CaliberCos Inc.
Business
CaliberCos Inc. is a real estate asset management firm that acquires, develops, manages and monetizes multi-family residential, hospitality and multi-tenant industrial properties. It offers real estate fund products and fee-based services including asset and fund management, development and construction management, brokerage, financing and advisory services, and performance allocations from fund investments. Key business segments include its vertically integrated Platform, a dedicated hospitality platform (including the Caliber Hospitality Trust), and development and fund formation activities. Caliber markets its products through direct distribution to financial professionals, family offices, registered investment advisers, broker-dealers and high-net-worth investors, and sources deals regionally with a focus on Arizona, Colorado and Texas while deploying hospitality investments across the United States.
Summary from filing dated 2025-03-31
Financials
Consolidated Statement of Income
| Concept | Trend | FY 2025 2025-12-31 | FY 2024 2024-12-31 | FY 2023 2023-12-31 | FY 2022 2022-12-31 |
|---|---|---|---|---|---|
| Revenue | 15 | 21 | 21 | — | |
| Total revenues | 20 | 51 | 91 | 84 | |
| Total expenses | 28 | 64 | 120 | 92 | |
| Other expense, net | −3 | −3 | 374,000 | 326,000 | |
| Change in fair value of digital assets | −6 | 0 | — | — | |
| Interest income | 356,000 | 360,000 | 350,000 | 178,000 | |
| Interest expense | −7 | −5 | −5 | — | |
| Net loss before income taxes | −23 | −21 | −28 | 14 | |
| Provision for income taxes | 0 | 0 | 0 | 0 | |
| Net loss | −23 | −21 | −28 | 14 | |
| Net loss attributable to noncontrolling interests | −1 | −2 | −15 | 12 | |
| Net loss attributable to CaliberCos Inc. | −22 | −20 | −13 | 2 | |
| Basic net loss per share attributable to common stockholders (in dollars per share) | −7.7 | −17.9 | −0.63 | 0.11 | |
| Diluted net loss per share attributable to common stockholders (in dollars per share) | −7.7 | −17.9 | −0.63 | 0.11 | |
| Basic (in shares) | 3 | 1 | 20 | 18 | |
| Diluted (in shares) | 3 | 1 | 20 | 20 |
Consolidated Balance Sheet
| Concept | Trend | FY 2025 2025-12-31 | FY 2024 2024-12-31 | FY 2023 2023-12-31 | FY 2022 2022-12-31 | FY 2021 2021-12-31 |
|---|---|---|---|---|---|---|
| Digital assets | 7 | — | — | — | — | |
| Total assets | 135 | 106 | 299 | 279 | — | |
| Total liabilities | 109 | 94 | 233 | 202 | — | |
| Commitments and Contingencies (Note 12) | — | — | — | — | — | |
| Paid-in capital | 80 | 44 | 39 | 33 | — | |
| Accumulated deficit | −78 | −57 | −37 | −23 | — | |
| Stockholders equity (deficit) attributable to CaliberCos Inc. | 1 | −13 | 3 | −3 | — | |
| Stockholders equity attributable to noncontrolling interests | 25 | 24 | 63 | 80 | — | |
| Total stockholders equity | 26 | 11 | 66 | 77 | 50 | |
| Total liabilities and stockholders equity | 135 | 106 | 299 | 279 | — |
Consolidated Statement of Cash Flows
| Concept | Trend | FY 2025 2025-12-31 | FY 2024 2024-12-31 | FY 2023 2023-12-31 | FY 2022 2022-12-31 |
|---|---|---|---|---|---|
| Net cash (used in) provided by the Company's operating activities | −12 | 555,000 | −19 | −7 | |
| Net cash used in the Company's investing activities | −24 | −20 | −5 | −32 | |
| Net cash provided by the Company's financing activities | 37 | 6 | 26 | 39 | |
| Net Change in Cash and Restricted Cash | 1 | −13 | 2 | −598,000 |