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Lineage $LINE

Real Estate

Russell 1000 Michigan

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$34.44

+1.22 (+3.67%)

As of Oct 21, 2026, 1:22 AM EDT

Price history

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Lineage (LINE) is trading up at $34.44 (+3.67%), as of the latest quote. It is a Russell 1000 constituent in the Real Estate sector.

IPO: July 25, 2024 · $78.00 offering · NASDAQ · View IPO details →

Lineage revenue & net income history (FY2022–FY2025)

RevenueNet incomeNet margin (right axis, %)

Lineage annual financial statements
	FY2022Dec 2022	FY2023Dec 2023	FY2024Dec 2024	FY2025Dec 2025
Income statement
Revenue	$4.93B	$5.34B	$5.34B	$5.36B
Growth (year over year)	—	+8.4%	−0.0%	+0.3%
Gross profit	$1.46B	$1.75B	$1.76B	$1.72B
Gross margin	29.5%	32.8%	33.0%	32.1%
Operating income	$297.0M	$398.0M	−$361.0M	$181.0M
Operating margin	6.0%	7.5%	−6.8%	3.4%
Net income	−$63.0M	−$77.0M	−$664.0M	−$100.0M
Net margin	−1.3%	−1.4%	−12.4%	−1.9%
EPS (diluted)	−$0.51	−$0.73	−$3.70	−$0.43
Balance sheet
Cash and equivalents	$202.0M	$68.0M	$173.0M	$66.0M
Total assets	—	$18.9B	$18.7B	$19.2B
Total liabilities	—	$12.8B	$8.97B	$9.94B
Long-term debt	—	$8.96B	$4.91B	$6.11B
Shareholders' equity	$5.81B	$5.05B	$8.64B	$8.25B
Cash flow
Operating cash flow	$501.0M	$796.0M	$703.0M	$943.0M
Capital expenditure	$813.0M	$766.0M	$691.0M	$747.0M
Free cash flow	−$312.0M	$30.0M	$12.0M	$196.0M
Dividends paid	$180.0M	$46.0M	$234.0M	$537.0M
Share buybacks	$0	$12.0M	$42.0M	$82.0M

RevenueNet incomeNet margin (right axis, %)

Lineage quarterly financial statements
	Q3 FY24Sep 2024	Q4 FY24^†Dec 2024	Q1 FY25Mar 2025	Q2 FY25Jun 2025	Q3 FY25Sep 2025	Q4 FY25^†Dec 2025	Q1 FY26Mar 2026	Q2 FY26Jun 2026
Income statement
Revenue	$1.33B	$1.34B	$1.29B	$1.35B	$1.38B	$1.34B	$1.30B	$1.36B
Growth (year over year)	+0.5%	+0.4%	−2.7%	+0.9%	+3.1%	−0.2%	+0.4%	+0.8%
Gross profit	$438.0M	$433.0M	$416.0M	$430.0M	$445.0M	$430.0M	$417.0M	$425.0M
Gross margin	32.8%	32.3%	32.2%	31.9%	32.3%	32.2%	32.2%	31.2%
Operating income	−$515.0M	−$21.0M	$56.0M	$23.0M	$35.0M	$67.0M	$36.0M	$54.0M
Operating margin	−38.6%	−1.6%	4.3%	1.7%	2.5%	5.0%	2.8%	4.0%
Net income	−$485.0M	−$71.0M	$0	−$6.00M	−$100.0M	$6.00M	−$46.0M	−$29.0M
Net margin	−36.3%	−5.3%	0.0%	−0.4%	−7.3%	0.4%	−3.5%	−2.1%
EPS (diluted)	−$2.44	−$0.52	$0.01	−$0.03	−$0.44	$0.03	−$0.18	−$0.13
Balance sheet
Cash and equivalents	$409.0M	$173.0M	$197.0M	$82.0M	$75.0M	$66.0M	$67.0M	$58.0M
Total assets	$19.3B	$18.7B	$18.8B	$19.4B	$19.2B	$19.2B	$19.0B	$18.9B
Total liabilities	$9.13B	$8.97B	$9.12B	$9.78B	$9.81B	$9.94B	$9.99B	$10.0B
Long-term debt	$4.96B	$4.91B	$5.13B	$5.74B	$5.92B	$6.11B	$6.26B	$6.22B
Shareholders' equity	$9.03B	$8.64B	$8.59B	$8.64B	$8.38B	$8.25B	$8.09B	$7.89B
Cash flow
Operating cash flow	$186.0M	$257.0M	$139.0M	$258.0M	$230.0M	$316.0M	$130.0M	$311.0M
Capital expenditure	$153.0M	$205.0M	$151.0M	$163.0M	$195.0M	$238.0M	$185.0M	$125.0M
Free cash flow	$33.0M	$52.0M	−$12.0M	$95.0M	$35.0M	$78.0M	−$55.0M	$186.0M
Dividends paid	$15.0M	$96.0M	$134.0M	$134.0M	$134.0M	$135.0M	$133.0M	$136.0M
Share buybacks	$0	$17.0M	$0	$0	$0	$82.0M	—	—

From Lineage's 10-K and 10-Q filings with the SEC; its fiscal year ends in December. Each period shows the latest figure the company has reported for it, including restatements. Net margin is our own calculation from those reported figures (net income ÷ revenue); it is left blank where revenue is zero or missing. † Quarter derived from the company's year-to-date or full-year totals. Filings on SEC EDGAR →

About Lineage

Lineage, Inc. is the world's largest temperature-controlled warehouse real estate investment trust (REIT), owned by Bay Grove, LLC. Entering international markets in 2017, Lineage grew into the world's largest refrigerated warehousing company with a capacity exceeding 3 billion cubic feet and acquiring more than 100 companies through the end of 2023. Lineage operates over 450 facilities across 18 countries, with approximately 26,000 team members globally in North America, Europe, and Asia Pacific.

Source: Wikipedia — Lineage (company)