Millrose Properties, Inc.
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MRP FY 2025 request
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/api/financials?ticker=MRP&year=2025&quarter=4&full_year_mode=true
Pick an endpoint and run the request.Income Statement
| Metric | FY 2025 | FY 2024 | YoY |
|---|---|---|---|
| Option Fee Revenues | 570,957 | — | — |
| Development Loan Income | 29,504 | — | — |
| Revenue | 600,461 | — | — |
Show Income Statement Balance Sheet And Additional Disclosures By Disposal Groups Including Discontinued Operations breakouts |
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| Lennar | 501.5 | — | — |
| Management Fee Expense | 87,751 | — | — |
Show Related Party Transactions By Related Party breakouts |
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| Kennedy Lewis Land and Residential Advisors LLC | 87.8 | — | — |
| Stock Based Compensation Expense | 677 | — | — |
| Provision For Doubtful Accounts | 1,005 | — | — |
| Selling General And Administrative Expense From Pre Spin Period | 24,960 | 246,221 | -89.9% |
| Operating Expenses | 114,393 | 246,221 | -53.5% |
| Operating Income | 486,068 | -246,221 | +297.4% |
| Interest Income | 7,702 | — | — |
| Interest Expense | -91,792 | — | — |
Show Credit Facility breakouts |
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| Revolving Credit Facility | -91.8 | — | — |
| Other Non-Operating Income (Expense) | -1,605 | — | — |
| Non-Operating Income (Expense) | -85,695 | — | — |
| Income Before Taxes | 400,373 | -246,221 | +262.6% |
| Income Tax Expense (Benefit) | 20,509 | — | — |
| Net Income | 379,864 | -246,221 | +254.3% |
Show Equity Components breakouts |
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| Distribution in Excess of Net Income | 404,824 | — | — |
| Pre-Spin Predecessors Equity | -24,960 | -246,221 | +89.9% |
| Adjustment For Expenses From Pre Spin Periods | 24,960 | — | — |
| Net Income Loss Available To Common Stockholders Basic | 404,824 | -246,221 | +264.4% |
| EPS (Basic) | 2.44 | — | — |
Show Statement Class Of Stock breakouts |
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| Class A and Class B Common Stock | 2.44 | — | — |
| EPS (Diluted) | 2.44 | — | — |
Show Statement Class Of Stock breakouts |
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| Class A and Class B Common Stock | 2.44 | — | — |
| Wtd Avg Shares (Basic) | 166,003,497 | — | — |
Show Equity Components breakouts |
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| Common Stock | 166,003,497 | — | — |
Show Statement Class Of Stock breakouts |
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| Class A and Class B Common Stock | 166,003,497 | — | — |
| Wtd Avg Shares (Diluted) | 166,026,608 | — | — |
Show Statement Class Of Stock breakouts |
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| Class A and Class B Common Stock | 166,026,608 | — | — |
| Selling, General & Administrative | 25 | 246.2 | -89.8% |
| Other Expenses (FY) | — | — | — |
Show Credit Facility breakouts |
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| Revolving Credit Facility | 1.6 | — | — |
| Interest Expense (FY) | — | — | — |
Show Credit Facility breakouts |
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| Delayed Draw Term Loan Facility | 10.7 | — | — |
| Revolving Credit Facility | 14.4 | — | — |
Balance Sheet
| Metric | FY 2025 | FY 2024 | YoY |
|---|---|---|---|
| Current Assets | |||
| Cash & Cash Equivalents | 35,046 | — | — |
| Non-Current Assets | |||
| Total Assets | 9,258,107 | 5,465,290 | +69.4% |
| Other Assets | |||
| Homesites Under Option Contracts | 8,872,695 | — | — |
Show Counterparty Name breakouts |
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| Homesites | 8,872,695 | — | — |
| Development Loan Receivables Net | 328,999 | — | — |
Show Accounts Notes Loans And Financing Receivable By Receivable Type breakouts |
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| Loans Receivable | 328,999 | — | — |
| Other Assets | 21,367 | — | — |
| Non-Current Liabilities | |||
| Deferred Tax Liabilities | 77,333 | — | — |
| Total Liabilities | 3,401,845 | 306,918 | +1008.4% |
| Other Liabilities | |||
| Builder Deposits Liability | 927,004 | — | — |
| Debt Longterm And Shortterm Combined Amount | 2,112,062 | 24,188 | +8631.9% |
| Development Guarantee Holdback Liability | 100,000 | — | — |
| Other Liabilities | 185,446 | — | — |
| Stockholders' Equity | |||
| Common Stock (INSTANT) | — | — | — |
Show Statement Class Of Stock breakouts |
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| Common Class A | 1,542 | — | — |
| Common Class B | 118 | — | — |
| Additional Paid-In Capital | 5,873,087 | — | — |
| Distribution In Excess Of Net Income | -18,485 | — | — |
| Total Stockholders' Equity | 5,856,262 | 5,158,372 | +13.5% |
Show Equity Components breakouts |
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| Additional Paid In Capital | 5,873,087 | — | — |
| Common Stock · Common Class A | 1,542 | 5,158,372 | -100.0% |
| Distribution in Excess of Net Income | -18,485 | — | — |
| Preferred Stock · Common Class B | 118 | — | — |
| Total Liabilities & Equity | 9,258,107 | 5,465,290 | +69.4% |
Cash Flow Statement
| Metric | FY 2025 | FY 2024 | YoY |
|---|---|---|---|
| Operating Activities | |||
| Net Income | 379,864 | -246,221 | +254.3% |
| Net Adjustments For Expenses From Pre- Spin Periods | 24,960 | — | — |
| Operating Interest Paid Reveived In Kind | -29,504 | — | — |
| Stock-Based Compensation | 677 | 14,937 | -95.5% |
| Amortization Of Financing Costs And Discounts | 20,273 | — | — |
| Increase Decrease In Other Operating Assets | -8,626 | — | — |
| Increase Decrease In Other Operating Liabilities | 47,655 | — | — |
| Increase Decrease In Deferred Liabilities | 20,509 | — | — |
| Takedowns Of Homesites Under Option Contracts Net Of Builder Deposit Credits | 3,216,008 | — | — |
| Net Cash from Operations | 3,672,821 | -917,194 | +500.4% |
| Deferred Income Taxes | 20,509 | — | — |
| Investing Activities | |||
| Proceeds From Deposits On Real Estate Sales | 584,848 | — | — |
| Payments To Acquire Land | -858,938 | — | — |
| Investments In Homesites Under Option Contracts Net Of Builder Deposits | -5,149,382 | — | — |
| Payments For Proceeds From Other Deposits | 1,738 | — | — |
| Investment Real Estate Development Loans | -353,806 | — | — |
| Pay Downs Of Real Estate Development Loans | 53,306 | — | — |
| Net Cash from Investing | -5,722,234 | — | — |
| Financing Activities | |||
| Cash Contribution From Lennar Spin Off | 415,152 | — | — |
| Payments For Spin Off Deal Costs | -77,948 | — | — |
| Financing And Issuance Cost Payments For Debt Obligations | -57,939 | — | — |
| Proceeds From Revolving Credit Facility And Delayed Draw Term Loan Facility Borrowings | 2,835,000 | — | — |
| Repayments Of Revolving Credit Facility And Delayed Draw Term Loan Facility Borrowings | -2,725,000 | — | — |
| Proceeds From Issuance Of Senior Long Term Debt | 2,000,000 | — | — |
| Payments Of Dividends Common Stock | -298,806 | — | — |
| Repayments Of Notes Payable | -6,000 | — | — |
| Net Cash from Financing | 2,084,459 | 917,194 | +127.3% |
| Amortization of Financing Costs (FY) | — | — | — |
Show Credit Facility breakouts |
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| Delayed Draw Term Loan Facility | 15 | — | — |
Show Long-Term Debt Type breakouts |
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| Senior Notes | 2.3 | — | — |
| Supplemental | |||
| Reversal Of Pre Spin Equity At Spin Off | 5,158,372 | — | — |
| Builder Deposits For Investments In Homesites Under Option Contracts | -416,994 | — | — |
| Homesites Under Option Contracts Acquired Through Purchase Money Mortgages | 33,000 | — | — |
| Purchase Money Mortgages | -33,000 | — | — |
| Dividend Accrual Rights Accrued But Not Paid | 96 | — | — |
| Dividends Declared But Not Paid | 124,503 | — | — |
| Interest Paid | 23,942 | — | — |
| Income Taxes Paid | 8,500 | — | — |
| Other Cash Flow | |||
| Net Change in Cash | 35,046 | — | — |
| Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents | 35,046 | — | — |
| Homesites Under Option Contracts Contributed By Lennar Net Of Option Deposits | 4,911,279 | — | — |
| Decrease In Deferred Tax Liabilities Non Cash | 59,836 | — | — |
| Liabilities For Transaction Deal Costs And Seller Notes | -96,948 | — | — |
| Non Cash Impacts Of Common Stock Issued Spin Off | -1,660 | — | — |
| Non Cash Increase In Additional Paid In Capital Spin Off | -4,872,506 | — | — |
| Option Deposit Non Cash | -90,264 | — | — |
| Development Guarantees Holdback Liabilities | -100,000 | — | — |
| Increase In Deferred Tax Liabilities Non Cash | -116,660 | — | — |
Values in thousands USD. Source: SEC EDGAR 10-K filing.