Modiv Industrial, Inc. (MDV)

From the record

Modiv Industrial, Inc.'s filings since 2017 show 8 warning events of 4 kinds: a notice about its exchange listing (8-K item 3.01, the latest 2026-08-12); a warning not to rely on past financial statements (8-K item 4.02, the latest 2020-11-02); an auditor change (8-K item 4.01, 2 times, the latest 2023-03-31); a late-report notice (Form NT 10-K or NT 10-Q, 4 times, the latest 2023-05-16) (its current reports).

From the record

Modiv Industrial, Inc.'s 6 filed years say what it did: revenue went from $862 thousand in fiscal 2016 to $46 million in fiscal 2025, up 55.7% a year; it rose in 3 of 5 years; the deepest fall was 2% from fiscal 2023 to fiscal 2025; net income was positive in 2 of 10 of those years (its annual reports).

From the record

Over the 3 fiscal years to 2025-12-31, Modiv Industrial, Inc.'s diluted share count grew about 16.0% a year, and dividends and buybacks returned about 25% of its operating cash flow over 3 years (its filed statements). Its officers and directors filed 0 sales and 4 purchases of their own stock on the open market in the year to 2026-09-30, buying about $163 thousand (their Form 4 filings).

From the record

Return on equity: in the fiscal year ended 2025-12-31, Modiv Industrial, Inc. earned about 1 cents of profit for every dollar of shareholders' money. Leverage: it owed about 66 cents per dollar of assets, and net share issuance: its share count grew 4.4% over the year (the filed statements).

From the record

Modiv Industrial, Inc.'s standing among 157 graded names in its industry family: revenue of $46 million in fiscal 2025 ranks in the bottom 7% by size; a net margin of 2.3% ranks in the bottom 32%; revenue growth of 14.5% a year over the last 3 filed years ranks in the top 18% (its annual reports).

From the record

Modiv Industrial, Inc.'s leadership, from its insiders' filings and its current reports: the chief executive on the record is Halfacre, Aaron Scott (CEO and President, as filed), filing under that title since 2019-01-04, 7.9 years (top 49% of its family); the 8 officers and directors filing in the last fifteen months have been on the record a median of 4.9 years (bottom 14%); 4 officer or director changes were reported on Form 8-K since 2023-11-13, against the 8 people in charge now (bottom 29%; fewer changes for each person reads higher) (the Form 4 record, its Form 8-K reports). Years count from a person's first filing in the SEC's data sets, which begin in 2006, so each is a floor.

From the record

Modiv Industrial, Inc.'s room to grow, from the newest filed statements (fiscal 2025): cash of $14 million against debt of $261 million leaves -51.9% of its assets as net cash, bottom 22% of its family; cash from operations less capital spending is 32.3% of revenue (bottom 46%) (its annual report).

From the record

Modiv Industrial, Inc.'s growth drivers, from the filed years to fiscal 2025: revenue grew 14.5% a year over the last three filed years against 55.7% over all 6, slowing (bottom 1% of its family); the newest year grew -0.8% (bottom 32%) (its annual reports). Modiv Industrial, Inc. tags no split of its revenue by line in the annual report on file, so growth by line cannot be read here; research and capital spending are on the trend.

From the record

Modiv Industrial, Inc.'s newest year against its own record: revenue of $46 million in fiscal 2025 came in 15.4% below the $55 million its prior three years' pace pointed to (bottom 14% of its family); net income of $1 million against a prior three-year average of $799 thousand (top 12%); a net margin of 2.3% against -3.7% before (top 30%) (its annual reports).