📊 ONL Key Takeaways
Is Orion Properties Inc. (ONL) a Good Investment?
Orion Properties exhibits severe operational distress with a -94.2% operating margin and -10.4% YoY revenue decline, indicating fundamental business failure. Despite positive free cash flow, the company is destroying shareholder value (ROE: -22.4%, ROA: -11.9%) with insufficient cash reserves ($22.4M) to sustain operations or service $465M in debt.
Orion Properties exhibits severe GAAP losses and a double-digit revenue decline, driving deeply negative operating and net margins with weak ROE and ROA. While leverage is moderate and operating cash flow is positive, the magnitude of losses and lack of interest coverage signal fragile profitability and limited cushion. Fundamentals must improve in cash generation and coverage before the outlook becomes attractive.
Why Buy Orion Properties Inc. Stock? ONL Key Strengths
- Positive operating cash flow of $23.6M and free cash flow despite net losses
- Moderate debt-to-equity ratio of 0.75x provides some leverage capacity
- Asset base of $1.2B retains potential liquidation value
- Moderate leverage with debt/equity around 0.75x
- Positive operating cash flow and FCF (about 16% margin)
- Large asset base ($1.17B) supporting balance sheet flexibility
ONL Stock Risks: Orion Properties Inc. Investment Risks
- Operating losses of -$139M on $147.6M revenue indicates non-viable business model
- Declining revenue (-10.4% YoY) and worsening diluted EPS (-34.8% YoY) show deteriorating trends
- Critically low cash position ($22.4M) relative to debt obligations and company size creates solvency risk
- Severe shareholder value destruction with negative ROE and ROA
- 25 Form 4 insider filings in 90 days suggest potential distressed activity or restructuring
- Persistently negative operating and net margins (~-94%)
- Revenue down 10.4% YoY, indicating potential portfolio/occupancy pressure
- Low cash ($22.36M) against $465M long-term debt and unclear interest coverage/refinancing risk
Key Metrics to Watch
- Operating cash flow sustainability and reconciliation with net losses
- Cash balance depletion rate and debt covenant compliance
- Revenue stabilization/return to positive growth
- Form 4 trading patterns indicating insider confidence or exits
- Operating cash flow and FFO/AFFO trajectory
- Interest coverage ratio and debt maturities
Orion Properties Inc. (ONL) Financial Metrics & Key Ratios
💡 AI Analyst Insight
The current ratio below 1.0x warrants monitoring of short-term liquidity.
ONL Profit Margin, ROE & Profitability Analysis
ONL vs Real Estate Sector: How Orion Properties Inc. Compares
How Orion Properties Inc. compares to Real Estate sector averages
Sector benchmarks are approximate industry averages. Actual sector performance may vary.
Is Orion Properties Inc. Stock Overvalued? ONL Valuation Analysis 2026
Based on fundamental analysis, Orion Properties Inc. has mixed fundamental signals relative to the Real Estate sector in 2026.
Note: This is a fundamental analysis based on SEC filings. For P/E ratio, price targets, and market-based valuation, consult financial data providers. This is not investment advice.
Orion Properties Inc. Balance Sheet: ONL Debt, Cash & Liquidity
ONL Revenue & Earnings Growth: 5-Year Financial Trend
5-Year Trend Summary: Orion Properties Inc.'s revenue has grown significantly by 145% over the 5-year period, indicating strong business expansion. The most recent EPS of $-1.02 indicates the company is currently unprofitable.
ONL Revenue Growth, EPS Growth & YoY Performance
ONL Quarterly Earnings & Performance
| Quarter | Revenue | Net Income | EPS |
|---|---|---|---|
| Q3 2025 | $37.1M | -$10.2M | $-0.18 |
| Q2 2025 | $37.3M | -$25.1M | $-0.45 |
| Q1 2025 | $38.0M | -$9.4M | $-0.17 |
| Q3 2024 | $39.2M | -$10.2M | $-0.18 |
| Q2 2024 | $40.1M | -$15.7M | $-0.28 |
| Q1 2024 | $47.2M | -$8.9M | $-0.16 |
| Q3 2023 | $49.1M | -$16.5M | $-0.29 |
| Q2 2023 | $52.0M | -$15.6M | $-0.27 |
Data sourced from SEC EDGAR 10-Q quarterly filings. Figures may represent quarterly or cumulative values.
Orion Properties Inc. Dividends, Buybacks & Capital Allocation
ONL SEC Filings: Latest 10-K & 10-Q Analysis
Access official SEC EDGAR filings for Orion Properties Inc. (CIK: 0001873923)
📋 Recent SEC Filings
| Date | Form | Document | Action |
|---|---|---|---|
| Mar 20, 2026 | DEF 14A | definitiveproxystatement20.htm | View → |
| Mar 16, 2026 | 4 | xslF345X05/wk-form4_1773695887.xml | View → |
| Mar 16, 2026 | 4 | xslF345X05/wk-form4_1773695752.xml | View → |
| Mar 16, 2026 | 4 | xslF345X05/wk-form4_1773694709.xml | View → |
| Mar 16, 2026 | 4 | xslF345X05/wk-form4_1773694404.xml | View → |
❓ Frequently Asked Questions about ONL
What is the AI rating for ONL?
Orion Properties Inc. (ONL) has a Combined AI Rating of SELL from Claude (STRONG SELL) and ChatGPT (SELL) with 79% combined confidence, based on fundamental analysis of SEC EDGAR filings.
What are ONL's key strengths?
Claude: Positive operating cash flow of $23.6M and free cash flow despite net losses. Moderate debt-to-equity ratio of 0.75x provides some leverage capacity. ChatGPT: Moderate leverage with debt/equity around 0.75x. Positive operating cash flow and FCF (about 16% margin).
What are the risks of investing in ONL?
Claude: Operating losses of -$139M on $147.6M revenue indicates non-viable business model. Declining revenue (-10.4% YoY) and worsening diluted EPS (-34.8% YoY) show deteriorating trends. ChatGPT: Persistently negative operating and net margins (~-94%). Revenue down 10.4% YoY, indicating potential portfolio/occupancy pressure.
What is ONL's revenue and growth?
Orion Properties Inc. reported revenue of $147.6M.
Does ONL pay dividends?
Orion Properties Inc. pays dividends, with $9.0M distributed to shareholders in the trailing twelve months.
Where can I find ONL SEC filings?
Official SEC filings for Orion Properties Inc. (CIK: 0001873923) including 10-K, 10-Q, and 8-K reports are available on SEC EDGAR.
What is ONL's EPS?
Orion Properties Inc. has a diluted EPS of $-2.48.
How is the AI analysis conducted?
Two independent AI systems — Claude (Anthropic) and ChatGPT (OpenAI) — analyze SEC EDGAR filings including 10-K annual reports and 10-Q quarterly reports. Each AI evaluates financial health, profitability ratios, balance sheet strength, and growth metrics. The combined rating reflects both perspectives for balanced insights.
Is ONL a good stock to buy right now?
Based on our AI fundamental analysis in April 2026, Orion Properties Inc. has a SELL rating with 79% confidence. Review the strengths and risks sections above before making a decision. This is not investment advice.
Is ONL stock overvalued or undervalued?
Valuation metrics for ONL: ROE of -22.4% (sector avg: 8%), net margin of -94.4% (sector avg: 20%). Compare these metrics with sector averages to assess valuation.
Should I buy ONL stock in 2026?
Our dual AI analysis gives Orion Properties Inc. a combined SELL rating for 2026. Revenue is data pending, with profitability at or below sector average. Always conduct your own research.
What is ONL's free cash flow?
Orion Properties Inc.'s operating cash flow is $23.6M, with capital expenditures of N/A. FCF margin is 16.0%.
How does ONL compare to other Real Estate stocks?
Vs Real Estate sector averages: Net margin -94.4% (avg: 20%), ROE -22.4% (avg: 8%), current ratio N/A (avg: 1.5).