NASDAQ$LINE

Lineage Inc · Q4 2025 earnings

Q4 2025 earnings · · Before market open

Briefing

Lineage reported Q4 2025 total revenue of $1.34 billion, roughly flat year over year, with GAAP net income of $6 million ($0.03 per diluted share).

Lineage posted Q4 2025 total revenue of $1.336 billion (-0.2% YoY) with GAAP net income of $6 million ($0.03 diluted EPS). Adjusted EBITDA was $327 million (24.5% margin, -2.4% YoY) and AFFO was $214 million ($0.83 per share). Full-year 2025 revenue was $5.355 billion (flat) with a GAAP net loss of $113 million; the company initiated 2026 guidance and declared a quarterly dividend of $0.5275 per share ($2.11 annualized).

  • Q4 revenue $1.336B essentially flat YoY; AFFO $214M ($0.83/share).
  • Adjusted EBITDA $327M with 24.5% margin; quarterly dividend $0.5275 ($2.11 annual rate).
  • Full-year GAAP net loss $(113)M reflects prior-period items; management focused on cold-storage platform scale.
  • 2026 guidance initiated alongside full-year 2025 results (see company release for detail).

Headline financials

Total Revenue

$1.34B

No prior period
EPS (adj)

$0.03

No prior period
Adjusted EBITDA

$327M

No prior period
Adjusted EBITDA Margin

24.5%

No prior period
Adjusted FFO

$214M

No prior period
Adjusted FFO per Share

$0.83

No prior period
Net Income

$6M

No prior period
Operating Income

$67M

No prior period

Revenue & EPS history

Lineage Inc · Revenue · Quarterly

$1.34B

Q4 2025
Beat estimate in 0 of 2 quarters(0%)
ActualEstimate

Forward guidance

Lineage initiated fiscal 2026 financial guidance with the Q4 release (full detail in the earnings materials); management emphasized operating the global temperature-controlled logistics network through normalized volume and cost trends.

Tailwinds

  • Stable Q4 revenue base near $1.34B with positive quarterly GAAP net income.
  • AFFO and dividend framework support shareholder returns ($2.11 annualized rate).
  • Leading cold-storage footprint supports long-term logistics demand.

Headwinds

  • Adjusted EBITDA and margin declined YoY in Q4.
  • Full-year 2025 GAAP net loss of $113 million ($0.43 per share).
  • Flat revenue growth highlights competitive and utilization pressure in warehousing.

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 6 quarterly earnings reports · overlaid with Q4 2025

Historical avgQ4 2025

-1.6%

Avg return

Earnings day

-5.3%

Avg return

5 days after

-8.6%

Avg return

30 days after

71%

5 / 7 earnings

Positive

+6.3%

Q4 2025

Best reaction

-14.6%

Q1 2025

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q1 2026+3.6%+7.7%+16.7%
Q4 2025+6.3%+7.1%-16.4%
Q3 2025+0.4%-10.5%-6.4%
Q2 2025+0.6%-9.8%-8.7%
Q1 2025-14.6%-21.6%-24.4%
Q3 2024-7.4%-8.8%-15.1%
Q2 2024+0.2%-1.0%-6.2%

Discussion

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