# Lineage, Inc.: overview

LINE · Nasdaq · CIK 1868159 · [Real estate](/sectors/real-estate.md) · fiscal year ends Dec 31

Pages: [Overview](/companies/line.md) · [Financials](/companies/line/financials.md) · [Filings](/companies/line/filings.md) · [Insiders](/companies/line/insiders.md)

Latest reported revenue: [$1.36bn](/filings/0001868159-26-000039.md) for Q2 FY2026, three months to 2026-06-30, from the 10-Q filed Aug 5, 2026 (XBRL us-gaap:Revenues, accession 0001868159-26-000039).

## Last eight quarters

| Line item | Unit | Q3 FY2024 (2024-09-30) | Q4 FY2024 (2024-12-31) | Q1 FY2025 (2025-03-31) | Q2 FY2025 (2025-06-30) | Q3 FY2025 (2025-09-30) | Q4 FY2025 (2025-12-31) | Q1 FY2026 (2026-03-31) | Q2 FY2026 (2026-06-30) |
| --- | --- | ---: | ---: | ---: | ---: | ---: | ---: | ---: | ---: |
| Revenue | $m | [1,335](/filings/0001868159-24-000018.md) | [1,339 d](/filings/0001868159-25-000011.md) | [1,292](/filings/0001868159-25-000061.md) | [1,350](/filings/0001868159-25-000095.md) | [1,377](/filings/0001868159-25-000110.md) | [1,336 d](/filings/0001868159-26-000012.md) | [1,297](/filings/0001868159-26-000028.md) | [1,361](/filings/0001868159-26-000039.md) |
| Gross margin | % | not reported | not reported | not reported | not reported | not reported | not reported | not reported | not reported |
| Operating margin | % | [(38.6%)](/filings/0001868159-25-000110.md) | [(1.6%) d](/filings/0001868159-26-000012.md) | [4.3%](/filings/0001868159-26-000028.md) | [1.7%](/filings/0001868159-26-000039.md) | [2.5%](/filings/0001868159-25-000110.md) | [5.0% d](/filings/0001868159-26-000012.md) | [2.8%](/filings/0001868159-26-000028.md) | [4.0%](/filings/0001868159-26-000039.md) |
| Net margin | % | [(36.3%)](/filings/0001868159-25-000110.md) | [(5.3%) d](/filings/0001868159-26-000012.md) | [0.0%](/filings/0001868159-26-000028.md) | [(0.4%)](/filings/0001868159-26-000039.md) | [(7.3%)](/filings/0001868159-25-000110.md) | [0.4% d](/filings/0001868159-26-000012.md) | [(3.5%)](/filings/0001868159-26-000028.md) | [(2.1%)](/filings/0001868159-26-000039.md) |
| Diluted EPS | $ per share | [(2.44)](/filings/0001868159-25-000110.md) | not reported | [0.01](/filings/0001868159-26-000028.md) | [(0.03)](/filings/0001868159-26-000039.md) | [(0.44)](/filings/0001868159-25-000110.md) | not reported | [(0.18)](/filings/0001868159-26-000028.md) | [(0.13)](/filings/0001868159-26-000039.md) |
| Free cash flow | $m | [33.0 d](/filings/0001868159-25-000110.md) | [52.0 d](/filings/0001868159-26-000012.md) | [(12.0)](/filings/0001868159-26-000028.md) | [95.0 d](/filings/0001868159-26-000039.md) | [35.0 d](/filings/0001868159-25-000110.md) | [78.0 d](/filings/0001868159-26-000012.md) | [(55.0)](/filings/0001868159-26-000028.md) | [186 d](/filings/0001868159-26-000039.md) |

- Revenue. XBRL Revenue: us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax; Revenue: us-gaap:Revenues. Derived values: 12-month figure less the 9-month figure.
- Gross margin (gross profit / revenue). XBRL Revenue: us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax; Revenue: us-gaap:Revenues. Derived values: 12-month figure less the 9-month figure.
- Operating margin (operating income / revenue). XBRL Operating income: us-gaap:OperatingIncomeLoss; Revenue: us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax; Revenue: us-gaap:Revenues. Derived values: 12-month figure less the 9-month figure.
- Net margin (net income / revenue). XBRL Net income: us-gaap:NetIncomeLoss; Revenue: us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax; Revenue: us-gaap:Revenues. Derived values: 12-month figure less the 9-month figure.
- Diluted EPS. XBRL Diluted EPS: us-gaap:EarningsPerShareDiluted.
- Free cash flow (operating cash flow − capital expenditure). XBRL Operating cash flow: us-gaap:NetCashProvidedByUsedInOperatingActivities; Capital expenditure: us-gaap:PaymentsToAcquirePropertyPlantAndEquipment. Derived values: 9-month figure less the 6-month figure; 12-month figure less the 9-month figure; 6-month figure less the 3-month figure.

## Last five fiscal years

| Line item | Unit | FY (2022-12-31) | FY (2023-12-31) | FY2024 (2024-12-31) | FY2025 (2025-12-31) |
| --- | --- | ---: | ---: | ---: | ---: |
| Revenue | $m | [4,928](/filings/0001868159-25-000011.md) | [5,342](/filings/0001868159-25-000011.md) | [5,340](/filings/0001868159-25-000011.md) | [5,355](/filings/0001868159-26-000012.md) |
| Gross margin | % | not reported | not reported | not reported | not reported |
| Operating margin | % | [6.0%](/filings/0001868159-25-000011.md) | [7.5%](/filings/0001868159-26-000012.md) | [(6.8%)](/filings/0001868159-26-000012.md) | [3.4%](/filings/0001868159-26-000012.md) |
| Net margin | % | [(1.3%)](/filings/0001868159-25-000011.md) | [(1.4%)](/filings/0001868159-26-000012.md) | [(12.4%)](/filings/0001868159-26-000012.md) | [(1.9%)](/filings/0001868159-26-000012.md) |
| Diluted EPS | $ per share | [(0.51)](/filings/0001868159-25-000011.md) | [(0.73)](/filings/0001868159-26-000012.md) | [(3.70)](/filings/0001868159-26-000012.md) | [(0.43)](/filings/0001868159-26-000012.md) |
| Free cash flow | $m | [(312)](/filings/0001868159-25-000011.md) | [30.0](/filings/0001868159-26-000012.md) | [12.0](/filings/0001868159-26-000012.md) | [196](/filings/0001868159-26-000012.md) |

- Revenue. XBRL Revenue: us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax; Revenue: us-gaap:Revenues.
- Gross margin (gross profit / revenue). XBRL Revenue: us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax; Revenue: us-gaap:Revenues.
- Operating margin (operating income / revenue). XBRL Operating income: us-gaap:OperatingIncomeLoss; Revenue: us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax; Revenue: us-gaap:Revenues.
- Net margin (net income / revenue). XBRL Net income: us-gaap:NetIncomeLoss; Revenue: us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax; Revenue: us-gaap:Revenues.
- Diluted EPS. XBRL Diluted EPS: us-gaap:EarningsPerShareDiluted.
- Free cash flow (operating cash flow − capital expenditure). XBRL Operating cash flow: us-gaap:NetCashProvidedByUsedInOperatingActivities; Capital expenditure: us-gaap:PaymentsToAcquirePropertyPlantAndEquipment.

Each value links to the filing it came from. d marks a derived value. A ratio is not reported when any input is missing.

## Insider purchases and sales

The last 20 open-market transactions on Form 4 (codes P and S). Reported price is as stated on the form, not a market price. [All insider transactions](/companies/line/insiders.md)

None in coverage.

## Funds that report holding it

From each manager’s latest Form 13F, largest reported value first. Reported value is as filed: filing data, not a price. [All funds](/funds.md)

| Fund | Quarter ended | Reported value | Shares | Put or call | Change on the quarter before |
| --- | --- | ---: | ---: | --- | --- |
| [NORGES BANK](/funds/1374170.md) | 2026-06-30 | $601.9m | 13,917,122 |  | New +13,917,122 |
| [VANGUARD PORTFOLIO MANAGEMENT LLC](/funds/2100121.md) | 2026-06-30 | $248.0m | 5,734,672 |  | Added +34,595 |
| [BlackRock, Inc.](/funds/2012383.md) | 2026-06-30 | $227.5m | 5,260,370 |  | Added +339,811 |
| [D1 Capital Partners L.P.](/funds/1747057.md) | 2026-06-30 | $204.8m | 4,736,312 |  | Reduced −2,665,917 |
| [AQR CAPITAL MANAGEMENT LLC](/funds/1167557.md) | 2026-06-30 | $202.1m | 4,673,227 |  | Added +1,980,993 |
| [BANK OF AMERICA CORP /DE/](/funds/70858.md) | 2026-06-30 | $156.0m | 3,607,975 |  | Reduced −2,148 |
| [VANGUARD CAPITAL MANAGEMENT LLC](/funds/2100119.md) | 2026-06-30 | $127.9m | 2,956,421 |  | Added +63,887 |
| [HighTower Advisors, LLC](/funds/1462245.md) | 2026-06-30 | $98.9m | 2,286,166 |  | Added +130,895 |
| [BAILLIE GIFFORD & CO](/funds/1088875.md) | 2026-06-30 | $98.4m | 2,274,996 |  | Reduced −280,127 |
| [STATE STREET CORP](/funds/93751.md) | 2026-06-30 | $83.2m | 1,899,057 |  | Reduced −70,612 |

## Recent filings

[All 207 filings](/companies/line/filings.md)

| Filed | Accepted | Form | What it is | Accession |
| --- | --- | --- | --- | --- |
| 2026-10-22 | 20:10 ET | [8-K](/filings/0001868159-26-000046.md) | 5.02 Departure or appointment of officers or directors | 0001868159-26-000046 |
| 2026-09-24 | 20:21 ET | [8-K](/filings/0001868159-26-000044.md) | 5.02 Departure or appointment of officers or directors; 7.01 Regulation FD disclosure; 9.01 Financial statements and exhibits | 0001868159-26-000044 |
| 2026-08-05 | 11:07 ET | [10-Q](/filings/0001868159-26-000039.md) | Quarterly report, period 2026-06-30 | 0001868159-26-000039 |
| 2026-08-05 | 11:03 ET | [8-K](/filings/0001868159-26-000038.md) | 2.02 Results of operations; 7.01 Regulation FD disclosure; 9.01 Financial statements and exhibits | 0001868159-26-000038 |
| 2026-06-12 | 12:25 ET | [8-K](/filings/0001868159-26-000031.md) | 5.07 Shareholder vote results | 0001868159-26-000031 |
| 2026-05-06 | 11:11 ET | [10-Q](/filings/0001868159-26-000028.md) | Quarterly report, period 2026-03-31 | 0001868159-26-000028 |
| 2026-05-06 | 11:04 ET | [8-K](/filings/0001868159-26-000027.md) | 2.02 Results of operations; 7.01 Regulation FD disclosure; 9.01 Financial statements and exhibits | 0001868159-26-000027 |
| 2026-04-23 | 12:00 ET | [DEF 14A](/filings/0001868159-26-000021.md) | Proxy statement, period 2026-06-09 | 0001868159-26-000021 |
| 2026-04-09 | 12:16 ET | [8-K](/filings/0001868159-26-000015.md) | 5.02 Departure or appointment of officers or directors; 7.01 Regulation FD disclosure; 9.01 Financial statements and exhibits | 0001868159-26-000015 |
| 2026-02-25 | 12:16 ET | [10-K](/filings/0001868159-26-000012.md) | Annual report, period 2025-12-31 | 0001868159-26-000012 |

## Latest annual report

[Form 10-K for the fiscal year ended Dec 31, 2025](/filings/0001868159-26-000012.md), filed Feb 25, 2026.

## Forecast league

Q3 FY2026, the quarter ended 2026-09-30, is open for forecasts until the first results filing for it is accepted by EDGAR. Results are due by \[object Promise\]. [Forecast this quarter](/leagues/2026q3/targets/51a53c4f-1efb-4d1a-9349-5c3bbbc171d1)

## About the filer

- CIK: 1868159
- Tickers: LINE
- Exchange: Nasdaq
- SIC code: 6798 Real Estate Investment Trusts
- State of incorporation: MD
- Filer category: Large accelerated filer

Source: SEC EDGAR, XBRL company facts, the filing index and Forms 4. Last ingested by Listed: Oct 24, 2026, 15:49 ET. No prices; not investment advice.