Dorchester Minerals Income Statement

Financials in millions USD. Fiscal year is January - December.

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Operating Revenue	151.15	152.75	155.76	163.55	88.74
Other Revenue	1.68	1.89	2.26	0.67	1.01
Revenue	152.83	154.64	158.02	164.22	89.76
Revenue Growth (YoY)	-1.17%	-2.14%	-3.77%	82.96%	98.95%
Cost of Revenue	15.86	7.67	6.44	6.31	3.93
Gross Profit	136.98	146.97	151.59	157.91	85.83
Selling, General & Admin	13.32	11.93	11.16	8.22	5.19
Operating Expenses	79.62	54.52	37.47	27.3	15.65
Operating Income	57.35	92.45	114.12	130.61	70.17
Pretax Income	57.35	92.45	114.12	130.61	70.17
Earnings From Continuing Operations	57.35	92.45	114.12	130.61	70.17
Minority Interest in Earnings	-2.1	-3.25	-3.73	-4.49	-2.35
Net Income	55.25	89.2	110.39	126.12	67.83
Net Income to Common	55.25	89.2	110.39	126.12	67.83
Net Income Growth	-38.06%	-19.20%	-12.47%	85.95%	220.51%
Shares Outstanding (Basic)	48	42	39	38	35
Shares Outstanding (Diluted)	48	42	39	38	35
Shares Change (YoY)	13.98%	7.81%	3.08%	7.34%	1.07%
EPS (Basic)	1.16	2.13	2.85	3.35	1.94
EPS (Diluted)	1.16	2.13	2.85	3.35	1.94
EPS Growth	-45.65%	-25.05%	-15.09%	73.24%	217.11%
Free Cash Flow	132.49	132.64	139.84	147.05	70.31
Free Cash Flow Per Share	2.78	3.17	3.61	3.91	2.01
Dividend Per Share	-	3.219	3.519	3.742	1.931
Dividend Growth	-	-8.54%	-5.95%	93.81%	51.79%
Gross Margin	89.63%	95.04%	95.93%	96.16%	95.62%
Operating Margin	37.53%	59.78%	72.21%	79.53%	78.18%
Profit Margin	36.15%	57.68%	69.86%	76.80%	75.57%
Free Cash Flow Margin	86.69%	85.77%	88.50%	89.55%	78.33%
EBITDA	123.65	135.04	140.42	149.69	80.64
EBITDA Margin	80.91%	87.32%	88.86%	91.15%	89.84%
D&A For EBITDA	66.3	42.59	26.31	19.08	10.46
EBIT	57.35	92.45	114.12	130.61	70.17
EBIT Margin	37.53%	59.78%	72.21%	79.53%	78.18%
Revenue as Reported	152.83	161.52	163.8	170.8	93.42

Updated Dec 31, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.

SEC Filings: 10-K · 10-Q