2.70M | -$3.80M | -$5.29M | $3.23M | -$4.45M | $26.45M | $22.76M | -$4.49M |
| Financing cash flow | -$8.52M | -$1.19M | $1.03M | -$1.04M | -$1.94M | -$1.40M | -$1.19M | -$28.39M | -$26.35M | -$1.14M |
| Net change in cash | $12.39M | -$1.29M | -$6.82M | -$1.00M | $1.06M | -$1.04M | -$11.12M | $308.00K | $10.88M | -$6.28M |
| Stock-based compensation | $0 | Unavailable | Unavailable | $0 | $0 | Unavailable | Unavailable | $0 | $0 | Unavailable |
| Common dividends paid | $0 | $0 | $1.04M | $1.04M | $1.04M | $1.04M | $1.04M | $1.04M | $1.04M | $1.03M |
| Common share repurchases | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable |
| Depreciation & amortization | $10.50M | $10.43M | $11.60M | $10.61M | $10.55M | $10.63M | $11.51M | $10.76M | $10.91M | $11.48M |
Derived
| Metric | 2026-09-30 | 2026-06-30 | 2026-03-31 | 2025-12-31 | 2025-09-30 | 2025-06-30 | 2025-03-31 | 2024-12-31 | 2024-09-30 | 2024-06-30 |
|---|---|---|---|---|---|---|---|---|---|---|
| Free cash flow | $2.92M | -$103.00K | -$7.85M | $24.00K | $2.99M | -$5.74M | -$9.94M | -$3.89M | $8.64M | -$5.14M |
| Gross margin | 57.5% | 62.0% | 60.8% | 59.4% | 60.9% | 59.9% | 62.8% | 59.7% | 61.0% | 64.2% |
| Operating margin | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable |
| FCF margin | 11.7% | -0.4% | -29.9% | 0.1% | 11.0% | -21.5% | -36.7% | -13.7% | 29.1% | -16.7% |
| SBC / revenue | 0.0% | Unavailable | Unavailable | 0.0% | 0.0% | Unavailable | Unavailable | 0.0% | 0.0% | Unavailable |
| Current ratio | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable |
| Revenue YoY growth | -8.7% | -1.3% | -3.3% | -8.2% | -8.0% | -13.3% | -13.2% | -18.4% | -19.6% | -15.0% |
| Net margin | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable |
| R&D / revenue | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable |
| CapEx / revenue | 15.7% | 11.9% | 10.3% | 14.6% | 19.4% | 10.7% | 16.4% | 21.6% | 19.6% | 14.6% |
| Long-term debt / equity | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable |
| Effective tax rate | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable |
Amounts are abbreviated; the exact reported value is carried in each cell. — means unavailable, not zero. Open FSP in the interactive workspace to inspect any figure back to its filing.
Source filings
10-Q · Filed 2026-10-27View SEC filing
10-Q · Filed 2026-07-28View SEC filing
10-Q · Filed 2026-04-28View SEC filing
10-K · Filed 2026-03-09View SEC filing
10-Q · Filed 2025-10-28View SEC filing
10-Q · Filed 2025-07-29View SEC filing
Every accounting identity this site checks — the balance sheet, the gross profit bridge and the cash flow statement — reconciles in every period shown.