AXR · CIK 0000006207

AMREP CORP.

Annual figures as reported, FY2015–FY2026. Ratios and growth rates derived on-page.

Revenue

$52.8M

▲ +6.3% vs FY2025

Net income

$10.3M

▼ −19.1% vs FY2025

Free cash flow

$12.8M

▲ +32.3% vs FY2025

Diluted EPS

$1.91

▼ −19.4% vs FY2025

Revenue

Annual, as reported

Net income

Losses shown in terracotta

Recent quarters

momentum · last 12 quarters

Revenue — Jul ’26 quarter

$6.1M

▼ −66.1% vs Jul ’25

Net income — Jul ’26 quarter

$276K

▼ −94.1% vs Jul ’25

Revenue — trailing 12 months

$41.0M

▼ −15.3% vs Jul ’25

Diluted EPS — trailing 12 months

$1.09

▼ −56.0% vs Jul ’25

Quarterly revenue

Discrete quarters; Q4 derived from the annual figure

Quarterly net income

Discrete quarters; Q4 derived from the annual figure

Quarter	Revenue	Rev. YoY	Gross margin	Net income	Net margin	Diluted EPS
Jul ’26	$6.1M	−66.1%	—	$276K	4.6%	$0.05
Apr ’26	$11.0M	−1.4%	—	$1.2M	11.3%	$0.24
Jan ’26	$14.6M	93.8%	—	$3.1M	21.6%	$0.58
Oct ’25	$9.4M	−21.1%	—	$1.2M	12.8%	$0.22
Jul ’25	$17.9M	−6.5%	—	$4.7M	26.3%	$0.87
Apr ’25	$11.2M	−42.8%	—	$3.9M	34.8%	$0.73
Jan ’25	$7.5M	−40.7%	—	$717K	9.5%	$0.13
Oct ’24	$11.9M	34.5%	—	$4.0M	33.9%	$0.75

Profitability & returns

quality of earnings

Margins

Share of revenue kept at each line

Operating marginNet margin

Returns on capital

Net income vs year-end equity and assets

Return on equityReturn on assets

Cash flow

cash generation

Free cash flow

Operating cash flow less capital expenditure

Operating cash flow

Net cash from operations

Shareholder returns

capital allocation

Diluted shares outstanding

Falling count means buybacks outpace dilution

Balance sheet

financial position

Stockholders’ equity

At fiscal year end

Net debt

Long-term debt less cash — negative means net cash

Growth rates

compounding, annualized

Income statement

CAGR over 3, 5 and 10 years

Cash flow & share count

FCF compounding; share count as total change

Key ratios

derived per fiscal year

Fiscal year	Op. margin	Net margin	FCF margin	ROE	ROA	Debt / equity
FY2026	23.4%	19.5%	24.2%	7.3%	7.1%	0.00×
FY2025	24.4%	25.6%	19.4%	9.8%	9.5%	0.00×
FY2024	14.8%	13.0%	20.0%	5.7%	5.4%	0.00×
FY2023	12.0%	44.8%	12.9%	19.6%	18.8%	0.00×
FY2022	36.2%	26.9%	24.1%	19.1%	16.7%	0.02×
FY2021	22.6%	18.4%	31.5%	8.3%	7.6%	0.04×
FY2020	−42.4%	−31.4%	4.0%	−7.0%	−6.1%	0.05×
FY2019	−25.3%	12.0%	4.6%	1.7%	1.5%	—
FY2018	—	2.7%	5.4%	0.3%	0.2%	—
FY2017	—	−0.0%	24.0%	−0.0%	−0.0%	—
FY2016	—	−24.5%	6.4%	−12.3%	−8.5%	—
FY2015	—	22.7%	17.7%	12.1%	8.2%	0.15×

Annual figures

as reported

Fiscal year	Revenue	Gross profit	Op. income	Net income	Diluted EPS	Op. cash flow	Capex	Total assets	Liabilities	Equity	Cash	LT debt
FY2026	$52.8M	—	$12.4M	$10.3M	$1.91	$12.9M	$102K	$144.8M	$4.0M	$140.7M	$52.3M	$18K
FY2025	$49.7M	—	$12.1M	$12.7M	$2.37	$10.2M	$583K	$133.8M	$3.8M	$130.0M	$39.5M	$26K
FY2024	$51.4M	—	$7.6M	$6.7M	$1.25	$10.7M	$457K	$122.8M	$4.8M	$118.0M	$29.7M	$35K
FY2023	$48.7M	—	$5.8M	$21.8M	$4.11	$6.4M	$131K	$115.9M	$4.9M	$111.0M	$20.0M	$44K
FY2022	$58.9M	—	$21.3M	$15.9M	$2.21	$15.5M	$1.3M	$94.9M	$11.8M	$83.2M	$15.7M	$2.0M
FY2021	$40.1M	—	$9.0M	$7.4M	$0.95	$12.6M	$5K	$97.4M	$8.5M	$88.9M	$24.8M	$3.5M
FY2020	$18.8M	—	−$8.0M	−$5.9M	−$0.73	$765K	$9K	$96.7M	$12.0M	$84.6M	$17.5M	$3.9M
FY2019	$12.8M	—	−$3.2M	$1.5M	$0.19	$592K	$8K	$100.5M	$10.7M	$89.8M	$13.3M	—
FY2018	$8.9M	—	—	$238K	$0.03	$531K	$52K	$106.2M	$19.1M	$87.1M	$10.9M	—
FY2017	$42.4M	—	—	−$15K	$0.00	$10.4M	$249K	$106.7M	$21.8M	$85.4M	$11.8M	—
FY2016	$41.7M	—	—	−$10.2M	−$1.27	$3.5M	$798K	$120.6M	$37.8M	$82.8M	$14.6M	—
FY2015	$49.8M	—	—	$11.3M	$1.43	$10.0M	$1.1M	$138.7M	$45.4M	$93.3M	$12.1M	$14.0M

Latest filings

the most recent regulatory filings

8-KCurrent report — material event2026-09-11 ↗10-QQuarterly report2026-09-11 ↗DEF 14AProxy statement2026-08-04 ↗4OWNERSHIP DOCUMENT2026-07-30 ↗144Notice of proposed insider sale2026-07-29 ↗8-KCurrent report — material event2026-07-24 ↗10-KAnnual report2026-07-24 ↗4OWNERSHIP DOCUMENT2026-07-14 ↗4OWNERSHIP DOCUMENT2026-07-14 ↗8-KCurrent report — material event2026-07-14 ↗

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Quarter

Revenue

Rev. YoY

Gross margin

Net income

Net margin

Diluted EPS

Jul ’26

$6.1M

−66.1%

—

$276K

4.6%

$0.05

Apr ’26

$11.0M

−1.4%

—

$1.2M

11.3%

$0.24

Jan ’26

$14.6M

93.8%

—

$3.1M

21.6%

$0.58

Oct ’25

$9.4M

−21.1%

—

$1.2M

12.8%

$0.22

Jul ’25

$17.9M

−6.5%

—

$4.7M

26.3%

$0.87

Apr ’25

$11.2M

−42.8%

—

$3.9M

34.8%

$0.73

Jan ’25

$7.5M

−40.7%

—

$717K

9.5%

$0.13

Oct ’24

$11.9M

34.5%

—

$4.0M

33.9%

$0.75

Fiscal year

Op. margin

Net margin

FCF margin

ROE

ROA

Debt / equity

FY2026

23.4%

19.5%

24.2%

7.3%

7.1%

0.00×

FY2025

24.4%

25.6%

19.4%

9.8%

9.5%

0.00×

FY2024

14.8%

13.0%

20.0%

5.7%

5.4%

0.00×

FY2023

12.0%

44.8%

12.9%

19.6%

18.8%

0.00×

FY2022

36.2%

26.9%

24.1%

19.1%

16.7%

0.02×

FY2021

22.6%

18.4%

31.5%

8.3%

7.6%

0.04×

FY2020

−42.4%

−31.4%

4.0%

−7.0%

−6.1%

0.05×

FY2019

−25.3%

12.0%

4.6%

1.7%

1.5%

—

FY2018

—

2.7%

5.4%

0.3%

0.2%

—

FY2017

—

−0.0%

24.0%

−0.0%

—

FY2016

—

−24.5%

6.4%

−12.3%

−8.5%

—

FY2015

—

22.7%

17.7%

12.1%

8.2%

0.15×

Fiscal year

Revenue

Gross profit

Op. income

Net income

Diluted EPS

Op. cash flow

Capex

Total assets

Liabilities

Equity

Cash

LT debt

FY2026

$52.8M

—

$12.4M

$10.3M

$1.91

$12.9M

$102K

$144.8M

$4.0M

$140.7M

$52.3M

$18K

FY2025

$49.7M

—

$12.1M

$12.7M

$2.37

$10.2M

$583K

$133.8M

$3.8M

$130.0M

$39.5M

$26K

FY2024

$51.4M

—

$7.6M

$6.7M

$1.25

$10.7M

$457K

$122.8M

$4.8M

$118.0M

$29.7M

$35K

FY2023

$48.7M

—

$5.8M

$21.8M

$4.11

$6.4M

$131K

$115.9M

$4.9M

$111.0M

$20.0M

$44K

FY2022

$58.9M

—

$21.3M

$15.9M

$2.21

$15.5M

$1.3M

$94.9M

$11.8M

$83.2M

$15.7M

$2.0M

FY2021

$40.1M

—

$9.0M

$7.4M

$0.95

$12.6M

$5K

$97.4M

$8.5M

$88.9M

$24.8M

$3.5M

FY2020

$18.8M

—

−$8.0M

−$5.9M

−$0.73

$765K

$9K

$96.7M

$12.0M

$84.6M

$17.5M

$3.9M

FY2019

$12.8M

—

−$3.2M

$1.5M

$0.19

$592K

$8K

$100.5M

$10.7M

$89.8M

$13.3M

—

FY2018

$8.9M

—

$238K

$0.03

$531K

$52K

$106.2M

$19.1M

$87.1M

$10.9M

—

FY2017

$42.4M

—

−$15K

$0.00

$10.4M

$249K

$106.7M

$21.8M

$85.4M

$11.8M

—

FY2016

$41.7M

—

−$10.2M

−$1.27

$3.5M

$798K

$120.6M

$37.8M

$82.8M

$14.6M

—

FY2015

$49.8M

—

$11.3M

$1.43

$10.0M

$1.1M

$138.7M

$45.4M

$93.3M

$12.1M

$14.0M