CaliberCos (CWD) Financial Statements & Analysis

CaliberCos (CWD) Income Statement

CaliberCos reported revenue of $20.10M in fiscal 2025 (fiscal year ended Dec 31, 2025), down 60.7% from $51.12M a year earlier. CaliberCos posted a net loss of $21.80M, compared with a net loss of $19.78M a year earlier. Gross margin was -1.8% and operating margin -37.7%. In the most recent quarter, Q2 fiscal 2026 (ended Jun 30, 2026), revenue was $4.19M, down 17.3% from the same quarter a year earlier.

CaliberCos Income Statement Analysis

Values in millions USD

Income Statement Balance Sheet Cash Flow Ratios

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CaliberCos Inc. income statement - Annual data in millions USD
Breakdown	FY 2025	FY 2024	FY 2024	FY 2023	FY 2023	FY 2022	FY 2021	FY 2020	FY 2019	FY 2018
Period ending	Dec 2025	Mar 2025	Dec 2024	Mar 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020	Dec 2019	Dec 2018
Revenue & Gross Profit
Revenue	20.10	51.12	51.12	90.94	90.94	83.96	56.03	37.88	56.33	51.05
Cost of Revenue	18.59	26.50	26.50	80.67	100.48	74.78	56.00	55.69	40.81	41.26
Gross Profit	-0.36	24.62	24.62	10.27	-20.21	-0.53	0.03	-17.81	15.52	9.78
Operating Expenses
Research & Development	0.00	0.00	-	0.00	-	0.00	0.00	0.00	0.00	0.00
Selling, General & Administrative	6.55	7.53	7.53	7.82	9.32	8.36	6.84	3.84	0.00	0.00
Operating Expenses	10.04	37.93	37.93	38.85	19.03	17.63	22.14	8.50	10.42	2.83
Operating Income	-7.57	-13.31	-13.31	-28.58	-28.58	-8.45	-22.11	-26.31	5.10	-0.08
Other Income/Expense
Interest Income	0.36	0.36	0.36	0.35	0.35	0.18	0.00	0.01	0.03	54.50
Interest Expense	6.71	5.42	5.42	4.72	-4.72	-1.06	0.71	0.00	10.75	11.89
Other Income/Expense	-15.45	-8.16	-3.09	0.98	0.98	22.40	0.94	0.76	0.84	-12.99
Income
Income Before Tax	-23.03	-21.47	-21.47	-27.59	-27.59	13.95	-21.17	-25.55	5.94	-13.07
Income Tax Expense	0.00	0.00	-	0.00	-	0.00	0.00	0.00	0.00	0.00
Net Income	-21.80	-19.78	-19.78	-12.70	-12.70	2.02	-0.70	-5.45	6.47	-13.07
Net Income - Continuous Operations	-21.80	-19.78	-21.47	-12.70	-27.59	2.02	-0.70	-5.45	6.47	-13.07
Net Income - Discontinued Operations	-	-	-	-	-	-	-	-	-	-
EBITDA	-5.47	-7.14	-9.87	-11.99	-17.97	0.85	-9.97	-18.48	13.47	5.85
EBIT	-7.57	-	-16.05	-	-28.58	-8.45	-20.29	-26.31	-	-
Depreciation & Amortization	2.31	6.17	0.59	10.89	10.60	9.30	10.49	7.83	8.37	7.03
Earnings Per Share
Basic EPS	-8.00	-1.00	-18.00	-1.00	-13.00	2.00	-	-6.00	-	-1.00
Diluted EPS	-8.00	-1.00	-18.00	-1.00	-1.00	-	-	-6.00	-	-1.00
Basic Shares Outstanding	2.83	21.99	1.10	20.09	1.00	0.90	21.02	0.87	21.02	21.02
Diluted Shares Outstanding	2.83	21.99	1.10	20.09	1.00	0.99	21.02	0.87	21.02	21.02

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

Frequently Asked Questions About CaliberCos Financial Statements

What was CaliberCos's revenue in fiscal 2025?

CaliberCos reported revenue of $20.10M in fiscal 2025 (fiscal year ended Dec 31, 2025). That was down 60.7% from $51.12M a year earlier.

Is CaliberCos profitable?

No. CaliberCos reported a net loss of $21.80M in fiscal 2025. In fiscal 2024 it lost $19.78M.

What is CaliberCos's operating margin?

CaliberCos's operating income was −$7.57M on revenue of $20.10M in fiscal 2025, an operating margin of -37.7%, compared with -26.0% 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