Filing Flows › Bluerock Homes Trust (BHM) › Q2 2026
Bluerock Homes Trust (BHM) Q2 2026 earnings results (second quarter 2026)
10-Q filed Aug 13, 2026
Bluerock Homes Trust (BHM) reported revenue of $19.3M for the second quarter 2026 (Q2 2026), +15% from a year earlier and -2% from the quarter before. Operating margin was -46.4%, net loss $9.0M (46.4% of revenue).
Bluerock Homes Trust, Q2 2026: revenue $19.3M (+15% year over year), operating margin -46.4%, net loss $9.0M, operating cash flow $2.8M. The chart follows the revenue to costs, profit and cash.
| Q2 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $19.3M | -2% | +15% |
| Operating profit | −$9.0M | — | — |
| Net earnings | −$9.0M | — | — |
| Operating cash flow | $2.8M | — | -80% |
What changed
Revenue was $19.3M in Q2 2026, up 15% year over year and down 2% from the previous quarter. Residential communities was the largest line at 67% of revenue. Residential communities added $3.9M year over year (up 44%), 156% of the total change. Scattered single-family homes declined 17%.
Operating costs exceeded revenue by $9.0M, an operating margin of -46.4%. Total costs grew 29% against revenue growth of 15%. The fastest-growing cost line was Other operating costs (+33%). The quarter ended with a net loss of $9.0M, narrower than the previous quarter's $10.3M loss. Minority interests bore $5.4M of it: to shareholders the quarter was a loss of $3.5M.
Operating cash flow was $2.8M (down 80% year over year). Non-cash charges added back $7.9M of depreciation and amortization. Working capital and other items added $3.9M. Capital expenditures of $5.3M exceeded it, leaving free cash flow of −$2.5M.
Questions
What was Bluerock Homes Trust's revenue in the second quarter 2026?
Bluerock Homes Trust (BHM) reported revenue of $19.3M for the second quarter 2026 (Q2 2026), +15% from a year earlier and -2% from the quarter before.
Was Bluerock Homes Trust profitable in the second quarter 2026?
Operating loss was $9.0M (-46.4% of revenue) and net loss $9.0M.