---
title: "Gyrodyne | 10-Q: FY2026 Q1 Revenue: USD 2.369 M"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/265210776.md"
datetime: "2025-11-10T21:05:56.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/265210776.md)
  - [en](https://longbridge.com/en/news/265210776.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/265210776.md)
---

# Gyrodyne | 10-Q: FY2026 Q1 Revenue: USD 2.369 M

Revenue: As of FY2026 Q1, the actual value is USD 2.369 M.

EBIT: As of FY2026 Q1, the actual value is USD -912.78 K.

### Segment Revenue

-   **Rental Income**: For the nine months ended September 30, 2025, rental income from the Company’s three largest tenants represented approximately 26%, 19%, and 11% of total rental income.

### Operational Metrics

-   **Net Assets in Liquidation**: As of September 30, 2025, net assets in liquidation were $32,378,669, an increase from $30,596,313 as of December 31, 2024. This increase is mainly due to a $4,502,000 increase in real estate value due to the B2K Agreement and a net increase in revenues of approximately $280,500 due to leasing activity.
-   **Estimated Liquidation and Operating Costs**: The Company estimates it will incur $12,273,245 in liquidation and operating costs net of estimated receipts during the remaining liquidation period.

### Cash Flow

-   **Cash and Cash Equivalents**: As of September 30, 2025, the Company had cash and cash equivalents totaling approximately $5.11 million.
-   **Operating Cash Flow**: The Company generated $785,257 in net operating income from $2,369,450 in rent and reimbursements, offset by $1,584,193 in operating costs.

### Unique Metrics

-   **Land Entitlement Costs**: During the nine months ended September 30, 2025, the Company incurred approximately $311,200 of land entitlement costs, with an estimated additional $1,142,000 to be incurred through 2027.

### Future Outlook and Strategy

-   **Core Business Focus**: Gyrodyne’s strategy is to enhance the value of Flowerfield and Cortlandt Manor by pursuing entitlement opportunities to provide purchasers increased development flexibility, and by enhancing the value of leases. The Company plans to dissolve after completing the disposition of all real property assets and distributing proceeds to shareholders.
-   **Non-Core Business**: The Company is open to offers for the acquisition of the Company itself if such acquisition would maximize the net asset in liquidation value for shareholders.
-   **Priority**: The Company anticipates completing the liquidation process by December 31, 2027, with estimated distributions of $14.72 per share based on current net assets.

### Related Stocks

- [GYRO.US](https://longbridge.com/en/quote/GYRO.US.md)

## Related News & Research

- [SemiLEDs Reports Second Quarter Fiscal Year 2026 Financial Results | LEDS Stock News](https://longbridge.com/en/news/282650581.md)
- [Landstar to Release First Quarter Results on  Tuesday, April 28, 2026 | LSTR Stock News](https://longbridge.com/en/news/282685115.md)
- [Pineapple Financial Reports Fiscal Q2 2026 Financial Results and Provides Digital Asset Treasury Update | PAPL Stock News](https://longbridge.com/en/news/282587469.md)
- [Kimberly-Clark shares tick higher after post-acquisition leadership plans revealed](https://longbridge.com/en/news/282861953.md)
- [Nordea Bank Abp: Repurchase of own shares on 13.04.2026 | NBNKF Stock News](https://longbridge.com/en/news/282586224.md)