Millrose Q2 revenue +32.1% to $196.9M, net income +11.6% to $125.9M; interest expense quadruples

Filed August 4, 2026 · Period ending June 30, 2026 · Compared to 10-Q Jul 31, 2025 · ~1 min read

Key Changes

• high

  Option fee revenue jumped 38% to $195.4M, driven by geographic expansion and counterparty diversification.

  MD&A: Option fee revenue verify on EDGAR →
• high

  Interest expense surged to $40.0M from $10.3M after issuing $2.0B of senior notes and amending the credit agreement.

  MD&A: Interest expense verify on EDGAR →
• high

  Accounting shifted to ASC 842 sales-type leases for homesites, changing revenue recognition to effective interest yield.

  Notes: Accounting change view on EDGAR →