CaliberCos, Inc. Class A (CWD)
NASDAQ:CWD
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CaliberCos, Inc. Class A
(NASDAQ:CWD)
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Rating:46Neutral
Price Target:
$1.00
â–¼(-24.24% Downside)
Action:ReiteratedDate:04/24/26
The score is primarily held down by weak financial performance (sharp 2025 revenue decline, large net loss, and renewed cash burn), with only partial offset from balance-sheet improvement (reported zero debt in 2025) and positive corporate actions reducing/simplifying leverage. Technicals are neutral-to-soft with the stock still below key longer-term moving averages, and valuation is constrained by negative earnings and no dividend yield data.
Positive Factors
Balance sheet de-leveraging and return to positive equity
Reported zero debt in 2025 and positive equity improve financial flexibility and lower interest burden, reducing near-term refinancing risk. This durable shift supports the firm’s ability to pursue project financings and asset recycling without immediate heavy debt servicing constraints.
Negative Factors
Large net loss and negative operating cash flow
Sustained negative earnings and sizeable operating cash burn materially weaken internal funding ability and force external financing or asset sales. Persisting losses constrain reinvestment in growth projects and heighten execution risk for multi-year development plans and tokenization initiatives.
Read all positive and negative factors
Positive Factors
Negative Factors
Balance sheet de-leveraging and return to positive equity
Reported zero debt in 2025 and positive equity improve financial flexibility and lower interest burden, reducing near-term refinancing risk. This durable shift supports the firm’s ability to pursue project financings and asset recycling without immediate heavy debt servicing constraints.
Read all positive factors
CaliberCos, Inc. Class A (CWD) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$7.69M
Dividend YieldN/A
Average Volume (3M)6.95M
Price to Earnings (P/E)―
Beta (1Y)1.30
Revenue Growth-60.69%
EPS Growth39.16%
CountryUS
Employees81
SectorFinancial
Sector Strength70
IndustryAsset Management
Share Statistics
EPS (TTM)-1.24
Shares Outstanding6,682,240
10 Day Avg. Volume258,868
30 Day Avg. Volume6,954,357
Financial Highlights & Ratios
PEG Ratio>-0.01
Price to Book (P/B)2.63
Price to Sales (P/S)0.17
P/FCF Ratio-0.29
Enterprise Value/Market Cap12.60
Enterprise Value/Revenue4.82
Enterprise Value/Gross Profit-29.12
Enterprise Value/Ebitda-6.92
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)-0.49
Revenue Forecast (FY)$19.43M
CaliberCos, Inc. Class A Business Overview & Revenue Model
Company Description
CaliberCos Inc. is a real estate investment, and an asset management firm specializes in middle-market assets. It serves its investor clients by creating, managing, and servicing proprietary products, including middle-market investment funds, priv...
How the Company Makes Money
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CaliberCos, Inc. Class A Earnings Call Summary
Earnings Call Date:Nov 13, 2025
(Q3-2025)
| % Change Since: |
Next Earnings Date:Jun 18, 2026
Earnings Call Sentiment Neutral
Caliber has made significant strategic advancements with its expansion into digital asset investments and strengthened its balance sheet. However, the company faced challenges with a significant revenue decline and a slowdown in construction activities. Although there is positive momentum in fundraising and operational improvements, the financial results for the quarter reflect a mixed performance.Positive Updates
Expansion into Digital Asset Investments
Caliber launched its digital asset treasury (DAT) strategy, anchored in Chainlink's LINK token, positioning the company at the forefront of the merging of traditional and decentralized finance.
Negative Updates
Significant Decrease in Platform Revenue
Q3 platform revenue was approximately $3.5 million, a decrease of 52.7% from the prior year quarter.
Read all updates
Q3-2025 Updates
Positive
Negative
Expansion into Digital Asset Investments
Caliber launched its digital asset treasury (DAT) strategy, anchored in Chainlink's LINK token, positioning the company at the forefront of the merging of traditional and decentralized finance.
Read all positive updates
Company Guidance
In the third quarter of 2025, Caliber announced significant strategic shifts and financial advancements. The company expanded into digital asset investments by launching a Digital Asset Treasury (DAT) strategy anchored in Chainlink's LINK token, aiming to leverage decentralized finance opportunities. Caliber raised over $30 million to improve liquidity and reduce debt, transforming their balance sheet from a negative $17 million to a positive $6 million in shareholder equity. Their managed capital reached $506 million, and performance allocations increased to $90.5 million. Despite a 52.7% decline in quarterly revenue to $3.5 million, primarily due to a slowdown in construction activities, the company emphasized strong wholesale fundraising momentum and a 4% year-over-year increase in managed capital. They committed to maintaining an annual EBITDA margin of 25% or greater, with an eye on future profitability in 2026, driven by strategic investments in both real estate and digital assets.CaliberCos, Inc. Class A Financial Statement Overview
Summary
Income Statement
18
Very Negative
Balance Sheet
24
Negative
Cash Flow
22
Negative
| Breakdown | Dec 2025 | Mar 2025 | Mar 2024 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 20.10M | 51.12M | 90.94M | 83.96M | 56.03M |
| Gross Profit | -3.33M | 24.62M | 10.27M | 23.29M | 34.00K |
| EBITDA | -14.01M | -7.14M | -11.99M | 24.34M | -9.97M |
| Net Income | -21.80M | -19.78M | -12.70M | 2.02M | -698.00K |
Balance Sheet | |||||
| Total Assets | 135.40M | 105.53M | 299.43M | 278.83M | 245.65M |
| Cash, Cash Equivalents and Short-Term Investments | 2.54M | 2.31M | 3.81M | 7.66M | 8.38M |
| Total Debt | 98.23M | 81.76M | 209.61M | 177.63M | 166.31M |
| Total Liabilities | 109.17M | 94.28M | 233.41M | 201.65M | 195.96M |
| Stockholders Equity | 1.33M | -12.59M | 2.62M | -3.21M | -9.09M |
Cash Flow | |||||
| Free Cash Flow | -12.06M | 555.00K | -18.72M | -8.11M | -15.02M |
| Operating Cash Flow | -12.06M | 555.00K | -18.72M | -7.43M | -15.02M |
| Investing Cash Flow | -23.51M | -19.63M | 10.69M | -31.75M | -14.31M |
| Financing Cash Flow | 36.69M | 6.33M | 9.74M | 38.58M | 35.05M |
CaliberCos, Inc. Class A Technical Analysis
Positive
1.32
Price Trends
1.22
Positive
1.40
Negative
2.49
Negative
Market Momentum
-0.02
Negative
54.34
Neutral
74.63
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For CWD, the sentiment is Positive. The current price of 1.32 is above the 20-day moving average (MA) of 1.13, above the 50-day MA of 1.22, and below the 200-day MA of 2.49, indicating a neutral trend. The MACD of -0.02 indicates Negative momentum. The RSI at 54.34 is Neutral, neither overbought nor oversold. The STOCH value of 74.63 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for CWD.
CaliberCos, Inc. Class A Risk Analysis
CaliberCos, Inc. Class A disclosed 43 risk factors in its most recent earnings report. CaliberCos, Inc. Class A reported the most risks in the "Finance & Corporate" category.
Finance & Corporate - Financial and accounting risks. Risks related to the execution of corporate activity and strategy
Latest Risks Added 0 New Risks
CaliberCos, Inc. Class A Peers Comparison
UnderperformOutperform
Sector (68)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
68 Neutral | $18.00B | 11.42 | 9.92% | 3.81% | 9.73% | 1.22% | |
46 Neutral | $7.69M | -0.16 | -1438.14% | ― | -60.69% | 39.16% | |
| ― | $11.18M | >-0.01 | -109.09% | ― | ― | -8154.56% | |
| ― | $4.26B | -0.02 | -38.57% | ― | ― | ― | |
57 Neutral | $26.15M | -92.56 | 60.02% | ― | ― | ― | |
46 Neutral | $6.97M | -1.17 | -25.88% | 1.07% | -22.05% | -2569.59% | |
42 Neutral | $49.32M | ― | 38.19% | ― | -25.29% | 54.99% |
* Financial Sector Average
CWD
CaliberCos, Inc. Class A
1.09
-3.83
-77.85%
BTTC
Black Titan
1.23
-2.61
-67.97%
MAAS
Highest Performances Holdings
9.64
-487.16
-98.06%
BENF
Beneficient
3.47
1.01
41.06%
GRAN
Grande Group Limited Class A
1.05
-3.74
-78.08%
MLCI
Mount Logan Capital Inc
4.44
-3.47
-43.86%
CaliberCos, Inc. Class A Corporate Events
Business Operations and StrategyPrivate Placements and Financing
CaliberCos Advances Multi-Market Hyatt Studios Hotel Developments
Positive
Apr 23, 2026
CaliberCos Inc., a diversified real estate and digital asset management platform, is expanding its presence in the upper-midscale extended-stay hotel segment through a multi-market Hyatt Studios development strategy. The company focuses on buildin...
Business Operations and StrategyPrivate Placements and Financing
CaliberCos Advances Noteholder Conversions to Reduce Corporate Debt
Positive
Apr 15, 2026
On April 14, 2026, CaliberCos Inc. reported further progress in cutting corporate leverage via the second round of its Noteholder Conversion Program, converting about $1.9 million of unsecured notes into Class A common stock and roughly $1.5 milli...
Business Operations and StrategyPrivate Placements and Financing
CaliberCos Launches Note Conversion and Preferred Stock Alignment
Positive
Apr 14, 2026
In March 2026, CaliberCos Inc. launched a note conversion program allowing holders of certain unsecured promissory notes to convert their debt into Class A common stock or newly created Series AAA Convertible Preferred Stock. By April 9, 2026, not...
Business Operations and StrategyPrivate Placements and Financing
CaliberCos Advances PURE Pickleball & Padel With Permits
Positive
Apr 13, 2026
CaliberCos Inc., a diversified real estate and digital asset management platform, has co-developed PURE Pickleball Padel, a roughly 196,000-square-foot indoor sports and social club in a Qualified Opportunity Zone near Scottsdale, Arizona, design...
Business Operations and StrategyExecutive/Board ChangesShareholder Meetings
CaliberCos Announces Board Transition and New Independent Director
Positive
Apr 1, 2026
CaliberCos Inc., a Nasdaq-listed real estate and digital asset-focused alternative asset manager, specializes in middle-market hospitality and multifamily properties and is expanding into blockchain-enabled tokenization of real estate funds. The f...
Business Operations and StrategyPrivate Placements and FinancingRegulatory Filings and Compliance
CaliberCos Simplifies Capital Structure with Preferred Conversion
Positive
Mar 31, 2026
On March 30, 2026, CaliberCos Inc. announced that an institutional investor had converted approximately $15.9 million of perpetual, non-dividend-paying Series B preferred equity into 63,472 shares of common stock at a conversion price of $250 per ...
Business Operations and StrategyFinancial DisclosuresM&A Transactions
CaliberCos Outlines 2026 Outlook Amid Portfolio Realignment
Neutral
Mar 25, 2026
Caliber reported that for the fourth quarter and full year ended Dec. 31, 2025, platform revenue declined to $4.0 million and $15.2 million respectively, reflecting delays in capital markets activity and the timing of project financings, while pla...
Regulatory Filings and ComplianceShareholder Meetings
CaliberCos Sets 2026 Virtual Annual Meeting, Resets Deadlines
Neutral
Mar 25, 2026
On March 19, 2026, CaliberCos Inc.’s board set May 14, 2026 as the date for its 2026 annual meeting of stockholders, which will be held virtually, and designated March 20, 2026 as the record date for voting eligibility. Because the meeting d...
Business Operations and StrategyFinancial Disclosures
CaliberCos Sets Date for Q4 2025 Earnings Release
Neutral
Mar 16, 2026
CaliberCos Inc., which trades on Nasdaq as CWD, is an alternative asset manager operating a diversified real estate and digital asset management platform. The company oversees more than $2.6 billion in managed assets and has a 16-year track record...
Business Operations and StrategyM&A Transactions
CaliberCos Advances Hotel Portfolio Strategy With Asset Sale
Positive
Feb 27, 2026
On Feb. 27, 2026, Caliber announced it had sold the Holiday Inn Ocotillo in the Phoenix–Chandler submarket for $13 million, an asset held within Caliber Hospitality Trust, its private Up-C hospitality vehicle. Management said the deal valida...
Business Operations and StrategyShareholder Meetings
CaliberCos Stockholders Approve Major Share Authorization Increase
Neutral
Feb 5, 2026
At a special meeting held on January 30, 2026, CaliberCos, Inc. Class A stockholders approved a significant increase in the company’s authorized Class A common stock, from 100 million to 500 million shares, with the charter amendment becomin...
Business Operations and Strategy
CaliberCos CEO Outlines Strategy for Distressed Real Estate
Positive
Feb 4, 2026
CaliberCos published CEO Chris Loeffler’s February 3, 2026 letter outlining how the firm plans to exploit the post-September 2024 trough in commercial property values and a rare window for purchasing distressed office, multifamily, industria...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.