Filing Flows › CaliberCos (CWD) › Q2 2025
CaliberCos (CWD) Q2 2025 earnings results (second quarter 2025)
10-Q filed Aug 14, 2025
CaliberCos (CWD) reported revenue of $5.1M for the second quarter 2025 (Q2 2025), -38% from a year earlier and -30% from the quarter before. Operating margin was -112.4%, net loss $5.7M (112.4% of revenue).
CaliberCos, Q2 2025: revenue $5.1M (-38% year over year), operating margin -112.4%, net loss $5.7M, operating cash flow −$1.2M. The chart follows the revenue to costs, profit and cash.
| Q2 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $5.1M | -30% | -38% |
| Operating profit | −$5.7M | — | — |
| Net earnings | −$5.7M | — | — |
| Operating cash flow | −$1.2M | — | — |
What changed
Revenue was $5.1M in Q2 2025, down 38% year over year and down 30% from the previous quarter.
Operating costs exceeded revenue by $5.7M, an operating margin of -112.4%. Total costs fell 20% while revenue fell 38%. The quarter ended with a net loss of $5.7M, wider than the previous quarter's $4.6M loss. Minority interests bore $401K of it: to shareholders the quarter was a loss of $5.3M.
Operating cash flow was −$1.2M. Non-cash charges added back $166K of depreciation and amortization. Working capital and other items added $4.4M.
Questions
What was CaliberCos' revenue in the second quarter 2025?
CaliberCos (CWD) reported revenue of $5.1M for the second quarter 2025 (Q2 2025), -38% from a year earlier and -30% from the quarter before.
Was CaliberCos profitable in the second quarter 2025?
Operating loss was $5.7M (-112.4% of revenue) and net loss $5.7M.
Source: CaliberCos 10-Q on SEC EDGAR.