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Consolidated Statements of Operations - USD ($)
12 Months Ended
Dec. 31, 2025
Dec. 31, 2024
Dec. 31, 2023
Revenues:      
Option fee revenues $ 570,957,000    
Development loan income 29,504,000 $ 0 $ 0
Total revenues 600,461,000    
Operating Expenses:      
Management fee expense 87,751,000    
Stock-based compensation expense 677,000    
Provision for credit loss expense 1,005,000    
Sales, general, and administrative expenses from pre-spin periods 24,960,000 246,221,000 209,792,000
Total operating expenses 114,393,000 246,221,000 209,792,000
Income (loss) from operations 486,068,000 (246,221,000) (209,792,000)
Other income (expense):      
Interest income 7,702,000    
Interest expense (91,792,000)    
Other expenses (1,605,000)    
Total other income (expense) (85,695,000)    
Net income (loss) before income taxes 400,373,000 (246,221,000) (209,792,000)
Income tax expense 20,509,000    
Net income (loss) 379,864,000 (246,221,000) (209,792,000)
Adjustment for expenses from pre-spin periods 24,960,000    
Net income attributable to Millrose Properties, Inc. Common stockholders $ 404,824,000 $ (246,221,000) $ (209,792,000)
Basic earnings per share $ 2.44    
Diluted earnings per share $ 2.44    
Basic weighted average common shares outstanding 166,003,497    
Diluted weighted average common shares outstanding 166,026,608    
Class A and Class B Common Stock      
Other income (expense):      
Basic earnings per share $ 2.44    
Diluted earnings per share $ 2.44    
Basic weighted average common shares outstanding 166,003,497    
Diluted weighted average common shares outstanding 166,026,608