CaliberCos, Inc. Class A (CWD) AI Stock Analysis

• Market Cap: $8.42M
• Dividend Yield: N/A
• Average Volume (3M): 6.95M
• Price to Earnings (P/E): ―
• Beta (1Y): 1.28
• Revenue Growth: -62.09%
• EPS Growth: -99.89%
• Country: US
• Employees: 81
• Sector: Financial
• Sector Strength: 70
• Industry: Asset Management
• EPS (TTM): -1.65
• Shares Outstanding: 6,534,319
• 10 Day Avg. Volume: 258,868
• 30 Day Avg. Volume: 6,954,357
• PEG Ratio: -0.36
• Price to Book (P/B): -24.42
• Price to Sales (P/S): 6.01
• P/FCF Ratio: 553.81
• Enterprise Value/Market Cap: 6.01
• Enterprise Value/Revenue: 1.57
• Enterprise Value/Gross Profit: 3.90
• Enterprise Value/Ebitda: -6.91
• 1Y Price Target: N/A
• Price Target Upside: N/A
• Rating Consensus: N/A
• Number of Analyst Covering: 0
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 45 Neutral
• Price Target: $1.50 ▲(13.64% Upside)

The score is weighed down primarily by weak financial performance (persistent losses, revenue contraction, and renewed TTM cash burn) and bearish technicals (price below all key moving averages with negative MACD). The earnings call provides some offset via balance-sheet improvement and fundraising momentum, but current operating results and valuation (negative P/E with no dividend support) keep the overall score low.

Positive Factors

Balance-sheet improvement

A material equity raise that reversed prior negative shareholders' equity materially strengthens the firm's capital cushion and reduces near-term solvency risk. This lasting improvement lowers default and covenant pressure, expanding optionality for project financing and strategic initiatives over the next 2–6 months.

Scaling wholesale fundraising & managed capital

Demonstrated ability to scale wholesale distribution and grow fee-bearing AUM signals durable revenue expansion potential from management fees and performance allocations. A larger managed capital base diversifies income sources and supports organic growth even if platform revenue lags in the near term.

Strategic Digital Asset Treasury (DAT)

Adopting a treasury strategy anchored in Chainlink and securing institutional custody are structural moves diversifying treasury assets and potential yield sources. If executed prudently, DAT can lower cash drag, add alternative, non-correlated returns, and strengthen liquidity management over the medium term.

Negative Factors

Persistent profitability weakness

Sustained net losses and meaningful revenue decline indicate the company has not achieved scale or operating leverage. Without durable top-line recovery, profitability targets (pushed to 2026) may be difficult to meet, constraining reinvestment and impairing long-term margin improvement.

High leverage and thin equity

Large indebtedness relative to a thin equity base elevates refinancing, interest rate, and covenant risk. This structural leverage limits financial flexibility for new developments, increases cost of capital, and makes the company more vulnerable to cash-flow shocks over the coming months.

Volatile cash generation; renewed cash burn

Inconsistent and recently negative free cash flow undermines self-funding capacity for construction and development. Reliance on external capital raises execution risk for projects, increases dilution or debt needs, and makes sustainable growth dependent on continued successful fundraising.

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, private syndications, and direct investments, which are managed by the firm's in-house asset services group. It invests primarily in commercial real estate, qualified opportunity zones (QOZ), private equity, and debt facilities. It delivers a full suite of alternative investments to high net worth, accredited and qualified investors, as well as family offices and smaller institutions. CaliberCos Inc. was founded in 2009 and is headquartered in Scottsdale, Arizona.

How the Company Makes Money

CaliberCos generates revenue through multiple key streams. Primarily, the company earns income from rental revenue generated by its multifamily residential properties, which are leased to tenants. Additionally, CaliberCos engages in property sales, realizing profits from appreciating real estate values. The company also develops new residential projects, where it profits from both the sale of these properties and management fees associated with overseeing the development process. Significant partnerships with local governments and private investors enhance its financial stability, providing access to capital and facilitating large-scale projects. Furthermore, CaliberCos may earn fees for property management services provided to third-party owners, creating an additional income source.

CaliberCos, Inc. Class A Financial Statement Overview

Summary

Financial performance is weak: profitability remains negative (TTM net loss of ~$20.9M on ~$32.3M revenue), revenue contracted from 2023 to 2024, and TTM free cash flow is negative (~-$6.8M). Balance-sheet risk is elevated with sizable debt (~$62.6M) versus modest equity (~$7.4M), though debt reduction is a modest positive.

Income Statement

Profitability is weak across the period, with losses in most years and negative operating earnings in every year except 2022. TTM (Trailing-Twelve-Months) results remain pressured (net loss of ~$20.9M on ~$32.3M of revenue), and annual revenue has contracted meaningfully from 2023 to 2024, indicating deteriorating scale. A positive is that gross profit is positive in the latest periods (TTM and 2024), showing some improvement versus earlier years when gross profit was negative, but operating costs still overwhelm gross profit and keep margins deeply negative.

Balance Sheet

Leverage is high relative to the company’s capital base. While total debt has come down substantially since 2023, equity has been thin and in some years negative, which signals limited balance-sheet cushion and elevated financial risk. TTM shows modestly positive equity (~$7.4M) against sizable debt (~$62.6M), still implying significant reliance on borrowing. Overall, the trajectory on debt reduction helps, but the combination of past negative equity and ongoing losses keeps balance-sheet strength below average.

Cash Flow

Cash generation is inconsistent. 2024 produced slightly positive operating cash flow and free cash flow (~$0.6M), but TTM (Trailing-Twelve-Months) has swung back to negative operating cash flow and free cash flow (about -$6.8M), suggesting renewed cash burn. Earlier years also show frequent negative operating cash flow, highlighting volatility and limited self-funding capacity. The key strength is that free cash flow has improved materially versus the very weak 2023 level, but it has not stabilized into sustained positive generation.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	32.32M	51.12M	90.94M	83.96M	56.03M	37.88M
Gross Profit	12.97M	24.62M	10.27M	23.29M	34.00K	-6.84M
EBITDA	-7.33M	-7.14M	-11.99M	24.34M	-9.97M	-18.28M
Net Income	-20.92M	-19.78M	-12.70M	2.02M	-698.00K	-5.45M
Balance Sheet
Total Assets	82.57M	105.53M	299.43M	278.83M	245.65M	227.34M
Cash, Cash Equivalents and Short-Term Investments	13.39M	2.31M	3.81M	7.66M	8.38M	6.53M
Total Debt	62.65M	81.76M	209.61M	177.63M	166.31M	151.08M
Total Liabilities	73.28M	94.28M	233.41M	201.65M	195.96M	178.90M
Stockholders Equity	7.38M	-12.59M	2.62M	-3.21M	-9.09M	-16.34M
Cash Flow
Free Cash Flow	-6.77M	555.00K	-18.72M	-8.11M	-15.02M	-16.56M
Operating Cash Flow	-6.77M	555.00K	-18.72M	-7.43M	-15.02M	-15.77M
Investing Cash Flow	-19.17M	-19.63M	10.69M	-31.75M	-14.31M	-9.67M
Financing Cash Flow	35.23M	6.33M	9.74M	38.58M	35.05M	19.56M

CaliberCos, Inc. Class A Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 1.32
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Negative
• MACD: Negative
• RSI: Neutral
• STOCH: Positive

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For CWD, the sentiment is Negative. The current price of 1.32 is below the 20-day moving average (MA) of 1.35, below the 50-day MA of 1.62, and below the 200-day MA of 3.24, indicating a bearish trend. The MACD of -0.12 indicates Negative momentum. The RSI at 31.47 is Neutral, neither overbought nor oversold. The STOCH value of 9.58 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for CWD.

CaliberCos, Inc. Class A Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
Sector *	68 Neutral	$18.00B	11.42	9.92%	3.81%	9.73%	1.22%
MLCI	59 Neutral	$6.93M	-4.12	-25.88%	1.07%	66.65%	-1497.99%
GRAN	56 Neutral	$68.24M	―	―	―	―	―
MAAS	49 Neutral	$1.95B	-0.01	―	―	2195.36%	-35.59%
CWD	45 Neutral	$8.42M	-0.06	-1438.14%	―	-62.09%	-99.89%
BENF	44 Neutral	$64.89M	-0.05	―	―	-33.98%	94.83%
BTTC	34 Underperform	$17.17M	-0.68	-109.09%	―	―	60.78%

CaliberCos, Inc. Class A Corporate Events

CaliberCos Partners with StoneX for Digital Asset Strategy

On December 16, 2025, CaliberCos Inc. announced its selection of StoneX as an additional institutional platform to support its Digital Asset Treasury Strategy. This partnership provides Caliber with access to deep liquidity and institutional-grade custody, enhancing its ability to accumulate and trade Chainlink’s Token, LINK. This move positions Caliber as a pioneer in integrating blockchain infrastructure with real asset investing, offering shareholders transparent exposure to LINK and reinforcing its market position.

The most recent analyst rating on (CWD) stock is a Sell with a $1.50 price target. To see the full list of analyst forecasts on CaliberCos, Inc. Class A stock, see the CWD Stock Forecast page.

CaliberCos Stakes 75,000 LINK in Chainlink Network

On December 11, 2025, CaliberCos Inc. announced its first direct participation in the Chainlink Network by staking 75,000 LINK tokens with a leading Chainlink node operator. This move is a significant step in Caliber’s Digital Asset Treasury strategy, aimed at supporting Chainlink’s infrastructure and generating token-denominated yield. The initiative highlights Caliber’s commitment to the modernization of global finance by actively participating in the infrastructure that supports digital finance, positioning itself as an early participant in the evolving blockchain ecosystem.

The most recent analyst rating on (CWD) stock is a Sell with a $1.50 price target. To see the full list of analyst forecasts on CaliberCos, Inc. Class A stock, see the CWD Stock Forecast page.

CaliberCos Regains Nasdaq Compliance with Equity Increase

On November 17, 2025, CaliberCos Inc. announced that it had regained compliance with Nasdaq’s minimum stockholders’ equity requirement, having increased its equity to $6,087,000, surpassing the $2,500,000 threshold. This development reflects Caliber’s improved financial position and commitment to long-term shareholder value, closing the compliance matter with Nasdaq.

The most recent analyst rating on (CWD) stock is a Hold with a $2.00 price target. To see the full list of analyst forecasts on CaliberCos, Inc. Class A stock, see the CWD Stock Forecast page.

CaliberCos Reports Q3 2025 Financial Results and Initiatives

Caliber reported its third-quarter 2025 financial results, highlighting a transformative period marked by raising over $30 million in equity and launching a Digital Asset Treasury (DAT) anchored in Chainlink (LINK) tokens. Despite a decline in revenue and a net loss compared to the previous year, the company strengthened its balance sheet and liquidity, positioning itself for future profitability. Key developments during the quarter included strategic partnerships and acquisitions, such as a 10-year agreement with Wolfgang Puck Catering and the purchase of LINK tokens to support its DAT strategy. The company also announced a partnership to deploy EV charging infrastructure, aiming to enhance sustainability and profitability across its portfolio.

The most recent analyst rating on (CWD) stock is a Sell with a $2.50 price target. To see the full list of analyst forecasts on CaliberCos, Inc. Class A stock, see the CWD Stock Forecast page.

CaliberCos to Announce Q3 2025 Financial Results

On November 4, 2025, CaliberCos Inc. announced it will release its third quarter 2025 financial results on November 13, 2025, after the market closes. The company will also host a webcast and conference call to discuss the results, providing stakeholders an opportunity to engage with management and gain insights into the company’s performance and strategic direction.

The most recent analyst rating on (CWD) stock is a Sell with a $2.50 price target. To see the full list of analyst forecasts on CaliberCos, Inc. Class A stock, see the CWD Stock Forecast page.