St. Joe Co (JOE) financial statements: income statement, balance sheet and cash flow
St. Joe Co's income statement, balance sheet and cash flow statement as filed with the SEC (10-K and 10-Q), with the latest fiscal years and quarters. In its latest fiscal year (Dec 31, 2025 · FY), St. Joe Co reported revenue of $513.2M (+27.4% year on year) and net income of $115.9M (+60.1% year on year).
Income statement
St. Joe Co income statement, fiscal years
Line item
Dec 31, 2025 · FY
Dec 31, 2024 · FY
Dec 31, 2023 · FY
Dec 31, 2022 · FY
Revenue
$449.6M
$342.4M
$338.4M
$213.1M
Leasing revenue
$63.6M
$60.3M
$50.8M
$39.2M
Total revenue
$513.2M
$402.7M
$389.3M
$252.3M
Cost of revenue
$292.3M
$235.5M
$236.0M
$145.9M
Corporate and other operating expenses
$27.3M
$25.3M
$23.8M
$22.1M
Depreciation, depletion and amortization
$47.5M
$46.4M
$38.8M
$22.9M
Total expenses
$367.0M
$307.2M
$298.6M
$190.9M
Operating income
$146.2M
$95.6M
$90.7M
$61.5M
Investment income, net
$13.2M
$13.5M
$13.3M
$9.9M
Interest expense
($30.5M)
($33.6M)
($30.6M)
($18.4M)
Equity in income from unconsolidated joint ventures
$25.6M
$23.6M
$22.7M
$26.0M
Other income (expense), net
$580.0K
($746.0K)
$3.2M
$12.9M
Total other income, net
$8.9M
$2.8M
$9.3M
$33.1M
Income before income taxes
$155.1M
$98.3M
$100.1M
$94.6M
Income tax expense
($39.2M)
($26.0M)
($26.0M)
($24.4M)
Net income
$115.9M
$72.4M
$74.1M
$70.2M
Net (income) loss attributable to non-controlling interest
($255.0K)
$1.8M
$3.7M
$699.0K
Net income attributable to the Company
$115.6M
$74.2M
$77.7M
$70.9M
Basic (in dollars per share)
$2.00
$1.27
$1.33
$1.21
Diluted (in dollars per share)
$1.99
$1.27
$1.33
$1.21
Basic (in shares)
57.9M
58.3M
58.3M
58.7M
Diluted (in shares)
58.0M
58.3M
58.3M
58.7M
St. Joe Co income statement, quarters
Line item
Jun 30, 2026 · Q2
Mar 31, 2026 · Q1
Sep 30, 2025 · Q3
Jun 30, 2025 · Q2
Revenue
$143.8M
$84.4M
$144.4M
$112.6M
Leasing revenue
$15.0M
$14.7M
$16.7M
$16.5M
Total revenue
$158.8M
$99.0M
$161.1M
$129.1M
Cost of revenue
$85.4M
$61.1M
$89.6M
$73.7M
Corporate and other operating expenses
$7.3M
$8.4M
$6.9M
$6.4M
Depreciation, depletion and amortization
$11.4M
$11.4M
$11.7M
$12.0M
Total expenses
$104.1M
$80.9M
$108.1M
$92.1M
Operating income
$54.8M
$18.2M
$52.9M
$37.0M
Investment income, net
$3.3M
$3.3M
$3.1M
$3.2M
Interest expense
($6.9M)
($7.1M)
($7.8M)
($7.8M)
Equity in income from unconsolidated joint ventures
$4.5M
$3.5M
$3.5M
$7.5M
Other expense, net
($532.0K)
($80.0K)
$2.2M
($226.0K)
Total other income (expense), net
$324.0K
($379.0K)
$1.0M
$2.8M
Income before income taxes
$55.1M
$17.8M
$53.9M
$39.7M
Income tax expense
($14.1M)
($4.5M)
($13.7M)
($9.9M)
Net income
$41.0M
$13.3M
$40.2M
$29.8M
Net (income) loss attributable to non-controlling interest
($508.0K)
$647.0K
($1.5M)
($250.0K)
Net income attributable to the Company
$40.5M
$13.9M
$38.7M
$29.5M
Basic (in dollars per share)
$0.71
$0.24
$0.67
$0.51
Diluted (in dollars per share)
$0.71
$0.24
$0.67
$0.51
Basic (in shares)
57.2M
57.5M
57.8M
58.1M
Diluted (in shares)
57.2M
57.5M
57.9M
58.1M
Balance sheet
St. Joe Co balance sheet, fiscal years
Line item
Dec 31, 2025 · FY
Dec 31, 2024 · FY
Dec 31, 2023 · FY
Dec 31, 2022 · FY
Investment in real estate, net
$1.0B
$1.0B
$1.0B
$996.3M
Investment in unconsolidated joint ventures
$66.1M
$66.5M
$66.4M
$50.0M
Cash and cash equivalents
$129.6M
$88.8M
$86.1M
$37.7M
Other assets
$73.8M
$80.3M
$82.2M
$61.7M
Property and equipment, net
$41.3M
$59.1M
$66.0M
$39.6M
Investments held by special purpose entities
$202.8M
$203.5M
$204.2M
$204.9M
Total assets
$1.5B
$1.5B
$1.5B
$1.4B
Debt, net
$391.2M
$437.8M
$453.6M
$385.9M
Accounts payable and other liabilities
$48.3M
$54.0M
$58.6M
—
Deferred revenue
$58.7M
$59.3M
$62.8M
$38.9M
Deferred tax liabilities, net
$65.9M
$72.4M
$71.8M
$82.7M
Senior Notes held by special purpose entity
$178.8M
$178.5M
$178.2M
$177.9M
Total liabilities
$742.8M
$801.8M
$825.0M
$779.7M
Common stock, no par value; 180,000,000 shares authorized; 57,547,307 and 58,326,521 issued and outstanding at December 31, 2025 and December 31, 2024, respectively
229.5M
268.7M
270.8M
270.0M
Retained earnings
$536.2M
$454.2M
$410.4M
$358.3M
Accumulated other comprehensive income
$594.0K
$1.4M
$1.8M
$2.4M
Total stockholders' equity
$766.3M
$724.3M
$683.1M
$630.8M
Non-controlling interest
$9.3M
$12.5M
$15.4M
$20.3M
Total equity
$775.6M
$736.7M
$698.5M
$651.1M
Total liabilities and equity
$1.5B
$1.5B
$1.5B
$1.4B
St. Joe Co balance sheet, quarters
Line item
Jun 30, 2026
Mar 31, 2026
Sep 30, 2025
Jun 30, 2025
Investment in real estate, net
$990.8M
$999.8M
$1.0B
$1.0B
Investment in unconsolidated joint ventures
$70.3M
$68.1M
$67.5M
$73.9M
Cash and cash equivalents
$117.3M
$136.3M
$126.1M
$88.2M
Other assets
$91.6M
$71.5M
$72.2M
$81.8M
Property and equipment, net of accumulated depreciation of $112,969 and $105,175 as of June 30, 2026 and December 31, 2025, respectively
$36.0M
$39.6M
$44.7M
$52.6M
Investments held by special purpose entities
$202.4M
$202.4M
$202.8M
$203.1M
Total assets
$1.5B
$1.5B
$1.5B
$1.5B
Debt, net
$370.3M
$380.4M
$399.0M
$427.3M
Accounts payable and other liabilities
$63.7M
$57.6M
$56.1M
$60.7M
Deferred revenue
$62.4M
$61.8M
$60.2M
$60.4M
Deferred tax liabilities, net
$60.0M
$64.6M
$68.9M
$71.5M
Senior Notes held by special purpose entity
$179.0M
$178.9M
$178.7M
$178.7M
Total liabilities
$735.4M
$743.4M
$763.0M
$798.5M
Common stock, no par value; 180,000,000 shares authorized; 57,572,323 and 57,547,307 issued at June 30, 2026 and December 31, 2025, respectively; and 56,991,651 and 57,547,307 outstanding at June 30, 2026 and December 31, 2025, respectively
230.2M
229.8M
269.6M
269.3M
Retained earnings
$572.3M
$540.9M
$515.5M
$484.9M
Accumulated other comprehensive income
$463.0K
$550.0K
$758.0K
$926.0K
Treasury stock at cost, 580,672 shares held at June 30, 2026
-38.4M
-5.4M
-25.1M
-16.3M
Total stockholders' equity
$764.5M
$765.9M
$760.7M
$738.8M
Non-controlling interest
$8.5M
$8.5M
$10.2M
$11.2M
Total equity
$773.0M
$774.4M
$770.9M
$750.0M
Total liabilities and equity
$1.5B
$1.5B
$1.5B
$1.5B
Cash flow statement
St. Joe Co cash flow statement, fiscal years
Line item
Dec 31, 2025 · FY
Dec 31, 2024 · FY
Dec 31, 2023 · FY
Dec 31, 2022 · FY
Net income
$115.9M
$72.4M
$74.1M
$70.2M
Depreciation, depletion and amortization
$47.5M
$46.4M
$38.8M
$22.9M
Stock based compensation
$1.2M
$1.2M
$820.0K
$364.0K
Equity in income from unconsolidated joint ventures
($25.6M)
($23.6M)
—
—
Distribution of earnings from unconsolidated joint ventures
$35.6M
$26.8M
—
—
Deferred income tax
($6.2M)
($803.0K)
($10.7M)
$4.5M
Cost of real estate sold
$104.5M
$65.2M
$82.6M
$46.4M
Expenditures for and acquisition of real estate to be sold
($84.3M)
($79.4M)
($77.8M)
($97.5M)
Accretion income and other
($1.5M)
($1.8M)
($2.5M)
($1.3M)
Amortization of debt issuance costs
$875.0K
$982.0K
—
—
(Gain) loss on disposal of property and equipment
($2.5M)
$615.0K
$16.0K
$181.0K
Loss on extinguishment of debt
$421.0K
—
$133.0K
$130.0K
Other assets
$2.8M
$9.7M
($9.2M)
$15.3M
Deferred revenue
($431.0K)
($2.9M)
$11.1M
$2.7M
Accounts payable and other liabilities
$2.5M
($6.5M)
$10.1M
—
Net cash provided by operating activities
$190.7M
$108.0M
$103.8M
$48.2M
Expenditures for operating property
($19.8M)
($42.2M)
($133.8M)
($251.8M)
Expenditures for property and equipment
($4.1M)
($7.7M)
($6.2M)
($7.3M)
Proceeds from the disposition of assets
$4.6M
$88.0K
$71.0K
$49.0K
Capital contributions to unconsolidated joint ventures
($7.8M)
($1.7M)
($2.3M)
($2.5M)
Maturities of assets held by special purpose entities
$788.0K
$798.0K
$787.0K
$785.0K
Net cash used in investing activities
($26.2M)
($50.4M)
($99.1M)
($189.8M)
Capital distributions to non-controlling interest
($2.9M)
($972.0K)
($2.2M)
($2.4M)
Repurchase of common stock, including excise tax
($40.3M)
($3.4M)
—
($20.0M)
Dividends paid
($33.6M)
($30.3M)
($25.7M)
($23.5M)
Borrowings on debt
$67.8M
$1.1M
$121.8M
$184.5M
Principal payments for debt
($114.5M)
($18.2M)
($53.5M)
($20.2M)
Principal payments for finance leases
($175.0K)
($163.0K)
($153.0K)
($121.0K)
Debt issuance costs
($651.0K)
($148.0K)
($958.0K)
($1.9M)
Net cash (used in) provided by financing activities
($124.3M)
($52.1M)
$40.8M
$112.5M
Net increase in cash, cash equivalents and restricted cash
$40.2M
$5.5M
$45.5M
($29.1M)
Cash, cash equivalents and restricted cash at beginning of the year
$96.3M
$90.8M
$45.3M
$74.4M
Cash, cash equivalents and restricted cash at end of the year
$136.5M
$96.3M
$90.8M
$45.3M
St. Joe Co cash flow statement, quarters
Line item
Jun 30, 2026 · YTD
Mar 31, 2026 · Q1
Sep 30, 2025 · YTD
Jun 30, 2025 · YTD
Net income:
$54.3M
$13.3M
$86.6M
$46.4M
Depreciation, depletion and amortization
$22.8M
$11.4M
$35.8M
$24.1M
Stock based compensation
$670.0K
$327.0K
$924.0K
$615.0K
Equity in income from unconsolidated joint ventures
($8.0M)
($3.5M)
($21.2M)
($17.7M)
Distribution of earnings from unconsolidated joint ventures
$7.0M
$3.6M
$24.3M
$13.5M
Deferred income tax
($5.8M)
($1.3M)
($3.2M)
($740.0K)
Cost of real estate sold
$46.7M
$17.0M
$78.7M
$39.6M
Expenditures for and acquisition of real estate to be sold
($28.6M)
($13.1M)
($69.8M)
($55.0M)
Accretion income and other
($563.0K)
($238.0K)
($1.2M)
($964.0K)
Amortization of debt issuance costs
$404.0K
$235.0K
$671.0K
$452.0K
Loss on disposal of property and equipment
$4.0K
$5.0K
($2.5M)
$58.0K
Loss on extinguishment of debt
$98.0K
$13.0K
$397.0K
$86.0K
Other assets
($18.8M)
$2.3M
$4.9M
($2.1M)
Deferred revenue
$3.8M
$3.2M
$1.1M
$1.1M
Accounts payable and other liabilities
$12.2M
$9.0M
$10.8M
$10.6M
Net cash provided by operating activities
$86.2M
$42.2M
$146.3M
$60.1M
Expenditures for operating property
($13.0M)
($5.6M)
($16.3M)
($11.8M)
Expenditures for property and equipment
($3.0M)
($2.0M)
($3.5M)
($2.5M)
Proceeds from the disposition of assets
$19.0K
$7.0K
$4.6M
$67.0K
Capital contributions to unconsolidated joint ventures
($3.3M)
($1.8M)
($2.9M)
($2.1M)
Maturities of assets held by special purpose entities
$415.0K
$415.0K
$787.0K
$415.0K
Net cash used in investing activities
($18.9M)
($8.9M)
($17.3M)
($15.9M)
Capital contributions from non-controlling interest
$50.0K
$50.0K
—
—
Capital distributions to non-controlling interest
($668.0K)
($192.0K)
($2.9M)
($465.0K)
Repurchase of common stock, including excise tax
($37.9M)
($5.2M)
($25.1M)
($16.3M)
Payments for taxes withheld on vested restricted stock awards
($333.0K)
($333.0K)
—
—
Dividends paid
($18.3M)
($9.2M)
($24.4M)
($16.3M)
Principal payments for debt
($21.8M)
($10.9M)
($106.5M)
($38.0M)
Principal payments for finance leases
($171.0K)
($84.0K)
($120.0K)
($66.0K)
Net cash used in financing activities
($79.2M)
($25.9M)
($91.8M)
($43.7M)
Net (decrease) increase in cash, cash equivalents and restricted cash
($11.9M)
$7.4M
$37.2M
$507.0K
Cash, cash equivalents and restricted cash at beginning of the period
$136.5M
$136.5M
$96.3M
$96.3M
Cash, cash equivalents and restricted cash at end of the period