Belpointe PREP (OZ) Income Statement

Belpointe PREP reported revenue of $9.19M in fiscal 2025 (fiscal year ended Dec 31, 2025), up 243.4% from $2.67M a year earlier. Belpointe PREP posted a net loss of $40.05M, compared with a net loss of $23.86M a year earlier. Gross margin was -62.9% and operating margin -224.8%. In the most recent quarter, Q2 fiscal 2026 (ended Jun 30, 2026), revenue was $5.37M, up 168.1% from the same quarter a year earlier.

Belpointe PREP Income Statement Analysis

Values in millions USD

Income Statement Balance Sheet Cash Flow Ratios

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Belpointe PREP, LLC 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	9.19	2.68	2.25	1.39	1.00	0.10
Cost of Revenue	14.97	6.84	4.18	3.81	1.14	0.05
Gross Profit	-5.78	-4.16	-1.93	-2.42	-0.14	0.05
Operating Expenses
Research & Development	0.00	0.00	0.00	0.00	-	0.00
Selling, General & Administrative	6.17	5.11	6.34	5.80	2.92	0.11
Operating Expenses	14.87	9.33	8.40	7.09	3.51	0.16
Operating Income	-20.65	-13.49	-10.33	-9.51	-3.66	-0.10
Other Income/Expense
Interest Income	1.03	0.65	0.11	1.85	0.37	0.01
Interest Expense	17.44	10.01	0.00	0.00	0.00	0.01
Other Income/Expense	-19.42	-1.01	-4.15	-0.47	0.61	-0.01
Income
Income Before Tax	-40.07	-23.86	-14.36	-8.13	-3.04	-0.12
Income Tax Expense	0.00	0.00	0.00	0.11	0.00	0.00
Net Income	-40.05	-23.86	-14.35	-7.68	-3.14	-0.12
Net Income - Continuous Operations	-40.07	-23.86	-14.36	-8.24	-3.04	-0.11
Net Income - Discontinued Operations	-	-	-	-	-	-
EBITDA	-9.87	-8.34	-12.29	-8.22	-3.18	-0.07
EBIT	-20.65	-13.85	-14.36	-9.51	-3.66	-0.11
Depreciation & Amortization	8.71	4.22	2.07	1.29	0.48	0.04
Earnings Per Share
Basic EPS	-10.00	-7.00	-4.00	-2.00	-1.00	-1408614.00
Diluted EPS	-11.00	-7.00	-4.00	-2.00	-8.00	-1408614.00
Basic Shares Outstanding	3.94	3.64	3.55	3.42	3.48	-
Diluted Shares Outstanding	3.94	3.64	3.55	3.42	3.48	-

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

Frequently Asked Questions About Belpointe PREP Financial Statements

What was Belpointe PREP's revenue in fiscal 2025?

Belpointe PREP reported revenue of $9.19M in fiscal 2025 (fiscal year ended Dec 31, 2025). That was up 243.4% from $2.67M a year earlier.

Is Belpointe PREP profitable?

No. Belpointe PREP reported a net loss of $40.05M in fiscal 2025. In fiscal 2024 it lost $23.86M.

What is Belpointe PREP's operating margin?

Belpointe PREP's operating income was −$20.65M on revenue of $9.19M in fiscal 2025, an operating margin of -224.8%, compared with -504.3% 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