CaliberCos, Inc. Class A (CWD)
NASDAQ:CWD
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Earnings Data
Report Date
Aug 18, 2026After Close (Confirmed)
Period Ending
2026 (Q2)Consensus EPS Forecast
―Last Year’s EPS
-4.15Same Quarter Last Year
Based on 0 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Positive
The call presented a mix of clear operational progress and improved financial discipline — revenue growth (~16% YoY), a large reduction in adjusted EBITDA loss (75.9% improvement), expense cuts (‑11%) and material project milestones (Hyatt Studios financing close, permits and HUD approvals). Management also advanced digital asset/tokenization capabilities and enacted liability conversion programs to address near‑term maturities. Offsetting these positives are timing‑related revenue delays, a sequential decline in managed capital, a sizable amount of near‑term maturing unsecured notes (~$24.5M), and continued dependence on financings to realize the full year plan. On balance, the call skewed constructive because operational improvements, cost reductions, project financing wins, and proactive liability management substantially mitigate the highlighted risks, while guidance for 2026 was reaffirmed.Company Guidance
Platform Revenue Growth
Platform revenue for Q1 2026 was $4.1M, up from $3.5M in Q1 2025 — described by management as nearly 16% year‑over‑year growth.
Material Improvement in Platform Adjusted EBITDA
Platform adjusted EBITDA loss narrowed to less than $0.5M in Q1 2026 versus a $1.4M loss in the prior year quarter — a 75.9% improvement and roughly $1M of loss reduction.
Expense Reductions and Headcount Cuts
Total platform expenses decreased 11% year‑over‑year in Q1 2026. Average employee headcount fell 31% (from 74 to 51), reflecting cost savings initiatives that contributed to margin improvement.
Fund Management Fee and AUM Activity
Fund management fees increased 3.7% year‑over‑year. Performance allocations were $99M at quarter end (up from $88M year‑ago). Managed capital was $490M (down from $517M sequentially but roughly flat year‑over‑year versus $495M).
Digital Asset Treasury and Tokenization Progress
Caliber holds 507,560 LINK tokens with a fair value of approximately $4.5M at quarter end. The company accelerated non‑treasury pillars: building tokenization capabilities (Steamboat and PURE offerings targeted for tokenization), implementing Chainlink ACE for automated compliance, and executing a master staking agreement to earn yield on treasury assets.
Real Estate Execution and Project Milestones
Hyatt Studios Steamboat Springs closed acquisition and construction financing in April 2026 and is expected to break ground in Q2; 3 of 4 Hyatt Studios investor offerings launched. PURE Pickleball & Padel secured building permits and is nearing shovel‑ready status. Canyon HUD construction loan approval and demolition completed for Phase 1.
CHT Operational Improvements and Monetization
Caliber Hospitality Trust sold Holiday Inn Ocotillo for $13M; a new hotel management company transitioned operations for 5 of 6 assets, with gross operating profit margins improving from 46% to 54% so far.
Capital Structure Actions to Improve Liquidity
Board approved Note Holder Conversion Program allowing unsecured noteholders to convert notes into Series AAA convertible perpetual preferred stock (tiered conversion prices $2.50/$3.50/$4.50). Since program launch ~ $1.5M of notes converted to Series AAA preferred and ~$1.9M converted to Class A common in the quarter, reducing corporate debt by ~$3.4M in this round and ~$5.3M total since October 2025.
Reaffirmed 2026 Guidance
Management reaffirmed full‑year 2026 revenue guidance of $18M–$22M and expects adjusted EBITDA and net operating income to be positive for the year, with ~60% of growth driven by project financings and ~40% from capital formation and asset management.
CWD Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
CWD Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
May 13, 2026 | $0.99 | $1.12 | +13.02% |
Mar 25, 2026 | $1.30 | $1.18 | -9.23% |
Nov 13, 2025 | $2.77 | $2.34 | -15.52% |
Aug 13, 2025 | $2.57 | $1.84 | -28.40% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
FAQ
When does CaliberCos, Inc. Class A (CWD) report earnings?
CaliberCos, Inc. Class A (CWD) is schdueled to report earning on Aug 18, 2026, After Close (Confirmed).
What is CaliberCos, Inc. Class A (CWD) earnings time?
CaliberCos, Inc. Class A (CWD) earnings time is at Aug 18, 2026, After Close (Confirmed).
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What is CWD EPS forecast?
Currently, no data Available