Filing Flows › Bluerock Homes Trust (BHM) › Q4 2024
Bluerock Homes Trust (BHM) Q4 2024 earnings results (fourth quarter 2024)
10-K filed Mar 20, 2025
Bluerock Homes Trust (BHM) reported revenue of $13.8M for the fourth quarter 2024 (Q4 2024), +31% from a year earlier and +9% from the quarter before. Operating margin was -52.8%, net loss $7.3M (52.8% of revenue).
Bluerock Homes Trust, Q4 2024: revenue $13.8M (+32% year over year), operating margin -52.8%, net loss $7.3M, operating cash flow $5.0M. The chart follows the revenue to costs, profit and cash.
| Q4 2024 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $13.8M | +9% | +31% |
| Operating profit | −$7.3M | — | — |
| Net earnings | −$7.3M | — | — |
| Operating cash flow | $5.0M | +197% | -29% |
| Free cash flow | $1.6M | — | -66% |
What changed
Revenue was $13.8M in Q4 2024, up 31% year over year and up 9% from the previous quarter.
Operating costs exceeded revenue by $7.3M, an operating margin of -52.8%. Total costs grew 29% against revenue growth of 31%. The fastest-growing cost line was Other operating costs (+33%). The quarter ended with a net loss of $7.3M, after a profit of $3.5M the previous quarter. Minority interests bore $4.8M of it: to shareholders the quarter was a loss of $2.5M.
Operating cash flow was $5.0M (down 29% year over year). Non-cash charges added back $6.8M of depreciation and amortization. Working capital and other items added $5.5M. Capital expenditures of $3.4M left free cash flow of $1.6M.
Questions
What was Bluerock Homes Trust's revenue in the fourth quarter 2024?
Bluerock Homes Trust (BHM) reported revenue of $13.8M for the fourth quarter 2024 (Q4 2024), +31% from a year earlier and +9% from the quarter before.
Was Bluerock Homes Trust profitable in the fourth quarter 2024?
Operating loss was $7.3M (-52.8% of revenue) and net loss $7.3M.