SRG

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Seritage Growth Properties Class A

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Key Metrics

Previous Close: $2.07
52-Week Range: $2.05 – $4.56
Market Cap: $118.84M
P/E (TTM): —
EPS (TTM): -1.07
Dividend Yield: —

Advanced Metrics

Price/Book: 0.40
PEG Ratio: —
Return on Equity: -16.73%
Return on Assets: -3.03%
Gross Margin: 7.44%
Operating Margin: -178.38%
Profit Margin: 0.00%
Current Ratio: 6.17
Debt/Equity: 0.17
Total Debt: $50.26M
Free Cash Flow: $-23.31M
Revenue Growth: -56.00%
Earnings Growth: —
Enterprise Value: $120.71M

SRG Income statement, annual periods, in USD
USD	FY2022	FY2023	FY2024	FY2025
Revenue	$107.06M	$20.78M	$17.62M	$18.20M
Cost of Revenue	$65.72M	$27.41M	$20.27M	$16.44M
Gross Profit	$41.34M	-$6.63M	-$2.65M	$1.76M
Selling, General & Admin	$47.63M	$45.99M	$30.02M	$31.95M
Operating Expenses	$88.75M	$60.46M	$43.14M	$38.23M
Operating Income	-$47.41M	-$67.09M	-$45.79M	-$36.47M
EBITDA	$8.44M	-$95.66M	-$113.67M	-$41.51M
Pretax Income	-$119.63M	-$154.87M	-$151.95M	-$68.22M
Income Tax	$466.00K	$38.00K	$1.58M	$0.00
Net Income	-$73.94M	-$154.91M	-$153.54M	-$68.22M
Diluted EPS	-1.59	-2.85	-2.82	-1.30
Diluted Shares	49.73M	56.15M	56.26M	56.31M

SRG Balance Sheet statement, annual periods, in USD
USD	FY2022	FY2023	FY2024	FY2025
Cash & Equivalents	$133.48M	$134.00M	$85.21M	$48.09M
Receivables	$41.49M	$12.25M	$7.89M	$3.67M
Current Assets	$642.05M	$201.28M	$105.60M	$74.64M
Total Assets	$1.84B	$973.86M	$677.77M	$393.78M
Current Liabilities	$89.37M	$50.70M	$31.97M	$13.30M
Long-Term Debt	$1.03B	$360.00M	$240.00M	$47.68M
Total Debt	$1.03B	$360.00M	$240.00M	$47.68M
Total Liabilities	$1.12B	$410.70M	$271.97M	$60.98M
Retained Earnings	-$640.53M	-$800.34M	-$958.78M	-$1.03B
Shareholders' Equity	$720.47M	$561.99M	$404.46M	$331.42M
Working Capital	$552.68M	$150.58M	$73.63M	$61.34M
Net Debt	$896.27M	$226.00M	$154.79M	—

SRG Cash Flow statement, annual periods, in USD
USD	FY2022	FY2023	FY2024	FY2025
Operating Cash Flow	-$117.92M	-$53.06M	-$53.55M	-$34.90M
Free Cash Flow	-$117.92M	-$53.06M	-$53.55M	-$34.90M
Depreciation & Amortisation	$41.34M	$14.65M	$13.31M	$6.43M
Stock-Based Compensation	$2.77M	$2.73M	$1.49M	$201.00K
Investing Cash Flow	$586.08M	$732.91M	$126.87M	$198.47M
Financing Cash Flow	-$436.97M	-$675.09M	-$125.31M	-$198.99M
Dividends Paid	-$4.90M	-$4.90M	-$4.90M	-$4.90M
Share Repurchases	$0.00	-$315.00K	-$586.00K	-$126.00K
Net Change in Cash	$31.19M	$4.76M	-$51.99M	-$35.42M

SRG Income statement, quarterly periods, in USD
USD	Q1 2025	Q2 2025	Q3 2025	Q4 2025	Q1 2026
Revenue	$4.60M	$4.65M	$4.79M	$4.17M	$2.05M
Cost of Revenue	$3.86M	$3.93M	$4.23M	$4.42M	$1.79M
Gross Profit	$738.00K	$724.00K	$553.00K	-$250.00K	$256.00K
Selling, General & Admin	$15.69M	$6.17M	$4.92M	$5.16M	$5.29M
Operating Expenses	$17.77M	$8.21M	$6.62M	$5.63M	$5.69M
Operating Income	-$17.03M	-$7.49M	-$6.07M	-$5.88M	-$5.44M
EBITDA	-$15.04M	-$21.17M	-$4.50M	$34.00K	-$26.98M
Pretax Income	-$22.39M	-$28.39M	-$12.35M	-$5.08M	-$30.32M
Income Tax	-$190.00K	$115.00K	$75.00K	$0.00	$0.00
Net Income	-$22.20M	-$28.51M	-$12.42M	-$5.08M	-$30.32M
Diluted EPS	-0.42	-0.53	-0.24	—	-0.56
Diluted Shares	56.28M	56.32M	56.32M	—	56.32M

SRG Balance Sheet statement, quarterly periods, in USD
USD	Q1 2025	Q2 2025	Q3 2025	Q4 2025	Q1 2026
Cash & Equivalents	$94.27M	$71.80M	$51.54M	$48.09M	$44.50M
Receivables	$7.56M	$7.20M	$7.17M	$3.67M	$3.75M
Current Assets	$123.10M	$95.84M	$208.49M	$74.64M	$71.52M
Total Assets	$649.70M	$575.71M	$558.61M	$393.78M	$361.17M
Current Liabilities	$27.25M	$22.97M	$22.85M	$13.30M	$11.19M
Long-Term Debt	$240.00M	$200.00M	$196.67M	$47.68M	$48.66M
Total Debt	$240.00M	$200.00M	$196.67M	$47.68M	$48.66M
Total Liabilities	$267.25M	$222.97M	$219.52M	$60.98M	$59.85M
Retained Earnings	-$982.21M	-$1.01B	-$1.03B	-$1.03B	-$1.06B
Shareholders' Equity	$381.10M	$351.37M	$337.73M	$331.42M	$299.87M
Working Capital	$95.85M	$72.87M	$185.63M	$61.34M	$60.33M
Net Debt	$145.73M	$128.20M	$145.13M	—	$4.16M

SRG Cash Flow statement, quarterly periods, in USD
USD	Q1 2025	Q2 2025	Q3 2025	Q4 2025	Q1 2026
Operating Cash Flow	-$9.19M	-$12.04M	-$12.51M	-$1.16M	-$5.72M
Free Cash Flow	-$9.19M	-$12.04M	-$12.51M	-$1.16M	-$5.72M
Depreciation & Amortisation	$2.12M	$2.08M	$1.73M	$505.00K	$439.00K
Stock-Based Compensation	$201.00K	$0.00	$0.00	$0.00	$0.00
Investing Cash Flow	$19.84M	$26.25M	-$2.52M	$154.91M	$3.42M
Financing Cash Flow	-$1.23M	-$41.21M	-$5.22M	-$151.33M	-$1.17M
Dividends Paid	-$1.23M	-$1.23M	-$1.23M	-$1.23M	-$1.23M
Net Change in Cash	$9.42M	-$27.00M	-$20.26M	$2.41M	-$3.47M

Market Snapshot

About

Seritage Growth Properties is a real estate investment trust (REIT) focused on owning, developing, and managing retail and mixed-use properties. The company was formed through a spin-off from Sears Holdings and owns a portfolio of assets in key markets across the United States. It focuses on unlocking value through redevelopment and repositioning of its retail real estate.