Gladstone Commercial Corp. (GOODN) Financial Statements

Income statement

Metric	TTM	2025	2024	2023	2022
Revenue
Total Revenue	171.8M	161.3M	149.4M	147.6M	149.0M
Cost of Revenue	143.5M	151.8M	31.5M	32.2M	33.2M
Gross Profit	(14.2M)	9.6M	117.9M	115.3M	115.8M
Operating Expenses
R&D Expense	—	—	—	—	—
SG&A Expense	6.5M	6.6M	6.4M	6.7M	5.6M
General & Admin Expense	6.5M	6.6M	6.4M	6.7M	5.6M
Selling & Marketing Expense	—	—	—	—	—
Other Expenses	(65.6M)	(57.0M)	60.3M	57.9M	65.4M
Total Operating Expenses	(59.1M)	(50.4M)	66.7M	64.6M	71.0M
Cost and Expenses	77.0M	101.4M	98.2M	96.8M	104.2M
Operating Income (EBIT)	52.3M	60.0M	51.1M	50.8M	44.8M
Non-Operating
Interest Income	—	500.0K	—	—	—
Interest Expense	23.2M	41.9M	37.4M	37.3M	32.5M
Net Interest Income	(34.8M)	(41.4M)	(37.4M)	(37.3M)	(32.5M)
Other Non-Op Income/Expense	(31.7M)	(40.7M)	(27.1M)	(45.9M)	(34.0M)
Non-Operating Income (excl Interest)	58.1M	(1.2M)	(10.3M)	8.5M	1.6M
EBT (Pre-Tax Income)	15.4M	19.3M	24.0M	4.9M	10.8M
Income Tax Expense	—	—	—	—	—
Bottom Line
Net Income	15.4M	19.3M	24.0M	5.0M	10.8M
Earnings from Cont. Ops	15.4M	19.3M	24.0M	4.9M	10.8M
Earnings from Discont. Ops	—	—	—	—	—
Bottom Line Net Income	18.7M	18.9M	11.1M	(7.7M)	(1.5M)
Per Share
Basic EPS	$0.40	$0.41	$0.26	($0.19)	($0.04)
Diluted EPS	$0.40	$0.41	$0.26	($0.19)	($0.04)
Revenue Per Share	—	$3.42	$3.58	$3.69	$3.80
Shares
Basic Shares Outstanding	—	47.2M	41.8M	39.9M	39.3M
Diluted Shares Outstanding	—	47.2M	41.8M	39.9M	39.3M
Profitability Metrics
EBITDA	55.0M	119.5M	117.2M	100.1M	103.4M
D&A	60.7M	58.3M	55.8M	57.9M	60.2M
EBIT	(5.7M)	61.2M	61.4M	42.3M	43.2M

As reported, in the filing currency · TTM sums the four latest quarters; MRQ is the latest quarter · Negatives in parentheses; a dash is a line the filing does not carry · Data as of Sep 1, 2026