Netstreit Corp
NYSE:NTST
Income Statement
Earnings Waterfall
Netstreit Corp
Income Statement
Netstreit Corp
| Sep-2020 | Dec-2020 | Mar-2021 | Jun-2021 | Sep-2021 | Dec-2021 | Mar-2022 | Jun-2022 | Sep-2022 | Dec-2022 | Mar-2023 | Jun-2023 | Sep-2023 | Dec-2023 | Mar-2024 | Jun-2024 | Sep-2024 | Dec-2024 | Mar-2025 | Jun-2025 | Sep-2025 | Dec-2025 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | |||||||||||||||||||||||
| Interest Expense |
4
|
5
|
4
|
4
|
4
|
4
|
4
|
5
|
7
|
9
|
12
|
16
|
18
|
21
|
24
|
27
|
31
|
34
|
38
|
41
|
44
|
48
|
|
| Revenue |
22
N/A
|
34
+51%
|
40
+19%
|
47
+17%
|
53
+13%
|
59
+12%
|
69
+16%
|
77
+13%
|
87
+12%
|
96
+11%
|
104
+8%
|
113
+9%
|
122
+8%
|
132
+8%
|
140
+6%
|
148
+6%
|
156
+5%
|
163
+5%
|
171
+5%
|
180
+5%
|
187
+4%
|
195
+5%
|
|
| Gross Profit | |||||||||||||||||||||||
| Cost of Revenue |
(1)
|
(3)
|
(3)
|
(4)
|
(5)
|
(6)
|
(8)
|
(9)
|
(10)
|
(12)
|
(13)
|
(14)
|
(15)
|
(16)
|
(17)
|
(17)
|
(18)
|
(17)
|
(18)
|
(19)
|
(18)
|
(19)
|
|
| Gross Profit |
21
N/A
|
31
+49%
|
37
+18%
|
43
+16%
|
48
+11%
|
53
+12%
|
61
+14%
|
68
+12%
|
77
+13%
|
85
+10%
|
92
+8%
|
100
+9%
|
107
+8%
|
115
+7%
|
124
+7%
|
131
+6%
|
138
+5%
|
145
+5%
|
153
+5%
|
161
+5%
|
168
+4%
|
176
+5%
|
|
| Operating Income | |||||||||||||||||||||||
| Operating Expenses |
(20)
|
(27)
|
(32)
|
(38)
|
(41)
|
(46)
|
(52)
|
(57)
|
(63)
|
(69)
|
(82)
|
(85)
|
(85)
|
(84)
|
(87)
|
(90)
|
(94)
|
(97)
|
(99)
|
(103)
|
(104)
|
(108)
|
|
| Selling, General & Administrative |
(10)
|
(11)
|
(13)
|
(15)
|
(14)
|
(15)
|
(16)
|
(17)
|
(18)
|
(19)
|
(20)
|
(20)
|
(21)
|
(20)
|
(21)
|
(21)
|
(20)
|
(20)
|
(19)
|
(19)
|
(20)
|
(22)
|
|
| Depreciation & Amortization |
(10)
|
(15)
|
(19)
|
(23)
|
(26)
|
(31)
|
(36)
|
(41)
|
(46)
|
(50)
|
(54)
|
(58)
|
(61)
|
(44)
|
(61)
|
(64)
|
(69)
|
(77)
|
(80)
|
(83)
|
(84)
|
(86)
|
|
| Other Operating Expenses |
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
(8)
|
(6)
|
(3)
|
(19)
|
(5)
|
(5)
|
(5)
|
0
|
0
|
0
|
0
|
0
|
|
| Operating Income |
1
N/A
|
4
+260%
|
5
+7%
|
5
+7%
|
7
+36%
|
8
+14%
|
9
+17%
|
11
+21%
|
13
+23%
|
15
+15%
|
10
-36%
|
15
+52%
|
23
+51%
|
32
+39%
|
36
+15%
|
41
+13%
|
44
+8%
|
49
+10%
|
53
+10%
|
59
+9%
|
64
+9%
|
68
+6%
|
|
| Pre-Tax Income | |||||||||||||||||||||||
| Interest Income Expense |
(4)
|
(5)
|
(4)
|
(4)
|
(4)
|
(4)
|
(4)
|
(5)
|
(7)
|
(9)
|
(4)
|
(9)
|
(13)
|
(19)
|
(21)
|
(23)
|
(27)
|
(30)
|
(36)
|
(41)
|
(45)
|
(51)
|
|
| Non-Reccuring Items |
(3)
|
(6)
|
(4)
|
(7)
|
(5)
|
(4)
|
(4)
|
(2)
|
(2)
|
(2)
|
(2)
|
(3)
|
(5)
|
(8)
|
(11)
|
(12)
|
(20)
|
(30)
|
(30)
|
(31)
|
(27)
|
(18)
|
|
| Gain/Loss on Disposition of Assets |
1
|
6
|
0
|
6
|
8
|
3
|
3
|
5
|
3
|
4
|
4
|
2
|
3
|
1
|
2
|
2
|
1
|
2
|
3
|
6
|
8
|
8
|
|
| Total Other Income |
0
|
(0)
|
6
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
1
|
1
|
0
|
(2)
|
(2)
|
(2)
|
(2)
|
1
|
1
|
0
|
|
| Pre-Tax Income |
(4)
N/A
|
0
N/A
|
3
+1 114%
|
0
-87%
|
6
+1 600%
|
3
-43%
|
4
+39%
|
9
+106%
|
8
-15%
|
9
+10%
|
8
-7%
|
5
-37%
|
8
+53%
|
7
-11%
|
6
-5%
|
5
-23%
|
(5)
N/A
|
(12)
-161%
|
(11)
+5%
|
(6)
+50%
|
0
N/A
|
7
+2 754%
|
|
| Net Income | |||||||||||||||||||||||
| Tax Provision |
0
|
0
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
0
|
0
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
|
| Income from Continuing Operations |
(4)
|
0
|
3
|
0
|
6
|
3
|
4
|
9
|
8
|
8
|
8
|
5
|
8
|
7
|
6
|
5
|
(5)
|
(12)
|
(11)
|
(6)
|
0
|
7
|
|
| Income to Minority Interest |
1
|
1
|
0
|
0
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
0
|
0
|
0
|
0
|
(0)
|
(0)
|
|
| Net Income (Common) |
(4)
N/A
|
1
N/A
|
3
+265%
|
0
-89%
|
5
+1 771%
|
3
-42%
|
4
+40%
|
9
+106%
|
7
-16%
|
8
+10%
|
8
-6%
|
5
-36%
|
8
+58%
|
7
-11%
|
6
-6%
|
5
-23%
|
(5)
N/A
|
(12)
-160%
|
(11)
+5%
|
(6)
+49%
|
0
N/A
|
7
+3 630%
|
|
| EPS (Diluted) |
-0.14
N/A
|
0.02
N/A
|
0.08
+300%
|
0.02
-75%
|
0.12
+500%
|
0.08
-33%
|
0.09
+12%
|
0.17
+89%
|
0.16
-6%
|
0.16
N/A
|
0.12
-25%
|
0.07
-42%
|
0.13
+86%
|
0.11
-15%
|
0.09
-18%
|
0.07
-22%
|
-0.06
N/A
|
-0.16
-167%
|
-0.14
+12%
|
-0.07
+50%
|
0
N/A
|
0.08
N/A
|
|