JOE ST JOE Co

FY2025 10-K
Filed: Feb 25, 2026
Real Estate
Land Subdividers & Developers (No Cemeteries)SEC EDGAR

ST JOE Co (JOE) filed its fiscal year 2025 10-K annual report with the SEC on Feb 25, 2026. This page provides AI-powered analysis of the filing, including business overview, management discussion, risk factors, and key financial metrics from XBRL data.

AI Filing Analysis
FY2025 10-K

Business Overview

  • Core business model: Real estate development and property management across residential, hospitality, and commercial segments in Northwest Florida
  • Emphasis on joint ventures for property investments, notably Latitude Margaritaville Watersound community and multiple retail/commercial projects
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Management Discussion & Analysis

  • Total real estate revenue $234.2M in 2025, up $91.0M or 63.6% YoY from $143.2M in 2024
  • Gross profit margin stable at 50.8% in 2025 vs 50.9% in 2024 (gross profit $118.9M vs $72.9M)
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Risk Factors

  • Regulatory risk: Adoption of FASB ASU 2025-05 on credit loss measurement in July 2025, applied prospectively, with no current financial impact disclosed
  • Geopolitical/macroeconomic risk: Cash deposits exceed FDIC insurance by $60.4 million as of December 31, 2025, exposing to potential institutional credit risk
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Financial Summary
XBRL

Revenue

$513M

Net Income

$116M

Gross Margin

43.1%

Operating Margin

28.5%

Net Margin

22.5%

ROE

15.1%

Total Assets

$1.5B

EPS (Diluted)

$1.99

Operating Cash Flow

$191M

Source: XBRL data from ST JOE Co FY2025 10-K filing on SEC EDGAR. All figures in USD.

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