Lineage Inc'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), Lineage Inc reported revenue of $5.4B (+0.3% year on year) and net income of ($115.0M) (+86.3% year on year).
| Line item | Dec 31, 2025 · FY | Dec 31, 2024 · FY |
|---|---|---|
| Net revenues | $5.4B | $5.3B |
| Cost of operations | $3.6B | $3.6B |
| General and administrative expense | $574.0M | $539.0M |
| Depreciation expense | $675.0M | $659.0M |
| Amortization expense | $220.0M | $217.0M |
| Acquisition, transaction, and other expense | $67.0M | $651.0M |
| Goodwill impairment | $48.0M | — |
| Restructuring, impairment, and (gain) loss on disposals | ($44.0M) | $57.0M |
| Total operating expense | $5.2B | $5.7B |
| Income from operations | $181.0M | ($361.0M) |
| Equity income (loss), net of tax | ($3.0M) | ($6.0M) |
| Gain (loss) on foreign currency transactions, net | $28.0M | ($25.0M) |
| Interest expense, net | ($268.0M) | ($430.0M) |
| Gain (loss) on extinguishment of debt | ($3.0M) | ($17.0M) |
| Other nonoperating income (expense), net | ($50.0M) | ($1.0M) |
| Total other income (expense), net | ($296.0M) | ($479.0M) |
| Net income (loss) before income taxes | ($115.0M) | ($840.0M) |
| Income tax expense (benefit) | ($2.0M) | ($89.0M) |
| Net income (loss) | ($113.0M) | ($751.0M) |
| Less: Net income (loss) attributable to noncontrolling interests | ($13.0M) | ($87.0M) |
| Net income (loss) attributable to Lineage, Inc. | ($100.0M) | ($664.0M) |
| Unrealized gain (loss) on interest rate hedges and foreign currency hedges | ($61.0M) | ($60.0M) |
| Foreign currency translation adjustments | $258.0M | ($207.0M) |
| Comprehensive income (loss) | $84.0M | ($1.0B) |
| Less: Comprehensive income (loss) attributable to noncontrolling interests | $8.0M | ($115.0M) |
| Comprehensive income (loss) attributable to Lineage, Inc. | $76.0M | ($903.0M) |
| Basic earnings (loss) per share (in dollars per share) | -$0.43 | -$3.70 |
| Diluted earnings (loss) per share (in dollars per share) | -$0.43 | -$3.70 |
| Basic (in shares) | 228.0M | 191.0M |
| Diluted (in shares) | 228.0M | 191.0M |
| Line item | Jun 30, 2026 · Q2 | Mar 31, 2026 · Q1 | Sep 30, 2025 · Q3 | Jun 30, 2025 · Q2 |
|---|---|---|---|---|
| Net revenues | $1.4B | $1.3B | $1.4B | $1.4B |
| Cost of operations | $936.0M | $880.0M | $932.0M | $920.0M |
| General and administrative expense | $138.0M | $141.0M | $145.0M | $143.0M |
| Depreciation expense | $182.0M | $177.0M | $174.0M | $170.0M |
| Amortization expense | $55.0M | $56.0M | $56.0M | $54.0M |
| Acquisition, transaction, and other expense | $0 | $4.0M | $12.0M | $37.0M |
| Restructuring, impairment, and (gain) loss on disposals | ($4.0M) | $3.0M | $23.0M | $3.0M |
| Total operating expense | $1.3B | $1.3B | $1.3B | $1.3B |
| Income from operations | $54.0M | $36.0M | $35.0M | $23.0M |
| Equity income (loss), net of tax | $0 | ($3.0M) | ($2.0M) | $3.0M |
| Gain (loss) on foreign currency transactions, net | $0 | $3.0M | ($6.0M) | $26.0M |
| Interest expense, net | ($87.0M) | ($84.0M) | ($68.0M) | ($67.0M) |
| Other nonoperating income (expense), net | $0 | $1.0M | ($57.0M) | $1.0M |
| Total other income (expense), net | ($87.0M) | ($83.0M) | ($136.0M) | ($37.0M) |
| Net income (loss) before income taxes | ($33.0M) | ($47.0M) | ($101.0M) | ($14.0M) |
| Income tax expense (benefit) | ($1.0M) | $4.0M | $11.0M | ($7.0M) |
| Net income (loss) | ($32.0M) | ($51.0M) | ($112.0M) | ($7.0M) |
| Less: Net income (loss) attributable to noncontrolling interests | ($3.0M) | ($5.0M) | ($12.0M) | ($1.0M) |
| Net income (loss) attributable to Lineage, Inc. | ($29.0M) | ($46.0M) | ($100.0M) | ($6.0M) |
| Unrealized gain (loss) on interest rate hedges and foreign currency hedges | $6.0M | $5.0M | ($15.0M) | ($14.0M) |
| Foreign currency translation adjustments | ($31.0M) | ($33.0M) | ($25.0M) | $184.0M |
| Comprehensive income (loss) | ($57.0M) | ($79.0M) | ($152.0M) | $163.0M |
| Less: Comprehensive income (loss) attributable to noncontrolling interests | ($6.0M) | ($8.0M) | ($16.0M) | $17.0M |
| Comprehensive income (loss) attributable to Lineage, Inc. | ($51.0M) | ($71.0M) | ($136.0M) | $146.0M |
| Basic earnings (loss) per share (in dollars per share) | -$0.13 | -$0.18 | -$0.44 | -$0.03 |
| Diluted earnings (loss) per share (in dollars per share) | -$0.13 | -$0.18 | -$0.44 | -$0.03 |
| Basic (in shares) | 228.0M | 227.0M | 228.0M | 229.0M |
| Diluted (in shares) | 228.0M | 227.0M | 228.0M | 229.0M |
| Line item | Dec 31, 2025 · FY | Dec 31, 2024 · FY |
|---|---|---|
| Cash, cash equivalents, and restricted cash | $66.0M | — |
| Accounts receivable, net | $896.0M | $826.0M |
| Inventories | $145.0M | $187.0M |
| Prepaid expenses and other current assets | $132.0M | $97.0M |
| Total current assets | $1.2B | $1.3B |
| Property, plant, and equipment, net | $11.3B | $10.6B |
| Finance lease right-of-use assets, net | $1.1B | $1.3B |
| Operating lease right-of-use assets, net | $616.0M | $627.0M |
| Equity method investments | $131.0M | $124.0M |
| Goodwill | $3.5B | $3.3B |
| Other intangible assets, net | $1.1B | $1.1B |
| Other assets | $204.0M | $279.0M |
| Total assets | $19.2B | $18.7B |
| Accounts payable and accrued liabilities | $1.3B | $1.2B |
| Accrued dividends and distributions | $134.0M | $134.0M |
| Deferred revenue | $81.0M | $83.0M |
| Current portion of long-term debt, net | $2.0M | $56.0M |
| Total current liabilities | $1.5B | $1.5B |
| Long-term finance lease obligations | $1.2B | $1.2B |
| Long-term operating lease obligations | $599.0M | $605.0M |
| Deferred income tax liability | $303.0M | $304.0M |
| Long-term debt, net | $6.1B | $4.9B |
| Other long-term liabilities | $169.0M | $410.0M |
| Total liabilities | $9.9B | $9.0B |
| Redeemable noncontrolling interests | $7.0M | $43.0M |
| Common stock, $0.01 par value per share – 500 authorized shares; 227 issued and outstanding at December 31, 2025 and 228 issued and outstanding at December 31, 2024 | $2000000.00 | $2000000.00 |
| Additional paid-in capital - common stock | $10.8B | $10.8B |
| Retained earnings (accumulated deficit) | ($2.4B) | ($1.9B) |
| Accumulated other comprehensive income (loss) | ($97.0M) | ($273.0M) |
| Total stockholders’ equity | $8.2B | $8.6B |
| Noncontrolling interests | $990.0M | $1.0B |
| Total equity | $9.2B | $9.7B |
| Total liabilities, redeemable noncontrolling interests, and equity | $19.2B | $18.7B |
| Line item | Jun 30, 2026 | Mar 31, 2026 | Sep 30, 2025 | Jun 30, 2025 |
|---|---|---|---|---|
| Cash, cash equivalents, and restricted cash | $58.0M | $67.0M | $75.0M | $82.0M |
| Accounts receivable, net | $920.0M | $917.0M | $857.0M | $891.0M |
| Inventories | $122.0M | $137.0M | $167.0M | $174.0M |
| Prepaid expenses and other current assets | $141.0M | $142.0M | $183.0M | $201.0M |
| Total current assets | $1.2B | $1.3B | $1.3B | $1.3B |
| Property, plant, and equipment, net | $11.2B | $11.3B | $11.3B | $11.3B |
| Finance lease right-of-use assets, net | $1.1B | $1.1B | $1.1B | $1.1B |
| Operating lease right-of-use assets, net | $595.0M | $608.0M | $615.0M | $625.0M |
| Equity method investments | $134.0M | $135.0M | $131.0M | $133.0M |
| Goodwill | $3.4B | $3.4B | $3.5B | $3.5B |
| Other intangible assets, net | $1.0B | $1.1B | $1.1B | $1.1B |
| Other assets | $208.0M | $198.0M | $213.0M | $217.0M |
| Total assets | $18.9B | $19.0B | $19.2B | $19.4B |
| Accounts payable and accrued liabilities | $1.4B | $1.3B | $1.1B | $1.2B |
| Accrued dividends and distributions | $137.0M | $137.0M | $135.0M | $135.0M |
| Deferred revenue | $78.0M | $78.0M | $84.0M | $83.0M |
| Current portion of long-term debt, net | $2.0M | $2.0M | $22.0M | $32.0M |
| Total current liabilities | $1.6B | $1.5B | $1.3B | $1.4B |
| Long-term finance lease obligations | $1.2B | $1.2B | $1.2B | $1.2B |
| Long-term operating lease obligations | $574.0M | $587.0M | $598.0M | $605.0M |
| Deferred income tax liability | $279.0M | $286.0M | $310.0M | $328.0M |
| Long-term debt, net | $6.2B | $6.3B | $5.9B | $5.7B |
| Other long-term liabilities | $168.0M | $166.0M | $465.0M | $461.0M |
| Total liabilities | $10.0B | $10.0B | $9.8B | $9.8B |
| Redeemable noncontrolling interests | $0 | $0 | $7.0M | $7.0M |
| Common stock, $0.01 par value per share – 500 authorized shares; 228 issued and outstanding at June 30, 2026 and 227 issued and outstanding at December 31, 2025 | $2000000.00 | $2000000.00 | $2000000.00 | $2000000.00 |
| Additional paid-in capital - common stock | $10.8B | $10.8B | $10.8B | $10.8B |
| Retained earnings (accumulated deficit) | ($2.8B) | ($2.6B) | ($2.3B) | ($2.1B) |
| Accumulated other comprehensive income (loss) | ($144.0M) | ($122.0M) | ($115.0M) | ($79.0M) |
| Total stockholders’ equity | $7.9B | $8.1B | $8.4B | $8.6B |
| Noncontrolling interests | $981.0M | $967.0M | $995.0M | $1.0B |
| Total equity | $8.9B | $9.1B | $9.4B | $9.7B |
| Total liabilities, redeemable noncontrolling interests, and equity | $18.9B | $19.0B | $19.2B | $19.4B |
| Line item | Dec 31, 2025 · FY | Dec 31, 2024 · FY |
|---|---|---|
| Net income (loss) | ($113.0M) | ($751.0M) |
| Provision for credit losses | $6.0M | $5.0M |
| Impairment of long-lived assets and other intangible assets | $4.0M | — |
| Goodwill impairment | $48.0M | — |
| Gain on insurance recovery | ($58.0M) | ($76.0M) |
| Depreciation and amortization | $895.0M | $876.0M |
| (Gain) loss on extinguishment of debt, net | $3.0M | $17.0M |
| Amortization of deferred financing costs, discount, and above/below market debt | $12.0M | — |
| Stock-based compensation | $126.0M | $215.0M |
| (Gain) loss on foreign currency transactions, net | ($28.0M) | $25.0M |
| Deferred income tax | ($16.0M) | ($105.0M) |
| Put Options fair value adjustment | $30.0M | $31.0M |
| Proceeds from insurance recoveries - business interruption (see Note 20, Commitments and contingencies) | $8.0M | — |
| (Gain) loss on divestitures, net | $52.0M | $0 |
| (Gain) loss from sale of assets, net | ($23.0M) | — |
| Vesting of Class D interests (see Note 2, Capital structure and noncontrolling interests) | $0 | $185.0M |
| One-time Internalization expense to Bay Grove (see Note 2, Capital structure and noncontrolling interests) | $0 | $200.0M |
| Other operating activities | $8.0M | $19.0M |
| Accounts receivable | ($37.0M) | $64.0M |
| Prepaid expenses, other assets, and other long-term liabilities | ($11.0M) | ($29.0M) |
| Inventories | ($5.0M) | ($18.0M) |
| Accounts payable and accrued liabilities and deferred revenue | $40.0M | ($85.0M) |
| Right-of-use assets and lease obligations | $2.0M | $13.0M |
| Net cash provided by operating activities | $943.0M | $703.0M |
| Acquisitions, net of cash acquired | ($443.0M) | ($346.0M) |
| Purchase of property, plant, and equipment | ($747.0M) | ($691.0M) |
| Proceeds from sale of assets | $70.0M | $7.0M |
| Proceeds from divestiture, net of cash | $14.0M | — |
| Proceeds from insurance recovery on impaired long-lived assets | $51.0M | $105.0M |
| Investments in Emergent Cold LatAm Holdings, LLC | ($9.0M) | ($20.0M) |
| Proceeds from repayment of notes by related parties | $0 | — |
| Other investing activity | ($3.0M) | $8.0M |
| Net cash used in investing activities | ($1.1B) | ($919.0M) |
| Capital contributions, net of equity raise costs | $0 | $0 |
| Dividends and other distributions | ($537.0M) | ($234.0M) |
| Redemption of redeemable noncontrolling interests | ($28.0M) | ($6.0M) |
| Repurchase of common shares for employee income taxes on stock-based compensation | -12.0M | -46.0M |
| Financing fees | ($13.0M) | ($45.0M) |
| Proceeds from long-term debt, net of discount | $1.3B | $2.5B |
| Repayments of long-term debt and finance leases | ($231.0M) | ($7.1B) |
| Payment of deferred and contingent consideration liabilities | ($6.0M) | ($46.0M) |
| Borrowings on Revolving Credit Facility | $2.8B | $4.1B |
| Repayments on Revolving Credit Facility | ($3.1B) | ($3.5B) |
| Settlement of Put Option liability | ($144.0M) | ($27.0M) |
| Issuance of common stock in IPO, net of equity raise costs | $0 | $4.9B |
| Line item | Jun 30, 2026 · YTD | Mar 31, 2026 · Q1 | Sep 30, 2025 · YTD | Jun 30, 2025 · YTD |
|---|---|---|---|---|
| Net income (loss) | ($83.0M) | ($51.0M) | ($119.0M) | ($7.0M) |
| Provision for credit losses | $1.0M | $1.0M | $5.0M | $2.0M |
| Gain on insurance recovery | ($21.0M) | ($4.0M) | ($51.0M) | ($40.0M) |
| Depreciation and amortization | $470.0M | $233.0M | $666.0M | $436.0M |
| Amortization of deferred financing costs, discount, and above/below market debt | $7.0M | — | $8.0M | $5.0M |
| Stock-based compensation | $53.0M | $30.0M | $107.0M | $69.0M |
| (Gain) loss on foreign currency transactions, net | ($3.0M) | ($3.0M) | ($36.0M) | ($42.0M) |
| Deferred income tax | ($6.0M) | $1.0M | ($13.0M) | ($9.0M) |
| Put Options fair value adjustment | $0 | — | $30.0M | $28.0M |
| Proceeds from insurance recoveries - business interruption | $18.0M | — | — | — |
| Other operating activities | $8.0M | $8.0M | $6.0M | $1.0M |
| Accounts receivable | ($35.0M) | ($32.0M) | ($36.0M) | ($36.0M) |
| Prepaid expenses, other assets, and other long-term liabilities | $3.0M | ($16.0M) | ($28.0M) | ($24.0M) |
| Inventories | $19.0M | $6.0M | $20.0M | $15.0M |
| Accounts payable and accrued liabilities and deferred revenue | $7.0M | ($45.0M) | ($24.0M) | ($6.0M) |
| Right-of-use assets and lease obligations | $3.0M | $2.0M | $0 | $4.0M |
| Net cash provided by operating activities | $441.0M | $130.0M | $627.0M | $397.0M |
| Acquisitions, net of cash acquired | ($4.0M) | — | ($441.0M) | ($439.0M) |
| Purchase of property, plant, and equipment | ($310.0M) | ($185.0M) | ($509.0M) | ($314.0M) |
| Proceeds from sale of assets | $21.0M | $17.0M | $10.0M | $6.0M |
| Proceeds from insurance recovery on impaired long-lived assets | $9.0M | $6.0M | $49.0M | $38.0M |
| Investments in Emergent Cold LatAm Holdings, LLC | ($2.0M) | ($2.0M) | ($9.0M) | ($7.0M) |
| Other investing activity | $0 | $0 | $1.0M | ($2.0M) |
| Net cash used in investing activities | ($286.0M) | ($164.0M) | ($899.0M) | ($718.0M) |
| Dividends and other distributions | ($269.0M) | ($133.0M) | ($402.0M) | ($268.0M) |
| Redemption of redeemable noncontrolling interests | ($2.0M) | — | ($28.0M) | ($28.0M) |
| Repurchase of common shares for employee income taxes on stock-based compensation | -12.0M | — | -12.0M | -10.0M |
| Proceeds from long-term debt, net of discount | $0 | — | $495.0M | $495.0M |
| Repayments of long-term debt and finance leases | ($201.0M) | ($180.0M) | ($190.0M) | ($156.0M) |
| Borrowings on Revolving Credit Facility | $1.1B | $679.0M | $2.3B | $1.4B |
| Repayments on Revolving Credit Facility | ($736.0M) | ($325.0M) | ($1.9B) | ($1.2B) |
| Other financing activity | ($5.0M) | ($5.0M) | ($6.0M) | ($3.0M) |
| Net cash (used in) provided by financing activities | ($162.0M) | $36.0M | $172.0M | $226.0M |
| Impact of foreign exchange rates on cash, cash equivalents, and restricted cash | ($1.0M) | ($1.0M) | $0 | $2.0M |
| Net increase (decrease) in cash, cash equivalents, and restricted cash | ($8.0M) | $1.0M | ($100.0M) | ($93.0M) |
| Cash, cash equivalents, and restricted cash at the beginning of the period | $66.0M | $66.0M | $175.0M | $175.0M |
| Cash, cash equivalents, and restricted cash at the end of the period | $58.0M | $67.0M | $75.0M | $82.0M |
| Cash paid for taxes, net of refunds | $10.0M | $7.0M | $19.0M | $15.0M |
| Cash paid for interest, net of capitalized interest | $145.0M | $89.0M | $237.0M | $153.0M |
| Purchases of property, plant, and equipment in Accounts payable and accrued liabilities | $169.0M | $124.0M | $75.0M | $83.0M |
| Accrued dividends, distributions, and dividend equivalents | $138.0M | $136.0M | $137.0M | $136.0M |
| Assets acquired through exercise of a purchase option in a finance lease | $0 | $0 | $96.0M | $96.0M |
Lineage Inc score and earnings-call analysis · All covered companies
Figures as reported in SEC filings. General information, not investment advice.