The financials
Rayonier Inc. by the numbers
Rayonier Inc. (RYN) reported revenue of $277M in Q1 2026 (quarter ended March 31, 2026), up 234% from the same quarter a year earlier. That came with net loss of $12M. For the full year FY2025, revenue was $484M (−51% year on year) and net income $474M. Its largest product in 2026-Q1 was Rural at $49M, 18% of the disclosed total, just ahead of Delivered Wood at 16%.
| Income statement | Q1 2026 | Q1 2025 | Change |
|---|---|---|---|
| Revenue | $277M | $83M | +234% |
| Operating income | −$46M | $59K | to a loss |
| Net income | −$12M | −$3.4M | n/a |
| Diluted EPS | −$0.05 | −$0.02 | n/a |
| Product | Revenue | Share |
|---|---|---|
| Rural | $49M | 18% |
| Delivered Wood | $43M | 16% |
| Sawtimber | $42M | 16% |
| Stumpage | $25M | 9.2% |
| Pulpwood | $23M | 8.7% |
| Stumpage Pay As Cut | $23M | 8.5% |
| Plywood Residual Other | $21M | 8.0% |
| Nontimber | $14M | 5.2% |
| License Revenue Primarily From Hunting | $7.6M | 2.9% |
| Improved Development | $6.6M | 2.5% |
| Land Based Solutions | $3.6M | 1.3% |
| Real Estate Other | $3.5M | 1.3% |
| Other Non Timber | $2.6M | 1.0% |
| Stumpage Lump Sum | $1.8M | 0.7% |
| Hardwood | $1.6M | 0.6% |
Business Segments
Revenue split by product segment, from SEC XBRL filings.
Latest period: Q1 2026Total $267.5M (+6.8%)
Rural grew +837% year on yearHardwood +6.0% year on year
Segment Latestquarter on quarteryear on year
- Rural$49.4M$49.4MQoQ +576%year on year +837%+576%+837%
- Delivered Wood$42.6M$42.6MQoQ +66%year on year +81%+66%+81%
- Sawtimber$42.4M$42.4MQoQ +52%year on year +106%+52%+106%
- Stumpage$24.6M$24.6MQoQ -7.0%year on year +34%-7.0%+34%
- Pulpwood$23.2M$23.2MQoQ +4.3%year on year +17%+4.3%+17%
- Stumpage Pay As Cut$22.8M$22.8MQoQ -13%year on year +27%-13%+27%
- Plywood Residual Other$21.3M$21.3MQoQ -year on year ---
- Nontimber$13.8M$13.8MQoQ -5.5%year on year +53%-5.5%+53%
- License Revenue Primarily From Hunting$7.6M$7.6MQoQ +43%year on year +46%+43%+46%
- Improved Development$6.6M$6.6MQoQ -68%year on year +100%-68%+100%
- Land Based Solutions$3.6M$3.6MQoQ +27%year on year +30%+27%+30%
- Real Estate Other$3.5M$3.5MQoQ -61%year on year +171%-61%+171%
- Other Non Timber$2.6M$2.6MQoQ -60%year on year +144%-60%+144%
- Stumpage Lump Sum$1.8M$1.8MQoQ +393%year on year +326%+393%+326%
- Hardwood$1.6M$1.6MQoQ -22%year on year +6.0%-22%+6.0%
- Non Strategic Timberland--QoQ -year on year ---
- Trading--QoQ -year on year ---