Millrose Properties, Inc. Financial Summary

Complete Filing Data

Millrose Properties, Inc. reported Stockholders Equity of $5.86 billion for FY2025.

All values from 10-K, 20-F, and 10-Q filings on SEC EDGAR, organized by financial statement. Scroll each table horizontally for the full history. Blank cells mean Millrose Properties, Inc. did not report that metric for that period in XBRL — often because accounting standards changed which tag a company files under (for example, most companies moved revenue to the ASC-606 tag in 2018), so a metric may continue in a different row. Rows marked * merge those successor tags into one continuous series, preferring the audited value from the newest-standard tag where periods overlap.

Income Statement

Annual (10-K / 20-F)

Metric \ Fiscal YearFY2025FY2024FY2023
Net Income *$379.9M-$246.2M-$209.8M
Operating Income Loss$486.1M-$246.2M-$209.8M
Operating Expenses$114.4M$246.2M$209.8M
Net Income Loss Available To Common Stockholders Basic$404.8M-$246.2M-$209.8M
Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest$400.4M-$246.2M-$209.8M
Selling General And Administrative Expense From Pre Spin Period$25.0M$246.2M$209.8M
Income Tax Expense Benefit$20.5M
Revenues$600.5M
Nonoperating Income Expense-$85.7M
Interest Expense Nonoperating$91.8M
Other Nonoperating Income Expense-$1.6M
Option Fee Revenues$571.0M
Deferred Income Tax Liabilities Net$77.3M

Quarterly (10-Q, single quarters)

Metric \ QuarterQ3 2025Q2 2025Q1 2025Q3 2024Q2 2024Q1 2024
Net Income *$105.1M$112.8M$39.8M-$63.7M-$59.8M-$57.0M
Operating Income Loss$152.8M$126.9M$45.6M-$63.7M-$59.8M-$57.0M
Operating Expenses$26.4M$22.1M$37.1M$63.7M$59.8M$57.0M
Net Income Loss Available To Common Stockholders Basic$105.1M$112.8M$64.8M-$63.7M-$59.8M-$57.0M
Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest$110.9M$117.5M$44.2M-$63.7M-$59.8M-$57.0M
Selling General And Administrative Expense From Pre Spin Period$25.0M$63.7M$59.8M$57.0M
Income Tax Expense Benefit$5.9M$4.8M$4.4M$0.00$0.00$0.00
Revenues$179.3M$149.0M$82.7M
Nonoperating Income Expense-$41.9M-$9.3M-$1.4M
Interest Expense Nonoperating$43.7M$10.3M$2.5M
Other Nonoperating Income Expense-$616.0K-$866.0K
Option Fee Revenues$170.3M$0.00
Deferred Income Tax Liabilities Net$71.8M$56.9M$56.9M

Balance Sheet

Annual (10-K / 20-F)

Metric \ Fiscal YearFY2025FY2024FY2023FY2022
Stockholders Equity$5.86B$5.16B$4.46B$3.77B
Liabilities And Stockholders Equity$9.26B$5.47B
Cash And Cash Equivalents At Carrying Value$35.0M$0.00
Assets$9.26B$5.47B
Liabilities$3.40B$306.9M
Debt Longterm And Shortterm Combined Amount$2.11B$24.2M
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents$35.0M$0.00
Inventory Net$5.47B
Repayments Of Notes Payable$6.0M
Other Liabilities$185.4M
Other Assets$21.4M
Option Deposit Non Cash-$90.3M
Non Cash Increase In Additional Paid In Capital Spin Off-$4.87B
Non Cash Impacts Of Common Stock Issued Spin Off-$1.7M
Liabilities For Transaction Deal Costs And Seller Notes-$96.9M
Increase In Deferred Tax Liabilities Non Cash-$116.7M
Development Guarantees Holdback Liabilities-$100.0M
Development Guarantee Holdback Liability$100.0M
Decrease In Deferred Tax Liabilities Non Cash$59.8M
Cash Contribution From Lennar Spin Off$415.2M
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect$35.0M
Builder Deposits Liability$927.0M
Amortization Of Debt Discount Premium-$13.0K

Quarterly (10-Q, single quarters)

Metric \ QuarterQ3 2025Q2 2025Q1 2025Q3 2024Q2 2024Q1 2024
Stockholders Equity$5.86B$5.87B$5.88B$4.04B$3.77B$4.24B
Liabilities And Stockholders Equity$9.02B$7.97B$7.15B
Cash And Cash Equivalents At Carrying Value$242.6M$66.6M$89.5M
Assets$9.02B$7.97B$7.15B
Liabilities$3.17B$2.10B$1.28B
Debt Longterm And Shortterm Combined Amount$1.97B$1.01B$350.0M
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents$242.6M$66.6M$89.5M
Inventory Net$8.36B$7.85B$7.00B
Repayments Of Notes Payable$6.0M
Other Liabilities$153.2M$131.8M$85.0M
Other Assets$22.1M$15.3M$16.7M
Option Deposit Non Cash-$90.3M
Non Cash Increase In Additional Paid In Capital Spin Off-$4.87B
Non Cash Impacts Of Common Stock Issued Spin Off-$1.7M
Liabilities For Transaction Deal Costs And Seller Notes-$96.9M
Increase In Deferred Tax Liabilities Non Cash-$116.7M
Development Guarantees Holdback Liabilities-$100.0M
Development Guarantee Holdback Liability$100.0M$100.0M$100.0M
Decrease In Deferred Tax Liabilities Non Cash$59.8M
Cash Contribution From Lennar Spin Off$415.2M
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect$89.5M
Builder Deposits Liability$874.3M$799.6M$684.6M
Amortization Of Debt Discount Premium$15.0K

Cash Flow Statement

Annual (10-K / 20-F)

Metric \ Fiscal YearFY2025FY2024FY2023
Net Cash Provided By Used In Operating Activities$3.67B-$917.2M-$865.1M
Net Cash Provided By Used In Financing Activities$2.08B$917.2M$865.1M
Share Based Compensation$677.0K$14.9M$10.1M
Payments Of Debt Issuance Costs$13.5M$18.7M
Increase Decrease In Inventories$716.1M$641.9M
Proceeds From Deposits On Real Estate Sales$584.8M
Payments To Acquire Land$858.9M
Payments For Spin Off Deal Costs$77.9M
Net Cash Provided By Used In Investing Activities-$5.72B
Increase Decrease In Other Operating Liabilities$47.7M
Increase Decrease In Deferred Liabilities$20.5M
Increase Decrease In Accounts Payable And Accrued Liabilities$30.2M-$23.6M

Quarterly (10-Q, single quarters)

Metric \ QuarterQ1 2025Q1 2024
Net Cash Provided By Used In Operating Activities$21.3M$182.4M
Net Cash Provided By Used In Financing Activities$674.4M-$182.4M
Share Based Compensation$7.2M
Payments Of Debt Issuance Costs$16.1M
Increase Decrease In Inventories-$232.2M
Proceeds From Deposits On Real Estate Sales$584.8M
Payments To Acquire Land$858.9M
Payments For Spin Off Deal Costs$75.1M
Net Cash Provided By Used In Investing Activities-$606.2M
Increase Decrease In Other Operating Liabilities$6.1M
Increase Decrease In Deferred Liabilities$65.0K
Increase Decrease In Accounts Payable And Accrued Liabilities

Per-Share & Share Counts

Annual (10-K / 20-F)

Metric \ Fiscal YearFY2025FY2024
Common Stock Shares Authorized450.0M
Common Stock Par Or Stated Value Per Share$0.01
Weighted Average Number Of Shares Outstanding Basic166.0M
Weighted Average Number Of Diluted Shares Outstanding166.0M
Earnings Per Share Diluted$2.44
Earnings Per Share Basic$2.44
Shares Outstanding0.00
Preferred Stock Shares Outstanding0.00
Preferred Stock Shares Issued0.00
Preferred Stock Shares Authorized50.0M
Preferred Stock Par Or Stated Value Per Share$0.01

Quarterly (10-Q, single quarters)

Metric \ QuarterQ3 2025Q2 2025Q1 2025Q3 2024Q2 2024Q1 2024
Common Stock Shares Authorized450.0M450.0M450.0M
Common Stock Par Or Stated Value Per Share$0.01$0.01$0.01
Weighted Average Number Of Shares Outstanding Basic166.0M166.0M166.0M
Weighted Average Number Of Diluted Shares Outstanding166.0M166.0M166.0M
Earnings Per Share Diluted$0.63$0.68$0.39
Earnings Per Share Basic$0.63$0.68$0.39
Shares Outstanding0.000.000.00
Preferred Stock Shares Outstanding0.000.000.00
Preferred Stock Shares Issued0.000.000.00
Preferred Stock Shares Authorized50.0M50.0M50.0M
Preferred Stock Par Or Stated Value Per Share$0.01$0.01$0.01

Other Metrics

Annual (10-K / 20-F)

Metric \ Fiscal YearFY2025FY2024FY2023
Additional Paid In Capital$5.87B
Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value$677.0K$14.9M$10.1M
Development Loan Income$29.5M$0.00$0.00
Management Fee Expense$87.8M
Investment Income Interest$7.7M
Dividends$423.3M
Stock Based Compensation Expense$677.0K
Other Partners Capital$5.16B
Operating Interest Paid Reveived In Kind$29.5M
Net Adjustments For Expenses From Pre-Spin Periods$25.0M
Interest Paid Net$23.9M
Finished Homesites$2.49B
Dividends Declared But Not Paid$124.5M
Contributions To Predecessor
Amortization Of Financing Costs And Discounts$20.3M
Adjustments To Additional Paid In Capital Contributions From Spin-Off$5.87B
Adjustment For Expenses From Pre Spin Periods$25.0M

Quarterly (10-Q, single quarters)

Metric \ QuarterQ3 2025Q2 2025Q1 2025Q3 2024Q2 2024Q1 2024
Additional Paid In Capital$5.87B$5.87B$5.87B
Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value$189.0K$181.0K$1.3M$1.7M$7.2M
Development Loan Income$8.9M$0.00
Management Fee Expense$25.9M$22.0M$12.1M
Investment Income Interest$2.5M$1.8M$1.1M
Dividends$121.2M$114.5M$63.1M
Stock Based Compensation Expense$189.0K$181.0K
Other Partners Capital
Operating Interest Paid Reveived In Kind$2.6M
Net Adjustments For Expenses From Pre-Spin Periods$25.0M
Interest Paid Net$571.0K
Finished Homesites
Dividends Declared But Not Paid$63.1M
Contributions To Predecessor$415.6M-$166.3M
Amortization Of Financing Costs And Discounts$157.0K
Adjustments To Additional Paid In Capital Contributions From Spin-Off$5.87B
Adjustment For Expenses From Pre Spin Periods$25.0M

Most recent annual filing with the SEC: March 2, 2026

Data sourced from SEC EDGAR public filings as of August 6, 2026.