Filing Flows › CaliberCos (CWD) › Q4 2025
CaliberCos (CWD) Q4 2025 earnings results (fourth quarter 2025)
10-K filed Mar 26, 2026
CaliberCos (CWD) reported revenue of $4.1M for the fourth quarter 2025 (Q4 2025), -52% from a year earlier and +14% from the quarter before. Operating margin was -195.3%, net loss $8.1M (195.3% of revenue).
CaliberCos, Q4 2025: revenue $4.1M (-52% year over year), operating margin -195.3%, net loss $8.1M, operating cash flow −$4.5M. The chart follows the revenue to costs, profit and cash.
| Q4 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $4.1M | +14% | -52% |
| Operating profit | −$8.1M | — | — |
| Net earnings | −$8.1M | — | — |
| Operating cash flow | −$4.5M | — | -702% |
What changed
Revenue was $4.1M in Q4 2025, down 52% year over year and up 14% from the previous quarter.
Operating costs exceeded revenue by $8.1M, an operating margin of -195.3%. Total costs fell 38% while revenue fell 52%. The quarter ended with a net loss of $8.1M, wider than the previous quarter's $4.7M loss. Minority interests bore $339K of it: to shareholders the quarter was a loss of $7.7M.
Operating cash flow was −$4.5M. Working capital and other items added $3.5M.
Questions
What was CaliberCos' revenue in the fourth quarter 2025?
CaliberCos (CWD) reported revenue of $4.1M for the fourth quarter 2025 (Q4 2025), -52% from a year earlier and +14% from the quarter before.
Was CaliberCos profitable in the fourth quarter 2025?
Operating loss was $8.1M (-195.3% of revenue) and net loss $8.1M.
Source: CaliberCos 10-K on SEC EDGAR.