Filing Flows › Braemar Hotels & Resorts (BHR) › Q3 2026 › vs Q3 2025
Braemar Hotels & Resorts (BHR) Q3 2026 vs Q3 2025 (year over year)
Braemar Hotels & Resorts's revenue fell $42.0M (-29%) from $144M in Q3 2025 to $102M in Q3 2026. The biggest changes: Rooms −$22.6M (-26%); Food and beverage −$10.7M (-29%); Other −$8.8M (-41%).
Braemar Hotels & Resorts, Q3 2026: revenue $102M (-29% year over year), operating margin -240.0%, net loss $249M, operating cash flow −$258M. The chart draws each line against Q3 2025, the increases inside each band.
Every line
| Line | Q3 2026 | Q3 2025 | Change | % |
|---|---|---|---|---|
| Rooms | $63.1M | $85.7M | −$22.6M | -26% |
| Food and beverage | $26.0M | $36.6M | −$10.7M | -29% |
| Other | $12.4M | $21.2M | −$8.8M | -41% |
| Revenue | $102M | $144M | −$42.0M | -29% |
| Income tax benefit | $9.8M | $648K | $9.1M | 15× |
| Net loss | $249M | −$4.7M | $254M | — |
| Costs & expenses | $361M | $144M | $217M | +150% |
| Operating costs | $345M | $114M | $232M | +204% |
| Interest & other, net | $15.3M | $25.7M | −$10.4M | -40% |
| Cost of revenue | $84.4M | $112M | −$27.2M | -24% |
| Other operating costs | $261M | $2.1M | $259M | 122× |
| Operating cash sources | $275M | $28.9M | $246M | +850% |
| Depreciation & amortization | $16.6M | $23.2M | −$6.6M | -28% |
| Cash used in operations | $258M | $5.8M | $252M | 45× |
| Net loss absorbed | $249M | −$4.7M | $254M | — |
| Working capital & other | $25.4M | $33.7M | −$8.4M | -25% |
Questions
How much did Braemar Hotels & Resorts's revenue grow year over year in Q3 2026?
Braemar Hotels & Resorts's revenue fell $42.0M (-29%) from $144M in Q3 2025 to $102M in Q3 2026.
What drove Braemar Hotels & Resorts's revenue change in Q3 2026?
Rooms −$22.6M (-26%); Food and beverage −$10.7M (-29%); Other −$8.8M (-41%).