Slide 1: Caliber overview and digital asset treasury
Over the past 17 years, Caliber has grown into a leading diversified alternative asset management firm, managing more than $2.6 billion in assets under management and assets under development. Caliber’s primary goal is to enhance the wealth of accredited investors seeking to make investments in midd
Slide 2: Platform results, annual YTD 2019-2025
YTD YTD YTD YTD YTD YTD YTD (in thousands, except per share amounts) 2019 2020 2021 2022 2023 2024 2025 Platform Revenues Asset management revenues 21,086$ 11,775$ 15,259$ 21,575$ 16,982$ 20,563$ 15,155$ Performance allocations 4,985 422 733 2,543 3,656 379 33 Total Platform revenues 26,071 12,197 1
Slide 3: Platform results, quarterly Q1 2024-Q1 2026
QTD QTD QTD QTD QTD QTD QTD QTD QTD (in thousands, except per share amounts) Q1 2024 Q2 2024 Q3 2024 Q4 2024 Q1 2025 Q2 2025 Q3 2025 Q4 2025 Q1 2026 Platform Revenues Asset management revenues 4,555$ 4,179$ 7,242$ 4,587$ 3,542$ 4,103$ 3,514$ 3,996$ 4,071$ Performance allocations 171 33 174 1 7 23 2
Slide 4: Quarterly Platform Revenue and Platform Adjusted EBITDA
$4,555 $4,179 $7,242 $4,587 $3,542 $4,103 $3,514 $3,996 $4,071 (1,669) (2,451) 2,412 (1,002) (1,352) (54) (665) (357) (338) $(4,000) $(2,000) $- $2,000 $4,000 $6,000 $8,000 Q1 2024 Q2 2024 Q3 2024 Q4 2024 Q1 2025 Q2 2025 Q3 2025 Q4 2025 Q1 2026 Quarterly Platform Revenue and Platform Adjusted EBITDA
Slide 5: Platform balance sheet
Mar. 31, 2024 Jun. 30, 2024 Sept. 30, 2024 Dec. 31, 2024 Mar. 31, 2025 June. 30, 2025 Sept. 30, 2025 Dec. 31, 2025 Mar. 31, 2026 (in thousands) Assets Cash and restricted cash 3,278 3,093 3,050 4,348 3,363 3,145 13,138 5,166 2,894 Total Real estate assets 21,749 21,733 21,644 21,782 21,776 21,978 22
Slide 6: Impact of Consolidated Funds: balance sheet
Platform Impact of Consolidated Funds Consolidated Platform Impact of Consolidated Funds Consolidated Platform Impact of Consolidated Funds Consolidated Platform Impact of Consolidated Funds Consolidated Assets Cash and restricted cash 3,692,838 (135,838) 3,557,000 1,878,940 (46,940) 1,832,000 2,006
Slide 7: Impact of Consolidated Funds: balance sheet
Platform Impact of Consolidated Funds Consolidated Platform Impact of Consolidated Funds Consolidated Platform Impact of Consolidated Funds Consolidated Platform Impact of Consolidated Funds Consolidated Assets Cash and restricted cash 4,458,000 - 4,458,000 3,665,000 - 3,665,000 3,474,000 - 3,474,00
Slide 8: Impact of Consolidated Funds: balance sheet
Platform Impact of Consolidated Funds Consolidated Platform Impact of Consolidated Funds Consolidated Platform Impact of Consolidated Funds Consolidated Platform Impact of Consolidated Funds Consolidated Assets Cash and restricted cash 3,278,000 - 3,278,000 3,093,000 - 3,093,000 3,050,000 - 3,050,00
Slide 9: Impact of Consolidated Funds: balance sheet
Platform Impact of Consolidated Funds Consolidated Platform Impact of Consolidated Funds Consolidated Platform Impact of Consolidated Funds Consolidated Platform Impact of Consolidated Funds Consolidated Assets Cash and restricted cash 3,363,000 - 3,363,000 3,145,000 - 3,145,000 13,138,000 - 13,138,
Slide 10: Impact of Consolidated Funds: balance sheet
Platform Impact of Consolidated Funds Consolidated Platform Impact of Consolidated Funds Consolidated Platform Impact of Consolidated Funds Consolidated Platform Impact of Consolidated Funds Consolidated Assets Cash and restricted cash 2,894,000 - 2,894,000 - - - Total Real estate assets 22,128,000
Slide 11: Net income to Platform net income reconciliation
QTD QTD QTD QTD QTD QTD QTD QTD QTD Q1 2024 Q2 2024 Q3 2024 Q4 2024 Q1 2025 Q2 2025 Q3 2025 Q4 2025 Q1 2026 Net income (loss) attributable to CaliberCos Inc. (3,805,000) (4,730,000) 146,000 (11,388,000) (4,407,000) (5,299,000) (4,371,000) (7,721,000) (3,619,000) Net income (loss) attributable to non
Slide 12: Impact of Consolidated Funds: annual income statement
Platform p Consolidated Funds Consolidated Platform p Consolidated Funds Consolidated Platform p Consolidated Funds Consolidated Revenues Asset management 21,086,000 (6,300,000) 14,786,000 11,775,000 (5,606,000) 6,169,000 15,259,000 (6,117,000) 9,142,000 Performance allocations 4,985,000 (4,979,000)
Slide 13: Impact of Consolidated Funds: annual income statement
Platform p Consolidated Funds Consolidated Platform p Consolidated Funds Consolidated Revenues Asset management 21,575,000 (6,231,000) 15,344,000 16,982,000 (6,411,000) 10,571,000 Performance allocations 2,543,000 - 2,543,000 3,656,000 (17,000) 3,639,000 Consolidated funds – hospitality revenue 59,5
Slide 14: Impact of Consolidated Funds: quarterly income statement
Platform Impact of Consolidated Funds Consolidated Platform Impact of Consolidated Funds Consolidated Platform Impact of Consolidated Funds Consolidated Platform Impact of Consolidated Funds Consolidated Revenues Asset management 3,924,000 (1,888,000) 2,036,000 3,348,000 (1,454,000) 1,894,000 3,704,
Slide 15: Impact of Consolidated Funds: quarterly income statement
Platform Impact of Consolidated Funds Consolidated Platform Impact of Consolidated Funds Consolidated Platform Impact of Consolidated Funds Consolidated Platform Impact of Consolidated Funds Consolidated Revenues Asset management 4,555,000 (1,385,000) 3,170,000 4,179,000 (953,000) 3,226,000 7,242,00
Slide 16: Impact of Consolidated Funds: quarterly income statement
Platform Impact of Consolidated Funds Consolidated Platform Impact of Consolidated Funds Consolidated Platform Impact of Consolidated Funds Consolidated Platform Impact of Consolidated Funds Consolidated Revenues Asset management 3,542,000 (346,000) 3,196,000 4,103,000 (357,000) 3,746,000 3,514,000
Slide 17: Impact of Consolidated Funds: Q1 2026 income statement
Platform Impact of Consolidated Funds Consolidated Platform Impact of Consolidated Funds Consolidated Platform Impact of Consolidated Funds Consolidated Platform Impact of Consolidated Funds Consolidated Revenues Asset management 4,071,000 (407,000) 3,664,000 - - - Performance allocations 34,000 - 3