MDV MODIV INDUSTRIAL, INC.

Overview and Growth

Fiscal 2025 results for MODIV INDUSTRIAL, INC. combined $46.39M of revenue with net income of $1.07M and an operating cash inflow of $14.97M. At $46.39M, the top line establishes the operating scale supporting the company’s profit and cash-flow profile. Revenue was 0.8% below fiscal 2024 revenue of $46.76M, marking a top-line contraction. Diluted earnings per share were -$0.31, translating the period’s attributable earnings into the amount reported for each diluted share. Diluted EPS decreased by 224.0% from $0.25 in fiscal 2024, showing how the earnings change reached shareholders on a per-share basis. A diluted share base of 11.68M links the aggregate earnings figure to diluted EPS and helps frame the per-share comparison. The diluted share count was 4.4% higher than fiscal 2024, when diluted shares averaged 11.19M, adding context to the EPS comparison. Total assets stood at $476.46M, showing the scale of resources supporting revenue, earnings, liquidity, and financing. The revenue-to-assets relationship was 0.1x, showing the sales generated relative to the resources carried on the balance sheet.

Profitability

Operations produced $15.82M of income after the reported operating expense base, before the remaining non-operating and tax effects. The operating result equaled 34.1% of revenue, placing the absolute operating-income figure in the context of the company’s sales base. After all reported below-operating-line items, the company recorded net income of $1.07M for the fiscal year. The final earnings result represented 2.3% of revenue, connecting the absolute net income figure with the company’s top-line scale. EBITDA was $30.91M, adding a pre-interest, tax, depreciation, and amortization view of the company’s earnings capacity. Return on period-end equity was 0.5%, relating annual net income to the equity capital on the balance sheet. Net income represented 0.2% of period-end assets, placing the company’s bottom-line result against the total resource base employed. The company moved from fiscal 2024 net income of $6.02M to $1.07M, with the current outcome ending below that comparison.

Liquidity and Capital Structure

The company held $476.46M of assets against $274.41M of liabilities and $202.04M of equity, revealing how the asset base was financed. Cash and equivalents totaled $14.38M, identifying the most liquid reported component available within the broader current-asset balance. The company carried $261.48M of total debt at period end, which frames its leverage and debt-service burden. The debt-to-equity relationship was 1.29x, showing how much debt the company carried for each unit of book equity. Debt represented 54.9% of total assets, placing borrowing in the context of the company’s full resource base. Book equity represented 42.4% of total assets, quantifying the balance-sheet share supported by shareholder capital. Relative to total assets, liabilities measured 57.6%, complementing the separate equity-based view of the company’s capital structure. Cash and equivalents equaled 3.0% of total assets, showing the liquid cash component within the company’s broader resource base. Compared with $507.83M in fiscal 2024, the current asset base moved 6.2% and finished lower. Book equity was 5.6% lower than fiscal 2024 equity of $214.05M, showing how shareholder capital changed year over year. Cash and equivalents were 24.7% higher than fiscal 2024 cash of $11.53M, showing the year-over-year change in liquid resources.

Cash Flow and Earnings Quality

Cash flow from operations was $14.97M, a reported cash inflow that can be compared directly with net income and capital spending. Against net income, operating cash flow measured 14.01x, showing the relationship between accrual earnings and operating cash. Operating cash flow of $14.97M finished below fiscal 2024 operating cash flow of $18.24M, showing the year-over-year direction of cash generation.

Based on the annual report for the fiscal year ending Dec 31, 2025. Analysis generated Sep 24, 2026.