Bluerock Homes Trust (BHM) Income Statement

Bluerock Homes Trust reported revenue of $68.73M in fiscal 2025 (fiscal year ended Dec 31, 2025), up 36.9% from $50.21M a year earlier. Bluerock Homes Trust posted a net loss of $11.49M, compared with a net loss of $4.23M a year earlier. Gross margin was 43.9% and operating margin -31.2%. In the most recent quarter, Q2 fiscal 2026 (ended Jun 30, 2026), revenue was $19.33M, up 15.0% from the same quarter a year earlier.

Bluerock Homes Trust Income Statement Analysis

Values in millions USD

Income Statement Balance Sheet Cash Flow Ratios

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Bluerock Homes Trust, Inc. income statement - Annual data in millions USD
Breakdown	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period ending	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Revenue & Gross Profit
Revenue	68.73	50.21	41.09	34.14	17.82	7.37
Cost of Revenue	49.03	37.97	31.50	20.79	3.78	0.97
Gross Profit	30.18	21.36	17.51	13.35	14.04	6.40
Operating Expenses
Research & Development	0.00	0.00	0.00	0.00	0.00	0.00
Selling, General & Administrative	22.14	19.96	17.75	7.10	4.54	5.01
Operating Expenses	40.62	30.61	24.34	22.73	13.65	6.91
Operating Income	-21.44	-18.71	-16.39	-9.38	0.39	-0.51
Other Income/Expense
Interest Income	6.91	7.05	2.70	1.29	5.36	0.00
Interest Expense	23.99	18.09	13.10	5.70	2.92	3.19
Other Income/Expense	-8.93	8.25	0.72	8.84	0.56	-14.24
Income
Income Before Tax	-30.97	-12.09	-15.77	-6.24	0.95	-14.75
Income Tax Expense	1.63	0.00	0.00	0.00	0.00	0.00
Net Income	-11.49	-4.23	-38.69	-5.93	34.33	-17.74
Net Income - Continuous Operations	-32.60	-12.09	-15.77	-6.24	34.33	-17.74
Net Income - Discontinued Operations	-	-	-	0.31	110.86	-
EBITDA	17.93	13.45	11.22	18.23	13.43	3.98
EBIT	-11.46	-6.51	-4.95	-0.54	3.61	-11.56
Depreciation & Amortization	29.42	19.97	16.18	16.01	9.83	15.54
Earnings Per Share
Basic EPS	-3.00	-1.00	-1.00	-	-20.00	-5.00
Diluted EPS	-3.00	-1.00	-1.00	-	-20.00	-5.00
Basic Shares Outstanding	3.89	3.86	3.85	3.84	3.84	3.84
Diluted Shares Outstanding	3.89	3.86	3.85	3.84	3.84	3.84

Source: Company financial statements from annual and quarterly filings. Data as of Jun 30, 2026. Data sources and methodology

Frequently Asked Questions About Bluerock Homes Trust Financial Statements

What was Bluerock Homes Trust's revenue in fiscal 2025?

Bluerock Homes Trust reported revenue of $68.73M in fiscal 2025 (fiscal year ended Dec 31, 2025). That was up 36.9% from $50.21M a year earlier.

Is Bluerock Homes Trust profitable?

No. Bluerock Homes Trust reported a net loss of $11.49M in fiscal 2025. In fiscal 2024 it lost $4.23M.

What is Bluerock Homes Trust's operating margin?

Bluerock Homes Trust's operating income was −$21.44M on revenue of $68.73M in fiscal 2025, an operating margin of -31.2%, compared with -37.3% a year earlier.

What is net profit margin?

Net profit margin is net income divided by revenue. It shows how much of each dollar of sales a company keeps as profit after all costs, interest and taxes. Full definition