Business
Caliber Reports Fourth Quarter and Full Year 2025 Results
Establishes 2026 Guidance: Revenue Range of $18 Million to $22 Million with Positive Net Operating Income and Adjusted EBITDA Profitability SCOTTSDALE, Ariz.,
About this update from Calibercos Inc.
[{"type":"text","content":"Establishes 2026 Guidance: Revenue Range of $18 Million to $22 Million with Positive Net Operating Income and Adjusted EBITDA Profitability\nSCOTTSDALE, Ariz., March 25, 2026 (GLOBE NEWSWIRE) -- Caliber (Nasdaq: CWD), a diversified real estate and digital asset management platform, today reported results for the fourth quarter and full year ended December 31, 2025. Caliber enters 2026 with a streamlined platform and a clear path toward revenue growth and profitability, driven by the expected execution of project-level financings and continued capital formation activities. Fourth Quarter 2025 (compared to Fourth Quarter 2024) Platform revenue of $4.0 million, compared to $4.6 million Asset management revenue of $4.0 million drove the stated results Platform net loss of $7.7 million, or $1.24 per diluted share, compared to Platform net loss of $11.6 million, or $10.34 per diluted share Results largely impacted by $5.1 million unrealized loss in Caliber’s LINK treasury, driven by the change in fair value of digital assets Platform Adjusted EBITDA loss of $0.4 million, compared to Platform Adjusted EBITDA loss of $1.0 million Full Year 2025 Platform Financial Highlights (compared to Full Year 2024) Platform revenue of $15.2 million, compared to $20.9 million Asset management revenue of $15.2 million reflecting the timing of project financings and development activity, drove the stated results Platform net loss of $21.2 million, or $7.50 per diluted share, compared to Platform net loss of $19.6 million, or $17.86 per diluted share Losses largely impacted by $5.8 million change in fair value of digital assets Platform Adjusted EBITDA loss of $2.4 million, compared to Platform Adjusted EBITDA loss of $2.7 millionFair value assets under management (“FV AUM”) of $779.7 million, a 1.9% decrease compared to December 31, 2024, primarily due to disposition of three hospitality assets and various land parcels, partially offset by the acquisition of a self-storage property and a land parcel intended for hotel developmentManaged capital of $517.2 million, a 5.0% increase compared to December 31, 2024, with originations of $26.5 million, partially offset by return of capital of $1.9 million The year-over-year decrease in platform revenue was primarily driven by the timing of development and financing activities, as several projects progressed bu...