Millrose Properties (MRP) earnings

Millrose Properties, Inc.· Real Estate

Results to: Jun 2026
Latest analysed call: Jun 2026 (Q2 FY26)
Balance sheet to: Dec 2025

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Millrose Properties earnings: last reported Tue, 4 Aug 2026, for the quarter ended Jun 2026.

Reported

The figures, each with its period

Each figure keeps its basis and period; nothing is filled in.

Metric	Value	Change	Basis	Period	Note
Revenue	197 $ million	+32.1% YoY	Quarterly, as filed	Quarter to Jun 2026	Revenue from operations as filed.
Operating margin	85.2 %	+0.0 pts YoY	Operating profit / revenue	Quarter to Jun 2026	For the quarter; a change is in percentage points.
Net profit	126 $ million	+11.6% YoY	Quarterly, as filed	Quarter to Jun 2026	Profit after tax as filed.

Source: Inve data from filed results (SEC filings) · to Jun 2026

Price

$21.98 −2.31% · −$0.52

Last close Oct 19, 2026 · US · USD

Performance −32.8% 1Y

1Y: $32.71 on 17 Oct 2025 → $21.98. High $33.05 (21 Oct 2025), low $21.22 (14 Oct 2026).

Previous close: $22.5
52-week range: $21.22 – $33.05
One year: −33.07%

Overview

Symbol: MRP
Sector: Real Estate
Exchange: US
Currency: USD

Financials

What the filings say

Net profit, year on year: +12% (quarter to jun 2026 against jun 2025).

In $ million. Oldest period first.

Line item	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
Sales	—	—	83	149	179	190	195	197
Operating profit	-64	-66	46	127	153	161	166	168
Operating margin	—	—	55.2%	85.1%	85.3%	84.8%	85.2%	85.2%
Other income	—	—	-1	-9	-42	-33	-38	-39
Interest	—	—	3	10	44	35	39	40
Profit before tax	-64	-66	44	118	111	128	128	128
Tax rate	0.0%	—	9.9%	4.1%	5.3%	4.3%	3.9%	1.9%
Net profit	-64	-66	40	113	105	122	123	126
EPS ($ per share)	—	—	0.39	0.68	0.63	—	0.74	0.76

Source: Inve data · income statement, quarterly · to Jun 2026

Line item	Dec 2023	Dec 2024	Dec 2025
Total liabilities	—	307	3,402
Total assets	—	5,465	9,258

In $ million. Oldest period first.

Line item	Dec 2023	Dec 2024	Dec 2025
Cash from operations	-865	-917	3,673
Cash from investing	—	—	-5,722
Cash from financing	865	917	2,084
Net cash flow	—	—	35

Source: Inve data · cash flow · to Dec 2025

MRP operating KPIs by quarter

MRP operating KPIs stated on its earnings calls, by fiscal quarter
KPI	Dec 2025 Q4 FY25	Mar 2026 Q1 FY26	Jun 2026 Q2 FY26	Change vs prior quarter
Homesites managed	~142K As of year-end, Millrose manages approximately 142,000 homesites across 933 communities in 30 states serving 15 distinct counterparties, 9 of which rank among the top 25 homebuilders in the country. Source: earnings call transcript	~143K During the quarter, we grew our total home sites under management to approximately 143,000 across 904 communities in 30 states, serving 17 distinct counterparties. Source: earnings call transcript	~143.771K We ended the quarter with approximately 143,771 home sites across 877 communities in 30 states, serving 19 counterparties after adding 2 new relationships during the quarter. Source: earnings call transcript	—
Communities	933 As of year-end, Millrose manages approximately 142,000 homesites across 933 communities in 30 states serving 15 distinct counterparties, 9 of which rank among the top 25 homebuilders in the country. Source: earnings call transcript	904 During the quarter, we grew our total home sites under management to approximately 143,000 across 904 communities in 30 states, serving 17 distinct counterparties. Source: earnings call transcript	877 We ended the quarter with approximately 143,771 home sites across 877 communities in 30 states, serving 19 counterparties after adding 2 new relationships during the quarter. Source: earnings call transcript	-3%
Counterparties	15 As of year-end, Millrose manages approximately 142,000 homesites across 933 communities in 30 states serving 15 distinct counterparties, 9 of which rank among the top 25 homebuilders in the country. Source: earnings call transcript	17 We ended the quarter with 17 counterparties, up from 15 at year-end, with approximately 31% of our portfolio deployed outside of the Lennar master program agreement. Source: earnings call transcript	19 We ended the quarter with approximately 143,771 home sites across 877 communities in 30 states, serving 19 counterparties after adding 2 new relationships during the quarter. Source: earnings call transcript	+11.8%

Operating figures the company stated on at least two of the calls shown, checked against each call's transcript. Click a figure to read the sentence. A dash means it was not stated that quarter.

Insider filings

27 filings between Oct 28, 2025 and Aug 10, 2026.

Open market

decisions to buy or sell

Purchases

$7.19M

16 purchases by 7 insiders

Sales

None

No insider sold shares.

Some filings report no price, so the dollar figures above are a floor, not a total.

Compensation

not trading decisions

10: Award — granted as compensation

Also filed: 1 other.

Who traded

open market only

Insider	Bought	Sold	Last filing
Richman Darren	$6.42M	—	May 11, 2026
Gorson Matthew B.	$320.1K	—	Aug 10, 2026
BARTELS PATRICK J JR	$243.9K	—	Oct 28, 2025
Migoya Carlos A	$61.4K	—	Aug 7, 2026
Lynch Kathleen B.	$59.0K	—	Nov 24, 2025
Nitkin Robert	$48.9K	—	May 12, 2026
Presa Rachel	$43.3K	—	May 13, 2026

Latest filings (48)

Date	Insider	What	Shares	Value
Aug 10, 2026	Gorson Matthew B. Director	Purchase	3,000	$86.4K
Aug 7, 2026	Migoya Carlos A Director	Purchase	1,000	$29.2K
May 18, 2026	Gorson Matthew B. Director	Purchase	4,500	$121.3K
May 13, 2026	Migoya Carlos A Director	Award	5,639	$0
May 13, 2026	Lynch Kathleen B. Director	Award	5,639	$0
May 13, 2026	Presa Rachel General Counsel and Secretary	Purchase	307	$8.2K
May 13, 2026	BARTELS PATRICK J JR Director	Award	5,639	$0
May 13, 2026	Mincey Mary Alison Director	Award	5,639	$0
May 13, 2026	Gorson Matthew B. Director	Award	5,639	$0
May 12, 2026	Nitkin Robert Chief Operating Officer	Purchase	1,840	$48.9K
May 11, 2026	Presa Rachel General Counsel and Secretary	Purchase	725	$19.7K
May 11, 2026	Richman Darren See Remarks	Purchase	195,000	$5.33M
May 11, 2026	Richman Darren See Remarks	Purchase	40,000	$1.09M
Mar 5, 2026	Gorson Matthew B. Director	Purchase	1,000	$30.7K
Dec 10, 2025	Mincey Mary Alison Director	Award	6,451	$0
Dec 10, 2025	Migoya Carlos A Director	Award	6,451	$0
Dec 10, 2025	Gorson Matthew B. Director	Award	6,451	$0
Dec 10, 2025	Lynch Kathleen B. Director	Award	6,451	$0
Dec 10, 2025	BARTELS PATRICK J JR Director	Award	6,451	$0
Nov 26, 2025	LENNAR CORP /NEW/ 10% owner	Other	33,298,754	—
Nov 26, 2025	Migoya Carlos A Director	Purchase	219	—
Nov 24, 2025	Lynch Kathleen B. Director	Purchase	1,860	$59.0K
Nov 12, 2025	Migoya Carlos A Director	Purchase	1,000	$32.2K
Oct 30, 2025	Presa Rachel General Counsel and Secretary	Purchase	242	$7.8K
Oct 30, 2025	Presa Rachel General Counsel and Secretary	Purchase	234	$7.6K
Oct 29, 2025	Gorson Matthew B. Director	Purchase	2,500	$81.7K
Oct 28, 2025	BARTELS PATRICK J JR Director	Purchase	7,500	$243.9K
May 21, 2025	Pasha Adil Chief Technology Officer	Purchase	2,500	$70.9K
May 20, 2025	BARTELS PATRICK J JR Director	Purchase	8,750	$250.4K
May 19, 2025	BARTELS PATRICK J JR Director	Purchase	8,750	$248.2K
May 19, 2025	Gorson Matthew B. Director	Purchase	7,500	$211.8K
May 19, 2025	Lynch Kathleen B. Director	Award	1,990	$56.4K
Apr 3, 2025	Mincey Mary Alison Director	Award	5,660	$0
Apr 3, 2025	Lynch Kathleen B. Director	Award	5,660	$0
Apr 3, 2025	BARTELS PATRICK J JR Director	Award	5,660	$0
Apr 3, 2025	Gorson Matthew B. Director	Award	5,660	$0
Apr 3, 2025	Migoya Carlos A Director	Award	5,660	$0
Mar 5, 2025	Migoya Carlos A Director	Purchase	3,458	$77.6K
Mar 3, 2025	Presa Rachel General Counsel and Secretary	Purchase	638	$14.5K
Mar 3, 2025	Presa Rachel General Counsel and Secretary	Purchase	354	$8.1K
Mar 3, 2025	Migoya Carlos A Director	Purchase	3,259	$74.6K
Mar 3, 2025	Rosenblum Garett See Remarks	Purchase	5,900	$134.7K
Feb 20, 2025	Nitkin Robert Chief Operating Officer	Purchase	3,225	$76.0K
Feb 14, 2025	Richman Darren See Remarks	Purchase	44,000	$1.01M
Feb 13, 2025	Richman Darren See Remarks	Purchase	176,152	$4.00M
Feb 13, 2025	Migoya Carlos A Director	Purchase	3,389	$74.6K
Feb 13, 2025	Gorson Matthew B. Director	Purchase	2,500	$56.5K
Feb 13, 2025	Richman Darren See Remarks	Purchase	44,848	$990.7K

Source: SEC Form 4 filings. Form 4 reports transactions, not the cap table — absence of filings says nothing about how much an insider owns, and a quiet window is not a signal.

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Millrose Properties (MRP) earnings

The figures, each with its period

Performance −32.8% 1Y

Jun 2026 (Q2 FY26) — Aug 4, 2026

Mar 2026 (Q1 FY26) — May 6, 2026

Dec 2025 (Q4 FY25) — Feb 26, 2026

Millrose Properties earnings calls (MRP)

What the filings say

MRP operating KPIs by quarter

Insider filings

Open market

Compensation

Who traded

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