# Millrose Properties, Inc.: overview

MRP · NYSE · CIK 2017206 · [Real estate](/sectors/real-estate.md) · fiscal year ends Dec 31

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

Latest reported revenue: [$196.9m](/filings/0001193125-26-332732.md) for Q2 FY2026, three months to 2026-06-30, from the 10-Q filed Aug 4, 2026 (XBRL us-gaap:Revenues, accession 0001193125-26-332732).

## Last eight quarters

| Line item | Unit | period not labelled (2024-09-30) | period not labelled (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 | not reported | not reported | [82.7](/filings/0001193125-26-208995.md) | [149](/filings/0001193125-26-332732.md) | [179](/filings/0001193125-25-248748.md) | [190 d](/filings/0002017206-26-000002.md) | [195](/filings/0001193125-26-208995.md) | [197](/filings/0001193125-26-332732.md) |
| Gross margin | % | not reported | not reported | not reported | not reported | not reported | not reported | not reported | not reported |
| Operating margin | % | not reported | not reported | [55.2%](/filings/0001193125-26-208995.md) | [85.1%](/filings/0001193125-26-332732.md) | [85.3%](/filings/0001193125-25-248748.md) | [84.8% d](/filings/0002017206-26-000002.md) | [85.2%](/filings/0001193125-26-208995.md) | [85.2%](/filings/0001193125-26-332732.md) |
| Net margin | % | not reported | not reported | [48.1%](/filings/0001193125-26-208995.md) | [75.7%](/filings/0001193125-26-332732.md) | [58.6%](/filings/0001193125-25-248748.md) | [64.5% d](/filings/0002017206-26-000002.md) | [63.0%](/filings/0001193125-26-208995.md) | [63.9%](/filings/0001193125-26-332732.md) |
| Diluted EPS | $ per share | not reported | not reported | [0.39](/filings/0001193125-26-208995.md) | [0.68](/filings/0001193125-26-332732.md) | [0.63](/filings/0001193125-25-248748.md) | not reported | [0.74](/filings/0001193125-26-208995.md) | [0.76](/filings/0001193125-26-332732.md) |
| Free cash flow | $m | not reported | not reported | not reported | not reported | not reported | not reported | not reported | not reported |

- Revenue. XBRL Revenue: us-gaap:Revenues. Derived values: 12-month figure less the 9-month figure.
- Gross margin (gross profit / revenue). XBRL 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: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: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. 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 (2023-12-31) | FY (2024-12-31) | FY2025 (2025-12-31) |
| --- | --- | ---: | ---: | ---: |
| Revenue | $m | not reported | not reported | [600](/filings/0002017206-26-000002.md) |
| Gross margin | % | not reported | not reported | not reported |
| Operating margin | % | not reported | not reported | [80.9%](/filings/0002017206-26-000002.md) |
| Net margin | % | not reported | not reported | [63.3%](/filings/0002017206-26-000002.md) |
| Diluted EPS | $ per share | not reported | not reported | [2.44](/filings/0002017206-26-000002.md) |
| Free cash flow | $m | not reported | not reported | not reported |

- Revenue. XBRL Revenue: us-gaap:Revenues.
- Gross margin (gross profit / revenue). XBRL Revenue: us-gaap:Revenues.
- Operating margin (operating income / revenue). XBRL Operating income: us-gaap:OperatingIncomeLoss; Revenue: us-gaap:Revenues.
- Net margin (net income / revenue). XBRL Net income: us-gaap:NetIncomeLoss; 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.

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/mrp/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 |
| --- | --- | ---: | ---: | --- | --- |
| [BlackRock, Inc.](/funds/2012383.md) | 2026-06-30 | $668.3m | 22,238,588 |  | Added +1,625,089 |
| [VANGUARD PORTFOLIO MANAGEMENT LLC](/funds/2100121.md) | 2026-06-30 | $467.6m | 15,560,238 |  | Added +710,776 |
| [FMR LLC](/funds/315066.md) | 2026-06-30 | $247.3m | 8,229,447 |  | Added +1,702,571 |
| [VANGUARD CAPITAL MANAGEMENT LLC](/funds/2100119.md) | 2026-06-30 | $208.6m | 6,940,665 |  | Added +11,634 |
| [STATE STREET CORP](/funds/93751.md) | 2026-06-30 | $205.1m | 6,824,473 |  | Added +1,544,461 |
| [Brave Warrior Advisors, LLC](/funds/1553733.md) | 2026-06-30 | $181.2m | 6,030,725 |  | Reduced −2,485,172 |
| [MANUFACTURERS LIFE INSURANCE COMPANY, THE](/funds/928047.md) | 2026-06-30 | $122.9m | 4,090,294 |  | Reduced −212,656 |
| [Permian Investment Partners, LP](/funds/1472850.md) | 2026-06-30 | $119.5m | 3,977,316 |  | Added +98,004 |
| [NORGES BANK](/funds/1374170.md) | 2026-06-30 | $117.8m | 3,919,456 |  | New +3,919,456 |
| [Cannell & Spears LLC](/funds/1426319.md) | 2026-06-30 | $111.3m | 3,703,408 |  | Added +25,738 |

## Recent filings

[All 151 filings](/companies/mrp/filings.md)

| Filed | Accepted | Form | What it is | Accession |
| --- | --- | --- | --- | --- |
| 2026-10-06 | 16:08 ET | [8-K](/filings/0001193125-26-415565.md) | 1.01 Entry into a material agreement; 2.03 New direct financial obligation; 9.01 Financial statements and exhibits | 0001193125-26-415565 |
| 2026-09-23 | 16:43 ET | [8-K](/filings/0001193125-26-399549.md) | 7.01 Regulation FD disclosure; 8.01 Other events; 9.01 Financial statements and exhibits | 0001193125-26-399549 |
| 2026-09-23 | 19:19 ET | [8-K](/filings/0001193125-26-398224.md) | 8.01 Other events; 9.01 Financial statements and exhibits | 0001193125-26-398224 |
| 2026-09-22 | 08:23 ET | [8-K](/filings/0001193125-26-397284.md) | 8.01 Other events; 9.01 Financial statements and exhibits | 0001193125-26-397284 |
| 2026-09-21 | 16:48 ET | [8-K](/filings/0001193125-26-396754.md) | 1.01 Entry into a material agreement; 2.03 New direct financial obligation; 9.01 Financial statements and exhibits | 0001193125-26-396754 |
| 2026-09-01 | 16:22 ET | [8-K](/filings/0001193125-26-378466.md) | 1.01 Entry into a material agreement; 9.01 Financial statements and exhibits | 0001193125-26-378466 |
| 2026-08-05 | 16:01 ET | [8-K](/filings/0001193125-26-335005.md) | 1.01 Entry into a material agreement; 9.01 Financial statements and exhibits | 0001193125-26-335005 |
| 2026-08-04 | 16:02 ET | [10-Q](/filings/0001193125-26-332732.md) | Quarterly report, period 2026-06-30 | 0001193125-26-332732 |
| 2026-08-04 | 09:01 ET | [8-K](/filings/0001193125-26-331663.md) | 2.02 Results of operations; 7.01 Regulation FD disclosure; 9.01 Financial statements and exhibits | 0001193125-26-331663 |
| 2026-06-23 | 16:20 ET | [8-K](/filings/0001193125-26-279485.md) | 7.01 Regulation FD disclosure; 8.01 Other events; 9.01 Financial statements and exhibits | 0001193125-26-279485 |

## Latest annual report

[Form 10-K for the fiscal year ended Dec 31, 2025](/filings/0002017206-26-000002.md), filed Mar 2, 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/27265bc3-f5e1-4dc8-989b-c2c2f2be1992)

## About the filer

- CIK: 2017206
- Tickers: MRP
- Exchange: NYSE
- SIC code: 6500 Real Estate
- State of incorporation: MD
- Filer category: Non-accelerated filer

Source: SEC EDGAR, XBRL company facts, the filing index and Forms 4. Last ingested by Listed: Oct 27, 2026, 08:16 ET. No prices; not investment advice.