CaliberCos Financials
This page shows CaliberCos (CWD) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 3 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).
Financial Health Signals
CaliberCos 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.
For every $1 of reported earnings, CaliberCos generates $-0.03 in operating cash flow ($555K OCF vs -$19.8M net income). This mixed ratio suggests some earnings may rely on non-cash accounting items.
Key Financial Metrics
CaliberCos generated $51.1M in revenue in fiscal year 2024. This represents a decrease of 43.8% from the prior year.
CaliberCos reported -$19.8M in net income in fiscal year 2024. This represents a decrease of 55.7% from the prior year.
CaliberCos earned $-0.90 per diluted share (EPS) in fiscal year 2024. This represents a decrease of 42.9% from the prior year.
CaliberCos held $2.3M in cash against $0 in long-term debt as of fiscal year 2024.
CaliberCos had 15M shares outstanding in fiscal year 2024. This represents an increase of 9.4% from the prior year.
CaliberCos's net profit margin was -38.7% in fiscal year 2024, showing the share of revenue converted to profit. This is down 24.7 percentage points from the prior year.
CWD Income Statement
| Metric | Q3'25 | Q2'25 | Q1'25 | Q3'24 | Q3'24 | Q2'24 | Q1'24 | Q4'23 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $3.6M-28.3% | $5.1M-30.1% | $7.3M-16.4% | $8.7M-23.1% | $11.3M+38.2% | $8.2M-64.4% | $23.0M-4.2% | $23.9M |
| 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 | $1.5M+25.4% | $1.2M-25.8% | $1.6M | N/A | $1.4M-30.7% | $2.1M+7.2% | $1.9M | N/A |
| Operating Income | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Interest Expense | $1.9M+7.9% | $1.7M+7.9% | $1.6M+9.9% | $1.5M+8.7% | $1.3M+2.6% | $1.3M+1.6% | $1.3M-1.1% | $1.3M |
| Income Tax | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Net Income | -$4.4M+17.5% | -$5.3M-20.2% | -$4.4M+61.3% | -$11.4M-7900.0% | $146K+103.1% | -$4.7M-24.3% | -$3.8M-61.2% | -$2.4M |
| EPS (Diluted) | $-1.65+60.2% | $-4.15-7.8% | $-3.85-156.2% | $6.85+5608.3% | $0.12+102.8% | $-4.34-22.9% | $-3.53-3109.1% | $-0.11 |
CWD Balance Sheet
| Metric | Q3'25 | Q2'25 | Q1'25 | Q3'24 | Q3'24 | Q2'24 | Q1'24 | Q4'23 |
|---|---|---|---|---|---|---|---|---|
| Total Assets | $82.6M+39.3% | $59.3M-42.8% | $103.6M-1.8% | $105.5M-33.5% | $158.6M-18.8% | $195.2M-3.1% | $201.5M-32.7% | $299.4M |
| Current Assets | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Cash & Equivalents | $10.9M+1499.9% | $683K-56.4% | $1.6M-32.3% | $2.3M+47.5% | $1.6M-12.1% | $1.8M-14.8% | $2.1M-44.9% | $3.8M |
| Inventory | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Accounts Receivable | $9.3M+24.0% | $7.5M-8.5% | $8.2M+6.5% | $7.7M-42.1% | $13.3M-10.1% | $14.8M | N/A | N/A |
| Goodwill | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Total Liabilities | $76.5M-0.5% | $76.9M-35.7% | $119.5M+1.1% | $118.1M-27.3% | $162.4M-18.8% | $200.0M-1.1% | $202.2M-31.9% | $296.8M |
| Current Liabilities | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Long-Term Debt | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Total Equity | $4.2M+121.1% | -$19.9M-25.6% | -$15.8M-25.6% | -$12.6M-227.1% | -$3.8M+18.9% | -$4.7M-536.8% | -$745K-128.4% | $2.6M |
| Retained Earnings | -$70.7M-6.6% | -$66.3M-8.7% | -$61.0M-7.8% | -$56.6M-25.2% | -$45.2M+0.3% | -$45.4M-11.6% | -$40.6M-10.3% | -$36.8M |
CWD Cash Flow Statement
| Metric | Q3'25 | Q2'25 | Q1'25 | Q3'24 | Q3'24 | Q2'24 | Q1'24 | Q4'23 |
|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | -$4.6M-294.4% | -$1.2M+32.7% | -$1.7M-330.5% | $754K+1118.9% | -$74K-105.3% | $1.4M+191.8% | -$1.5M+79.8% | -$7.6M |
| Capital Expenditures | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Free Cash Flow | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Investing Cash Flow | -$12.9M-214.5% | -$4.1M-3730.8% | -$107K+98.0% | -$5.3M-560.2% | $1.1M+110.3% | $544K+103.4% | -$16.1M-141.6% | $38.6M |
| Financing Cash Flow | $27.4M+529.4% | $4.4M+233.3% | $1.3M-75.3% | $5.3M+448.6% | -$1.5M+44.1% | -$2.7M-151.7% | $5.3M+116.6% | -$31.8M |
| Dividends Paid | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Share Buybacks | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
CWD Financial Ratios
| Metric | Q3'25 | Q2'25 | Q1'25 | Q3'24 | Q3'24 | Q2'24 | Q1'24 | Q4'23 |
|---|---|---|---|---|---|---|---|---|
| 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 | -120.2%-15.8pp | -104.5%-43.8pp | -60.7%+70.4pp | -131.1%-132.4pp | 1.3%+59.1pp | -57.8%-41.3pp | -16.6%-6.7pp | -9.9% |
| Return on Equity | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Return on Assets | -5.3%+3.6pp | -8.9%-4.7pp | -4.3%+6.5pp | -10.8%-10.9pp | 0.1%+2.5pp | -2.4%-0.5pp | -1.9%-1.1pp | -0.8% |
| Current Ratio | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Debt-to-Equity | 18.28+22.2 | -3.87+3.7 | -7.56+1.8 | -9.38+32.8 | -42.20-0.0 | -42.15+229.3 | -271.42-384.6 | 113.16 |
| FCF Margin | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
Note: Shareholder equity is negative (-$12.6M), which causes debt-to-equity and return on equity ratios to appear negative or not meaningful. This can occur from accumulated losses or large share buyback programs.
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Frequently Asked Questions
What is CaliberCos's annual revenue?
CaliberCos (CWD) reported $51.1M in total revenue for fiscal year 2024. This represents a -43.8% 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 CaliberCos's revenue growing?
CaliberCos (CWD) revenue declined by 43.8% year-over-year, from $90.9M to $51.1M in fiscal year 2024.
Is CaliberCos profitable?
No, CaliberCos (CWD) reported a net income of -$19.8M in fiscal year 2024, with a net profit margin of -38.7%.
What is CaliberCos's earnings per share (EPS)?
CaliberCos (CWD) reported diluted earnings per share of $-0.90 for fiscal year 2024. This represents a -42.9% 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.
What is CaliberCos's net profit margin?
CaliberCos (CWD) had a net profit margin of -38.7% in fiscal year 2024, representing the share of revenue converted into profit after all expenses.
What is CaliberCos's operating cash flow?
CaliberCos (CWD) generated $555K in operating cash flow during fiscal year 2024, representing cash generated from core business activities.
What are CaliberCos's total assets?
CaliberCos (CWD) had $105.5M in total assets as of fiscal year 2024, including both current and long-term assets.
How many shares does CaliberCos have outstanding?
CaliberCos (CWD) had 15M shares outstanding as of fiscal year 2024.
What is CaliberCos's debt-to-equity ratio?
CaliberCos (CWD) had a debt-to-equity ratio of -9.38 as of fiscal year 2024, measuring the company's financial leverage by comparing total debt to shareholder equity.
What is CaliberCos's return on assets (ROA)?
CaliberCos (CWD) had a return on assets of -18.7% for fiscal year 2024, measuring how efficiently the company uses its assets to generate profit.
Why is CaliberCos's debt-to-equity ratio negative or unusual?
CaliberCos (CWD) has negative shareholder equity of -$12.6M as of fiscal year 2024, which causes the debt-to-equity ratio to appear negative or not meaningful. This can occur when accumulated losses exceed invested capital, or after large share buyback programs. Other solvency metrics like the current ratio or interest coverage may be more informative.
What is CaliberCos's Piotroski F-Score?
CaliberCos (CWD) 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 7–9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.
Are CaliberCos's earnings high quality?
CaliberCos (CWD) has an earnings quality ratio of -0.03x, 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.