What is Bluerock Homes Trust Inc's earnings per share (EPS)?

Bluerock Homes Trust Inc (BHM) reported diluted earnings per share of $-3.02 for fiscal year 2025. This represents a -174.5% change compared to the previous fiscal year. EPS represents the portion of a company's net income allocated to each outstanding share of common stock and is widely used to evaluate profitability on a per-share basis.

Bluerock Homes Trust Inc Financials

BHM

Source SEC Filings (10-K/10-Q) Updated Mar 31, 2026 Currency USD FYE December

This page shows Bluerock Homes Trust Inc (BHM) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 5 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).

Rhea AI BHM FY2025 2026-05-07

Asset-base expansion is being funded mainly with more leverage, while depreciation-heavy losses obscure improving operating cash flow.

From FY2023 to FY2025, operating cash flow roughly doubled to $27.8M even as the net loss widened to -$32.6M, which points to non-cash depreciation driving much of the accounting weakness. The tradeoff is financing: debt-to-equity climbed to 3.3x and interest expense reached $24.0M, so the larger asset base is now being carried much more by creditors than by equity.

FY2025 ended with total assets of $1.15B against total liabilities of $1.03B, showing that recent scale-up added properties faster than it rebuilt shareholder capital. That leaves equity as a thinner cushion beneath a much larger balance sheet.

Free cash flow recovered to $10.4M in FY2025 as operating cash flow improved to $27.8M, so the portfolio is generating cash even though reported earnings remain negative. But ongoing capital spending and a reduced dividend of $1.5M suggest internally generated cash is being kept inside the business rather than widely distributed.

Financial Health Signals

Financial Profile 28/100

Based on FY2025 annual data, averaged across the last 3 years for performance metrics (most-recent year weighted highest). How this score is calculated →

Health score ≠ stock price. This rates the quality of Bluerock Homes Trust Inc's business: profitability, growth, balance sheet strength. It doesn't tell you whether the stock is a good buy at today's price. Not financial advice. Use it alongside valuation analysis and your own research.

Growth

Bluerock Homes Trust Inc's revenue surged 36.9% year-over-year to $68.7M, reflecting rapid business expansion. This strong growth earns a score of 82/100.

Leverage

Bluerock Homes Trust Inc has a moderate D/E ratio of 3.33. This balance of debt and equity financing earns a leverage score of 34/100.

Cash Flow

Bluerock Homes Trust Inc has a free cash flow margin of 15.1%, earning a moderate score of 49/100. The company generates positive cash flow after capital investments, but with room for improvement.

Returns

Bluerock Homes Trust Inc generates a -25.3% ROE, indicating limited profit relative to shareholders' investment. This results in a returns score of 0/100. This is down from -8.7% the prior year.

Piotroski F-Score Weak

3/9

Bluerock Homes Trust Inc passes 3 of 9 financial strength tests. 2 of 4 profitability signals pass, no leverage/liquidity signals pass (rising debt, declining liquidity, or share dilution), both operating efficiency signals pass.

Earnings Quality Mixed

-0.85x

For every $1 of reported earnings, Bluerock Homes Trust Inc generates $-0.85 in operating cash flow ($27.8M OCF vs -$32.6M net income). This mixed ratio suggests some earnings may rely on non-cash accounting items.

Key Financial Metrics

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Earnings & Revenue

Revenue

$68.7M

YoY+36.9%

Bluerock Homes Trust Inc generated $68.7M in revenue in fiscal year 2025. This represents an increase of 36.9% from the prior year.

EBITDA

N/A

Net Income

-$32.6M

YoY-169.6%

Bluerock Homes Trust Inc reported -$32.6M in net income in fiscal year 2025. This represents a decrease of 169.6% from the prior year.

EPS (Diluted)

$-3.02

YoY-174.5%

Bluerock Homes Trust Inc earned $-3.02 per diluted share (EPS) in fiscal year 2025. This represents a decrease of 174.5% from the prior year.

Cash & Balance Sheet

Free Cash Flow

$10.4M

YoY+4211.9%

Bluerock Homes Trust Inc generated $10.4M in free cash flow in fiscal year 2025, representing cash available after capex. This represents an increase of 4211.9% from the prior year.

Cash & Debt

$169.6M

YoY+47.2%

Bluerock Homes Trust Inc held $169.6M in cash against $428.4M in long-term debt as of fiscal year 2025.

Dividends Per Share

N/A

Shares Outstanding

N/A

Margins & Returns

Gross Margin

N/A

Operating Margin

N/A

Net Margin

-47.4%

YoY-23.4pp

Bluerock Homes Trust Inc's net profit margin was -47.4% in fiscal year 2025, showing the share of revenue converted to profit. This is down 23.4 percentage points from the prior year.

Return on Equity

-25.3%

YoY-16.6pp

Bluerock Homes Trust Inc's ROE was -25.3% in fiscal year 2025, measuring profit generated per dollar of shareholder equity. This is down 16.6 percentage points from the prior year.

Capital Allocation

R&D Spending

N/A

Share Buybacks

N/A

Capital Expenditures

$17.4M

YoY+86.4%

Bluerock Homes Trust Inc invested $17.4M in capex in fiscal year 2025, funding long-term assets and infrastructure. This represents an increase of 86.4% from the prior year.

BHM Income Statement

Metric	FY25	FY24	FY23	FY22	FY21
Revenue	$68.7M+36.9%	$50.2M+22.2%	$41.1M+20.4%	$34.1M+133.4%	$14.6M
Cost of Revenue	N/A	N/A	N/A	N/A	N/A
Gross Profit	N/A	N/A	N/A	N/A	N/A
R&D Expenses	N/A	N/A	N/A	N/A	N/A
SG&A Expenses	$11.2M+6.2%	$10.6M+32.3%	$8.0M+12.7%	$7.1M+55.4%	$4.6M
Operating Income	N/A	N/A	N/A	-$9.9M-2657.6%	$389K
Interest Expense	$24.0M+32.6%	$18.1M+38.1%	$13.1M	N/A	N/A
Income Tax	$1.6M	$0	N/A	N/A	N/A
Net Income	-$32.6M-169.6%	-$12.1M+23.3%	-$15.8M-1476.7%	-$1.0M-102.9%	$34.3M
EPS (Diluted)	$-3.02-174.5%	$-1.10+15.4%	$-1.30-400.0%	$-0.26-102.9%	$8.93

Metric	Q1'26	Q4'25	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24	Q2'24
Revenue	$19.7M+4.2%	$18.9M+13.8%	$16.6M-1.1%	$16.8M+2.4%	$16.4M+18.9%	$13.8M+8.7%	$12.7M+1.5%	$12.5M
Cost of Revenue	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Gross Profit	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
R&D Expenses	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
SG&A Expenses	$3.1M+10.3%	$2.8M+4.3%	$2.7M+1.5%	$2.7M-12.8%	$3.1M+7.8%	$2.8M+15.7%	$2.5M+0.6%	$2.4M
Operating Income	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Interest Expense	N/A	$6.5M+13.8%	$5.7M+1.0%	$5.6M-9.4%	$6.2M+17.8%	$5.3M+0.5%	$5.2M+29.3%	$4.1M
Income Tax	$76K-70.8%	$260K-35.0%	$400K-36.1%	$626K+80.9%	$346K	N/A	N/A	N/A
Net Income	-$10.3M-8.6%	-$9.5M+4.8%	-$10.0M-71.0%	-$5.8M+20.5%	-$7.3M-0.5%	-$7.3M-305.7%	$3.5M+168.6%	-$5.2M
EPS (Diluted)	$-0.90	N/A	$-0.94-42.4%	$-0.66+1.5%	$-0.67	N/A	$0.24+157.1%	$-0.42

BHM Balance Sheet

Metric	FY25	FY24	FY23	FY22	FY21
Total Assets	$1.2B+19.4%	$967.0M+44.0%	$671.6M+1.9%	$658.9M+21.7%	$541.5M
Current Assets	N/A	N/A	N/A	N/A	N/A
Cash & Equivalents	$169.6M+47.2%	$115.2M+43.7%	$80.2M+2.2%	$78.4M-39.4%	$129.4M
Inventory	N/A	N/A	N/A	N/A	N/A
Accounts Receivable	N/A	N/A	N/A	N/A	N/A
Goodwill	N/A	N/A	N/A	N/A	N/A
Total Liabilities	$1.0B+23.9%	$827.9M+57.9%	$524.3M+5.1%	$498.9M+27.7%	$390.6M
Current Liabilities	N/A	N/A	N/A	N/A	N/A
Long-Term Debt	$428.4M+69.5%	$252.8M+161.5%	$96.7M-1.5%	$98.2M+55.8%	$63.0M
Total Equity	$128.7M-7.4%	$139.1M-5.6%	$147.4M-7.9%	$160.0M+6.1%	$150.8M
Retained Earnings	$7.2M-65.2%	$20.7M-17.0%	$24.9M-25.2%	$33.3M-2.9%	$34.3M

Metric	Q1'26	Q4'25	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24	Q2'24
Total Assets	$1.1B-1.0%	$1.2B+419.7%	$222.1M+0.8%	$220.3M+18.3%	$186.2M-80.7%	$967.0M+20.7%	$800.8M+5.9%	$756.2M
Current Assets	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Cash & Equivalents	$170.1M+0.3%	$169.6M+7993.6%	$2.1M-50.3%	$4.2M-96.9%	$134.7M+17.0%	$115.2M-25.7%	$155.1M+33.8%	$116.0M
Inventory	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Accounts Receivable	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Goodwill	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Total Liabilities	$1.0B-0.7%	$1.0B+1034.3%	$90.4M+6.3%	$85.0M+73.1%	$49.1M-94.1%	$827.9M+25.8%	$657.9M+7.2%	$613.6M
Current Liabilities	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Long-Term Debt	$416.8M-2.7%	$428.4M	N/A	N/A	N/A	$252.8M+106.3%	$122.5M+2.4%	$119.7M
Total Equity	$124.8M-3.0%	$128.7M-2.3%	$131.7M-2.7%	$135.3M-1.3%	$137.1M-1.4%	$139.1M-2.7%	$142.9M+0.3%	$142.5M
Retained Earnings	$3.3M-54.7%	$7.2M-31.9%	$10.6M-28.0%	$14.7M-16.9%	$17.7M-14.6%	$20.7M	N/A	N/A

BHM Cash Flow Statement

Metric	FY25	FY24	FY23	FY22	FY21
Operating Cash Flow	$27.8M+206.5%	$9.1M-34.7%	$13.9M+296.8%	$3.5M-64.3%	$9.8M
Capital Expenditures	$17.4M+86.4%	$9.3M-2.3%	$9.5M-48.9%	$18.6M+995.7%	$1.7M
Free Cash Flow	$10.4M+4211.9%	-$253K-105.8%	$4.4M+128.7%	-$15.2M-286.9%	$8.1M
Investing Cash Flow	-$169.4M+24.7%	-$224.9M-774.4%	-$25.7M+85.5%	-$177.2M-212.1%	$158.0M
Financing Cash Flow	$204.9M-21.4%	$260.7M+1564.4%	$15.7M-86.9%	$119.3M+241.3%	-$84.5M
Dividends Paid	$1.5M-61.0%	$3.9M-69.0%	$12.5M	N/A	N/A
Share Buybacks	N/A	N/A	N/A	N/A	N/A

Metric	Q1'26	Q4'25	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24	Q2'24
Operating Cash Flow	-$8.5M-1621.6%	-$491K-103.7%	$13.4M-3.0%	$13.9M+1357.6%	$951K-81.0%	$5.0M+197.1%	$1.7M+33.3%	$1.3M
Capital Expenditures	$3.8M+4.1%	$3.7M-21.9%	$4.7M-6.9%	$5.1M+32.2%	$3.8M+14.0%	$3.4M+47.6%	$2.3M+19.2%	$1.9M
Free Cash Flow	-$12.3M-193.7%	-$4.2M-148.1%	$8.7M-0.8%	$8.8M+403.3%	-$2.9M-277.3%	$1.6M+371.5%	-$601K+8.1%	-$654K
Investing Cash Flow	$6.4M+110.6%	-$60.4M+27.3%	-$83.1M-84.7%	-$45.0M-336.9%	$19.0M+109.4%	-$202.5M-7454.7%	$2.8M+146.6%	-$5.9M
Financing Cash Flow	-$841K-101.2%	$72.1M-33.1%	$107.8M+322.6%	$25.5M+5414.0%	-$480K-100.3%	$163.9M+345.3%	$36.8M+26.6%	$29.1M
Dividends Paid	$4.2M+1.2%	$4.2M+2.7%	$4.1M+4.1%	$3.9M+27.8%	$3.1M+70.4%	$1.8M+27.1%	$1.4M+151.2%	$562K
Share Buybacks	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A

BHM Financial Ratios

Metric	FY25	FY24	FY23	FY22	FY21
Gross Margin	N/A	N/A	N/A	N/A	N/A
Operating Margin	N/A	N/A	N/A	-29.1%-31.8pp	2.7%
Net Margin	-47.4%-23.4pp	-24.1%+14.3pp	-38.4%-35.4pp	-2.9%-237.6pp	234.6%
Return on Equity	-25.3%-16.6pp	-8.7%+2.0pp	-10.7%-10.1pp	-0.6%-23.4pp	22.8%
Return on Assets	-2.8%-1.6pp	-1.3%+1.1pp	-2.4%-2.2pp	-0.1%-6.5pp	6.3%
Current Ratio	N/A	N/A	N/A	N/A	N/A
Debt-to-Equity	3.33+1.5	1.82+1.2	0.66+0.0	0.61+0.2	0.42
FCF Margin	15.1%+15.6pp	-0.5%-11.1pp	10.6%+55.0pp	-44.4%-99.8pp	55.4%

Metric	Q1'26	Q4'25	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24	Q2'24
Gross Margin	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Operating Margin	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Net Margin	-52.3%-2.1pp	-50.1%+9.8pp	-60.0%-25.3pp	-34.7%+10.0pp	-44.7%+8.2pp	-52.8%-80.8pp	27.9%+69.2pp	-41.3%
Return on Equity	-8.3%-0.9pp	-7.4%+0.2pp	-7.6%-3.3pp	-4.3%+1.0pp	-5.3%-0.1pp	-5.2%-7.7pp	2.5%+6.1pp	-3.6%
Return on Assets	-0.9%-0.1pp	-0.8%+3.7pp	-4.5%-1.8pp	-2.6%+1.3pp	-3.9%-3.2pp	-0.8%-1.2pp	0.4%+1.1pp	-0.7%
Current Ratio	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Debt-to-Equity	3.34+0.0	3.33+2.6	0.69+0.1	0.63+0.3	0.36-1.5	1.82+1.0	0.86+0.0	0.84
FCF Margin	-62.4%-40.3pp	-22.1%-74.6pp	52.4%+0.2pp	52.2%+69.9pp	-17.6%-29.4pp	11.8%+16.6pp	-4.7%+0.5pp	-5.2%

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Frequently Asked Questions

What is Bluerock Homes Trust Inc's annual revenue?

Bluerock Homes Trust Inc (BHM) reported $68.7M in total revenue for fiscal year 2025. This represents a 36.9% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.

How fast is Bluerock Homes Trust Inc's revenue growing?

Bluerock Homes Trust Inc (BHM) revenue grew by 36.9% year-over-year, from $50.2M to $68.7M in fiscal year 2025.

Is Bluerock Homes Trust Inc profitable?

No, Bluerock Homes Trust Inc (BHM) reported a net income of -$32.6M in fiscal year 2025, with a net profit margin of -47.4%.

How much debt does Bluerock Homes Trust Inc have?

As of fiscal year 2025, Bluerock Homes Trust Inc (BHM) had $169.6M in cash and equivalents against $428.4M in long-term debt.

What is Bluerock Homes Trust Inc's net profit margin?

Bluerock Homes Trust Inc (BHM) had a net profit margin of -47.4% in fiscal year 2025, representing the share of revenue converted into profit after all expenses.

What is Bluerock Homes Trust Inc's return on equity (ROE)?

Bluerock Homes Trust Inc (BHM) has a return on equity of -25.3% for fiscal year 2025, measuring how efficiently the company generates profit from shareholder equity.

What is Bluerock Homes Trust Inc's free cash flow?

Bluerock Homes Trust Inc (BHM) generated $10.4M in free cash flow during fiscal year 2025. This represents a 4211.9% change compared to the previous fiscal year. Free cash flow represents the cash a company generates after accounting for capital expenditures, and is widely used to assess financial flexibility and shareholder value.

What is Bluerock Homes Trust Inc's operating cash flow?

Bluerock Homes Trust Inc (BHM) generated $27.8M in operating cash flow during fiscal year 2025, representing cash generated from core business activities.

What are Bluerock Homes Trust Inc's total assets?

Bluerock Homes Trust Inc (BHM) had $1.2B in total assets as of fiscal year 2025, including both current and long-term assets.

What are Bluerock Homes Trust Inc's capital expenditures?

Bluerock Homes Trust Inc (BHM) invested $17.4M in capital expenditures during fiscal year 2025, funding long-term assets and infrastructure.

What is Bluerock Homes Trust Inc's debt-to-equity ratio?

Bluerock Homes Trust Inc (BHM) had a debt-to-equity ratio of 3.33 as of fiscal year 2025, measuring the company's financial leverage by comparing total debt to shareholder equity.

What is Bluerock Homes Trust Inc's return on assets (ROA)?

Bluerock Homes Trust Inc (BHM) had a return on assets of -2.8% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.

What is Bluerock Homes Trust Inc's Piotroski F-Score?

Bluerock Homes Trust Inc (BHM) has a Piotroski F-Score of 3 out of 9, indicating weak financial health. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7 to 9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.

Are Bluerock Homes Trust Inc's earnings high quality?

Bluerock Homes Trust Inc (BHM) has an earnings quality ratio of -0.85x, considered mixed quality. This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.

How financially healthy is Bluerock Homes Trust Inc?

Bluerock Homes Trust Inc (BHM) scores 28 out of 100 on our Financial Profile, indicating weak overall financial health. This composite score evaluates six dimensions: profitability (operating margin), revenue growth, leverage (debt-to-equity), liquidity (current ratio), cash flow quality (free cash flow margin), and shareholder returns (return on equity). Each dimension is normalized against standard financial benchmarks. Learn more in our complete guide to financial health indicators.