Comstock Holding Companies, Inc. Revenue Disclosure
| Year Ended December 31, | ||||||||||||||
| 2025 | 2024 | |||||||||||||
| Revenue by Line of Business: | ||||||||||||||
| Asset management | $ | 36,620 | $ | 31,497 | ||||||||||
Property management (1) | 11,879 | 11,612 | ||||||||||||
| Parking management | 14,362 | 8,185 | ||||||||||||
| Total revenue | $ | 62,861 | $ | 51,294 | ||||||||||
(1) | CHCI Commercial and CHCI Residential | |||||||||||||
| Year Ended December 31, | ||||||||||||||
| 2025 | 2024 | |||||||||||||
| Revenue by Customer Type: | ||||||||||||||
| Related party | $ | 56,333 | $ | 48,278 | ||||||||||
| Commercial | 6,528 | 3,016 | ||||||||||||
| Total revenue | $ | 62,861 | $ | 51,294 | ||||||||||
| Year Ended December 31, | ||||||||||||||
| 2025 | 2024 | |||||||||||||
| Revenue by Timing: | ||||||||||||||
| Recurring/over time | $ | 52,050 | $ | 43,666 | ||||||||||
| Point-in-time | 10,811 | 7,628 | ||||||||||||
| Total revenue | $ | 62,861 | $ | 51,294 | ||||||||||
| Year Ended December 31, | |||||||||||||||||
| 2025 | 2024 | ||||||||||||||||
Revenue by Contract Fee Type:(1) | |||||||||||||||||
Cost recovery(2) | $ | 38,439 | $ | 33,687 | |||||||||||||
Variable(3) | 16,932 | 14,001 | |||||||||||||||
Fixed fee(4) | 7,490 | 3,606 | |||||||||||||||
| Total revenue | $ | 62,861 | $ | 51,294 | |||||||||||||
(1) | Certain contracts contain multiple revenue streams that lend to classification in more than one category. | ||||||||||||||||
(2) | Includes cost plus revenues tied to asset management services under the 2022 AMA and reimbursable expenses. | ||||||||||||||||
(3) | Includes fixed rate contract amounts applied to various variable metrics to determine the amount of revenue earned. | ||||||||||||||||
(4) | Includes fixed fee arrangements where the dollar value of the revenue earned remains consistent over time. | ||||||||||||||||
Historical Timeline
| Fiscal Year | Filed | |
|---|---|---|
| 2025 | Mar 17, 2026 | Showing above |
| 2024 | Mar 21, 2025 | |
About Revenue Disclosures
Revenue disclosures under ASC 606 explain how a company identifies performance obligations, allocates transaction prices, and determines when revenue is recognized. This section is essential for understanding whether reported revenue reflects genuine economic activity or aggressive accounting choices. Analysts examine the mix of point-in-time versus over-time recognition, which directly affects revenue timing and comparability.
Key signals: rising contract liabilities (deferred revenue) suggest strong future revenue visibility, while declining contract assets may indicate slowing project milestones. Watch for variable consideration estimates — rebates, returns, and performance bonuses that require management judgment. Significant changes in disaggregated revenue by geography or product line can reveal shifting business mix before it appears in headline numbers. Compare revenue growth against contract liability growth to assess sustainability, and scrutinize any changes in the timing of recognition that coincide with earnings pressure.