Overview of Financial Statements
Financial statements are records that provide an overview of a company's financial performance and position. There are three main types of financial statements:
- Income Statement: Shows the company's revenue, expenses, and profit over a specific period.
- Balance Sheet: Provides a snapshot of the company's assets, liabilities, and equity at a specific point in time.
- Cash Flow Statement: Details the cash inflows and outflows from operating, investing, and financing activities over a period.
This page presents both annual and quarterly data for these financial statements. The charts below provide a visual representation of the key metrics from each statement, helping you to quickly understand the financial health of NETSTREIT.
Income Statement
| Breakdown | December 31, 2024 | December 31, 2023 | December 31, 2022 | December 31, 2021 | December 31, 2020 | December 31, 2019 | December 31, 2018 |
|---|---|---|---|---|---|---|---|
| Revenue | $162.78M | $123.12M | $96.28M | $59.14M | $33.73M | $19.80M | $23.83M |
| Cost of Revenue | $359.00K | $16.87M | $11.70M | $5.80M | $2.57M | $1.11M | $1.73M |
| Gross Profit | $162.43M | $106.25M | $84.58M | $53.34M | $31.16M | $18.69M | $22.10M |
| Gross Profit Ratio | 99.78% | 86.30% | 87.85% | 90.20% | 92.38% | 94.38% | 92.74% |
| Research and Development Expenses | $- | $- | $0 | $0 | $0 | $-0 | $-1 |
| General and Administrative Expenses | $19.72M | $20.18M | $19.05M | $14.81M | $11.34M | $4.09M | $3.79M |
| Selling and Marketing Expenses | $- | $- | $- | $- | $- | $- | $- |
| Selling General and Administrative Expenses | $19.72M | $20.18M | $19.05M | $14.81M | $11.34M | $4.09M | $3.79M |
| Other Expenses | $124.26M | $87.17M | $50.08M | $30.81M | $15.46M | $10.42M | $12.88M |
| Operating Expenses | $143.98M | $107.35M | $69.13M | $45.62M | $26.80M | $14.51M | $16.67M |
| Cost and Expenses | $144.34M | $101.51M | $80.82M | $51.42M | $29.37M | $15.62M | $18.40M |
| Interest Income | $11.56M | $6.49M | $2.35M | $3.70M | $4.74M | $10.88M | $- |
| Interest Expense | $33.32M | $20.28M | $9.18M | $3.70M | $4.74M | $10.88M | $- |
| Depreciation and Amortization | $76.87M | $63.68M | $82.20M | $52.27M | $32.54M | $16.14M | $18.40M |
| EBITDA | $98.24M | $95.65M | $65.66M | $38.96M | $19.81M | $16.14M | $18.30M |
| EBITDA Ratio | 60.35% | 77.69% | 68.20% | 65.87% | 58.73% | 81.50% | 138.59% |
| Operating Income | $18.44M | $24.10M | $15.59M | $8.15M | $4.35M | $5.72M | $-20.30M |
| Operating Income Ratio | 11.33% | 19.57% | 16.19% | 13.78% | 12.89% | 28.88% | -85.18% |
| Total Other Income Expenses Net | $-30.39M | $-17.26M | $-4.90M | $-4.51M | $-4.15M | $-12.79M | $-25.72M |
| Income Before Tax | $-11.95M | $6.84M | $8.60M | $3.21M | $212.00K | $-8.07M | $-20.30M |
| Income Before Tax Ratio | -7.34% | 5.56% | 8.93% | 5.43% | 0.63% | -40.76% | -85.18% |
| Income Tax Expense | $49.00K | $-49.00K | $396.00K | $59.00K | $4.21M | $12.25M | $25.72M |
| Net Income | $-11.94M | $6.84M | $8.12M | $3.05M | $-4.00M | $-20.32M | $-20.30M |
| Net Income Ratio | -7.33% | 5.55% | 8.43% | 5.15% | -11.86% | -102.62% | -85.18% |
| EPS | $-0.16 | $0.11 | $0.16 | $0.08 | $-0.23 | $-0.84 | $-0.84 |
| EPS Diluted | $-0.16 | $0.11 | $0.16 | $0.08 | $-0.19 | $-0.84 | $-0.84 |
| Weighted Average Shares Outstanding | 76.52M | 63.92M | 49.52M | 37.00M | 17.32M | 24.30M | 24.30M |
| Weighted Average Shares Outstanding Diluted | 76.52M | 64.67M | 50.43M | 38.67M | 21.16M | 24.30M | 24.30M |
| SEC Filing | Source | Source | Source | Source | Source | Source | Source |
Balance Sheet
| Breakdown | December 31, 2024 | December 31, 2023 | December 31, 2022 | December 31, 2021 | December 31, 2020 | December 31, 2019 | December 31, 2018 |
|---|---|---|---|---|---|---|---|
| Cash and Cash Equivalents | $14.32M | $18.43M | $70.54M | $7.60M | $92.64M | $169.32M | $1.24M |
| Short Term Investments | $- | $- | $24.07M | $4.31M | $253.00K | $- | $- |
| Cash and Short Term Investments | $14.32M | $18.43M | $70.54M | $7.60M | $92.64M | $169.32M | $1.24M |
| Net Receivables | $139.41M | $133.69M | $46.38M | $5.06M | $2.90M | $640.00K | $2.14M |
| Inventory | $- | $- | $-8.75M | $-4.31M | $-253.00K | $179.58M | $- |
| Other Current Assets | $- | $65.79M | $32.21M | $4.42M | $15.79M | $9.63M | $58.97M |
| Total Current Assets | $153.73M | $217.90M | $140.13M | $9.70M | $107.44M | $179.59M | $62.34M |
| Property Plant Equipment Net | $- | $5.59M | $6.20M | $6.24M | $38.00K | $223.92M | $237.80M |
| Goodwill | $- | $- | $- | $- | $- | $- | $- |
| Intangible Assets | $164.39M | $161.35M | $151.01M | $124.77M | $75.02M | $28.85M | $32.78M |
| Goodwill and Intangible Assets | $164.39M | $161.35M | $151.01M | $124.77M | $75.02M | $28.85M | $32.78M |
| Long Term Investments | $- | $- | $24.07M | $4.31M | $253.00K | $-433.92M | $-570.88M |
| Tax Assets | $- | $- | $-24.07M | $-4.31M | $-291.00K | $433.92M | $333.08M |
| Other Non-Current Assets | $- | $1.56B | $1.31B | $927.73M | $543.35M | $1.56M | $237.96M |
| Total Non-Current Assets | $164.39M | $1.73B | $1.47B | $1.06B | $618.37M | $254.33M | $270.74M |
| Other Assets | $1.94B | $- | $- | $- | $- | $- | $- |
| Total Assets | $2.26B | $1.95B | $1.61B | $1.07B | $725.82M | $433.92M | $333.08M |
| Account Payables | $3.05M | $4.69M | $1.39M | $419.00K | $916.00K | $1.17M | $223.00K |
| Short Term Debt | $228.61M | $3.85M | $121.93M | $- | $- | $- | $- |
| Tax Payables | $- | $- | $- | $- | $- | $- | $- |
| Deferred Revenue | $10.39M | $3.07M | $2.94M | $1.92M | $1.55M | $-173.91M | $-243.19M |
| Other Current Liabilities | $-44.00K | $15.21M | $16.86M | $78.64M | $4.24M | $270.00K | $2.41M |
| Total Current Liabilities | $252.40M | $26.82M | $135.95M | $80.98M | $6.71M | $2.04M | $2.64M |
| Long Term Debt | $655.28M | $640.09M | $529.79M | $243.77M | $191.03M | $178.59M | $246.85M |
| Deferred Revenue Non-Current | $- | $- | $2.94M | $1.92M | $1.55M | $181.49M | $250.34M |
| Deferred Tax Liabilities Non-Current | $- | $- | $-17.48M | $-12.33M | $-6.71M | $4.67M | $3.67M |
| Other Non-Current Liabilities | $3.13M | $5.89M | $-118.46M | $-46.13M | $- | $-3.81M | $-2.82M |
| Total Non-Current Liabilities | $658.42M | $645.98M | $411.32M | $197.65M | $191.03M | $179.45M | $247.70M |
| Other Liabilities | $10.39M | $- | $- | $- | $- | $- | $- |
| Total Liabilities | $921.21M | $672.80M | $547.27M | $278.63M | $197.74M | $181.49M | $250.34M |
| Preferred Stock | $- | $- | $- | $- | $- | $28.00K | $- |
| Common Stock | $816.00K | $732.00K | $580.00K | $442.00K | $282.00K | $89.00K | $82.75M |
| Retained Earnings | $-188.05M | $-112.28M | $-66.94M | $-35.12M | $-7.46M | $28.00K | $- |
| Accumulated Other Comprehensive Income Loss | $10.21M | $8.94M | $23.67M | $4.12M | $235.00K | $-0 | $- |
| Other Total Stockholders Equity | $1.51B | $1.37B | $1.09B | $809.72M | $501.05M | $164.42M | $- |
| Total Stockholders Equity | $1.33B | $1.26B | $1.05B | $779.17M | $494.10M | $164.53M | $82.75M |
| Total Equity | $1.34B | $1.27B | $1.06B | $789.82M | $528.07M | $252.43M | $327.65M |
| Total Liabilities and Stockholders Equity | $2.26B | $1.95B | $1.61B | $1.07B | $725.82M | $433.92M | $333.08M |
| Minority Interest | $7.16M | $8.53M | $9.59M | $10.64M | $33.98M | $87.90M | $244.90M |
| Total Liabilities and Total Equity | $2.26B | $1.95B | $1.61B | $1.07B | $725.82M | $433.92M | $333.08M |
| Total Investments | $- | $14.44M | $24.07M | $4.31M | $253.00K | $-433.92M | $-570.88M |
| Total Debt | $894.28M | $640.25M | $524.32M | $261.65M | $191.03M | $178.59M | $246.85M |
| Net Debt | $879.96M | $621.82M | $453.78M | $254.04M | $98.39M | $9.27M | $245.62M |
Cash Flow Statement
| Breakdown | December 31, 2024 | December 31, 2023 | December 31, 2022 | December 31, 2021 | December 31, 2020 | December 31, 2019 | December 31, 2018 |
|---|---|---|---|---|---|---|---|
| Net Income | $-12.00M | $6.84M | $8.21M | $3.15M | $212.00K | $-8.07M | $-20.30M |
| Depreciation and Amortization | $76.87M | $63.68M | $50.08M | $30.81M | $15.46M | $10.42M | $12.88M |
| Deferred Income Tax | $- | $- | $- | $104.00K | $-3.52M | $- | $- |
| Stock Based Compensation | $5.66M | $4.82M | $4.76M | $3.70M | $2.45M | $- | $- |
| Change in Working Capital | $-2.15M | $2.46M | $-4.98M | $676.00K | $-30.00K | $-513.00K | $648.00K |
| Accounts Receivables | $- | $- | $- | $- | $- | $- | $- |
| Inventory | $- | $- | $- | $- | $- | $- | $- |
| Accounts Payables | $-946.00K | $3.70M | $1.22M | $1.74M | $3.37M | $-580.00K | $647.00K |
| Other Working Capital | $-1.20M | $-1.24M | $-6.19M | $-1.06M | $-3.40M | $67.00K | $1.00K |
| Other Non Cash Items | $21.78M | $2.36M | $-7.41M | $-6.96M | $-1.82M | $4.15M | $15.67M |
| Net Cash Provided by Operating Activities | $90.16M | $80.16M | $50.65M | $31.48M | $12.75M | $5.99M | $8.90M |
| Investments in Property Plant and Equipment | $- | $-35.00K | $-1.21M | $-732.00K | $-51.00K | $-2.79M | $-31.61M |
| Acquisitions Net | $- | $- | $445.75M | $410.21M | $360.51M | $-166.73M | $- |
| Purchases of Investments | $- | $- | $-471.26M | $-441.33M | $-408.58M | $259.75M | $- |
| Sales Maturities of Investments | $- | $- | $25.52M | $31.12M | $48.07M | $77.62M | $9.55M |
| Other Investing Activities | $-432.88M | $-451.92M | $-467.15M | $-429.40M | $-362.08M | $-91.91M | $-22.05M |
| Net Cash Used for Investing Activities | $-432.88M | $-451.95M | $-468.36M | $-430.13M | $-362.13M | $75.93M | $-22.05M |
| Debt Repayment | $- | $116.86M | $248.95M | $64.00M | $- | $-77.03M | $7.68M |
| Common Stock Issued | $135.47M | $271.39M | $277.72M | $283.14M | $281.96M | $164.73M | $- |
| Common Stock Repurchased | $- | $-688.00K | $-1.48M | $-504.00K | $-275.00K | $-164.73M | $- |
| Dividends Paid | $-63.83M | $-51.82M | $-39.87M | $-30.23M | $-8.07M | $-5.62M | $-10.01M |
| Other Financing Activities | $255.45M | $-5.24M | $-6.14M | $-3.31M | $-940.00K | $338.00K | $12.77M |
| Net Cash Used Provided by Financing Activities | $327.10M | $331.18M | $480.65M | $313.61M | $272.71M | $-82.32M | $10.44M |
| Effect of Forex Changes on Cash | $- | $- | $- | $- | $- | $- | $- |
| Net Change in Cash | $-15.61M | $-40.61M | $62.94M | $-85.04M | $-76.68M | $-394.00K | $-2.71M |
| Cash at End of Period | $14.32M | $29.93M | $70.54M | $7.60M | $92.64M | $1.56M | $1.95M |
| Cash at Beginning of Period | $29.93M | $70.54M | $7.60M | $92.64M | $169.32M | $1.95M | $4.66M |
| Operating Cash Flow | $90.16M | $80.16M | $50.65M | $31.48M | $12.75M | $5.99M | $8.90M |
| Capital Expenditure | $- | $-35.00K | $-1.21M | $-732.00K | $-51.00K | $-2.79M | $-31.61M |
| Free Cash Flow | $90.16M | $80.12M | $49.44M | $30.75M | $12.70M | $3.19M | $-22.70M |