Lineage Inc
onelineage.comWhat Do They Do?
Operates temperature-controlled warehouses for food and other perishable goods, and provides handling and supply-chain services to food producers, retailers and distributors.
10-K for FY2025, filed Feb 25, 2026Our global warehousing segment revenues are generated from storing frozen and perishable food and other products and providing related…View ↗
Our global integrated solutions segment provides our customers with solutions to move products through the food supply chain. We operate…View ↗
We are the world’s largest global temperature-controlled warehouse REIT, with a modern and strategically located network of properties. Our…View ↗
How Do They Make Money?
Warehousing customers pay for storage over time and handling as pallets move through the facilities. Transportation customers are charged per route, load, pallet or case as goods move, with payment under agreed terms.
10-K for FY2025, filed Feb 25, 2026Revenue. Our global warehousing segment revenues are generated from storing frozen and perishable food and other products and providing…View ↗
Warehouse services fees relate to handling and other services required to prepare and move customers’ pallets into, out of, and around the…View ↗
The Company provides integrated solutions that include transportation services, which includes full-load transportation, load-to-load…View ↗
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10-K for FY2025, filed Feb 25, 2026
FY2025 revenue by reportable segment ↗
$5.4B
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10-K for FY2025, filed Feb 25, 2026
$5.4B ↗
| Segment | Share | Revenue |
|---|---|---|
|
Global Warehousing
|
74%
FY2022: 70%
|
Global Warehousing, FY2025
$4B Sources
|
|
Global Integrated Solutions
|
26%
FY2022: 30%
|
Global Integrated Solutions, FY2025
$1.4B Sources
|
Who Are Their Customers?
Food retailers, manufacturers, processors and foodservice distributors use Lineage for temperature-controlled storage and related warehouse services; other customers hire it for transportation and related supply-chain services.
10-K for FY2025, filed Feb 25, 2026We are the world’s largest global temperature-controlled warehouse REIT, with a modern and strategically located network of properties. Our…View ↗
Our global warehousing segment revenues are generated from storing frozen and perishable food and other products and providing related…View ↗
Our global integrated solutions segment provides our customers with solutions to move products through the food supply chain. We operate…View ↗
Do Revenues Turn Into Profits?
Not on paper. It lost $100M in FY2025, but brought in more cash than it spent: $196M of free cash flow.
10-K for FY2025, filed Feb 25, 2026
$181MView ↗
10-K for FY2025, filed Feb 25, 2026
−$100MView ↗
10-K for FY2025, filed Feb 25, 2026
$196MView ↗
How Are They Changing?
- Net income
-
Sources
10-Q for Q2 FY2026, filed Aug 5, 2026
−$29MView ↗
- ▲ +383% (Loss)
- vs −$6M in Q2 FY2025
10-Q for Q2 FY2026, filed Aug 5, 2026
Open tableView ↗
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Aug 5, 2026
Lineage updated its full-year financial guidance
Sources
8-K, filed Aug 5, 2026
Updating Full-Year 2026 GuidanceView ↗
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