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CaliberCos (CWD) Q2 2026 earnings results (second quarter 2026)

10-Q filed Aug 14, 2026

CaliberCos (CWD) reported revenue of $4.2M for the second quarter 2026 (Q2 2026), -17% from a year earlier and -2% from the quarter before. Operating margin was -131.4%, net loss $5.5M (131.4% of revenue).

Revenue$4.2M
Year over year-17%
Quarter over quarter-2%
Operating margin-131.4%
Net earnings−$5.5M

CaliberCos, Q2 2026: revenue $4.2M (-17% year over year), operating margin -131.4%, net loss $5.5M, operating cash flow −$2.7M. The chart follows the revenue to costs, profit and cash.

Q2 2026AmountQ/QY/Y
Revenue$4.2M-2%-17%
Operating profit−$5.5M——
Net earnings−$5.5M——
Operating cash flow−$2.7M——

What changed

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.

Questions

What was CaliberCos' revenue in the second quarter 2026?

CaliberCos (CWD) reported revenue of $4.2M for the second quarter 2026 (Q2 2026), -17% from a year earlier and -2% from the quarter before.

Was CaliberCos profitable in the second quarter 2026?

Operating loss was $5.5M (-131.4% of revenue) and net loss $5.5M.

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Source: CaliberCos 10-Q on SEC EDGAR.