Calibercos Inc. · NASDAQ:CWD
Calibercos — Q2 2026 Earnings Presentation
18 slides from Calibercos's earnings presentation, Aug 13, 2026
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 $2.6 billion in assets under management and assets under development. Caliber’s primary goal is to enhance the wealth of accredited investors seeking to make investments in midd
Slide 2: Annual Platform results 2019-2025
YTD YTD YTD YTD YTD YTD YTD (in thousands, except per share amounts) 2019 2020 2021 2022 2023 2024 2025 Platform Revenues Asset management revenues 21,086$ 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: Annual Platform Revenue and Adjusted EBITDA; Managed Capital
(in thousands, unless otherwise noted) $26,071 $12,197 $15,992 $24,118 $20,638 $20,942 $15,188 $10,040 $(2,842) $3,462 $5,519 $(1,251) $(2,710) $(2,428) (5,000) - 5,000 10,000 15,000 20,000 25,000 30,000 2019 2020 2021 2022 2023 2024 2025 Annual Platform Revenue and Platform Adjusted EBITDA Total Pl
Slide 4: Quarterly Platform results
QTD QTD QTD QTD QTD QTD QTD QTD QTD (in thousands, except per share amounts) Q2 2024 Q3 2024 Q4 2024 Q1 2025 Q2 2025 Q3 2025 Q4 2025 Q1 2026 Q2 2026 Platform Revenues Asset management revenues 4,179$ 7,242$ 4,587$ 3,542$ 4,103$ 3,514$ 3,996$ 4,071$ 3,741$ Performance allocations 33 174 1 7 23 2 1 34
Slide 5: Annual Platform Revenue and Adjusted EBITDA; Managed Capital
(in thousands, unless otherwise noted) $26,071 $12,197 $15,992 $24,118 $20,638 $20,942 $15,188 $10,040 $(2,842) $3,462 $5,519 $(1,251) $(2,710) $(2,428) (5,000) - 5,000 10,000 15,000 20,000 25,000 30,000 2019 2020 2021 2022 2023 2024 2025 Annual Platform Revenue and Platform Adjusted EBITDA Total Pl
Slide 6: Platform balance sheet by quarter
June 30, 2024 September 30, 2024 December 31, 2024 March 31, 2025 June 30, 2025 September 30, 2025 December 31, 2025 March 31, 2026 June 30, 2026 (in thousands) Assets Cash and restricted cash 3,093 3,050 4,348 3,363 3,145 13,138 5,166 2,894 3,811 Total Real estate assets 21,733 21,644 21,782 21,776
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 3,692,838 (135,838) 3,557,000 1,878,940 (46,940) 1,832,000 2,006
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 3,692,838 (135,838) 3,557,000 1,878,940 (46,940) 1,832,000 2,006
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 3,278,000 - 3,278,000 3,093,000 - 3,093,000 3,050,000 - 3,050,00
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 3,363,000 - 3,363,000 3,145,000 - 3,145,000 13,138,000 - 13,138,
Slide 11: 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 3,811,000 - 3,811,000 - - Total Real estat
Slide 12: Quarterly net income reconciliation
QTD 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 Q2 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) (3,374,000) Net income (l
Slide 13: 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 14: Impact of Consolidated Funds: annual income statement
Platform Consolidated Funds Consolidated Platform 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 59,564,0
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 3,924,000 (1,888,000) 2,036,000 3,348,000 (1,454,000) 1,894,000 3,704,
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 4,555,000 (1,385,000) 3,170,000 4,179,000 (953,000) 3,226,000 7,242,00
Slide 17: 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 18: 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 4,071,000 (407,000) 3,664,000 3,741,000 (536,000) 3,205,000 - - Perfor