Bxp, Inc. (BXP) Financial Statements

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Bxp financial statements at a glance

Bxp reported revenue of $3.48 billion for fiscal year 2025 (ended December 31, 2025), up 2.2% from fiscal year 2024. Net income was $276.80 million, a net margin of 7.9%, and diluted earnings per share were $1.74.

At the end of fiscal year 2025 it had total assets of $26.17 billion, total liabilities of $18.47 billion and shareholders' equity of $5.15 billion, with cash and short-term investments of $1.48 billion and total debt of $17.36 billion.

Its operations brought in $1.25 billion of cash, leaving free cash flow of $1.25 billion.

The tables below show the income statement, balance sheet and cash flow statement; the key figures of the last 5 fiscal years are at the bottom of the page.

Figures from company filings, in USD; latest fiscal year ended December 31, 2025.

BXP logo

Bxp, Inc.

BXPUnited States
Financial Services
USD (Local)

Income Statement

Annual • USD

Total Revenue
3.48B
Revenue
-
Prev Year: 3.41B
Operating Revenue
3.47B
Weighted Average Shares (basic)
158.33M
Diluted EPS
1.74
Basic EPS
1.75
Other Special Charges
338.0K
Write-offs
85.80M
Salaries and Wages
16.38M
Gross Profit
2.11B
Prev Year: 2.07B
YoY: +2.1%
Cost of Revenue
1.37B
Prev Year: 1.34B
YoY: +2.4%
Operating Expense
1.10B
Selling General and Administrative
185.17M
General and Administrative Expense
185.17M
Other General and Administrative
168.79M
Depreciation Amortization Depletion
912.09M
Depreciation and amortization
912.09M
Operating Income
1.01B
Prev Year: 1.01B
YoY: +0.8%
Net Non Operating Interest Income Expense
-617.35M
SG&A Expenses
-
Prev Year: 159.98M
Non-operating Interest Income
35.78M
Non-operating Interest Expense
653.14M
Other Income Expense
-13.00M
Depreciation/Amortization
-
Prev Year: 887.19M
Gain on Sale of Securities
181.87M
Equity in Earnings of Affiliates
-103.56M
Special Income Charges
-91.31M
Restructuring and Mergers Acquisition
2.68M
Gain on Sale of Property, Plant and Equipment
-2.49M
Impairment of Capital Assets
-
Pre-tax Income
384.00M
Operating Expenses
-
Prev Year: 2.40B
Net Income Common Stockholders
276.80M
Net Income
276.80M
Prev Year: 14.27M
YoY: +1839.5%
Net Income Including Non-Controlling Interests
384.00M
Net Income from Continuing Operations
384.00M
Noncontrolling Interests
-107.19M
Diluted NI Available to Com Stockholders
276.80M
Net Income Before Taxes
-
Prev Year: 84.19M
Other, Net
-
Total Expenses
2.47B
Net Income After Taxes
-
Prev Year: 84.19M
Net Income from Continuing and Discontinued Operation
276.80M
Net Income Before Extra. Items
-
Prev Year: 14.27M
Normalized Income
205.26M
Interest Income
35.78M
Income Available to Com Excl ExtraOrd
-
Prev Year: 14.27M
Interest Expense
653.14M
Income Available to Com Incl ExtraOrd
-
Prev Year: 14.27M
Total Adjustments to Net Income
-
Net Interest Income
-617.35M
Diluted Net Income
-
Prev Year: 14.27M
EBIT
1.04B
Diluted Weighted Average Shares
-
Prev Year: 157.79M
EBITDA
1.95B
Diluted EPS Excluding ExtraOrd Items
-
Prev Year: 0.09
Reconciled Depreciation
912.35M
DPS - Common Stock Primary Issue
-
Prev Year: 3.897
Net Income from Continuing Operation Net Minority Interest
276.80M
Gain (Loss) on Sale of Assets
-
Prev Year: 602.0K
Total Unusual Items Excluding Goodwill
90.56M
Diluted Normalized EPS
-
Prev Year: 0.183
Total Unusual Items
90.56M
Unusual Expense (Income)
-
Prev Year: 15.21M
Normalized EBITDA
1.86B
Minority Interest
-
Prev Year: -69.92M
Tax Rate for Calcs
0.21
Tax Effect of Unusual Items
19.02M
Reconciled Cost of Revenue
1.37B
Rent Expense (supplemental)
-
Weighted Average Shares (diluted)
158.87M
Values in USD

Bxp key figures by fiscal year

FY2025FY2024FY2023FY2022FY2021
Revenue$3.5B$3.4B$3.3B$3.1B$2.9B
Gross profit$2.1B$2.1B$2.0B$2.0B$1.9B
Operating income$1.0B$1.0B$1.0B$1.1B$973.1M
Net income$276.8M$14.3M$190.2M$848.9M$496.2M
Diluted EPS$1.74–––$3.17
Total assets$26.2B$26.1B$26.0B$24.2B$22.4B
Total liabilities$18.5B$20.7B$20.1B$18.1B$14.3B
Shareholders' equity$5.2B$5.4B$5.9B$6.1B$5.8B
Cash and short-term investments$1.5B–––$452.7M
Total debt$17.4B$16.6B$16.3B$14.5B$13.3B
Operating cash flow$1.2B$1.2B$1.3B$1.3B$1.1B
Free cash flow$1.2B–––$1.1B

In USD. Fiscal years as reported by the company; statements on this page go back to fiscal year 2020.

Questions and answers

What was Bxp's revenue in fiscal year 2025?

$3.48 billion, up 2.2% from $3.41 billion in fiscal year 2024.

How much profit does Bxp make?

Bxp reported net income of $276.80 million for fiscal year 2025 (7.9% of revenue); operating income was $1.01 billion.

How much cash and debt does Bxp have?

At the end of fiscal year 2025: cash and short-term investments of $1.48 billion and total debt of $17.36 billion.

What is Bxp's free cash flow?

$1.25 billion in fiscal year 2025 (operating cash flow of $1.25 billion).

Disclaimer: This analysis is for informational and educational purposes only and does not constitute financial, investment, tax, or legal advice. Data may be incomplete, delayed, or contain inaccuracies. Consult with a qualified financial advisor before making any investment decisions.
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