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CaliberCos (CWD) earnings and revenue breakdown
Latest: Q2 2026 · 10-Q filed Aug 14, 2026 · CaliberCos (CWD) Q2 2026 earnings results →
Q2 2026 Revenue down 17% year over year to $4.2M · 131¢ of every $1 of revenue lost · operating margin -131.4%
CaliberCos made $4.2M in Q2 2026 (-17% Y/Y). Operating margin -131.4%, net loss $5.5M. See where every dollar goes — costs, profit and cash — as a Sankey from the 10-Q filed Aug 14, 2026.
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What changed this quarter
Revenue was $4.2M in Q2 2026, down 17% year over year and down 2% from the previous quarter.
Operating costs exceeded revenue by $5.5M, an operating margin of -131.4%. Total costs fell 10% while revenue fell 17%. The quarter ended with a net loss of $5.5M, narrower than the previous quarter's $5.9M loss. Minority interests bore $2.2M of it: to shareholders the quarter was a loss of $3.4M.
Operating cash flow was −$2.7M. Working capital and other items added $2.9M.
Quarterly history
| Quarter | Form | Filed | Revenue | Y/Y | Op. margin | Net earnings | Op. cash flow |
|---|---|---|---|---|---|---|---|
| Q2 2026 | 10-Q | Aug 14, 2026 | $4.2M | -17% | -131.4% | −$5.5M | −$2.7M |
| Q1 2026 | 10-Q | May 14, 2026 | $4.3M | -41% | -138.1% | −$5.9M | −$2.6M |
| Q4 2025 | 10-K | Mar 26, 2026 | $4.1M | -52% | -195.3% | −$8.1M | −$4.5M |
| Q3 2025 | 10-Q | Nov 13, 2025 | $3.6M | -68% | -129.6% | −$4.7M | −$4.6M |
| Q2 2025 | 10-Q | Aug 14, 2025 | $5.1M | -38% | -112.4% | −$5.7M | −$1.2M |
| Q1 2025 | 10-Q | May 15, 2025 | $7.3M | -68% | -62.7% | −$4.6M | −$1.7M |
| Q4 2024 | 10-K | Mar 31, 2025 | $8.7M | -64% | -125.4% | −$10.9M | $754K |
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Customers and suppliers named in filings
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About CaliberCos
Over the past 16 years, we have grown into a leading diversified alternative asset management firm, with more than $2.6 billion in Managed Assets, comprised of $0.8 billion of assets under management (“AUM”) and $1.9 billion of assets under development (“AUD”). We are an alternative asset manager investing across real and digital assets. We sponsor and manage private real estate investment funds and maintain a digital asset treasury strategy focused on blockchain infrastructure assets. Our primary goal is to drive shareholder value by enhancing the wealth of accredited investor clients seeking to make investments in real and digital assets.
In its own words, from its 10-K, filed Mar 26, 2026.
CaliberCos against its Real Estate peers
The largest companies of the same SEC industry, each at its latest quarter. Revenue growth: -17% against the peers' median +8%. Operating margin: -131.4% against the peers' median 15.9%.
| Company | Quarter | Revenue | Y/Y | Op. margin |
|---|---|---|---|---|
| CWD CaliberCos | Q2 2026 | $4.2M | -17% | -131.4% |
| CBRE CBRE Group | Q3 2026 | $11.5B | +13% | 4.9% |
| CWK Cushman & Wakefield | Q3 2026 | $2.8B | +8% | 4.6% |
| Prologis, L.P. | Q3 2026 | $2.4B | +8% | 43.8% |
| Digital Realty Trust, L.P. | Q3 2026 | $1.9B | +21% | 15.9% |
| FOR Forestar Group | Q4 FY26 | $581M | -13% | 13.5% |
| Regency Centers LP | Q3 2026 | $419M | +8% | 72.3% |
| Tiaa Real Estate Account | Q3 2026 | $303M | -0.8% | 298.8% |
| MRP Millrose Properties | Q3 2026 | $211M | +18% | 85.5% |
Source: CaliberCos 10-Q on SEC EDGAR · CIK 1627282 · Real Estate
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History
Every quarter: Q2 2026 results · Q1 2026 results · Q4 2025 results · Q3 2025 results · Q2 2025 results · Q1 2025 results · Q4 2024 results