BXP, INC. FY 2025 10-K, explained in plain English
Key financials — as reported
| Total revenue | $3.5B |
| Gross margin | 59.1% |
| Operating income | — not reported |
| Net income | $276.8M |
| Diluted EPS | $1.74 |
| Cash & equivalents | $1.5B |
| Total assets | $26.2B |
| Long-term debt | — not reported |
Key takeaway
Revenue of $3.48 billion and net income of $276.8 million reflect a REIT with a large, stabilized office/lab portfolio but modest profitability relative to asset base.
🔒 4 more takeaways in the full analysis
Beneath the surface
Despite $1.48 billion in cash, total consolidated debt of $15.6 billion (per the Feb 2026 capitalization table) dwarfs cash holdings, indicating a heavily levered balance sheet typical of REITs but worth noting against headline cash figures.
🔒 4 more insights a headline reader would miss
This is the free preview. The full analysis explains every line item above and includes 8 more findings — plus insider trades, activist stakes, and 8-K events for BXP.
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