Caliber Reports Preliminary Third Quarter 2025 Results

Rhea-AI Summary

Caliber (Nasdaq: CWD) reported preliminary, unaudited Q3 2025 ranges showing a materially stronger balance sheet after executing its Digital Asset Treasury (DAT) strategy.

Key estimates vs. June 30, 2025: cash of $10.0M–$11.0M (prior $0.6M) and a LINK treasury valued at $9.0M–$10.0M. Since June 30, Caliber raised approximately $13.0M in common stock ($10.9M net) and $15.9M in Series B preferred ($15.3M net), totaling $28.9M new equity ($26.2M net), improving a $17.6M stockholders' deficit at June 30, 2025.

The company cautioned these are estimates pending financial close and audit; finalized Q3 2025 results and a webcast are expected on or about November 13, 2025.

Positive

• Cash estimated at $10.0M–$11.0M vs $0.6M on June 30, 2025
• LINK treasury valued at $9.0M–$10.0M on September 30, 2025
• Total new equity raised $28.9M ($26.2M net of issuance costs)

Negative

• Stockholders' deficit was $17.6M at June 30, 2025
• Preliminary results are unaudited and may change upon close

Insights

Balance sheet & treasury strategist

Caliber reports substantial equity and liquidity gains after recent equity raises and initial LINK accumulation.

Caliber shows a marked improvement in liquidity from $0.6 million to an estimated $10.0–$11.0 million in cash and an estimated $9.0–$10.0 million in a LINK Treasury, funded by roughly $28.9 million of new equity issuances ($26.2 million net). The company states these proceeds reduced a stockholders\' deficit of $17.6 million at June 30, 2025, turning the balance sheet materially stronger on a preliminary basis.

The strength depends on final audited results and on the valuation and liquidity of the LINK holdings; the company repeatedly cautions these are unaudited estimates and subject to adjustment. The Series B preferred shares are convertible at $250 per share, which affects future share count and potential dilution upon conversion. Monitor the finalized Form 10-Q and auditor review for any adjustments to cash, LINK valuation, and equity accounting.

Watch the finalized third quarter 2025 report and webcast scheduled on or about November 13, 2025 for confirmed figures, auditor commentary, and details on accounting for the DAT strategy and convertibility terms; those items will determine whether the preliminary balance sheet improvements persist in the official financials.

Stockholders’ Equity & Liquidity Show Substantial Improvements

SCOTTSDALE, Ariz., Oct. 09, 2025 (GLOBE NEWSWIRE) -- Caliber (Nasdaq: CWD), a diversified real estate and digital asset platform, today announced certain estimated preliminary financial results for the third quarter ended September 30, 2025.

"Our estimated Third Quarter results highlight a dramatically improved balance sheet driven by our DAT strategy,” said Chris Loeffler, Chief Executive Officer of Caliber, “The material quarter over quarter improvement to Caliber’s liquidity position, current assets and stockholders' equity reflects steady LINK accumulation fueled by equity-driven fundraising.”

3Q25 Estimated Unaudited Ranges Compared to 2Q25 Actuals Results

	September 30, 2025	June 30, 2025
Cash	$10.0 million - $11.0 million	$0.6 million
LINK Treasury	$9.0 million - $10.0 million	$-

The preliminary results noted were as a result of Caliber executing on its previously announced Digital Asset Treasury (DAT) Strategy. Since June 30, 2025, Caliber has raised approximately $13.0 million in CWD common stock ($10.9 million net of equity issuance costs) (at an average price of $3.34) and $15.9 million of Series B preferred stock ($15.3 million net of equity issuance costs) with a per share purchase price of $1,000 and convertible into common stock at $250 per share. Total new equity of $28.9 million ($26.2 million net of equity issuance costs) provides a significant improvement to Caliber’s stockholders’ deficit of $17.6 million at June 30, 2025.

DAT Strategy Driving Balance Sheet Strength

Caliber’s Digital Asset Treasury (DAT) Strategy is structured around disciplined, dollar-cost-averaged $LINK purchases designed to capture long-term appreciation and staking yield. Caliber is the first Nasdaq-listed company to adopt a treasury strategy anchored in Chainlink ($LINK). Through this initiative, the company offers shareholders transparent, mark-to-market participation in the growth of the $LINK ecosystem—positioning Caliber at the intersection of real asset infrastructure and digital asset infrastructure.

“Our goal is to create one of the largest $LINK treasuries held by a public company,” Loeffler added. “We believe this strategy strengthens our balance sheet, expands liquidity options, and aligns Caliber with the future of capital markets.”

Cautionary Note

The preliminary financial results presented herein are estimates and subject to the completion of the Company’s financial closing and other procedures and finalization of the Company’s consolidated financial statements for its quarter ended September 30, 2025 and subsequent events may occur that require adjustments to these results. These preliminary financial results have not been reviewed by the Company’s independent auditors. Accordingly, actual financial and operating results that will be reflected in the Company’s Quarterly Report on Form 10-Q for the three months ended September 30, 2025, including in its financial statements, may differ materially from these preliminary results. In addition, any statements regarding the Company's estimated financial results for the quarterly period ended September 30, 2025 included herein do not present all information necessary for an understanding of the Company's financial condition and results of operations as of and for the quarterly period ended September 30, 2025. Moreover, this preliminary information for the quarterly period ended September 30, 2025 is not necessarily indicative of results that may be achieved for any future period.

Upcoming Earnings Release

Caliber expects to report finalized third quarter 2025 results and host a webcast and conference call to discuss its performance on or about November 13, 2025.

About Caliber (CaliberCos Inc.)

Caliber (Nasdaq: CWD) is an alternative investment manager with over $2.9 billion in Managed Assets and a 16-year track record in private equity real estate investing across hospitality, multi-family, and industrial real estate. In 2025, Caliber became the first U.S. public real estate platform to launch a Digital Asset Treasury strategy anchored in Chainlink (LINK). This initiative bridges real and digital asset investing through an equity-funded, disciplined approach that includes staking for yield. Investors can participate via Caliber’s publicly traded equity (Nasdaq: CWD) and private real estate funds.

Forward-Looking Statements

This press release contains “forward-looking statements” that are subject to substantial risks and uncertainties. All statements, other than statements of historical fact, contained in this press release are forward-looking statements. Forward-looking statements contained in this press release may be identified by the use of words such as “anticipate,” “believe,” “contemplate,” “could,” “estimate,” “expect,” “intend,” “seek,” “may,” “might,” “plan,” “potential,” “predict,” “project,” “target,” “aim,” “should,” “will” “would,” or the negative of these words or other similar expressions, although not all forward-looking statements contain these words. Forward-looking statements are based on the Company’s current expectations and are subject to inherent uncertainties, risks and assumptions that are difficult to predict. Further, certain forward-looking statements are based on assumptions as to future events that may not prove to be accurate. These and other risks and uncertainties are described more fully in the section titled “Risk Factors” in the final prospectus related to the Company’s public offering filed with the SEC and other reports filed with the SEC thereafter. Forward-looking statements contained in this announcement are made as of this date, and the Company undertakes no duty to update such information except as required under applicable law.

CONTACTS:
Caliber Investor Relations:
Ilya Grozovsky
+1 480-214-1915
Ilya@CaliberCo.com

FAQ

What preliminary cash balance did Caliber (CWD) report for Q3 2025?

Caliber reported estimated cash of $10.0M–$11.0M as of September 30, 2025.

How large is Caliber's reported LINK treasury in Q3 2025 (CWD)?

The company estimated a LINK treasury valued at $9.0M–$10.0M at September 30, 2025.

How much equity did Caliber (CWD) raise since June 30, 2025?

Caliber raised approximately $28.9M in total new equity (about $26.2M net of issuance costs).

When will Caliber (CWD) release finalized Q3 2025 results and host a webcast?

Caliber expects to report finalized Q3 2025 results and host a webcast on or about November 13, 2025.

What is the structure of Caliber's Series B preferred stock mentioned in the Q3 2025 update?

Series B preferred stock was issued at $1,000 per share and is convertible into common stock at $250 per share.

Does Caliber (CWD) warn that the Q3 2025 figures could change?

Yes. The company stated the preliminary figures are estimates, unaudited, and may differ materially after financial close and audit.