Filing Flows › CaliberCos (CWD) › Q1 2025
CaliberCos (CWD) Q1 2025 earnings results (first quarter 2025)
10-Q filed May 15, 2025
CaliberCos (CWD) reported revenue of $7.3M for the first quarter 2025 (Q1 2025), -68% from a year earlier and -16% from the quarter before. Operating margin was -62.7%, net loss $4.6M (62.7% of revenue).
CaliberCos, Q1 2025: revenue $7.3M (-68% year over year), operating margin -62.7%, net loss $4.6M, operating cash flow −$1.7M. The chart follows the revenue to costs, profit and cash.
| Q1 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $7.3M | -16% | -68% |
| Operating profit | −$4.6M | — | — |
| Net earnings | −$4.6M | — | — |
| Operating cash flow | −$1.7M | -331% | — |
What changed
Revenue was $7.3M in Q1 2025, down 68% year over year and down 16% from the previous quarter.
Operating costs exceeded revenue by $4.6M, an operating margin of -62.7%. Total costs fell 58% while revenue fell 68%. The fastest-growing cost line was Sales & marketing (+56%). The quarter ended with a net loss of $4.6M, narrower than the previous quarter's $10.9M loss. Minority interests bore $147K of it: to shareholders the quarter was a loss of $4.4M.
Operating cash flow was −$1.7M. Non-cash charges added back $157K of depreciation and amortization. Working capital and other items added $2.7M.
Questions
What was CaliberCos' revenue in the first quarter 2025?
CaliberCos (CWD) reported revenue of $7.3M for the first quarter 2025 (Q1 2025), -68% from a year earlier and -16% from the quarter before.
Was CaliberCos profitable in the first quarter 2025?
Operating loss was $4.6M (-62.7% of revenue) and net loss $4.6M.
Source: CaliberCos 10-Q on SEC EDGAR.