Caliber's earnings call highlighted strategic repositioning efforts, improved financing conditions, and significant agreements such as the Hyatt Studios development. However, the company faced challenges in revenue generation and fundraising, with continued losses and concerns over some financial targets. The sentiment is balanced with both positive strategic moves and existing financial challenges.

Company Guidance

During the Caliber Q1 2025 Earnings Conference Call, the company provided significant guidance on its strategic focus and financial outlook. Caliber aims to achieve profitability in the second half of 2025, with an annual EBITDA margin target of 25% or greater. The company is narrowing its focus to three core verticals: hospitality, multifamily, and multi-tenant industrial investing. Caliber plans to reduce long-term development exposure to a maximum of 30% of its portfolio, instead focusing on completing and selling existing developments. This strategy is expected to generate cash for new investments and boost asset management fees. As of March 31, 2025, Caliber's estimated performance allocations totaled $87.7 million, reflecting the potential value not included in GAAP financials. The company is also pursuing a $20 million offering of Series AA cumulative redeemable preferred stock and has launched a 1031 exchange program. Q1 platform revenue was $3.5 million, a 25% decrease from the previous year, while platform expenses decreased by 21% to $6.1 million. The company recorded a platform-adjusted EBITDA loss of $1.4 million, an improvement from the $1.7 million loss in the same period last year. Managed capital increased by 9.1% to $495.2 million. Caliber is also focused on enhancing liquidity and addressing unsecured notes, with $26.1 million maturing within the next 12 months.

Strategic Repositioning and Focus

Caliber continued its strategic repositioning, focusing on hospitality, multifamily, and multi-tenant industrial investing. This narrowed focus aims to reduce exposure to non-rent generating development activities to a maximum of 30% of the portfolio.

Improvement in Financing Environment

The financing environment for commercial real estate has begun to improve, which is expected to positively impact Caliber's strategies to increase AUM and offer a more attractive growth path.

New Hyatt Studios Development Agreement

Caliber entered into an agreement with Hyatt Hotels Corporation to develop 15 new Hyatt Studios hotels, representing an estimated $400 million in projects. This marks a major milestone in Caliber's growth as a hotel investor and developer.

Launch of Series AA Preferred Stock Offering

Caliber's Series AA cumulative redeemable preferred stock offering was qualified by the SEC, aiming to raise up to $20 million. Significant progress has been made in building a syndicate of brokers to distribute the offering.

Successful Fundraising in Wholesale Distribution

In Q1 2025, Caliber matched the wholesale fundraising total of all 2024, indicating strong progress and increasing order flow from selling agreements.

CaliberCos, Inc. Class A (CWD) Earnings, Revenues Date & History

The upcoming earnings date is based on a company’s previous reporting, and may be updated when the actual date is announced

Daily Earnings Calendar >

CWD Earnings History

Report Date	Fiscal Quarter	Forecast / EPS	Last Year's EPS	EPS YoY Change	Slides	Play Transcript
Nov 06, 2025	2025 (Q3)	-1.16 / -	0.2	―	―	―
Aug 13, 2025	2025 (Q2)	-0.94 / -4.15	-4.4	5.68% (+0.25)	―	―
May 15, 2025	2025 (Q1)	- / -3.85	-3.6	-6.94% (-0.25)	―	―
Mar 31, 2025	2024 (Q4)	-0.46 / -3.85	-3.6	-6.94% (-0.25)	―	―
Nov 12, 2024	2024 (Q3)	-2.60 / 0.20	-3.2	106.25% (+3.40)	―	―
Aug 12, 2024	2024 (Q2)	-2.20 / -4.40	-5.392	18.40% (+0.99)	―	―
May 09, 2024	2024 (Q1)	- / -0.06	-1.137	94.99% (+1.08)	―	―
Apr 15, 2024	2023 (Q4)	-0.40 / -3.60	-1.137	-216.62% (-2.46)	―	―
Nov 09, 2023	2023 (Q3)	- / -3.20	0.085	-3864.71% (-3.29)	―	―
Aug 10, 2023	2023 (Q2)	- / -5.39	0.085	-6443.53% (-5.48)	―	―

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
Aug 13, 2025	$2.57	$1.84	-28.40%
May 15, 2025	$3.86	$3.85	-0.26%
Mar 31, 2025	$11.08	$10.81	-2.44%
Nov 12, 2024	$11.99	$11.90	-0.75%

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 Nov 06, 2025, After Close (Confirmed).

What is CaliberCos, Inc. Class A (CWD) earnings time?

CaliberCos, Inc. Class A (CWD) earnings time is at Nov 06, 2025, After Close (Confirmed).

Where can I see when companies are reporting earnings?

You can see which companies are reporting today on our designated earnings calendar.

What companies are reporting earnings today?

You can see a list of the companies which are reporting today on TipRanks earnings calendar.

What is CWD EPS forecast?

CWD EPS forecast for the fiscal quarter 2025 (Q3) is -1.16.

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