AGREE REALTY CORP (ADC)

SEC fundamentals · as filed in 10-Q FY2026, period ended Sep 30, 2026 · updated Oct 22, 2026

Verified against EDGAR

Total Assets

$10.95B

Stockholders' Equity

$6.94B

Cash & Equivalents

$80.6M

Long-Term Debt

—

as filed in 10-Q FY2026, period ended Sep 30, 2026 · View filings on EDGAR ↗

In its 10-Q for the period ended Sep 30, 2026, AGREE REALTY CORP reported revenue of $213.9M, net income of $68.4M, and total assets of $10.95B. Every figure below is taken directly from AGREE REALTY CORP's SEC filings: each links to the source document on EDGAR.

Revenue trend

Revenue · FY2016–FY2025 · as reported

$718.4M$381.8M$45.1M

FY2016FY2019FY2022FY2025

Revenue$718.4MNet income$204.3M

FY2016 revenue: $91.5M
FY2025 revenue: $718.4M

Revenue and net income by fiscal year

As reported in each year’s annual filing · USD

Fiscal year	Revenue	Net income
FY2025	$718.4M	$204.3M
FY2024	$617.1M	$189.2M
FY2023	$537.5M	$170.0M
FY2022	$429.8M	$152.4M
FY2021	$339.3M	$122.3M
FY2020	$248.6M	$91.4M
FY2019	$187.5M	$80.1M
FY2018	$137.1M	$58.2M
FY2017	$111.5M	$58.1M
FY2016	$91.5M	$45.1M

Recent SEC filings

Filed by the registrant · newest first · insider forms and holder schedules not included

Form	Filed	Source
8-K	Oct 20, 2026	on EDGAR ↗
10-Q	Oct 20, 2026	on EDGAR ↗
8-K	Oct 2, 2026	on EDGAR ↗
8-K	Sep 22, 2026	on EDGAR ↗
8-K	Jul 30, 2026	on EDGAR ↗
10-Q	Jul 30, 2026	on EDGAR ↗
8-K	Jul 2, 2026	on EDGAR ↗
8-K	May 14, 2026	on EDGAR ↗
8-K	Apr 24, 2026	on EDGAR ↗
10-Q	Apr 21, 2026	on EDGAR ↗

All filings on EDGAR ↗

Balance Sheet

as of Sep 30, 2026 · 10-Q

Total Assets	$10.95B	Assets	source ↗
Stockholders’ Equity	$6.94B	StockholdersEquity	source ↗
Cash & Equivalents	$80.6M	CashAndCashEquivalentsAtCarryingValue	source ↗
Long-Term Debt	—	—	source ↗

Income Statement

10-Q (quarterly) · period ended Sep 30, 2026

Revenue	$213.9M	Revenues	source ↗
Net Income	$68.4M	NetIncomeLoss	source ↗
Operating Income	$109.6M	OperatingIncomeLoss	source ↗
Gross Profit	—	—	source ↗
Cost of Revenue	—	—	source ↗
R&D Expense	—	—	source ↗

Per Share & Cash Flow

10-Q (quarterly) · period ended Sep 30, 2026

EPS (diluted)	$0.53	EarningsPerShareDiluted	source ↗
EPS (basic)	$0.53	EarningsPerShareBasic	source ↗
Shares Outstanding	130.1M	EntityCommonStockSharesOutstanding	source ↗
Cash from Operations	$184.6M	NetCashProvidedByUsedInOperatingActivities	source ↗
Cash from Financing	$217.8M	NetCashProvidedByUsedInFinancingActivities	source ↗
Cash from Investing	-$332.1M	NetCashProvidedByUsedInInvestingActivities	source ↗

Insider activity

Form 4 open-market activity, last 180 days

Buys: 10
Sells: 0
Net shares: +97.5K

Restatement history

Point-in-time

21 of 385 annual fact-keys were materially restated between filings: what AGREE REALTY CORP first reported differed from what it later filed. We keep every vintage of every annual figure, each keyed to its EDGAR accession.

See each original-vs-restated value, and query any company as of any past date, with the point-in-time API.

See the restatement detail →

Deeper fundamentals

A free API key reaches ADC’s revenue, margin and free-cash-flow trajectory (newest 3 fiscal years) and its leverage, liquidity and return ratios (newest 4 quarters). Analyst extends those to up to 20 years and 20 quarters, and adds the Piotroski F-score and accruals quality score. As-of fundamentals at any past date are on Free too, up to 10 lookups a day; Analyst removes that cap and adds the original-vs-restated detail, across the whole SEC universe.

Get a free API key →See plans

Programmatic access

Everything on this page is served by the Distill API and by the MCP server at mcp.distillmarkets.com. A free key is issued at sign-up with no card; the full reference is in the docs.

These fundamentals, as filed: curl
curl -H "X-Api-Key: $DISTILL_API_KEY" \
https://api.distillmarkets.com/api/v1/sec/fundamentals/ADC
MCP tool: get_sec_fundamentals ticker=ADC
The same figures as they were known on any past date: curl
curl -H "X-Api-Key: $DISTILL_API_KEY" \
https://api.distillmarkets.com/api/v1/sec/fundamentals/ADC/as-of/YYYY-MM-DD
MCP tool: get_asof_fundamentals ticker=ADC as_of=YYYY-MM-DD
Fiscal-year trajectory: revenue, margins, free cash flow: curl
curl -H "X-Api-Key: $DISTILL_API_KEY" \
https://api.distillmarkets.com/api/v1/sec/fundamentals/ADC/history
MCP tool: get_fundamentals_history ticker=ADC
Leverage, liquidity, margin and return ratios: curl
curl -H "X-Api-Key: $DISTILL_API_KEY" \
https://api.distillmarkets.com/api/v1/sec/financial-health/ADC
MCP tool: get_financial_health ticker=ADC

Not investment advice. Figures are shown as filed with the SEC; see the EDGAR source links for the original documents. Data may lag the latest filing.