Filing Flows › CaliberCos (CWD) › Q1 2026
CaliberCos (CWD) Q1 2026 earnings results (first quarter 2026)
10-Q filed May 14, 2026
CaliberCos (CWD) reported revenue of $4.3M for the first quarter 2026 (Q1 2026), -41% from a year earlier and +4% from the quarter before. Operating margin was -138.1%, net loss $5.9M (138.1% of revenue).
CaliberCos, Q1 2026: revenue $4.3M (-41% year over year), operating margin -138.1%, net loss $5.9M, operating cash flow −$2.6M. The chart follows the revenue to costs, profit and cash.
| Q1 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $4.3M | +4% | -41% |
| Operating profit | −$5.9M | — | — |
| Net earnings | −$5.9M | — | — |
| Operating cash flow | −$2.6M | — | — |
What changed
Revenue was $4.3M in Q1 2026, down 41% year over year and up 4% from the previous quarter.
Operating costs exceeded revenue by $5.9M, an operating margin of -138.1%. Total costs fell 13% while revenue fell 41%. The quarter ended with a net loss of $5.9M, narrower than the previous quarter's $8.1M loss. Minority interests bore $2.3M of it: to shareholders the quarter was a loss of $3.6M.
Operating cash flow was −$2.6M. Working capital and other items added $3.3M.
Questions
What was CaliberCos' revenue in the first quarter 2026?
CaliberCos (CWD) reported revenue of $4.3M for the first quarter 2026 (Q1 2026), -41% from a year earlier and +4% from the quarter before.
Was CaliberCos profitable in the first quarter 2026?
Operating loss was $5.9M (-138.1% of revenue) and net loss $5.9M.
Source: CaliberCos 10-Q on SEC EDGAR.